Tribhovandas Bhimji Zaveri Ltd.

Credit rating agency, CRISIL has reaffirmed the long-term rating assigned to Tribhovandas Bhimji Zaveri for an enhanced amount. The credit rating agency has reaffirmed ‘A-/Stable’ rating for long-term bank facilities amounting to Rs 73.50 crore enhanced from Rs 46.20 crore.

CRISIL’s ratings on TBZ’s bank facilities continue to reflect TBZ’s market position with a strong brand, and its healthy financial risk profile, marked by a healthy net worth, low gearing, and robust debt protection metrics.

Tribhovandas Bhimji Zaveri, a well known jewellery retailer in India, is primarily engaged in selling gold and diamond-studded jewellery.