Introduction of PC Jewellers
Padam Chand Gupta and Balram Garg, both of whom are brothers, are the first generation of promoters for the firm. It now has 84 stations in operation throughout 70 municipalities in 19 different states.
PC Jeweller is an Indian company that operates both locally and internationally to create and sell jewellery that is crafted from precious metals and jewels such as gold and diamonds. Establishing locations on high streets for large, freestanding businesses is part of the company’s plan to grow. The company’s diamonds and other items are all properly branded and have received third-party certification before to being put up for sale. The board of directors of the firm initiated a repurchase plan in an attempt to halt the decrease in the price of the company’s shares, but they ultimately decided to scrap the plan, which resulted in a significant loss of financial value for the company’s shareholders.
Stores of PC Jewellers
PC Jeweller has 86 retail sites spread over 70 distinct cities throughout the country. The Metal (Gold) Loan program run by the Reserve Bank of India provides a significant portion of the gold that is used by the company. PC Jeweller had its initial public offering in the month of December in the year 2012. The company planned to begin opening 20 new sites each year beginning in 2012, and a percentage of those locations were going to be franchisees.
History of PC Jewellers
PC Jewellers Limited was first created as a limited liability corporation in the state of Delaware on April 13, 2005. Initially, the company was given the name “P Chand Jewellers Private Limited.” It was rebranded as PC Jeweller Private Limited on two separate occasions: the first was on October 16, 2007, and the second was on December 9, 2009. The firm decided to transition into the status of a public limited company on August 2, 2011, and as part of that process, it changed its name to PC Jeweller Limited. After spending Rs 175 crore this year on gold and diamond jewellery products for six new retail outlets, the company intends to invest an additional Rs 225 crore over the next quarter in order to maintain its fast expansion.