Tribhovandas Bhimji Zaveri Ltd. (TBZ) recently opened a new showroom in Churchgate, Mumbai, as a part of its retail expansion plan. Shrikant Zaveri, the chairman and managing director of TBZ, inaugurated the store, Rapaport reports.
“It is our second showroom in south Mumbai after Zaveri Bazar. We have jewelry designed in gold and diamond which will appeal to south Mumbai customer,” Zaveri said.
The showroom offers a new and established ranges of women's and men's jewelry. TBZ in April raised approximately $36 million (INR 2 billion) through its initial public offering (IPO) to fund its expansion and for incremental working capital requirements, among others.
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