About the BlueStone Jewellery & Lifestyle Limited 

BlueStone Jewellery & Lifestyle Limited is one of India’s leading omni-channel jewellery brands, recognised for design innovation, product quality and a highly personalised retail experience. Founded as a digital-first platform and incorporated on July 22, 2011, the company has transitioned into a balanced online–offline model, combining technology-led discovery with store-led engagement across India.

The company’s portfolio includes gold, diamond, gemstone and platinum jewellery, supported by an in-house design studio and integrated manufacturing capabilities. BlueStone is known for its frequent, trend-led collections, customisation options and modern experiences such as virtual try-ons and AI-powered recommendations.

As of March 31, 2025, BlueStone operated 275 stores across 117 cities, complemented by a robust e-commerce platform. Its registered office is in Bengaluru and corporate office in Mumbai, with manufacturing units located in Mumbai (Maharashtra), Jaipur (Rajasthan) and Surat (Gujarat).

The company had 1 subsidiary as on March 31, 2025, with both the subsidiary and an associate (added during the year) in early-stage operations.

A key milestone in FY 2024–25 was the company’s transition to the public markets. BlueStone filed its DRHP on December 11, 2024, secured in-principle approvals on February 24, 2025, and completed a successful Initial Public Offering, listing its equity shares on BSE and NSE on August 19, 2025. The IPO consisted of a fresh issue of 15,860,735 equity shares and an offer for sale of 13,939,063 equity shares.

Key Management

• Gaurav Singh Kushwaha – Chairman & Managing Director
• Rumit Dugar – Chief Financial Officer
• Paras Shah – Company Secretary (w.e.f. July 15, 2025)
• Sudeep Nagar – Chief Operating Officer
• Vipin Sharma – Chief Merchandising Officer
• Harshit Kulin Desai – Chief Manufacturing Officer
• Mikhil Raj – Chief Product Officer
• Tarun Rajput – Head Engineering
• Gaurav Sachdeva – Chief Retail Officer (Sr. Managerial Personnel; w.e.f. July 15, 2025)

Latest Updates

Capital Markets Milestone

• Successfully completed its IPO and listed on NSE and BSE with effect from August 19, 2025.
• Issue comprised a fresh issue of 15.86 million shares and an OFS of 13.94 million shares.
• Listing and trading approvals were received in August 2025.

Regulatory Progress

• DRHP filed: December 11, 2024
• In-principle approvals (BSE & NSE): February 24, 2025

Corporate Actions

• Issued and allotted shares on rights basis.
• Issued shares/debentures on private placement/preferential basis.
• Converted from a private company to an unlisted public company as part of the listing process.

Board Strengthening

• Appointment of Independent Directors Rohit Bhasin, Neha and Rajesh Kumar Dahiya (effective August 16, 2024).
• Board committees reconstituted in line with governance norms.

Group Structure

• Added 1 subsidiary and 1 associate during FY 2024–25, both incorporated in the year with minimal business activity as of March 31, 2025.