Financeman Associates

Attention: Dr. Kumaran - Mobile: 9869282449 / 9867072185



Products Description:

The main types of jewellery, in terms of contribution to total jewellery sales in india; (along with approximate percentage share in brackets) are the following: bangles (25%), full sets (21%), kangans (15%), chains (11%), ear rings (10%), half sets (7%), and rings (6%).


Both men and women, irrespective of whether they are children, adolescents or adults, wear jewellery. Women wear bracelets, finger rings, nose rings, bridal crown, ear and hair ornament, ear plug, hair clip, hair pins, pendants, lockets, brooches and necklaces. men wear rings, shirt brooches, tie clasps or clips, tie pins and tie tacks. Both men and  women wear badge, badge with chain, bangle, belt, belt buckle, belt hook, belt clasp, buttons, chain, clips, cloak pin, collars, comb, cross, cuff links, devotional jewellery, emblem, fastenings, garter, girdle, head band, key, key chain, key holder, medal, shoe buckle, amulets and amulet-holders.                              

Financeman Associates





FINANCEMAN ASSOCIATES is an eminent firm of management consultants and consulting engineers rendering a wide spectrum of project engineering and management consultancy services. They include Market Surveys, Techno-Economic Feasibility Reports, Cost Estimates, O & M Studies, Interaction with Financial Institutions, Valuation of Fixed Assets/Intangible Assets, etc. Annexure to this Profile contains the range of services being provided by FINANCEMAN ASSOCIATES.


FINANCEMAN ASSOCIATES was established in 1986 to cater to the project consulting needs, initially, of the gems and jewellery industry. We were the pioneering consultancy organization to accept the challenges of understanding what was until then an unorganized and closely held family oriented industry. FINANCEMAN ASSOCIATES was successful in building relationships and learning to talk the language of the diamond and gold jewellery industry. The variety of assignments completed by FINANCEMAN ASSOCIATES bears testimony to the firm’s credentials in servicing such a widely scattered and unorganized industry like the gems and jewellery industry.


FINANCEMAN ASSOCIATES have traveled throughout the locations in which the gems and jewellery industry flourishes today, namely, i. the State of Gujarat, which accounts for almost 80% of the diamonds processed in India and its major centres such as Surat, Ahemedabad, Bhavnagar, Rajkot and Jamnagar; ii. the state of Maharashtra and its suburban manufacturing centers in Goregaon, Malad and SEEPZ Jewellery Complex; and iii. the State of Rajasthan and gems and jewellery centers in Jaipur. We had completed in-depth operational studies for the Diamond Plaza Customs Clearance Centre in Mumbai, which continues to be the main trading centre for diamond exports. Ninety-three per cent of diamond exports were dispatched through Mumbai airport, whose procedures and documentations were studied by our firm for the purpose of its streamlining. We had also prepared the blueprint and project report for theSurat Diamond Bourse at Sachin near Surat.


FINANCEMAN ASSOCIATES got associated with the gems and jewellery industry when it was striving hard to sort out many hurdles to its fast growth.  We completed several studies involving field visits and discussions to make presentations on the Problems & Suggestions to the authorities concerned. We are proud to state that our efforts have been fruitful. Indiatoday occupies the No. 1 position in importing, processing and exporting diamonds. India accounts for over 70% of the world exports of cut and polished diamonds in caratage. In other words, 7 out of every 10 diamonds set in jewellery worldwide are from India. India’s share in world exports in value terms is about 50%.


The gems and jewellery industry provides a shining example of achieving international competitiveness. Gems and jewellery exports from India were modest at Rs. 2 crore in 1960-61 andRs. 22 crore in 1966-67, the year in which the industry's trade promotion body, The Gem & Jewellery Export Promotion Council (GJEPC), was set up. The exports of the commodity group ‘gems and jewellery’ more than doubled to Rs. 45 crore (US$ 59 million) in 1970-71. Each decade witnessed leaps in exports, with the figure rising to about Rs. 25,790 crore (US$ 6.131 billion) in 1998-99. This represented a growth of 573 times in gems and jewellery exports as compared to the growth of 92 times in the country’s total exports from Rs. 1,535 crore (US$ 2.031 billion) in 1970-71 to Rs. 141,604 crore (US$ 33.641 billion) in 1998-99. The later figures show that gems and jewellery exports increased further to Rs. 34,560 crore (US$ 7.622 billion) in the year 2000-01. In 2004-05 the gems and jewellery exports were still higher at Rs. 68,646 crore (US$ 15.320 billion). The provisional figures for 2006-07 were Rs. 77,180 crore(US$ 17.102 billion).


The gems and jewellery industry, representing more than 7000 exporters, had a share of 11% in world gems and jewellery exports and a share of 18% in India's total exports in 1998-99. Diamond exports represent the lion's share of the country's gems and jewellery exports. About 80% of the gems and jewellery exports from India are cut and polished diamonds. Helpful Government policies and the entrepreneurship of the country's diamantaires helped diamond exports to emerge as the largest export commodity group within a matter of four decades. The expansion in the mining of rough diamonds in various countries and the increase in world trade in cut and polished diamonds and diamond studded jewellery are attributed to the growth of the diamond industry in India during the last four decades.


The phenomenal growth in gems and jewellery exports is a record among the large Indian export sectors. In fact, the gems and jewellery industry presents itself as a perfect case study for discussing how to build competitiveness of Indian industries. The diamantaires and jewellery makers and their devoted and skilled artisans have shown that even an unorganised industry can achieve international competitiveness. The Indian gems and jewellery industry was the first one to absorb and assimilate the true spirit of globalization by integrating itself with the world gems and jewellery industry.


Not only that the Indian gems and jewellery industry has proved its mettle in international competitiveness, but it has also made significant socio-economic contributions:


i.                    Employment Generation through Low Investment: The investment required to create employment in the diamond processing and jewellery-making units is quite low. Employment generation in other industries call for heavy investments.

ii.                  Hard currency foreign exchange earnings: The countries to which India exports gems and jewellery are among the hard currency areas. The industry contributes continuously to the country's foreign exchange reserves.

iii.                Pollution-free industry: Diamond processing and jewellery manufacture do not cause air or water.

iv.                Environmental friendly industry: Being an import-based industry, it does not deplete natural resources and also leaves the flora and fauna in tact.

v.                  Assists in urban decongestion: Due to its decentralized location, the gems and jewellery industry helps in urban decongestion. Also the gems and jewellery industry leads to the removal of unemployment in the rural sector, prevention of migration to cities and the avoidance of slums in the urban areas.

vi.                Low Power Consumption: The gems and jewellery manufacturing processes do not aggravate the country's energy problems.

vii.              No burden on the country's transport infrastructure: The raw materials as also the finished products are of high-value and low-weight. They do not put any burden on the country's road, rail, sea or air transport.


FINANCEMAN ASSOCIATES is acquainted with many other industries through the consultancy assignments that the firm have completed, most of which are overlooked in this profile. However, a few words about the studies of the sericulture industry through field visits and discussions in Karnataka.


In connection with the preparation of a Project Report for Automated Industrial Sericulture Complex based on Japanese Technology, FINANCEMAN ASSOCIATES had made extensive field visits and detailed discussions with the people involved in the sericulture production, warehousing and trading activities in Bangalonre and Mysore. We covered all the aspects of producing, storing, transporting and trading of cocoons, raw silk and finished silk products in the State of Karnataka and the socio-economic role of this industry to the State. We had visited and had discussions with many Government and non-Government bodies engaged in the promotion and development of the sericulture industry.


Sericulture is an agro-industry combining the features of agriculture and village industries. Sericulture is practiced in approximately 50,000 villages, providing employment to more than 60lakh people in rural and semi-urban areas. The State of Karnataka is in the forefront in the sericulture industry. Traditionally, silkworm rearing in India has involved the discharge of dual duties by the farmers, namely, i. mulberry cultivation and ii. Rearing of silk worms, both young and adult, and cocoon harvesting.


The economic rationale for the promotion of sericulture is based on the following benefits:


i.                    Sericulture is primarily an agro and rural based industry.

ii.                  Sericulture is an ideal industry sector for the weaker sections of the people.

iii.                Sericulture increases employment opportunities for women.

iv.                Sericulture avoids migration of rural population to urban areas, thus offering a preventive cure for urban congestion and the mushrooming of slums.





FINANCEMAN's mission is to help transform business firms
so that they adapt and become efficient in the present-day competitive global e-business environment.

Market Study to assess Demand, Supply and Demand-Supply Gap for Products and Services, Projects Identification for First-Generation Entrepreneurs and Promoters, Project Reports for SMEs / SSIs / MSMEs [@ Rs. 10,000/- through courier/ e-mail within 3 days of Confirmation of Order] and Total SME/SSI/MSME Consulting.

[About 1650 Project Reports listed on our Website with names prefixed with a [*] Star Mark are offered to entrepreneurs at a uniform professional fee of Rs. 10000/- per Project Report. ]



i. ORGANISING: O&M Studies, Organization Charts, Forms and Manuals, Restructuring & BPO

ii. PRODUCTION: Purchase Management, Production Scheduling, Inventory & Delivery Logistics

iii. MARKETING: Marketing Policy, Strategy, Tactic and Procedure, Advertising and Branding

iv. FUNDS-FLOW MANAGEMENT: Capital Market & Stock and Commodities Market Previews, Macro & Micro Funds Mobilization and Utilization Advisory, Funds Management Strategies

v. PERSONNEL (HRD/HRM): Consulting Services for Recruitment, Training & Placement, Job Definition, Job Description, Job Evaluation, Job Enrichment, Motivation & Employer-Employee Morale


Inter-Functional Management Consulting, Business Forecasting, Business Plans, Economic, Industry & Corporate Surveys, SWOT Analysis for State / Local Economies, Corporate SWOT Analysis, Balance-Sheet Analysis and Ratio Analysis for Corporate Prognosis







(Attention: Dr. Kumaran Pola)

K-14 Mahindra Park

Narayan Nagar, L.B.S. Marg

Ghatkopar (West)

Mumbai – 400034


Phone: (91 22) 25022329


Mobile: 9869282449 / 9867072185