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Based on consensus from external analysts. Not Kvantra's opinion.

Tribhovandas Bhimji Zaveri Limited (TBZ) is an Indian jewelry firm engaged in the comprehensive process of designing, manufacturing, retailing, and selling a diverse range of ornaments, with its primary operations centered in India. The company's extensive collection includes items such as bangles, pendants, earrings, necklaces, bracelets, rings, and traditional mangalsutras. TBZ offers pieces crafted in various styles and materials, encompassing pure gold, diamond-studded creations, jewelry adorned with precious and semi-precious stones, and both unadorned and diamond-set platinum. Their selection also features lightweight and contemporary designs, gold jewelry with vibrant colored stones, as well as individual loose diamonds, solitaires, loose precious and semi-precious gemstones, and intricate jadau jewelry. As of March 31, 2022, Tribhovandas Bhimji Zaveri Limited maintained a significant retail footprint, operating twenty-eight company-owned stores and three franchised locations across twenty-five cities in twelve Indian states. This well-established enterprise, headquartered in Mumbai, India, traces its origins back to 1864.

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