Lypsa Gems and Jewellery has reduced its secured debt by 25%. As of today, the company’s debt stands at Rs 23.50 crore down from Rs 31 crore as of March 31, 2016. The company has paid Rs 7.50 crore to Bank of India to reduce the debt burden. Debt Equity Ratio has dropped from 1.03x to 0.75x. This is a remarkable achievement by the Company, especially in the hard times that the diamond industry has been facing. Lypsa is amongst one of the very few Diamond companies to have initiated Debt Repayment.
Lypsa Gems & Jewellery is wholly integrated diamond company sourcing rough diamonds from the major diamond mines, cutting and polishing them in its own factories & marketing its product to clients across the globe. The company strives to sell polished diamonds directly to the jewelers, thereby eliminating the middlemen margin and passing on the price advantage to its customers.
