Home / Knowledge / News / Fashion / Flawless Diamond to establish its subsidiary in Dubai

Flawless Diamond to establish its subsidiary in Dubai

Aug '08
Flawless Diamond India Ltd has informed that the Board of Directors of the Company at its meeting held on August 11, 2008, inter alia, has discussed in detail all the businesses and decided to take the following major steps:

1. For Retailing - Board has reviewed and discussed the Company's retail business. Growth of the Company's retail business is very good. Now, Company has planned to open additional 75 more Out-lets within next 24 Months.

To support it's retail planning, it will set-up more manufacturing facilities at strategic places. For more exclusive designs to cater every class of customers, for this it will set-up more designer studios at various places and will focus on craft Jewellery work and create more traditional designer Jewellery and also contemporary designer Jewellery, and will hire more people to boost it's retail business.

Further, Company has decided to take more effective steps for bringing down it's cost and make retail business more profitable.

It was decided to create and add more franchises all over Country. Company will create more effective E-Trade business and come out with some innovative new business models.

Company is very soon to expand it's product profile by adding Life-styles products and product in Platinum, Gold, Silver along with watches and men's accessories.

2. The Board has reviewed in detail Company's Export business, wholesale business, private label business and other businesses as well. Company has decided to make these businesses more profitable, Company will take major steps to cut the cost at various level.

Company will establish it's subsidiary very soon at Dubai to tap and explore the opportunities in Gulf, Europe & U.S.A.

3. Board has discuss in detail about investment required for all this businesses. Company's requirement of 75 Crore to 85 Crore for over all development of the businesses will be initially met by the internal accruals.

For the Company's long-term requirement of the investment, Board has appointed Mr. B U Jain & Mr. Rajiv Kamdar to negotiate with potential investors (like FIS, FIIS, HNIS, Venture Capitalist).

4. Mr. Gopal Krishna Pillai was appointed as an Additional Director of the Company w.e.f. August 11, 2008. Mr. Pillai retired from Indian Revenue Service (I.R.S.) as Chief Commissioner of Custom & Excise having vast experience of more than 40 years in the field of custom and excise. Mr. Pillai will be an Independent Director.

5. Mr. Rajiv Kamdar who was an Independent Director will be now a Non - Executive Director. He will be Director (Finance) w.e.f. August 11, 2008.

6. Mr. Rajendra L Jain resigned as a Director of the Company w.e.f August 11, 2008. He was an Independent Director.

7. The board also decided to meet on August 18, 2008 to approve and adopt Audited Balance Sheet as at & Profit & Loss Account for the year ended March 31, 2008 & report of Auditors & Directors thereon.

Flawless Diamond India Ltd

Must ReadView All

Rajive Ranjan (left), Managing Director, Techno Design GmbH and Technocian Fashions, with Oliver Hein, COO, s.Oliver Group. Pic: PDS Multinational Fashions Limited

Apparel/Garments | On 2nd Dec 2021

PDSMFL (BSE:538730) to source for s.Oliver from India, Sri Lanka

India-based PDS Multinational Fashions Limited (listed on Bombay...

US President Joe Biden. Pic Palinchak | Dreamstime.com

Retail | On 3rd Dec 2021

American families have more money in their pockets: US President

Even after accounting for rising prices, the typical American family...

Pic: heimtextil.messefrankfurt.com/

Textiles | On 3rd Dec 2021

Messe Frankfurt cancels international home textiles fair Heimtextil

The Messe Frankfurt Group has announced cancellation of Heimtextil,...

Interviews View All

India-EU Summit, Representatives

India-EU Summit

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

December 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search