Sky Gold Acquires Purvi Gems for ₹9 Cr
Sky Gold & Diamonds Ltd. has completed the acquisition of 100% equity shares of Purvi Gems & Jewellery (India) Private Limited for a cash consideration of ₹9 crores. This acquisition, valued at 1.5x Purvi Gems' book value as of March 31, 2026, is expected to drive growth, achieve scale, and diversify Sky Gold's product offerings. Purvi Gems specializes in lightweight and uncut jewellery, a segment expected to enhance Sky Gold's presence in domestic and export markets, particularly the Middle East. The acquisition is projected to unlock cross-selling opportunities and contribute to an annual revenue of ₹1,600-1,800 crore over the next two to three years. The management of Purvi Gems will continue to oversee operations, ensuring a smooth integration and continuity.
Key Highlights
- Sky Gold acquires Purvi Gems for ₹9 Cr, expanding into lightweight and studded jewellery.
- Acquisition aims to accelerate growth, enhance product diversification, and strengthen market presence.
- Expected to boost exports and cater to evolving customer preferences in high-margin segments.
- Purvi Gems is projected to generate ₹1,600-1,800 crore in annual revenue within 2-3 years.
Price Impact
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