Varyaa Creations Ltd - Stock Valuation and Financial Performance

Varyaa Creations Limited was originally incorporated as Kalgi India Private Limited on July 14, 2005 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Mumbai. Subsequently the name of the company was changed from ‘Kalgi India Private Limited’ to ‘Varyaa Creations Private Limited’ under the Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the EGM held on July 04, 2016 and had obtained fresh certificate of incorporation July 19, 2016 issued by the Registrar of Companies, Mumbai. Thereafter, the company was converted in to a public company and consequently name was changed from ‘Varyaa Creations Private Limited’ to ‘Varyaa Creations Limited’ under the Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the EGM held on July 19, 2023 and had obtained fresh certificate of incorporation August 18, 2023 issued by the Registrar of Companies, Mumbai.

The company is engaged in the business of wholesale trading of gold, silver, precious stone, and semi-precious stone. The company also intends to focus on manufacturing and selling of jewellery‘s. The company manufactures its jewellery through job worker located in Mumbai. The company has earned its revenues from wholesale trading of gold, silver, precious stone, semiprecious stone and from sales of jewellery. Currently, its products are sold only through the offline market, i.e. from its registered office located in Mumbai. Its customers can also make inquiry through its online platform www.varyaacreations.com. The major raw material used for making its products is gold, precious stones, gemstones, semi-precious stone, silver etc. which is further provided to the job worker who manufacture the jewellery for the company. 

The job worker manufactures its products as per design and pattern provide by the company. Designing of its products are done in-house. It has not entered into any formal contract or agreement with the job worker. It gets its products manufactured based on the orders basis and as and when need basis. It procures gold, silver, gemstones, precious and semi-precious stones majorly through the bullion market and jewellery market dealers located in Mumbai. Its jewellery is widely sold through B2B and B2C platform. It also sells customized jewellery to customers. It offers its jewellery across different price points so as to maximize its potential customer base. It endeavours to maintain the finishing and quality of its jewellery by ensuring control quality, timely delivery and competitive prices. Its product portfolio includes Necklace, Earring, Tops, Ring, Bracelet, Bangles, Gemstones, Diamonds, Lab Grown diamonds, Pearls and it also make customized jewelleries as per customer’s needs.

Business area of the company

The company is engaged in the business of wholesale trading of gold, silver, precious stone, and semi-precious stone. Its product portfolio includes Necklace, Earring, Tops, Ring, Bracelet, Bangles, Gemstones, Diamonds, Lab Grown diamonds, Pearls and it also make customized jewelleries as per customer’s needs.

Products of the company

• Necklace
• Earring
• Ring
• Bracelet
• Bangles
• Gemstones
• Diamonds
• Lab grown diamonds
• Pearls

History and milestones

• 2005: Incorporated under Companies Act 1956 as Kalgi India Private Limited.
• 2016: Change in the name of the company from ‘Kalgi India Private Limited’ to ‘Varyaa Creations Private Limited’.
• 2023: Conversion of Private to Public from ‘Varyaa Creations Private Limited’ to ‘Varyaa Creations Limited’.