Umesh Parekh

Shree Ganesh Jewellery to allot total 1.20 cr shares

The company has already allotted 12.80 lakh equity shares at Rs 125 each. These shares are being alloted to an address-based fund

RBI gold import curbs will tighten liquidity: Shree Ganesh

RBI curbs on gold imports are negative for the gems and jewellery industry, says Umesh Parekh, managing director, Shree Ganesh Jewellery House. Speaking to CNBC-TV18, he says exporters are bound to face liquidity issues with this move.

RBI puts more curbs on gold imports

The Reserve Bank of India (RBI) on Monday put further curbs on gold import mandating that banks and nominted agencies should retain 20 percent (or one fifth) of every lot of gold imports in the customs bonded warehouses. They will be able to import further gold only if they release the 75 percent of that stored gold for the purpose of exports.

Shree Ganesh Jewellery House eyes Rs 7500cr topline in FY12

In an interview with CNBC-TV18, Umesh Parekh, MD, Shree Ganesh Jewellery House Ltd, says this year’s top-line has reached Rs 5,200 crore. He further says, top-line would be around Rs 7,000-7,500 crore in FY12.

Shree Ganesh to pump USD 50-70m for overseas acquisitions

Umesh Parekh, MD, Shree Ganesh Jewellery House in an interview with CNBC-TV18 said that the company is looking to acquire chain of stores in UAE and USA.

Shree Ganesh Jewellery to add 30 stores next year

Umesh Parekh, MD of Shree Ganesh Jewellery, in an interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar, spoke about the recent happenings in his company and the road ahead.