Goldiam International has completed its senior management transition by appointing two new executives to key operational roles effective April 1, 2026. The diamond and jewellery manufacturer and exporter announced these appointments following the recent departures of senior personnel, ensuring continuity in critical business functions.

Recent Senior Management Departures

The company experienced simultaneous changes in its senior management structure with both departures taking effect on March 31, 2026. These changes represented significant transitions in the company's human resources and operations management functions.

Mr. Nilesh Chodankar, who served as Manager-HR, submitted his resignation to pursue better growth prospects, while Mr. Bhavesh Meghani concluded his extensive career with the company through retirement after serving since November 1992.

New Senior Management Appointments

Based on recommendations from the Nomination and Remuneration Committee, the Board of Directors approved the appointment of two new Senior Management Personnel to fill the vacant positions.

New HR Manager Profile

Mr. Mahesh K. Prasad brings over 26 years of rich experience across multiple industries including Gems & Jewellery Manufacturing, Diamonds, Printing & Packaging, Advertising, and Creative Design Services. He holds an MBA in Human Resources and BE-Electrical Engineering, along with a Diploma in Labour law. His distinguished background includes over 20 years as an Ex-Indian Navy professional, where he served as a Master Chief Electrical Artificer (Chief Electrical Engineer), contributing to his strong leadership, discipline, and operational excellence.

New Works Manager Profile

Mr. Sushant Gajanan Kumbhar is a qualified professional with extensive experience in facility management, MEP (Mechanical, Electrical & Plumbing) operations, and administration across residential, commercial, and corporate environments. He holds a B.Tech in Electrical Engineering and an MBA in Supply Chain Management/Business Administration, bringing strong technical and managerial expertise in handling large-scale facility operations.

Regulatory Compliance

The company fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointments were announced in compliance with SEBI Master Circular guidelines, ensuring transparency regarding senior management changes.

The seamless transition from departures on March 31, 2026, to new appointments on April 1, 2026, demonstrates the company's commitment to maintaining operational continuity and leadership stability.

Goldiam International has continued its retail expansion momentum by opening its 21st Origem store in Jodhpur, Rajasthan on March 25, 2026, specializing in lab-grown diamond jewellery. This latest development follows the recent opening of the 20th store in Hyderabad, demonstrating the company's accelerated retail expansion strategy.

Latest Store Opening Details

The company officially opened its 21st retail store for lab-grown diamond jewellery under the brand name "ORIGEM" to the public on March 25, 2026. The store is strategically located at K-mall in Jodhpur, marking the company's entry into the Rajasthan market.

Comprehensive Retail Network

With 21 operational stores, Goldiam International has built an extensive retail network across major Indian cities. The company's retail presence now spans Mumbai (multiple locations including Borivali West, Kharghar, Turner Road Bandra West, Mulund West, Airport Terminal T2, Andheri Link Road, Phoenix Palladium, R City Mall Ghatkopar), Bengaluru (multiple locations including Nexus Whitefield Mall, Nexus Koramangala Mall), Noida (Central 50, Wave One Mall), Chandigarh (Nexus Elante Mall), Delhi (Paschim Vihar), Kolkata (South City Mall), Chennai (Phoenix Marketcity Mall), Pune (Koregaon Park), Hyderabad (Kukatpally), and now Jodhpur.

Strategic Market Expansion

The rapid expansion from the 20th store in Hyderabad to the 21st store in Jodhpur on the same date reflects Goldiam International's aggressive retail expansion strategy. This development aligns with the company's long-term strategy of expanding its retail presence and strengthening customer engagement across key markets. The entry into Rajasthan represents a strategic move to tap into new regional markets and make lab-grown diamond jewellery more accessible to consumers across different geographical regions.

Retail Operations Update

The company has noted that its Borivali West store has been temporarily closed due to building redevelopment, with management evaluating relocation options including mall locations or other suitable venues that offer higher footfall. This demonstrates the company's focus on optimizing store locations for maximum customer reach and engagement.