Kenrik Industries Ltd Share Price

Kenrik Industries Limited was originally incorporated as ‘Kenrik Industries Private Limited’ on February 28, 2017 under the provision of the Companies Act, 2013 issued by the Deputy Registrar of Companies for and on behalf of the Jurisdictional Registrar of Companies, Registrar of Companies, Central Registration Centre. Subsequently, the company was converted into a Public Limited Company under the Companies Act, 2013 and the name of the Company was changed to ‘Kenrik Industries Limited’ vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated April 27, 2018 issued by Assistant Registrar of Companies, Ahmedabad.

The company was originally incorporated as a private limited company on February 28, 2017 and since then, commenced its business in manufacturing, wholesaling and supplying of plain and studded gold Jewellery and Ornaments. The company is mainly focused on traditional Indian jewellery. Its products include handmade gold jewellery studded with precious and semi-precious stones such as diamond, ruby, cubic zirconia etc. Its product portfolio includes rings, earrings, armlet, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items and other wedding jewellery. Its products cater to the customers across high-end, mid-market and value market segments. The jewelleries are made as per the specific requirements by the customer and the same are manufactured on job work basis at its manufacturing unit situated in Ahmedabad, Gujarat.

Although, the company has several regular suppliers with whom it frequently sources its raw material from, the company does not have any fixed supplier contracts. The primary reason for not having any long-term supply contracts is the volatility in pricing of the raw material which makes it impossible to have any long-term arrangement. The raw material it requires is essentially gold which is a very standardised product and is widely available from a number of suppliers. Availability of raw materials is generally not a big issue in the business. The company maintains full flexibility in sourcing, ensuring that the company can take advantage of competitive pricing and better-quality materials from various suppliers in the market. 

The company operates its business in a region that is well known for its dynamic bullion and jewellery market, where numerous buyers and sellers interact, providing the company with ample opportunities to connect with a diverse range of suppliers. This enables the company to pivot quickly and choose from a broad range of vendors depending on current market conditions.

Business area of the company

The company is engaged in the business of dealing in a broad variety of gold and silver ornaments and bullion.

Products of the company

• Traditional jewellery
• Contemporary jewellery
• Customized jewellery
• Bridal jewellery
• Men’s jewellery

History and milestones

• 2017: Company incorporated as a Private Limited Company in the name of ‘Kenrik Industries Private Limited’.
• 2018: Company converted from Private Limited Company to Public Limited Company i.e., ‘Kenrik Industries Limited’.