SAIF Partners, a venture capital and private equity firm managing over US$ 1 billion of investments in India, has announced an equity infusion of Rs 80 crore in Senco Gold Ltd.
The capital infusion will enable Senco Gold to accelerate its growth, and establish a pan India footprint.
Senco Gold Ltd, headquartered in Kolkata, is one of the largest jewellery retail chains from Eastern India.
Senco is present through 59 stores across India and aims to take the art of handcrafted jewellery in gold, diamond, platinum and modern jewellery to consumers across the country.
As one of the progressive jewellery companies in India, the company has married its 77 year legacy with professional management, processes and systems.
Vishal Sood, Managing Director, SAIF Partners, said, “We have known the Senco Gold management for some time and have come to appreciate the high quality brand that the company has created. We have been impressed with Senco Gold’s stellar growth, the depth of the company’s network in East India, and the strong vision and leadership provided by the Sens. We are very excited about our partnership with Senco Gold and look forward to our journey together in creating a truly world class jewellery retail brand”
Suvankar Sen, Executive Director, Senco Gold Ltd, said, “We envision accelerating our business growth across India through the funding from SAIF Partners. This investment will give a boost to our operations and increase our pace of progress. We have found like-minded partners in SAIF Partners and look forward to working with them”.
The capital infusion will enable Senco Gold to accelerate its growth, and establish a pan India footprint.
Senco Gold Ltd, headquartered in Kolkata, is one of the largest jewellery retail chains from Eastern India.
Senco is present through 59 stores across India and aims to take the art of handcrafted jewellery in gold, diamond, platinum and modern jewellery to consumers across the country.
As one of the progressive jewellery companies in India, the company has married its 77 year legacy with professional management, processes and systems.
Vishal Sood, Managing Director, SAIF Partners, said, “We have known the Senco Gold management for some time and have come to appreciate the high quality brand that the company has created. We have been impressed with Senco Gold’s stellar growth, the depth of the company’s network in East India, and the strong vision and leadership provided by the Sens. We are very excited about our partnership with Senco Gold and look forward to our journey together in creating a truly world class jewellery retail brand”
Suvankar Sen, Executive Director, Senco Gold Ltd, said, “We envision accelerating our business growth across India through the funding from SAIF Partners. This investment will give a boost to our operations and increase our pace of progress. We have found like-minded partners in SAIF Partners and look forward to working with them”.
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