Thangamayil Jewellery Madurai profits jumps up 69 percent

As on date, the price of Gold has increased tremendously. In a day Rs.736 has increased for a sovereign.

Tamil Nadu-based Thangamayil Jewellery Ltd’s second quarter net profit has more than doubled to Rs 22.20 crore.

The Madurai-headquartered company has made a net profit of Rs 8.52 crore in the corresponding quarter last year.

According to company officials, for the quarter ended September 30, 2011, it has registered a growth of 69 per cent in its business.

The jewellery has 13 branches across the state.

Madurai, Rajapalayam, Dindigul, Karaikudi, Ramanathapuram, Theni, Sivakasi, Tuticorin, Salem, Thenkasi.

Thangamayil Jewellery opens a new showroom in Anna Nagar Madurai

Thangamayil Jewellery opens a new show room in Madurai Anna Nagar.

This has become a trend these days. If you have a shop or show room in the main Madurai town area around the temple and in the streets of Madurai Temple area, then now it is time for you to have an office outside the main congested traffic area.

Like where people are staying - like Anna Nagar, Bye-pass road NH-7, Thirunagar etc.,
Opening an outer showroom helps your sales a lot. See for example Saravana Stores has a store in Purasaivakkam, in addition to that of T.Nagar shops in Chennai. Same is applicable with GRT Jewellers - they have a shop in Anna Nagar Chennai as well, in addition to T.Nagar and other ones.

Even in Madurai, Naaihaa shop is there in Bye-pass road; Anantha and Anantha metal stores has a branch in Bye-pass road. In fact, Bye-pass road is picking up a lot in Madurai. OK, coming to the news, Thangamayil Jewellery has opened a show room in Anna Nagar, which is a great step towards more profit, more convenience for people etc.,

I guess, next they should be opening a show room in Bye-pass road as well. No Jewellers has moved out of their Jewellery street in Madurai. This is the first time and this is a new landmark for jewellery retail industry in Madurai.

This will change things more in Madurai, I believe in terms of Retail sales. BTW - Thangamayil Jewellery is a Public company -

Thangamayil Jewellery Ltd opened a new branch at Madurai, Annanagar on March 14, 2011 between 9.30 Am-10.30 Am.

The stock closed the day at Rs.167.05, down by Rs.6.35 or 3.66%. The stock hit an intraday high of Rs.176 and low of Rs.167.

The total traded quantity was 8412 compared to 2 week average of 7929.

Source: Equity Bulls

Madurai Jeweller - Thangamayil Jewellery/Jewellry going public - IPO

I am really glad to hear such news about a Madurai Gold Jewellery retailer.

YES!! Madurai based Gold Jewellery retailer, Thangamayil Jewellery is going public in market and issued IPO for almost rupees 29 crores.

It is one of the leading jewellery retailers in Madurai and trades in Gold Jewellery, Diamond and Platinum jewels. It has introduced the Hallmarking practice for the first time in Madurai.

For the year ended March 31, 2009, it has reported 10% jump in its net sales.

The price band for the issue has fixed at Rs 70-75 per equity share.

The company intends to use issue proceeds for expansion of existing business by establishing retail outlets at Tuticorin, Dindigul, Theni, Nagercoil, Tirunelveli, Kovilpatti and Sivakasi, and for renovation of the existing outlet at Madurai.

Considering the increase of Gold prices and profits these companies make - it is a good idea to think about these companies for investment. Disclaimer - I am NO financial adviser.

Aimpon Jewellery/Jewelry - Five Metals - Madurai Jewellery

Sponsored by SanaAntiques.com

My wife bought aimpon anklet from Madurai last time from a Madurai jewellery shop when we visited Madurai. Aimpon was very cheap and it was around Rs.200 to Rs.300 only approximately. It was completely gold in color, but it is not actually gold. It actually looked good. But, after couple of days of use - it lost its color and it is not even like the gold covering jewelry. The anklet became completely like dark copper metal now.

I became curious and was checking out what does this metal contain. Yes, as the name says - it is Five Metals composition. Gold, Silver, Copper, Brass and Here is the description -

ஐம்பொன (aimpon)

the five kinds of metals:

பொன் — gold
வெள்ளி — silver
செம்பு — copper
பித்தளை — brass
ஈயம் — lead

Sponsored by SanaAntiques.com

Buy Gold Bars/Gold Coins in Madurai: Jewellers, Jewellery

Why Buy Gold Bars in Madurai

Gold bars are a safe haven for asset protection as well as a good future investment. Basically the value of gold does not change with regard to the goods and services you can get with its value. And ounce of gold still purchases the same value of goods and services as it did many years ago. But the amount of fiat currency which the gold value is assessed by does change and, as the economy goes through recessions and inflation, the apparency is that gold is worth more when actually it is the currency which is worth less.

A good reason to buy gold bars and not sell them.

But if you do have to sell some gold, bars are good as they are accepted anywhere in the world.

Read this website for all about gold investment

Some jewellery shops in joy alukkas and madurai.