Tribhovandas Bhimji Zaveri Ltd.

Credit rating agency, CRISIL has reaffirmed A-/ Stable rating to Tribhovandas Bhimji Zaveri’s long term facilities worth Rs 170 crore. The rating agency has also assigned A2+ rating to company’s short term bank facilities worth Rs 292 crore. Total bank loan facilities are worth Rs 462 crore (enhanced from Rs 283 crore)

Tribhovandas Bhimji Zaveri, a well known jewellery retailer in India, is primarily engaged in selling gold and diamond-studded jewellery. TBZ-The Original has 26 stores in 20 cities across 7 states including Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh, Kerala, Andhra Pradesh and West Bengal.