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Shree Ganesh Jewellery House (I) Ltd. Company History and Annual Growth Details

Our Company was incorporated under the Companies Act as a private limited company by the name of Shree Ganesh
Jewellery House Private Limited pursuant to a certificate of registration no. 095086 dated August 30, 2002.

With effect from April 1, 2003, our Company purchased the existing business of Shree Ganesh Jewellers, a proprietary
firm engaged in the business of manufacture and export of jewellery.

In July, 2004, we set up our first manufacturing facility at Manikanchan SEZ with a capacity of 500 kgs of gold.

On March 1, 2007, the Honble High Court at Calcutta approved the scheme of amalgamation ('Scheme') for the
amalgamation of six of our group companies, namely, Doyen Traders and Properties Privates Limited, Shree Gajanand
Jewellers Private Limited, Pitty Fincon Services Private Limited, Pancharatna Jewellers Private Limited, Janki
Properties Private Limited and Creative Jewels (India) Private Limited (together the 'Amalgamated Companies') with
our Company. The Amalgamated Companies were engaged in the manufacture and export of gold jewellery.

With effect from April 1, 2006, ('Appointed Date'), the entire business, assets and liabilities of the Amalgamated
Companies were transferred to our Company. Pursuant to terms of the Scheme, the shareholders of Doyen Traders and
Properties Private Limited were allotted Equity Shares in the ratio of 3:1, the shareholders of Shree Gajanand Jewellers
Private Limited were allotted Equity Shares in the ratio of 20:1 and the shareholders of Pitty Fincon Services Private
Limited, Pancharatna Jewellers Private Limited, Janki Properties Private Limited and Creative Jewels (India) Private
Limited were allotted Equity Shares in the ratio of 1:1 each.

The status of our Company was converted to a public limited Company and consequently the name of our Company was
changed to Shree Ganesh Jewellery House Limited, pursuant to a fresh certificate of incorporation consequent to change
of name dated August 14, 2007, issued by the Registrar of Companies, West Bengal.

As on date of this Draft Red Herring Prospectus, we are engaged in the manufacturing and exporting of handcrafted gold
and studded jewellery.

Our Registered Office is located at 413, Vardaan Market, 25A, Camac Street, Kolkata - 700 016.

Major events in the history of our Company:

Year Achievements

March 2003 Takeover of the business of Shree Ganesh Jewellers, a proprietary firm

November 2003 Received approval from the Development Commissioner, Manikanchan SEZ for setting up of
our manufacturing unit at Manikanchan, SEZ.

June 2004 Set up first factory for the manufacture of jewellery at Manikanchan SEZ with a capacity of
500 kgs of gold per year.

2006 Our Promoters, Mr. Nilesh Parekh and Mr. Umesh Parekh awarded the 'Young Achievers
Award' by Sin Gems

April 2006 Merger of Doyen Traders and Properties Private Limited, Shree Gajanand Jewellers Private
Limited, Pitty Fincon Service Private Limited, Pancharatna Jewellers Private Limited, Janki
Properties Private Limited and Creative Jewels (India) Private Limited with our Company

September 2007 Awarded SE1A rating by CRISIL indicating 'Highest performance capacity and highest
financial strength'

October 2007 Opened first branded retail jewellery store at Kolkata and Ahmedabad

October, 2007 Incorporated Shree Ganesh Jewellery House (Singapore) Pte. Limited as a wholly owned
subsidiary.

2008 In the course of the financial year 2007 - 2008, our manufacturing units exceeded a capacity
of 10,000 kgs of gold

March 2008 Received the 'Three Star Export House' certificate from Joint Director of Foreign Trade,
Government of India.

September 2008 Received the'Outstanding Export Performance and Contribution in the Trade for Plain
Precious Metal Jewellery Exports by Unit from EoU/EPZ' from the Gems and Jewellery
Export Promotion Council in 2007 - 2008.

March 2008 Private equity investment of Rs. 8000 lacs by Credit Suisse PE Asia Investments (Mauritius)
Limited

March 2008 Crossed total sales of Rs. 1,27,380.66 lacs

March 2009 Crossed total sales of Rs 2,14,850.12 lacs

June 2009 Received the 'Four Star Export House' certificate from Joint Director of Foreign Trade,
Government of India.

August 2009 Received the status of a 'Nominated Agency' under the Foreign Trade Policy for the
purposes of Direct Import of Precious Metals. This allows us to directly import precious
metals.

August 2009 Received the 'Outstanding Export Performance and Contribution in the Trade for Plan
Precious Metal Jewellery Exports by Unit from EoU/EPZ' from the Gems and Jewellery
Export Promotion Council in 2008 - 2009.
 
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