Tribhovandas Bhimji Zaveri

Tribhovandas Bhimji Zaveri Ltd.
Successor Gopaldas Tribhovandas Zaveri
Founded 1864
Founder Tribhovandas Bhimji Zaveri
Headquarters Zaveri Bazaar, Mumbai, India
Number of locations
 30 ( Dhanbad, 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
Products jewellery
Revenue ₹8.8 billion (US$100 million) (2010)[1]
Website www.tbztheoriginal.com

Tribhovandas Bhimji Zaveri Ltd. (TBZ) is a noted Indian jeweller and jewellery retail chain based in India.[2] Established in 1864 (150 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 28 showrooms in 21 cities across eleven states, including Mumbai, Hyderabad, Kolkata and Rajkot[3][4] The company proposed an Initial Public Offer (IPO) in July 2011.[5]

Overview

The company has 30 showrooms under "Tribhovandas Bhimji Zaveri" brand (29 company owned 1 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.,[6] while its other Mumbai branches are in [Opera House], [Churchgate]], Borivali, Ghatkopar, and Santacruz. It operates stores in Dhanbad, Hyderabad, Kolkata, Vijayawada, Ahmedabad, Surat, Kochi, Indore, Thane, Raipur, Jamshedpur, and Udaipur.

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

In 2011, it entered the men's jewellery segment, with its Gentlemen's Collection in gold and diamonds.[7] 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.[8]

In 1987, the shop was robbed by a conman along with 28 other so-called probationary CBI officers under the guise of RAW officers. The mysterious man is unidentified and the case remains unsolved till now.[9] A movie Special 26 has also been made on this incident which was released in 2013.

Further classification of goodwill of Tribhovandas Bhimji Zaveri Group in jewellery industry

Over the years, members of subsequent generations of Zaveri family have opened their own jewellery outfits and chains. The brandname is mainly being used by three companies: 'TBZ and Sons, Opera House' headed by Pratap Zaveri, the eldest grandson of Mr. TBZ, 'TBZ Srikant Zaveri Group headed by Srikant Zaveri and TBZ Nirmal Zaveri Group, which has Samrat Zaveri, as its managing director and Nirmal Zaveri as its chairman.

The Nirmal Zaveri group started Trendsmith India Pvt Ltd, a branded retail chain of jewellery and lifestyle stores, around 2002, which sells jewellery from noted manufacturers and designers.[10][11] In a sister concern, Samrat Zaveri has started a luxury retail brand named Shaze which has opened a new direction in luxury gifting in India. Shaze is a premium lifestyle and gifting brand with a haven of outstanding products, each of which is perfect design. The brand specializes in leather ware, statement jewelry, lifestyle and baby products, silverware and an array of gifting options that are exotic and one-of-a-kind. Shaze offers cutting edge designs with supreme quality unlike any other lifestyle brand in the market. The brand is synonymous with personal expression.They partner with talents all over the world to create that unique and perfect merchandise. Being a one stop solution, Shaze delivers true value to their customers with unconventional yet relevant designs.[12] [13]

Gayathrie Zaveri based in Dubai sells across the Middle East under the label Zaveri's.[14]

Another store in Connaught Place, New Delhi on Janpath, opened in 1970. It is run by Kishorebhai Zaveri, part of the Zaveri family tree, and his three sons. It is now a separate company.[15]

References

  1. 1 2 3 4 "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. ↑ "Tribhovandas Bhimji Zaveri Review". Fodor's.
  7. ↑ "Jewellery retailer Tribhovandas Bhimji Zaveri enters men's jewellery". The Economic Times. 20 June 2011.
  8. ↑ "Tribhovandas Bhimji files DRHP with Sebi". The Financial Express. 28 January 2011.
  9. ↑ http://www.mid-day.com/news/2010/may/090510-tribhuvandas-bhimji-zaveri-robbery-1987-police-still-clueless.htm
  10. ↑ "Trendsmith plans 50 outlets in five years". Business Line. 8 October 2002.
  11. ↑ "Trendsmith To Expaghnd Outlets". ghFinancial Express. 30 August 2002.
  12. ↑ http://www.huffingtonpost.in/samrat-zaveri/
  13. ↑ "Bedazzled!". The Telegraph (Kolkata). 13 March 2004.
  14. ↑ "Vogue traders: Zaveri’s Jewellery by Gayathrie". Khaleej Times. 3 October 2011.
  15. ↑ "About us". Tribhovandas Bhimji Zaveri, Delhi.

External links

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