By Bl Mumbai Bureau

Copyright thehindubusinessline

Utssav CZ Gold Jewels, one of the leading manufacturers of 18, 20, and 22 carat gold jewellery, has received CARE BBB and CARE A3+ rating on its long and short term loans.

The ratings reflect the company’s strong fundamentals and highlight its financial discipline and business stability.

Care Edge Ratings has factored in the promoter’s extensive experience in the gold jewellery industry, the company’s strong capital structure with healthy debt coverage indicators, its growing scale of operations with moderate profitability, and an adequate liquidity profile.

Earlier, the company’s credit ratings were assigned by Infomerics Ratings. These ratings have now been withdrawn after Utssav provided the required no-objection document, which was duly acknowledged by its bankers and submitted to Infomerics on time.

Pankajkumar Jagawat, Managing Director, Utssav CZ Gold Jewels, said the ratings are an important endorsement of efforts to consistently strengthen financial stability, improve operational performance and scale business with efficiency.

Shares of the company were up two per cent at ₹171 on Friday.

Published on October 3, 2025