Oman India Joint Investment Fund II has invested Rs 75 crores in Senco Gold Limited to support its growth and digital expansion in the Indian jewellery market.

Information on the Target

Senco Gold Limited is a prominent jewellery retailer operating throughout India, with its headquarters located in Kolkata. The company boasts an extensive network of 127 showrooms, making it the largest organised jewellery retail player in eastern India. For the fiscal year 2021, Senco Gold reported consolidated revenues of approximately Rs 2,675 crores, a testament to its strong market position and consumer trust.

The company has experienced significant growth since its inception over 50 years ago and has successfully maintained profitability through various market conditions. Notably, Senco Gold is also recognized for establishing a franchisee showroom network, which has contributed to its expansion and brand visibility across the country.

Industry Overview in India

The Indian jewellery market, valued at around $65 billion, represents a significant sector within the country’s economy. The market is characterized by a diverse range of offerings, including traditional and contemporar