SURYA NAYAGI GOLD PRIVATE LIMITED

In their own words

In India, gold is much more than just a yellow metal. Indians are also emotionally attached to gold and that is why they strongly believe in making gold jewellery not just as an ornament for long-term, but also as a great backup resource at the times of financial lows. We SURYA NAYAGI GOLD PRIVATE LIMITED registered in India and with the Registered Place of Business at Madurai with the CIN No U46620TN2023PTC160095. We involved in the Retail sale of Jewellery Business from 2023 onwards. Retail in Gold, Silver and Diamond Articles and Ornaments. SURYA NAYAGI GOLD PRIVATE LIMITED was promoted by Mrs R. KALAIVANI and R.SENTHIL KUMARAN who is having the experience in the gold business around 5 years. He is experienced in Online Marketing, Whole sale and Retail Business.INTERNAL AND EXTERNAL FUNDING The Promoters of the Jewellery shop have been invested Rs. 50 Lakhs for the initial start up and running of the business at the medium level. Now the Promoters are seeking the external funding to enhance the business to the next level to locate in the big mall of the city which has average 300 walk in customers and to capture the market size with the estimated billing at an average of 5 to 6 bills per day.PRICING STRATEGY Business owners prefer to keep it simple by using set markups (sometimes known as cost-plus pricing) or manufacturer suggested retail prices (MSRPs). However, when we build a strategy that better accounts for market conditions and other factors that impact consumer behaviour, we’ll be able to take the competitive advantage in our industry. Being the Jewellery Business, we decided to use the Cost plus Overheads and Wastage charges to fix the price for our products and to provide more offers and discounts on the wastage percentage during the festive seasons. This offers and Reductions in the wastage during the seasonal time may increase the sale at double at average sales during the period.STAFFING PLAN A staffing plan is a strategic planning process by which a company (typically led by the HR team) assesses and identifies the personnel needs of the organization. In other words, a good staffing plan helps you understand the number and types of employees your organization needs to accomplish its goals.we focus on the acquiring the suitable employees with right qualification for the teams.  Reduce labour costs and maximize productivity.  Eliminate skills gaps.  Increase employee engagement.  Improve customer experience.  Streamline business growth.MARKETING AND SALES STRATEGY We are developing our products and selling to the Large Customer base. Ideal Customer of the Business is Ladies and Young office going Womens PROCUREMENT STRATEGY The term procurement strategy refers to a long-term plan to cost-effectively acquire the necessary supplies from a list of efficient vendors who will deliver quality goods on time, abiding by the purchasing terms. Typically, a procurement strategy depends on a number of factors like purchase timeline, the available budget, the total cost of ownership (TCO), possible risks, and more. Iniya Technologies Private Limited, concentrate on the Quality of materials irrespective of the cost and also concentrate on the following strategies,  Risk management  Supplier management and optimization  Green purchasing  Global sourcing and  Total quality management RISK PARAMETERS Business risk is a broad category. It applies to any event or circumstance that has the potential to prevent you from achieving your business goals or objectives. Business risk can be internal (such as your strategy) or external (such as the global economy). External Risk of the Business  Strategic Risk  Compliance and Regulatory Risk  Change of Technologies at frequent level  Environmental Risks (Such as disasters)  Political and Economical instability at the country levelInternal Risk of the Business:  Financial Risk  Operational Risk  Health and Safety Risks  Commercial Risks (including the failure of key suppliers or customers)  Work force Risks (Maintaining sufficient staff numbers and cover, Employee safety and upto date skills)

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