#Santosh Srivastava Gitanjali Jewellers

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IJM

With a vision of revolutionizing the jewelry trade by making excellence across the worth chain, Santosh Srivastava the Chairman and manager of jewelry And lifestyle mart India Pvt Ltd (JLMI), believes in making sturdy win-win relationships with shoppers, suppliers and team members.

Mr. Santosh Srivastava is additionally the Chairman and manager of Saanvi Jewels. he’s also ex MD of Gitanjali Jewellers. Mr. Santosh Srivastava aims to be the pioneer and largest network of co branded jeweller stores by formation and fostering a hit partnership across value chain.

JLMI brings you a unique jewelry market place initiative, that is that the India Jewels mart application. India Jewels mart (IJM) focuses on seamlessly linking traditional jewelry markets with jewelry retailers across India, in order that inventory isn’t any longer a constraint to extend sales. It conjointly allows jewellers to require the tailor-made orders from their customers before placing orders with the makers.

IJM Application

India Jewels mart (IJM) is a jewelry business application for retailers. it has thousands of jewelry styles in order that the jewellers will build the inventory with ease. IJM is a pioneer within the digital distribution of jewelry.

The fundamental plan behind India Jewels mart is to bring the facility of innovation to thousands of jewellers across India and facilitate them get access to large quantity of jewelry styles, customization choices and change them to supply product, whereas sitting at their stores, at Zaveri Bazaar prices.

Benefits of IJM Application

With the facility of IJM application,

Jewellers will access a large quantity of inventory without fear concerning the rising inventory prices.

Jewellers will get purity; variety and customization only with IJM app.

Jewellers will become a retail partner with the IJM app and customise jewelry in line with their desires.

Features of IJM Application

The unique and innovative features of the IJM app are as follows

The IJM application will have a huge catalogue of jewelry.

Jewellers are going to be ready to showcase variety to customers and take orders in line with the customer’s requirements.

Jewellers will enlist themselves as IJM retail partners.

Jewellers will customise jewelry in line with customer’s desires with the assistance of IJM app.

Advantages of IJM application

India Jewels mart adds varied advantages like additional sales financial gain, greater client trust on the merchandise, risk sharing, sharing the good will of brand name equity, technological advantages, effective utilization of resources & time.

Revolutionizing the jewelry Business

IJM application is an innovative conception to push ethical business practices and nurturing relationships with all business and brand partners. Mr. Santosh Srivastava’s intention is to expand to each nook and corner of the country together with his concepts of trust, transparency and value creation.

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How to accessorize with jewellery

Looking flawless and pro while wearing a jewellery is not tough at all. You just have to carry yourself in such a way that people will start noticing and will appreciate your fashion sense. Generally people tend to believe that you have to have something in your D.N.A to look effortlessly cool, we quite disagree with the statement as it has nothing to do with genetics, bloodline etc., just you have to stick with the basics and then you will see the difference in your personality.

We are sharing some of the tricks and tips which will help you get in line with the fashion industry.

Mingle your jewelleries well

Most people confined themselves by wearing only one type of metal. However mixing up your jewelleries will makes it more bonny. Also some designs are better in both so you can use the metal as a color that shows the design better. For eg. Gold chain and silver bracelet is a deadly combination. Keep pairing it with other jewelleries but make sure that it doesn’t look weird.

Each piece is matched up well with your facial features and body length

The success of every outfit is proportional to how well your jewellery is tuned with your facial and body features. Pay attention to the size of the necklace, don’t wear large faux diamond stud earrings it is so overrated. Make sure the cuff you are wearing its width does not visually shorten the length of your arm.

Appropriate piece on occasion

Trends keeps on changing with times. Today’s fad will no longer be a trend in future so you have to constantly upgrade your fashion sense. For instance a sophisticated crystal necklace may be the ideal necessary for the day full of meetings but wearing it in some small get together is not a great idea. Its important to note the vibe of your jewellery.

Versatility is necessary

The whole point of the accessories is to add additional interest to an outfit. A great jewellery is one which complements your outfit which increases your aura four fold. Each jewellery piece has its own versatility, try to utilize it . Wearing a jewellery which matches with your outfit adds additional value to your overall personality.

Follow these above given steps and wear your jewellery like a pro. Also, want to buy ever lasting jewelleries then check out Santosh Srivastava Gitanjali Group.

Hope the article was helpful.

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IJM

With a vision of revolutionizing the jewelry trade by creating excellence across the value chain, Santosh Srivastava the Chairman and Managing Director of Jewellery And Lifestyle Mart India Pvt Ltd (JLMI), believes in creating strong win-win relationships with clients, suppliers and team members.

Mr. Santosh Srivastava is also the Chairman and Managing Director of Saanvi Jewels. He is also ex MD of Gitanjali Jewellers. Mr. Santosh Srivastava aims to be the pioneer and largest network of co-branded jeweler stores by forging and fostering a successful partnership across the value chain.

JLMI brings you a unique jewelry marketplace initiative, which is the India Jewels Mart application. India Jewels Mart (IJM) focuses on seamlessly linking traditional jewelry markets with jewelry retailers across India so that inventory is no longer a constraint to increase sales. It also enables jewelers to take the customized orders from their customers before placing orders with the manufacturers.

IJM Application

India Jewels Mart (IJM) is a jewelry business application for retailers. It has thousands of jewelry designs so that the jewelers can build the inventory with ease. IJM is a pioneer in the digital distribution of jewelry.

The fundamental idea behind India Jewels Mart is to bring the power of innovation to thousands of jewelers across India and help them get access to huge amount of jewelry designs, customization options and enable them to source products, while sitting at their stores, at Zaveri Bazaar prices.

Benefits of IJM Application

With the power of IJM application,

Jewellers can access a huge amount of inventory without worrying about the rising inventory costs.

Jewellers can get purity; variety and customization only with IJM app.

Jewellers can become a retail partner with the IJM app and customize jewelry according to their needs.

Features of IJM Application

The unique and innovative features of the IJM app are as follows

The IJM application will have a huge catalog of jewelry.

Jewellers will be able to showcase variety to customers and take orders according to the customer’s requirements.

Jewellers can enlist themselves as IJM retail partners.

Jewellers can customize jewelry according to customer’s needs with the help of IJM app.

Advantages of IJM application

India Jewels Mart adds various advantages like more sales income, greater customer trust on the product, risk sharing, sharing the goodwill of brand equity, technological benefits, effective utilization of resources & time.

Revolutionizing the Jewellery Business

IJM application is an innovative concept to promote ethical business practices and nurturing relationships with all business and brand partners. Mr. Santosh Srivastava’s intention is to expand to every nook and corner of the country with his ideas of trust, transparency and value creation.

[santoshsrivastavasaanvijewe-blog]

Gitanjali to double retail store presence

Gitanjali Jewellery Retail, a unit of the Rs 7,000-crore jewelry maker and exporter Gitanjali Group, is planning to more than double the number of its branded jewelry retail stores across the country by the end of the 2012 calendar, according to managing director Santosh Srivastava.“We currently have 70 outlets pan-India, of which 90 percent are franchisee-run and the rest company-owned. Our idea is to have 150 stores with a carpet area of 2,500-4,000 ft, each with an investment of Rs 10 crore to Rs 12 crore, by the end of 2012,” he told Business Standard, after launching the company’s second showroom in Hyderabad on Sunday. The existing outlets manage jewelry and precious stones’ inventory of Rs 700 crore, which would touch Rs 2,500 crore posts the expansion, Santosh Srivastava Gitanjali Group said, adding the company was embarking on an aggressive expansion to increase its presence in Andhra Pradesh. “The demand for branded gold and stone-studded jewelry is picking up as people are seeing the precious yellow metal not only as a style statement but also as investment and gifting options. At present, we have four stores in Andhra Pradesh – two in Hyderabad and one each at Visakhapatnam and Guntur. We will be opening three more in Hyderabad and 15 across the state in the next one year,” he said.

According to Srivastava, the gold jewelry retailing market in India is currently pegged at Rs 1.5 lakh crore and growing at a compound annual growth rate (CAGR) of eight percent. Of this, the organized sector accounted for eight percent, growing at a 25 percent CAGR. “With the influx of more domestic and international brands, organized jewelry retail will occupy 25-30 percent of the market by 2015,” he said. Santosh Srivastava saanvi jewels said unlike other retail formats, which took long gestation periods to break even, jewelry retailing took three-four months to achieve operational break even, with the payback period being between 30 and 36 months. “At present, retail operations contribute 50 percent to the group’s turnover. We expect this to account for two-thirds in the next two years once we have all our expansion plans in place – including taking the number of single-branded stores across the country from the present 125 to 300 – in the next two years,” he said. Srivastava said the company was currently piloting its new lifestyle format in New Delhi, Mumbai and Gurgaon with seven stores, which will offer not just jewelry but also watches, designer wear, pens, and bags. “The new format will target the niche segment,” he said while refusing to comment further.

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Gitanjali plans 100 multibrand stores by fiscal end

Gitanjali Jewels today opened its largest multi-brand jewellery showroom in Hyderabad, its 13th in South India. Santosh Srivastava Saanvi Jewels, With this, the company has 75 large format stores in the country and it plans to increase the same to 100 by the end of this financial year. Part of the Rs. 12,000-crore revenue Gitanjali Group, Gitanjali Jewels has partnered Doshi Gems & Jewels to set up a destination store spread over 12,000 sq.ft of retail space. Mr Santosh Srivastava, Managing Director of Gitanjali Jewellery Retail Ltd, said: “There is a growing demand for branded jewellery among the consumers today and the trend is swiftly picking up in the South. With our biggest showroom in Hyderabad, we will be able to serve the discerning customer offering them value-added services and schemes such as Tamanna and Swarna Mangal Labh.’’ Gitanjali showroom has jewellery priced from Rs. 3,000 to Rs. 1 crore. As part of its expansion plans, the company is in the process of augmenting additional capacities at its existing plants, while also finalising plans for another manufacturing unit in Jaipur.

Santosh Srivastava Gitanjali Group, pursued his Engineering from IIT- BHU and MBA in Marketing and Operations from Xavier Institute of Management Bhubaneshwar. His career took a dramatic turn when he quit the well-established Tata Group and joined a lesser known Gitanjali Group in 2006. While working as the Brand Head of Retail and Modern Business with the Gitanjali Group, which had all the leading jewellery brands under its aegis, Srivastava came up with the idea of Gitanjali Jewels. The first Gitanjali Jewels store was launched in January 2007 by Santosh Srivastava Gitanjali Jewellers, and there has been no looking back for Srivastava since then. Today, the brand has grown extensively with more than 70 stores all over India spread across 40 cities and is growing two-fold year-on-year.

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How to remove tarnish from jewellery at home

When we say jewellery is forever, we generally mean it. Your diamanté becomes an crucial part of your identity when you wear it in party, family occasions and many such events. However when this invigorating gemstones lightly get tarnished due to some unrelated circumstances then our heart skips a beat. Your gemstone shinning quality makes it one of the most precious thing in the world and when it corrodes then it looses its charm.

However you don’t need any fancy products to keep your jewellery gleaming. Try these everyday items and most of these you will probably already have in the house.

Aluminium foil

To clean your jewellery just follow this steps with the use of aluminium foil and laundry detergent(dry). Fill the bowl with hot water and mix in one or maximum two spoons of laundry detergent, lets say tide. Put the jewellery in the solution and let it soak for one minute . Rinse well and air dry. You will be amazed to see the results after this process.

Baking soda

When the tarnish is built up around your jewellery its pretty hard to remove it but with the help of baking soda even the thick lone of tarnish can be removed. Make a thick paste of ¼ cup of baking soda and two tablespoon water. Now apply the paste with a damp sponge and gently rub, rinse and buff dry.

Beer

Get your shine back by pouring a bit of beer onto a soft cloth and rubbing it gently over the piece. Your jewellery will regain its glory. Cheers for the booze lovers( pun intended).

Toothpaste

No one could have imagined that a toothpaste kept in your wash room will eradicate the tarnishing surface from your jewellery. Just put a little toothpaste on your old toothbrush and gently rub tit over your jewellery. Clean the residue with the damp cloth.

Keep you jewellery safe and shinning by following the above steps. Also, check out some fine crafted jewelleries in Santosh Srivastava Gitanjali Group.

Hope the article was helpful.

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All you need to know about tax on gold and jewellery

Amendments in the I.T laws 2016 has changed the whole taxation system of the country. The most promising thing done by the government is slightly tweaking the tax laws on gold. The government has recently passed the bill which states that any disclosure of gold through legal means or exempted income sources such as agriculture or household savings will not levy any kind of tax. However, if a person fails to prove that the gold has been amassed through legal means then he/she is liable to pay hefty amount as a penalty to the authorities which can be up to 85 percent.

A kind of scuttlebutt was there in the whole country that government is planning to introduce a provision in the law which will cover jewellery as an taxable item. But the government has completely denied it and clarified that they are not willing to propose any such provision, as jewelries are significant part of Indian culture which even the government don’t want to want to tax. As it will create uproar against the incumbent.

Some of the basic things you should know about tax on gold are given below

Wealth tax

Gold and silver comes under the definition of wealth. If wealth exceeds more than Rs. 30 lakhs then 1% of wealth tax is to be paid. So if the valuation of the gold is above 5 lakh rupees then it comes underneath the wealth tax. Also, if somebody didn’t paid wealth tax on gold and if there is raid from income tax department then the authority has a right to seize up to 500 grams of gold . Therefore, it is always said that the wealth taxpayers must regularly file the wealth tax returns.

V.A.T

1% VAT is charged on the purchase and sale of gold that is carried out in cash in Maharashtra state. Because government discourages cash transaction as it is not good for our economy.

Capital gains

Gold ETF (Exchange traded funds) can be carried out in the stock markets. This reduces the risk of handling gold. If gold is sold after 12 months from its date of purchase then long term capital gain is charged at 15% on the profit. If it is sold within 12 months then the short term capital gain is levied at 10% of the profit.

No tax on gold

As per the Hindu code bill gold is tax free when a women receive it as a gift. Keep the record with you if you have receive it as a gift at your wedding just to avoid confusing the tax officials.

Also, at Santosh Srivastava Gitanjali Group you will get top end quality of gold and jewellery items. Do check it out.

Hope this was helpful.

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Best time to buy a gold

This question always keeps the general masses in dilemma. Gold is termed as a long time investment and is very much volatile which carriers a kind of stigma attached to it like as most people are afraid that once they will purchase it, then the price will drop right afterward.

I will shed some light on which time of the year is most suitable for purchasing the gold. Most of us are aware that summer is a typical weak period for many investments, vacations abroad etc. We mean to say that largely markets are neglected during this time. For precious metals market such as in India the demand becomes quite low, this led to steep prices. So precisely speaking as you don’t really see some exciting price over the summer, so on the way around this is the best time to buy gold.

Best time to buy gold is in June or July

As the famous saying goes “if markets are into their relaxing mode then its the perfect time to throw your dice”. Month of June and July are considered as the holiday months, which indeed puts the market into the deep nap mode. This is the time when you can make your move by purchasing the gold at a very low rate and come out with profit.

Long term upward trend

When looking to buy a gold it is important to recognize that gold is on long term upward trend where prices has been increasing month on month for years. When you buy gold don’t be in a hurry, just make yourself understand the situation, if the gold prices take a dig at 5 percent it’s not a new phenomena as most of the time its prices keeps on fluctuating. And as we have already stated above, gold is along term investment don’t ever think of selling it in a very short amount of time.

Buy gold during uncertain times

I know this advice sounds bizarre, but its hundred percent proven that during uncertain times the gold outshines the market. When stocks are under performing then the price of gold and silver will rise as it is believed that many prominent investors and companies use gold as an insurance policy to cover these losses accumulated elsewhere.

Watch out for gold price

This is the most important thing to be done as you should keenly watch every single moment of gold that is every single fluctuation. Gold price are so dodgy that they change in every two minutes. The game of rise and deep keeps on running in the gold market however you just hope that the rise are larger then the dips as it will eventually benefit you.

Finally keep your eyes, ears and nose open if you are investing in gold,do a thorough research , watch out the latest news, trends etc. Lastly, don’t worry about the fluctuations just keep yourself calm and composed and focus on long term benefits of your gold investment. Also check out Santosh Srivastava Saanvi Jewels for beautiful and trending pieces of jewelries.

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Tips for traveling with jewellery

Jewellery an invigorating element worn by millions of people worldwide. However,only few really know how to care for these precious metal. Especially if you are traveling while carrying your jewellery.

What to bring and what to leave at home- Vacations are meant to give you a break from the routine life worries,its a start of your leisure time so treat it like this only. Most people,don’t pay heed to this advice they are not able to distinguish what’s necessary and what is irrelevant. It is always advisable to keep minimum number of jewelries however make sure its trendy and flashy just to keep your friends traveling with you envy.

Make a list of your jewellery- Make a list of all the jewelries you want to take along with you.Make two copies of the list and one you can keep with you and second you can leave at home this way you will be able to keep a track on your jewelries. Also take pictures of your jewellery.

Be in contact with your travel insurer- Apprise your travel insurance company beforehand about your travel details. Travelers let their credit card companies know when they are traveling and you should do the same when bringing jewellery.

Safely store your jewellery- Your precious brooch should be kept and stored in a proper box. Never keep your gem here and there lying,as its vulnerable to scratches that can damage your jewellery. Most, jewellery come along with their box which is a perfect place to keep your sparkling gemstone.

Jewellery is an intimate and one of the most cherished accessories. To take care of this exquisite metal follow the above steps. With little more care your jewellery will retain its beauty in another generations to come. Also, at Santosh Srivastava Saanvi Jewels,fine jewellery is crafted to last a lifetime. Do check this out and buy enchanting, wonderful heirlooms.

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Gitanjali to double retail store presence

Gitanjali Jewellery Retail, a unit of the Rs 7,000-crore jewellery maker and exporter Gitanjali Group, is planning to more than double the number of its branded jewellery retail stores across the country by the end of the 2012 calendar, according to managing director Santosh Srivastava.

“We currently have 70 outlets pan-India, of which 90 per cent are franchisee-run and the rest company-owned. Our idea is to have 150 stores with a carpet area of 2,500-4,000 sft, each with an investment of Rs 10 crore to Rs 12 crore, by the end of 2012,” he told Business Standard, after launching the company’s second showroom in Hyderabad on Sunday.

The existing outlets manage jewellery and precious stones’ inventory of Rs 700 crore, which would touch Rs 2,500 crore post the expansion, Srivastava said, adding the company was embarking on an aggressive expansion to increase its presence in Andhra Pradesh.

“The demand for branded gold and stone-studded jewellery is picking up as people are seeing the precious yellow metal not only as a style statement but also as investment and gifting options. At present, we have four stores in Andhra Pradesh – two in Hyderabad and one each at Visakhapatnam and Guntur. We will be opening three more in Hyderabad and 15 across the state in the next one year,” he said.

According to Srivastava, the gold jewellery retailing market in India is currently pegged at Rs 1.5 lakh crore, and growing at a compound annual growth rate (CAGR) of eight per cent. Of this, the organised sector accounted for eight per cent, growing at a 25 per cent CAGR. “With the influx of more domestic and international brands, organised jewellery retail will occupy 25-30 per cent of the market by 2015,” he said.

Srivastava said unlike other retail formats, which took long gestation periods to break even, jewellery retailing took three-four months to achieve operational break even, with the payback period being between 30 and 36 months.

“At present, retail operations contribute 50 per cent to the group’s turnover. We expect this to account for two-third in the next two years once we have all our expansion plans in place – including taking the number of single-branded stores across the country from the present 125 to 300 – in the next two years,” he said.

Srivastava said the company was currently piloting its new lifestyle format in New Delhi, Mumbai and Gurgaon with seven stores, which will offer not just jewellery but also watches, designerwear, pens and bags.

“The new format will target the niche segment,” he said, while refusing to comment further.

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Gitanjali Group targets Rs 200 crore business during festival period

Gitanjali Group, a leading group in branded jewellery segment, aims at Rs 200-crore business during the one month long festival period starting October 5 and culminating with Dhanteras and Diwali this week.

Out of this, Gitanjali Jewellery Retail Private Limited, a group company with 62 exclusive stores in 45 major towns across the country, targets to clock Rs 50 crore business.

“We are hopeful to achieve the target as the company has come up with several sales promotion schemes to attract customers during the period”, said Santosh Srivastav managing director of the company.

The volume of business of the jewellery companies is generally high during the Hindu festival period as the people prefer to buy the precious yellow or silver metals during this time. The trade particularly picks up during the Dhanteras festival, just ahead of Diwali.

Last year, during the festival period, Gitanjali Group had clocked Rs 120 crore business. This year, the target has gone up mainly on account of increase in prices of the precious metals.

In order to achieve the target and to lure the customers, the company has announced several discounts and cash back offers on purchase of gold and diamonds during the period.

Under the Samriddhi Diwali offer, the company has announced 100 per cent waiver on making charges on gold coins. The offer which starts on Wednesday, will be valid till Friday, company sources said On its Samriddhi Diwali offer (October 5 to November 10), the company has announced free solitaire jewellery on purchase of diamond jewellery. A diamond solitaire pendent gift worth Rs 5000 will be given on purchase of the diamond jewellery from Rs 15,000 to Rs 35,000. Similarly the gift worth Rs 7,500 and Rs 13,000 would be provided to the customers on purchase of the diamond jewellery of Rs 35,001 and Rs 55,000-75,001 respectively.

On purchase of Rs 75,001 to Rs 95,000 and above, free gift worth Rs 17,000 and 30,000 will be offered. The company has also announced the cash back offer on purchase of jewellery. The offer is valid for the entire festive period from October 5 to November 10.

On purchase of diamond jewelry in the range of Rs 15,000-Rs 50,000, the customer will get five per cent cash back. The cash back offer however is increased to 10 and 15 percent on purchase of diamond jewellery Rs 50,001-Rs 1, 00,000 and Rs 1,00,001- Rs 2, 50,000 respectively.

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Jewellery Care Guide

Jewellery an invigorating element worn by millions of people worldwide. However,only few really know how to care for these precious metal. Here are some prudent approach which should be take into consideration while wearing a jewellery. 

Detach while doing any task- First thing to do while doing any task is remove all your jewellery and keep it aside. Most people,don’t pay heed to this advice which ultimately results in getting their jewellery deteriorated by either physical damage or by chemical exposure. Especially, household chores such as cleaning, mobbing etc. Is to be avoided while wearing a jewellery.

Wear jewellery post makeup- Cosmetics such as perfumes, hairspray, lotions contains chemicals that can dampen your jewellery brightness. So, it is advisable to put your jewellery after you applied all sorts of make up.

Be extra cautious while cleaning- Never clean your jewellery from any random cleaner. There are specially designed chemicals which are solely used for cleaning precious metals such as gems, pearls etc. You can buy them from any reputed jewellery shop.

Safely store your jewellery- Your precious brooch should be kept and stored in a proper box. Never keep your gem here and there lying,as its vulnerable to scratches that can damage your jewellery. Most, jewellery come along with their box which is a perfect place to keep your sparkling gemstone.

Jewellery is an intimate and one of the most cherished accessories. To take care of this exquisite metal follow the above steps. With little more care your jewellery will retain its beauty in another generations to come. Also, at Santosh Srivastava Saanvi Jewels,fine jewellery is crafted to last a lifetime. Do check this out and buy enchanting, wonderful heirlooms.