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Tribhovandas Bhimji Zaveri > Company History > Diamond Cutting & Jewellery & Precious Metals > Company History of Tribhovandas Bhimji Zaveri - BSE: 534369, NSE: TBZ
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Tribhovandas Bhimji Zaveri

BSE: 534369|NSE: TBZ|ISIN: INE760L01018|SECTOR: Diamond Cutting & Jewellery & Precious Metals
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Company History - Tribhovandas Bhimji Zaveri
The business of the Company was carried on as a partnership between
 Tribhovandas Bhimji Zaveri and others and the first partnership deed
 was entered into on January 3, 1949. The business of the partnership
 was predominantly of goldsmiths and jewellers under the name of M/s
 Tribhovandas Bhimji Zaveri. The partnership was reconstituted at
 several points of time owing to the induction of new partners and
 retirement of existing partners.
 
 The partners retired through deeds of retirement which detail the
 division of the assets and liabilities between the retiring partners
 and the continuing partners. By the deeds of retirement, certain of
 these retiring partners have the right to use the brand name
 Tribhovandas Bhimji Zaveri with the modifications through prefixes
 and suffixes specified in the respective deeds. Two of the retiring
 partners have the right to use the brand name Tribhovandas Bhimji
 Zaveri with or without such modifications. In addition, one retiring
 partner has such right only outside
 India. Consequently, these retiring partners and their heirs use the
 name Tribhovandas Bhimji Zaveri with prefix or suffix as a part of
 their trade name or corporate name.
 
 Pursuant to the deeds of retirement, the continuing partners entered
 into deeds of reconstitution in which they restated the existing
 assets and liabilities of the business. The rights and liabilities of
 the partners as under the new partnership deed are mentioned including
 the division of profits and the management of the partnership.
 Consequent to the retirement of several partners and family
 settlement arrangements, from the year 1991, the partnership
 consisted of Gopaldas Tribhovandas Zaveri, Nirmal Gopaldas Zaveri and
 Shrikant Gopaldas Zaveri. Gopaldas HUF and Nirmal Zaveri HUF were
 inducted as partners by the deed of partnership dated March 3,
 1998.By the deed of retirement dated December 11, 2000, Nirmal
 Gopaldas Zaveri, Samrat Nirmal Zaveri, NirmalGopaldas Zaveri HUF and
 Gopaldas Tribhovandas Zaveri HUF retired from the partnership.
 
 From 2000 until 2007, the partnership consisted of Kamlaben Gopaldas
 Zaveri, Shrikant Gopaldas Zaveri, Binaisha Shrikant Zaveri, Raashi
 Shrikant Zaveri and Bindu Shrikant Zaveri. The partnership as last
 reconstituted through a deed of reconstitution dated February 1,
 2007. The members of the partnership, for the sake of better and
 effective management and to improve and advance the business,
 unanimously, by a resolution dated February 2, 2007, agreed to
 register the partnership as a company under Part IX of the Companies
 Act. The partners at the time of conversion of the partnership to a
 company were Shrikant Gopaldas Zaveri, Bindu Shrikant Zaveri,
 Binaisha Shrikant Zaveri, Raashi Shrikant Zaveri, Tribhovandas Bhimji
 Zaveri Jewellers (Mumbai) Private Limited, Tribhovandas Bhimji Zaveri
 (TBZ) Private Limited and Super Traditional Metal Crafts (Bombay)
 Private Limited.
 
 Pursuant to conversion of the partnership to a private limited
 company under part IX of the Companies Act, the Company received a
 certificate of incorporation dated July 24, 2007 from the RoC and the
 partners at the time of conversion became members of the Company.
 Further, pursuant to conversion to a public limited company, the
 Company received a certificate of incorporation consequent to change
 of name to Tribhovandas Bhimji Zaveri Limited dated December 3, 2010
 from the RoC. 
 
 
 Major events of the Company
 
 
 1938 
 First jewellery house to offer buy back guarantee for jewellery
 purchased
 
 1995
 First jewellery house to launch light weight jewellery
 
 2001
 Division of business pursuant to deed of dissolution dated October 1,
 2000
 
 Opening of second showroom at Hyderabad
 
 Introduced independent administration of each showroom by
 professionals
 
 2004
 Commenced retailing 100% pre-hallmarked jewellery
 
 2007
 Converted from the business from a partnership firm to a private
 limited company
 
 2008
 Opened seven additional stores in a period of 15 months starting from
 August 2007 to October 2008
 
 Retail footprint of the Company exceeded 42,000 sq. ft. across 13
 cities
 
 2009
 Gross revenue on a standalone basis crossed ` 5,000 million in Fiscal
 2009
 
 The company got its new brand identity.
 
 2010
 Corporate office established at Mumbai
 
 The Company reached out to national and global audience by the medium
 of television
 
 2011
 Volume of sales surpassed 4.11 tonnes of gold jewellery and 51995
 carats of diamond-studded jewellery in
 Fiscal 2011
 
 Expansion of manufacturing unit situated at Kandivali, Mumbai
 
 
 Awards and Recognition
 
 1978 Award for outstanding export performance in sales to foreign
 tourists granted by Export Promotion Council
 
 2003 Award of appreciation for participating in the Times Mumbai Gold
 Festival
 
 2004 DTC Diamond Season - Best Showroom
 
 2005 Award of appreciation for participation in Abha Exhibition
 conducted by the Jewellery, Machinery and
 Accessories Association, Mumbai
 
 2005 DTC Diamond Season - Best Diamond Moments to the Ghatkopar
 showroom of the Company
 
 2005 DTC Diamond Season - Best Showroom to the Hyderabad showroom of
 the Company
 
 2006 Appreciation memento by Mumbai Textile Merchants Mahajan at
 Textile Festival 2006
 
 2006 DTC Diamond Season - Best Showroom to the Ghatkopar showroom of
 the Company
 
 2007 Jamnalal Bajaj Uchit Vyavahar Puraskar for customer fair
 business practice
 
 2007 DTC Diamond Season - Best Collection
 
 2007 DTC Diamond Season - Best Innovation
 
 2007 JJS Gold Souk Award for contribution to gems and jewellery
 
 2007 Best Store (Customer Interaction) - Regional Winner awarded by
 Platinum Guild International
 
 2007 Readers Digest Most Trusted Brand Asia for Jewellery Shop
 
 2008 Award of appreciation by Madison
 
 2010 Retail Jewellers India Awards - Gold Vivah Jewellery of the
 Year
 
 2011 Retail Jewellers India Awards - TV Campaign of the Year
 
 2011 IJ Jewellers Choice Awards - Best Necklace Design
 
 2011 IJ Jewellers Choice Awards - Best Bridal Design
 
 2011 IJ Jewellers Choice Awards - Kundan Meena Jewellery Award
 
 2012 National Jewellery Award - Best Advertising Campaign of the Year
 (Print)
 
 2012 Asia Retail Congress Awards in two categories - i. Best
 Impactful Retail Design and Visual Merchandising and ii. Innovative
 Retail Concept of the Year
 
 2013
 
 -  Tribhovandas Bhimji Zaveri Limited honoured with prestigious
 MACCIA Award 2013 for Excellence in Entrepreneurship - Gems &
 Jewellery category.
 
 - The Company has won following three prestigious awards by the
 Indian Jewellers (IJ) Awards for the year 2013 which is held in
 Jaipur (Rajasthan).
 
 2014
 
 -  TBZ - The Original bags Three Jaipur Jewellery Show - Indian
 Jeweller Jewellers Choice Design Awards.
 
 - Tribhovandas Bhimji Zaveri Ltd. honoured with Two Awards at the
 prestigious IJ Jewellers' Choice Design Awards 2014.
 
 2015
 -Tribhovandas Bhimji Zaveri Ltd. now announces TBZ Franchising
 Opportunity.
 - Tribhovandas Bhimji Zaveri Ltd. honored with 'Best Jewellery
 Company' award at the second GJTCI Excellence Awards.
 -Tribhovandas Bhimji Zaveri Limited crowned as one of the Asia's Most
 Promising Brands by World Consulting & Research Corporation (WCRC).
 
 2016
 -Tribhovandas Bhimji Zaveri bags Best Necklace Design award at the
 JJS-IJ Jewellers' Choice Design Awards 2015
 -TBZ signs its 4th franchise agreement for its upcoming store in
 Patna, Bihar. 
 -Tribhovandas Bhimji Zaveri announces opening of its Second
 Franchisee Store
 -TBZ -The Original wins two awards at the 12th Gemfields Retail
 Jeweller India Awards 2016 - 1) TV Campaign of the year & 2) Diamond
 Jewellery of the year.
Source : Dion Global Solutions Limited
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