Tribhovandas Bhimji Zaveri

Tribhovandas Bhimji Zaveri Ltd. (TBZ) is a noted Indian jeweller and jewellery retail chain based in India.[2] Established in 1864 (156 years ago) by Tribhovandas Bhimji Zaveri in Zaveri Bazaar, the jewellery district of Mumbai, it was subsequently headed by his son, Gopaldas Tribhovandas Zaveri, and now Shrikant Zaveri, is the present chairman and managing director of the group. The company today, has 37 showrooms in 23 cities across eleven states, including Mumbai, Surat, Kochi, Bhopal, Hyderabad, Kolkata, and Rajkot[3][4] The company proposed an Initial Public Offer (IPO) in July 2011.[5]

Tribhovandas Bhimji Zaveri Ltd.
SuccessorGopaldas Tribhovandas Zaveri
Founded1864
FounderTribhovandas Bhimji Zaveri
Headquarters,
India
Number of locations
37 (Dhanbad, Bhopal, Jamnagar, Raipur, Ahmedabad, Bhavnagar, Rajkot, Gandhidham, Surat, Vadodara, Vapi, Jamshedpur, Kochi, Indore, Aurangabad, Mumbai, Nagpur, Pune, Thane, Vasai, Vashi, Udaipur, Vijaywada, Hyderabad, Jamshedpur, Kolkata[1])
Key people
Shrikant Zaveri, Chairman & Managing Director
Productsjewellery
Revenue8.8 billion (US$100 million) (2010)[1]
Websitetbztheoriginal.com

In 2019, TBZ signed in Sara Ali Khan as their official brand ambassador.[6]

OverviewEdit

The company has 37 showrooms under "Tribhovandas Bhimji Zaveri" brand (32 company owned 5 franchise), for gold jewellery and diamond studded jewellery. Apart from that it has two designer boutiques under "Krsala", where its sells jadau and diamond-studded jewellery.[1] Its main showroom at Zaveri Bazaar in Mumbai is built across five floors and said to be the largest jewellery showroom in India.,[7] while its other Mumbai branches are in Opera House, Churchgate, Borivali, Ghatkopar, and Santacruz. It operates stores in Dhanbad, Hyderabad, Kolkata, Trivandrum, Vijayawada, Ahmedabad, Surat, Kochi, Indore, Thane, Raipur, Jamshedpur, Bhopal, Jamnagar, Aurangabad, and Udaipur.

Its manufacturing unit for diamond studded jewellery is located in Kandivli in Mumbai.[1]

HistoryEdit

In 1987, the shop was robbed by Mon Singh, along with 26 other so-called probationary CBI officers under the guise of RAW officers. The mysterious man remains unidentified, and the case remains unsolved until now.[8] A movie Special 26 has also been made on this incident which was released in 2013.[9]

In 2011, TBZ entered the men's jewellery segment, with its Gentlemen's Collection in gold and diamonds.[10] Previously in the January of the same year, it filed a draft red herring prospectus (DRHP) for an initial public offering with market regulator SEBI, to sell 16.66 million shares of Rs 10 each.[11]

See alsoEdit

ReferencesEdit

  1. ^ a b c d "Tribhovandas Bhimji Zaveri Limited Research" (PDF). CRISIL (Standard and Poor's). 12 July 2011.
  2. ^ Susan Stronge; Nima Poovaya-Smith; James C. Harle (1988). A Golden Treasury: jewellery from the Indian subcontinent. Rizzoli in association with the Victoria and Albert Museum and Grantha Corp. p. 118. ISBN 0-8478-1012-7.
  3. ^ "Tribhovandas Bhimji Zaveri opens new showroom at Rajkot". Business Standard. 28 July 2011.
  4. ^ "About us". Website.
  5. ^ "CRISIL assigns grade 3/5 to Tribhovandas Bhimji Zaveri IPO". Moneycontrol.com (CNBC-TV18). 13 July 2011.
  6. ^ "TBZ-The Original announces Sara Ali Khan as its official brand ambassador". news.franchiseindia.com. Retrieved 16 May 2020.
  7. ^ "Tribhovandas Bhimji Zaveri Review". Fodor's.
  8. ^ http://www.mid-day.com/news/2010/may/090510-tribhuvandas-bhimji-zaveri-robbery-1987-police-still-clueless.htm
  9. ^ "The Real 'Special 26' Is The Greatest Indian Robbery That Still Remains Unsolved". www.mensxp.com. Retrieved 15 May 2020.
  10. ^ "Jewellery retailer Tribhovandas Bhimji Zaveri enters men's jewellery". The Economic Times. 20 June 2011.
  11. ^ "Tribhovandas Bhimji files DRHP with Sebi". The Financial Express. 28 January 2011.

External linksEdit