Gitanjali Gems is planning to rejig its business under five verticals -
jewellery manufacturing, branding, retailing, international business and
infratech.
The company intends to have a separate teams and boards for each vertical.
There may also be a merger of subsidiaries into the demerged entities if need
arises.
Under its infratech business, the company is planning to redevelop land in
Borivali and Andheri (Mumbai) and in Panvel (Navi Mumbai). This will be possible
by shifting their facilities. Likewise, the company plans to launch projects in
Hyderabad.
Also, it is likely to have a two million sq ft of retail space by 2012 with
an investment of Rs 25 crore. It plans to ramp up its gold processing capacity
from 1.5 tonne to 3.5 tonne.