150 year old Indian Jewellery TBZ wins MACCIA Award 2013
The annual MACCIA Awards aim to recognize and reward the work of those entities that have positively impacted the State of Maharashtra and brought laurels not only in an individual capacity but also helped put Brand Maharashtra on the Indian and global radar in the past year.
Tribhovandas Bhimji Zaveri Limited (TBZ), a well-known and trusted jewellery retailer in India with a rich legacy of over 150 years, has been honoured with the prestigious MACCIA Award 2013 for Excellence in Entrepreneurship – Large Enterprise in Gems & Jewellery category. Mr. Shrikant Zaveri, Chairman & MD, TBZ Ltd., received the coveted award from Hon. Union Minister Mr. Sharad Pawar at a glittering function organized by the Maharashtra Chamber of Commerce, Industry & Agriculture (MACCIA).
The annual MACCIA Awards aim to recognize and reward the work of those entities that have positively impacTted the State of Maharashtra and brought laurels not only in an individual capacity but also helped put Brand Maharashtra on the Indian and global radar in the past year. TBZ–The Original was born in Zaveri Bazaar in the financial and fashion capital of India, Mumbai, and has progressed into a 150-year ‘young’ revered institution.
Mr. Shrikant Gopaldas Zaveri, the doyen of India’s gem and jewellery sector, is the architect of this edifice. Just as TBZ-The Original’s Zaveri Bazaar showroom has achieved iconic status and Mr. Zaveri is also a venerable icon in the jewellery retailing business and consumer domain. Mr. Shrikant Zaveri, CMD, TBZ Ltd, said, "It is a great honour to be recognized by the Maharashtra Chamber of Commerce, Industry & Agriculture. Getting the prestigious MACCIA award from Hon. Union Minister Shri Sharad Pawar is a source of great encouragement and spurs us to greater glory. More importantly, the MACCIA awards honour every aspect, contribution and effort of TBZ-The Original in terms of achieving new frontiers of achievement, innovation and benchmarks of doing business in the gems & jewellery industry."
The award is based on the analysis and methodology developed by Rating Agency ICRA to have a 360 degree view of the TBZ’s business performance from a qualitative as well as a quantitative perspective. No single data point was used in isolation during the short listing process.
ICRA uses weighted scores to arrive at the shortlist and the entire process is synchronized with the environment so as to adapt to the same before identifying the top performers each year.Renowned for its innovative designs & craftsmanship in gold and diamond jewellery, TBZ-The Original has won several Indian and international jewellery design and industry awards in its illustrious history. Recently TBZ-The Original won three prestigious JJS –IJ Jewellers Choice Designs Awards at a glittering event in Jaipur for Diamond and Emerald jewellery and also ‘Retail Leadership Award’ & ‘National Jewellery Awards’.
In the last few months, TBZ-The Original has opened 11 stores in cities of Pune, Mumbai, Vadodara, Kolkata, Vapi, Bhavnagar, Vasai, Nagpur, Raipur and Vashi, Navi Mumbai . Presently, it has 26 stores in 20 cities across 7 States including Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh, Kerala, Andhra Pradesh and West Bengal.
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