Company Profile For Gitanjali Gems Limited

Gitanjali Gems Limited is an integrated diamond and jewelry retailing and manufacturing company in India. Its business portfolio includes rough diamond sourcing, cutting, polishing, jewelry manufacture and distribution to jewelry branding and retail. Its brands include Gili, Nakshatra, Asmi, Sangini, D’damas, Vivaaha and Giantti among others. It has two segments: diamond and jewelry. In the diamond segment, it engages in an end-to-end diamond processing chain which begins with marking, cleaving, sawing, cutting and finally, polishing. In the jewelry segment, process for the manufacturing of diamond studded and other jewelry flows from designing, model and mould making, waxing and wax setting, casting, sprue binding, filling, polishing, metal setting and rodium polish. During the year ended March 31, 2009, it acquired Gitanjali Exports Corp Ltd., Fantasy Diamond Cuts Pvt. Ltd. and CRIA Jewellery Pvt. Ltd. In October 2009, it acquired additional shares in Spectrum Jewellery Pvt Ltd.

BRIEF: For the six months ended 30 September 2009, Gitanjali Gems Ltd's revenues increased 24% to RS31.11B. Net income increased 9% to RS981.9M. Revenues reflects increased income from Diamond and Jeweler business segments. Net income was partially offset by a decrease in other income, a rise in interest expenses net and an increase in income tax expenses. The Company is an integrated diamond and jewelry manufacturer and retailer in India.

Gitanjali Gems Limited
801/802 Prasad Chambers
Opera House,
Mumbai     400 004
P: +9122.23630272
F: +9122.23630363

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