Ashapuri Gold Ornament Limited, initially established as a private company in 2008, transitioned to a public entity in 2019. Originating from Manek Chowk, Ahmedabad, a hub for bullion and jewelry trading, the company moved its operations in 2011 to a spacious showroom on C.G. Road, the new epicenter for gold and diamond jewelry retail. Specializing in the manufacture and sale of gold jewelry, Ashapuri blends in-house design with third-party collaborations, initially relying on job work manufacturing in Ahmedabad and Rajkot.
The company has evolved to incorporate in-house manufacturing, meeting stringent brand requirements and serving multinational jewelry retailers. In 2018-19, Ashapuri diversified by partnering in a branded readymade garments business. The company expanded its market presence in 2023 with branch offices in Bangalore, New Delhi, and Mumbai, supported by a dedicated sales team across major Indian regions. A successful IPO in 2021 raised Rs 30.01 crore, fueling further growth and expansion.
