Padam Sacheti - Profile
Shri Padam Sacheti is an extraordinary story one which makes Mumbai proud for what it provides to people who believed in making their home here in the 70’s.
Having Moved to Mumbai in 1974 to pursue a business idea in Mumbai, he setup his first store “JaipurGems” in a rented Industrial compound (due to license raj) of Glaxo Worli. With immense dedication, hard work and equal support from his wife Manju, they toiled towards making a living by designing and manufacturing fine jewelry to Mumbai’s elite.
Within a few years with limited resources , they were able to make a significant name for themselves.
By 1987 they had done enough to finally move their store to the high street of Hughes Road. From this point, there was no looking back. In 1995 the store in Mumbai was was doubled. With the addition of more hands in the form of his two sons, and an intention to keep the business a family oriented one, his business grew across with stores in Chennai and Coimbatore in Tamil Nadu.
Started in 2005, Starfire today is the backbone of the enterprise. Equipped with the state of the art latest technology, and amalgamating ancient techniques with the latest, Starfire now employs over 200 workers in its factory in Mumbai and Chennai. Meticulously delivering goods on time with highest consumer satisfaction.
He further encouraged his sons to setup an online business, www.caratlane.com, which today is one of the largest B2C in the jewelry business in india, and amongst the biggest in the world. JaipurGems is trusted in the highest Strata of society and industry peers, solely guided by the principles of fairness and quality ingrained by Mr Sacheti.
In 2014 one of the worlds leading Private Equity Firm Tiger Global invested over 30 million US Dollars, taking the valuation of the company to 600 crores.
There have been several offers to invest in the company, valuing the company at a whopping 1200 crores or more.
It is not only India's pioneer in e commerce, but has been featured in Forbes Fastest growing companies, and Mr Mithun Sacheti has been recognized by Forbes as one of the youngest entrepreneurs under 40 to watch out for.
Siddartha Sacheti - Profile
Siddhartha Sacheti is the 6th generation jewelry designer from the Sacheti family. Having born into a rich family of heritage and history of jewellery which spanned across generations, it was absolutely impossible for him to think about any other profession besides this. It was embed in his blood since birth. Or you can say that its been his birth right. Siddartha is currently heading as the CEO of the luxury brand Jaipur Gems founded by his father Padam Sacheti. His younger brother Mithun Sacheti has successfully forayed into the online world and founded .
Having completed his graduation in Commerce at Sydenham college, he went to Gemological Institute of America to pursue the art of jewellery manufacturing and design. He came back and joined the family business and in the year 2000 founded Gemlinx.com an online space where jewellers and designers could interact directly with their customers, merchandisers and gemologists ( it was based on the model for B2B and B2C). Unfortunately in the year 2002, he had to shut it down, as it was way ahead of its time and the internet penetration in India was extremely low.
After this incident he went back again to the States and studied Retail Management. On his arrival back to the home turf he went on to modernise the family business with by providing state of the art machinery and technology which helped enabled his artisans to continue what they do best and allow Jaipur Gems to produce quality collections at international standards and at the same time maintaining their trademark heritage style and essence. He has also established the entire social media reach for House of Jaipur Gems single handedly.
Besides designing, his other passions include skiing, scuba diving and sailing. On his traveling wish list Japan and Africa are the two places that he is yet awaiting to explore and experience their culture, food, etc. He is also an avid reader and revels in fiction and non fiction books. Being a technology geek he spends much of his time in research and updating himself with all the new and latest entrants in the market.
Currently he is looking to expand his wings and foray into another aspect of designing. He’s looking at honing his skills and create a brand name in mens accessories.