PC Jeweller has incorporated a subsidiary, PCJ Mining SARL in Republic of Chad

PC Jeweller Limited has expanded its international footprint by announcing the incorporation of a new subsidiary, PCJ Mining SARL, located in the Republic of Chad. This strategic move was executed through the company’s wholly-owned subsidiary, PCJ Gems & Jewellery Limited, which now holds a 66 per cent controlling stake in the new entity. According to the regulatory filing under SEBI’s Listing Obligations and Disclosure Requirements, the new subsidiary has been established with a paid-up share capital of 1,000,000 CFA Francs. As a newly formed entity, it has yet to commence business operations or generate turnover and the incorporation does not fall under the purview of a related party transaction.

The primary objective of establishing PCJ Mining SARL is to venture into the extraction of precious metal ores, thereby clearly focusing on the upstream supply chain of the jewellery industry. Its business mandate encompasses a broad range of activities, including mining, mineral exploration, quarrying and the subsequent production and refining of mineral products. Additionally, the subsidiary is authorised to engage in general import-export trade and provide related mineral services. By securing a presence in the Republic of Chad, PC Jeweller is positioning itself to manage the sourcing and marketing of raw materials directly, diversifying its operational capabilities beyond retail and distribution.

About the Company

PC Jeweller is a prominent Indian jewellery retailer known for its wide range of gold, diamond and silver products. Established in 2005, the company specialises in both traditional and contemporary designs, catering to weddings as well as daily wear. It operates through a large network of showrooms across India and an online platform, offering hallmarked and certified jewellery. The brand emphasises craftsmanship and transparency, providing services like jewellery maintenance and customisation to its customers.

The company has a market cap of over Rs 7,300 crore. As of December 2025, State Bank of India (SBI) holds a 1.75 per cent stake and the Union Bank of India owns a 1.13 per cent stake in the company. The stock is up by 16.3 per cent from its 52-week low of Rs 8.66 per share and has given multibagger returns of 300 per cent in 3 years.  

Disclaimer: The article is for informational purposes only and not investment advice.