Kenrik Industries Expands into Jewelry Sector with 'Shivani Jewels' Launch in Ahmedabad

1 min read Updated on 30 Jul 2025, 03:13 PM

Reviewed by

Riya DScanX News Team

Overview

Kenrik Industries Limited has launched 'Shivani Jewels', a new unit for wholesale and retail jewelry trading in Ahmedabad, Gujarat. This strategic expansion aims to enhance business prospects and contribute to the company's overall growth. The new unit is located in Ahmedabad's jewelry market district, positioning the company to tap into the local and regional jewelry trade.

*this image is generated using AI for illustrative purposes only.

Kenrik Industries Limited has announced a strategic expansion into the jewelry sector with the launch of a new unit called 'Shivani Jewels'. The company has commenced operations for wholesale and retail jewelry trading, marking a significant step in diversifying its business portfolio.

New Unit Details

The newly established 'Shivani Jewels' unit is located at:

11-R B Chambers, 2nd Floor
Khetarpalpole, Manekchowk
Ahmedabad – 380001, Gujarat

This strategic location in the heart of Ahmedabad's jewelry market district positions Kenrik Industries to tap into the vibrant local and regional jewelry trade.

Strategic Expansion

Kenrik Industries Limited, in its official communication to the BSE, described this move as part of the company's strategic expansion into the jewelry segment. The management expects this new venture to:

Enhance business prospects
Contribute to the overall growth of the company

Company Background

Kenrik Industries Limited, with its registered office in Ahmedabad, Gujarat, is expanding its operational footprint. The company already maintains:

A factory at 468/6, Chatrabujdarshan Co Op Soc, Sankaoi Sheri, Opp B D College, Manek Chawk, Ahmedabad
A sales office at 171/FF/9, Bhawani Chambers, Hathi Khana, Ahmedabad

Management Statement

Nitin Dalpatlal Shah, the Managing Director of Kenrik Industries Limited, signed off on the official intimation to the BSE, underlining the importance of this expansion to the company's growth strategy.

Market Implications

While the financial impact of this new venture remains to be seen, the move into the jewelry sector represents a significant diversification for Kenrik Industries. The jewelry market in India is known for its robust demand and growth potential, which could provide new revenue streams for the company.

Investors and market watchers will likely keep a close eye on how this expansion unfolds and its impact on the company's future financial performance.

Historical Stock Returns for Kenrik Industries