About Silgo Retail Limited

Silgo Retail Limited is an Indian jewellery company specialising in the trade, manufacture, and sale of hallmarked silver jewellery and precious stones. Established in Jaipur and listed on the National Stock Exchange of India Limited (NSE) under the symbol “SILGO,” the company has completed a decade of operations as a listed entity. Its registered office is situated at B-11, Mahalaxmi Nagar, Jawaharlal Nehru Marg, Jaipur – 302017, Rajasthan, and it also maintains a corporate office in Andheri East, Mumbai, Maharashtra. The company operates with an asset-light model and aims for scalability and financial resilience in a competitive jewellery market.

Silgo’s product portfolio covers a broad range of silver jewellery categories tailored for diverse consumer segments including wedding, party, and daily wear customers. Each product is hallmarked and certified to ensure quality assurance and customer trust. The company emphasizes continuous design innovation, launching new collections and product lines aligned with evolving market trends. Operating as a single standalone entity with no subsidiaries, associates, or joint ventures, Silgo’s focus remains on expanding its retail and online presence while strengthening operational efficiency.

In FY 2024–25, Silgo recorded robust performance, with revenue from operations growing by 26.66% and net profit rising by 42.04% year-on-year. The company achieved full repayment of its borrowings during the year, resulting in a debt-equity ratio of nil. Its equity shares are mandatorily traded in dematerialised form, and as of March 31, 2025, 100% of the equity share capital was in electronic mode. The company’s 10th Annual Report (for FY 2024–25) underscores a decade of sustained growth and governance focus in the precious metals and jewellery value chain.

Key Milestones of Silgo Retail Limited

• 2015 – Incorporation of Silgo Retail Limited in Jaipur, Rajasthan.
• 2018 – Listing of equity shares on the National Stock Exchange of India Limited (NSE).
• 2020–2023 – Strengthening of design, manufacturing, and online retail capabilities in silver jewellery.
• 2024–2025 – Completion of 10 years as a listed entity with significant year-on-year financial performance growth and complete debt repayment.
• 2025 – Announcement of proposed preferential issue of equity shares and convertible warrants to fund business expansion initiatives.

Silgo Retail Limited Business Verticals and Geographic Presence 

Business Verticals:

• Silver Jewellery Manufacturing: Design, production, and finishing of hallmarked silver jewellery using advanced craft and technology-based methods.
• Retail and Wholesale Trade: Sale of finished products through retail, wholesale, and online channels, including periodic seasonal and festive collections.
• Precious Stones and Accessories: Integration of semi-precious and precious stones into product designs to enhance aesthetic value.

Geographical Presence:

• India – Primary operational market with headquarters in Jaipur and a business office in Mumbai.
• International – Focus primarily on domestic market; limited overseas activity through export trade opportunities.

Silgo Retail Limited Key Management

• Nitin Jain – Chairman & Managing Director
• Anjana Jain – Whole-time Director
• Anisha Jain – Non-Executive Director
• Liladhar Kumawat – Non-Executive Independent Director
• Anil Kumawat – Non-Executive Independent Director
• Shalabh Gupta – Non-Executive Independent Director
• Tripti Sharma – Company Secretary & Compliance Officer
• Trilok Chand Saini – Chief Financial Officer

Latest Updates on Silgo Retail Limited

• Financial performance: In FY 2024–25, revenue from operations increased 26.66% year-on-year, and net profit rose by 42.04%. The company achieved full repayment of borrowings, resulting in a zero-debt position by year-end.
• Capital structure: As of March 31, 2025, the Paid-up Equity Share Capital stood at Rs 1,849.68 lakh, comprising 184.96802 lakh equity shares of Rs 10 each. No new shares were issued during FY 2024–25.
• No fundraising during FY 2024–25: The company did not undertake any Preferential Issue, Rights Issue, or Public Issue during the period.
• Proposed preferential issue (FY 2025–26): Post year-end, the Board proposed a preferential issue of equity shares and fully convertible warrants at a floor price of Rs 56.25 under SEBI ICDR Regulations (relevant date July 21, 2025). The promoter-cum-Director, Mr. Nitin Jain, expressed intent to subscribe to 1.3 crore warrants totalling Rs 73.13 crore, with no change in control anticipated.
• Governance and compliance: Annual Listing and Custodian Fees for FY 2025–26 were paid to NSE and depositories (CDSL/NSDL). The company maintained 100% dematerialisation of shares as on March 31, 2025.
• Annual General Meeting: The 10th AGM is scheduled for August 20, 2025, at 1.30 PM via Video Conference (VC) / Other Audio Visual Means (OAVM), with the deemed venue as the registered office in Jaipur.