Shringar House of Mangalsutra Limited
Kotak Mahindra Life Insurance increased its stake in Shringar House of Mangalsutra Limited from 1.26% to 1.84%, buying 5,66,803 shares worth ₹12.7 Cr at ₹224.08 apiece. Kotak Mahindra Life Insurance was previously allotted 12,12,300 shares for ₹20 crore at ₹165 per share as an anchor investor in the company's IPO in September 2025.
A specialist manufacturer and designer of Mangalsutra, this company operates in India's jewellery sector with a primary focus on traditional bridal ornaments. Incorporated in 2009, it produces culturally significant pieces that blend heritage design with contemporary craftsmanship. The company's core expertise lies in manufacturing and designing high-quality Mangalsutra for the Indian market, serving customers across diverse regions with authentic jewellery pieces.
Wholly owned subsidiary of Kotak Mahindra Bank. Crossed Rs 1 lakh crore in AUM in November 2025, the 25th year of operations, with a 19% CAGR since 2010. CIO Radhavi Deshpande joined from Kotak Mahindra Bank's proprietary trading desk in April 2021 and runs a disciplined large and midcap equity book.