Mangesh Chauhan Leads Sky Gold from INR 100 Crore to INR 5,000 Crore Market Cap, Setting New Benchmarks in Jewellery Innovation

Mangesh Chauhan Leads Sky Gold from INR 100 Crore to INR 5,000 Crore Market Cap, Setting New Benchmarks in Jewellery Innovation

By:-  Mangesh Chauhan, Managing Director, Sky Gold & Diamonds Ltd.

Mangesh Chauhan is the Managing Director of Sky Gold & Diamonds Ltd., a market leader in lightweight gold and diamond jewellery. An entrepreneur and financial strategist, Mr. Chauhan has over two decades of experience in the gem and jewellery industry, defined by innovation, disciplined growth, and a commitment to quality.

His journey began in 2000 at Mumbai’s renowned Zaveri Bazar, where he gained hands-on exposure to the intricacies of the jewellery trade. After a formative three-year stint with a jewellery firm, he launched his own venture in 2005 with limited capital and a clear goal to transform the way jewellery is manufactured and distributed in India. By 2008, his company evolved into Sky Gold Private Limited, pivoting to in-house manufacturing and design to enhance precision, consistency, and craftsmanship.

Recognizing early the need for structure in a traditionally unorganised sector, Mr. Chauhan pioneered India’s first organised B2B business model in jewellery manufacturing. He was also quick to identify emerging shifts in consumer behaviour, entering the chain store and corporate jewellery segments well before they became industry trends. Between 2008 and 2010, he strategically positioned Sky Gold as a reliable, large-scale manufacturer, earning the trust of leading retail clients across the country.

In 2018, under his leadership, Sky Gold Ltd. was listed on the NSE SME platform at a market capitalization of ₹100 crore. The company’s performance and sustained growth led to its upgradation to the NSE main board in 2023, with a current market cap exceeding ₹5,000 crore—a reflection of Mr. Chauhan’s unmatched ability to drive long-term shareholder value.

Over the years, he has successfully led multiple rounds of equity and bank funding (2018–2024), securing the resources required for expansion. He has also driven strategic inorganic acquisitions, broadening Sky Gold’s product portfolio and integrating them seamlessly into the group to build a more diversified offering.

Mr. Chauhan has played a dual role in shaping the company’s strategic direction and financial architecture. His blend of operational insight and fiscal prudence has enabled Sky Gold to grow sustainably in a competitive market. His interpersonal skills have fostered enduring relationships with investors, clients, and employees’ alike, making trust and transparency central to the company’s ethos.

Under his leadership, Sky Gold has embraced the philosophy of “Make in Bharat for the World,” reflecting his commitment to blending Indian craftsmanship with global standards. As the company enters new global markets, Mr. Chauhan continues to inspire the next generation of jewellery entrepreneurs to pursue scale with integrity, quality, and innovation.

From ₹100 crore to ₹5,000 crore in market value, Mangesh Chauhan’s journey is a powerful testament to foresight, resilience, and the impact of purpose-led leadership in transforming an industry.