About Manoj Vaibhav Gems ‘N’ Jewellers Limited

Manoj Vaibhav Gems ‘N’ Jewellers Limited (MVGJL), popularly known through its brand Vaibhav Jewellers, is a jewellery retailer headquartered in Visakhapatnam, Andhra Pradesh. The company serves customers across Andhra Pradesh and Telangana through a network of physical showrooms and digital channels, offering gold, diamond, platinum, and silver jewellery. It also sells via its official website and select e-commerce marketplaces such as Amazon and Flipkart, reflecting a strong omni-channel approach. Guided by the philosophy “VAIBHAV is Relationships, By Design,” the brand emphasises customer service, ethical business practices, and employee empowerment.

Rooted in the region for over 25 years, MVGJL has grown from a single showroom in 1994 to a footprint of 21 showrooms (including 1 franchise) as on March 31, 2025. During FY 2024-25, the company opened 6 new showrooms in line with its expansion plans, with a continued focus on the hyperlocal model and rural markets. Its portfolio spans key categories such as daily wear, precious gold jewellery, antique designs, casting jewellery, 18 KT and 14 KT diamond jewellery, and gold-plated silver, designed for diverse tastes and occasions.

MVGJL’s digital evolution includes the roll-out of an e-commerce platform with live video shopping and virtual try-on, and the introduction of a mobile app to make gold purchase plans and savings schemes accessible and transparent for customers. As on March 31, 2025, the company employed 1,100+ people, underscoring its human capital strength.

MVGJL is listed on BSE (Code: 543995) and NSE (Symbol: MVGJL), and its equity shares have been listed since October 03, 2023. Annual listing fees for FY 2024-25 and FY 2025-26 were paid to both exchanges. The company has 0 subsidiaries; there was no Subsidiary/Material Subsidiary during the year.

Key Milestones of Manoj Vaibhav Gems ‘N’ Jewellers Limited

• 1994: First showroom opened; growth to a leading regional brand over 25+ years.
• 2018: E-commerce launch with live video shopping and virtual try-on features.
• October 03, 2023: Listing on BSE and NSE; successful IPO in FY 2023–24 with proceeds later fully utilised as per stated objects.
• FY 2024-25: 6 new showrooms opened; total stores at 21 (including 1 franchise) as on March 31, 2025; mobile app introduced to enhance accessibility.

Manoj Vaibhav Gems ‘N’ Jewellers Limited Business Verticals and Geographical Presence

The company operates mainly as a jewellery retailer serving Andhra Pradesh and Telangana with physical and digital sales channels. Its market presence focuses on Tier 2 and Tier 3 cities and rural segments, with a growing footprint that includes omni-channel access through online platforms and mobile apps.

Manoj Vaibhav Gems ‘N’ Jewellers Limited Business Segment

MVGJL offers a diverse jewellery portfolio including gold, diamond, platinum, and silver items, carving out positions in daily wear, antique, casting, 18 KT and 14 KT diamond jewellery, and gold-plated silver. The company operates both retail showrooms and digital commerce initiatives including live video shopping and virtual try-on features to engage customers.

Manoj Vaibhav Gems ‘N’ Jewellers Limited Key Management

• G.B.M. Ratna Kumari – Chairperson & Managing Director
• Sai Keerthana Grandhi – Whole-time Director & Chief Financial Officer
• Sai Sindhuri Grandhi – Executive Director
• B. Shiva Krishna – Company Secretary & Compliance Officer

Latest Updates on Manoj Vaibhav Gems ‘N’ Jewellers Limited

• Store expansion: MVGJL opened 6 new showrooms during FY 2024-25, taking total to 21 (including 1 franchise) as on March 31, 2025, focusing on Tier 2 and Tier 3 cities and diverse design offerings.
• Digital initiatives: Launched mobile app for gold purchase plans, savings schemes, and tracking, alongside existing live video shopping and virtual try-on.
• Investor communication: Initiated quarterly earnings calls with full disclosure to stock exchanges and website postings.
• IPO utilisation: Confirmed full utilisation of IPO proceeds for showroom expansion, inventory, and corporate purposes by March 31, 2025.
• Workforce: Employed 1,100+ personnel as of March 31, 2025.
• Other disclosures: No material financial changes or commitments occurred post fiscal year-end.