About Tribhovandas Bhimji Zaveri Limited

Tribhovandas Bhimji Zaveri Limited (TBZ – The Original) is one of India’s oldest jewellery houses, tracing its origins to 1864 with the opening of its flagship store in Mumbai’s iconic Zaveri Bazaar. The brand is synonymous with trust, innovation, and craftsmanship, catering to weddings, festive occasions, and everyday wear through designs that blend traditional and contemporary aesthetics. TBZ offers a broad portfolio across gold, diamond, jadau, and platinum jewellery, including plain gold, studded diamonds, coloured stones, temple jewellery, and lightweight contemporary lines. It pioneered the introduction of 100% BIS-hallmarked 22-karat gold jewellery and certified solitaire diamonds in India, emphasizing authenticity and quality as core promises to its customers.

TBZ operates a pan-India retail network with 35 stores across 27 cities in 13 states as of March 31, 2025, covering over 1,00,000 sq. ft. of retail space. Its in-house diamond jewellery manufacturing facility in Kandivali, Mumbai, supports exclusive designs, cost efficiency, quality control, and margin enhancement. The company has one subsidiary, maintaining a streamlined corporate structure focused on its jewellery business.

Key Milestones of Tribhovandas Bhimji Zaveri Limited

• 1864: Opening of the flagship store in Zaveri Bazaar, Mumbai.
• 1938: Introduced a buyback guarantee, an early innovation enhancing customer trust.
• 1995: First to launch lightweight jewellery in India.
• 2004: Introduced 100% pre-hallmarked jewellery, setting new standards for transparency.
• 2012: Listed on BSE and NSE with an IPO raising Rs 2,000 million.
• Post-2015: Expanded via franchise route; latest store openings include Kalyan (2022) and Vapi-GIDC (2024).
• FY 2024–25: Opened three new franchise stores in Jaipur, Bhubaneswar, and Rourkela, expanding the network to 35 stores.

Tribhovandas Bhimji Zaveri Limited Business Segment

TBZ operates wholly in the jewellery segment, which accounts for 100% of its revenue. Approximately 65% of sales are wedding and occasion-related purchases. Geographically, all of the company’s revenue in FY 2024–25 was generated domestically within India, with no international revenue.

The company focuses exclusively on jewellery design, manufacture, and retailing, offering a comprehensive product range across gold, diamonds, jadau, and platinum segments. It combines traditional craftsmanship with contemporary designs supported by an in-house diamond jewellery manufacturing facility in Mumbai to maintain quality and competitiveness.

Tribhovandas Bhimji Zaveri Limited Key Management

• Shrikant Zaveri – Chairman & Managing Director
• Binaisha Zaveri – Whole-time Director
• Raashi Zaveri – Whole-time Director
• Mukesh Sharma – Chief Financial Officer
• Arpit Maheshwari – Company Secretary (appointed September 4, 2024)

Latest Updates on Tribhovandas Bhimji Zaveri Limited

• Store expansion: Opened three franchise outlets in Jaipur, Bhubaneswar, and Rourkela in FY 2024–25, marking the company’s second presence in Odisha and strengthening Eastern India coverage. The store count reached 35 as of March 31, 2025.
• Brand campaigns: Renewed association with Sara Ali Khan as brand ambassador, ran campaigns such as “Tyohaar Matlab TBZ,” “Shaadi Matlab TBZ,” and “Diamond No Making (DNM) Festival,” and introduced IRIS, a pastel-hued diamond collection for Navratri to reinforce leadership in festive and bridal jewellery segments.
• Digital engagement: Reported significant traction on social media and digital platforms with omni-channel campaigns aimed at customer acquisition and retention, generating strong impressions and user reach.
• Recognition: Won the Retail Jeweller India Forum – MD & CEO Awards 2025 for “Exemplary Value Creation for Shareholders.”