Shree Mukt Jewellers opens 70K sq/feet showroom in Vadodara

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Press Trust of India Vadodara
Last Updated : Aug 16 2015 | 5:28 PM IST
City-based Shree Mukt Jewellers Baroda Private Ltd (SMJBPL) today opened a 70,000 sq feet showroom here and claimed it to be Asia's largest jewellery showroom.
Company managing director Harsh Soni told reporters at the launch at Baroda Productivity Road area with the launch of new showroom, the city will become a preferred jewellery shopping destination like Dubai and will be established as a prominent gold and jewellery hub.
He claimed that the showroom spread across 70,000 sq feet is the largest jewellery showroom in Asia.
Soni said a large number of their customers are NRIs who live in USA, UK, Canada, Dubai and visit their Alkapuri showroom to purchase jewellery worth Rs 200 crore annually. And the new showroom will facilitate the customers to make purchases due to their low labour charges and a wide range of gold and diamond jewellery.
SMJBPL was established in 1975 as a proprietorship firm and was converted into a Pvt ltd company in 2013.
Soni said the company's revenue have increased at a strong CAGR of 53 per cent over the last five years and has an annual turnover of Rs 600 crore.
He said the company also plans to open new showrooms in Surat, Rajkot and Ahmedabad.
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First Published: Aug 16 2015 | 5:28 PM IST