Bhima Jewellers
Indian jewelry company From Wikipedia, the free encyclopedia
Bhima Jewellers is a jewellery retail company based in India. It was established by Bhima Bhattar in the year 1925.[2] As of June 2023, the group has 116 jewellery shops[3] across South India and more than 7000 employees. Bhima Jewellers were the first jewellery store to introduce ready-made jewellery concept under the guidance of its founder Bhima Bhattar.[4]
| Company type | Private |
|---|---|
| Industry | Jewellers |
| Founded | 1925 |
| Founder | Bhima Bhattar |
| Headquarters | |
Number of locations | >116 |
Area served | |
| Products | Jewellery |
Number of employees | 7000 |
| Website | www |
Bhima has branches at United Arab Emirates, Chennai, Kottayam, Thirunelveli, Thiruvananthapuram, Kochi,[5] Kozhikode,[6] Bengaluru, Nagercoil and Madurai. After the death of founder Bhattar, the Bhima Group was managed by his five sons, Girirajan, Govindan, Krishnan, Bindumadhav and Lakshmikanthan, with each having separately managed headquarters and their own chain of branches.[7] In 2012, Bhima announced a 2-year plan to expand its jewellery network by investing ₹5,500 crore.[8]
With a turnover of ₹48,000 crore in 2022, it is considered one of the six firms that controlled India's gold.[9]
Products
Their major products include Exquisite Diamonds, Platinum,Traditional Kerala designs, Tamil Nadu designs, Contemporary Designs, Bengali heavy-weight designs, Nellore colour Stone studded jewellery, Karwar precious Stone studded jewellery, diamond,[10] platinum and silver jewellery.[11]
Awards
Bhima has been retaining its position of highest sales tax paying[12] jewellery showroom award in Kerala State for several years and also maintains top position[13] in the Grand Kerala Shopping Festival (GKSF),[14][15][16] conducted by the Government of Kerala.
Bhima Jewellery achieved record-breaking sales of over 250 kilograms of gold and 400 carats of diamonds in a single day across three showrooms in Thiruvananthapuram. The flagship showroom on MG Road alone accounted for 160 kilograms of gold and 320 carats of diamonds. These sales, achieved without any marketing activities, marked a Guinness World Record during Bhima's centenary celebrations.
Expansion Plan in Middle East
Bhima Jewellers, one of the oldest and family-run Indian jewellers, will raise Dh1 billion from high net worth individuals (HNWIs) and foreign institutional investors (FIIs) in the GCC and globally to fund its expansion plan across the Gulf region[17]
See also
References
External links
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