Lalithaa Jewellery Mart Limited was incorporated on November 26, 1985 as Lalitha Jewellery Mart Private Limited. It later changed its name to Lalithaa Jewellery Mart Private Limited in November 2013 and was converted into a public company as Lalithaa Jewellery Mart Limited, with a fresh certificate of incorporation issued on January 5, 2024.
The company operates in the manufacturing, sale, and trading of jewellery and related articles across gold jewellery, diamond-studded jewellery, platinum, and silver products. Its first store opened in 1985 in T. Nagar, Chennai, a key retail hub for silk and jewellery. The promoter, M. Kiran Kumar Jain, acquired the company in 2003.
Store expansion included a second outlet in Madurai in 2007, its first outside Chennai, followed by its first store outside Tamil Nadu in Pondicherry in 2013 and a store in Hyderabad in 2016. By 2024, the company had expanded to a network of 50 stores. On the manufacturing side, it opened a new factory in Kancheepuram district, Tamil Nadu, and acquired Asita Jewellery Manufacturing Pvt Ltd and Centigrade Apparels Private Limited in 2024. It also commenced operations at its Thirumudivakkam (Chennai) manufacturing unit in December 2024.
The company is planning an initial public offer to raise Rs 1,700 crore, comprising a Rs 1,200 crore fresh issue and a Rs 500 crore offer for sale, with equity shares of face value Rs 5 each.
