Established
1997
Franchise Units
1
Minimum Investment
₹ 3,50,00,000
Franchise Fee
₹ 10,00,000
Total Investment Range
₹ 9,00,00,000
Home Based
No
Description
For generations, silver in India was treated as a secondary luxury—often sold in unorganized, small-scale shops with varying levels of purity and limited design options. Banwarilal Chandiwala, the flagship brand under Shri Bantara Jewellers Pvt. Ltd., completely changed that narrative. Built on the principle that silver deserves the same purity standards, artistic grandeur, and transparent retail experience as fine gold, the brand stands out as India’s premier organized silver retail concept.
Banwarilal Chandiwala combines traditional heritage craftsmanship with contemporary, modern-day sensibilities. From intricate silver bridal sets and everyday silver jewellery to heavy silver temple artefacts, luxury home decor, and gifting items, the brand caters to diverse consumer segments across Tier-1, Tier-2, and Tier-3 cities. By shifting customers away from unorganized jewellers toward certified hallmarked purity, transparent pricing, and an upscale showroom setting, Banwarilal Chandiwala offers franchisees a high-margin, high-growth retail footprint in the fast-expanding Indian jewellery market.
Background
- Established Year: Brand roots date back to 1997 through founder leadership, with corporate structure established across 2023–2025 and official national franchising launched in 2026.
- Industry Category: Fine Silver Jewellery, Luxury Artefacts & Retail Gifting
- Franchise Outlets (Active / In Rollout): 1 – 5 active franchisee units.
- Parent Company: Shri Bantara Jewellers Pvt. Ltd. / Shree Banwarilal Jewellers Pvt. Ltd.
- Promoters & Founders: Led by Pawan Kumar Khemka (Director, deeply active in the jewellery industry since 1997), along with Sangita Khemka, Rohit Khemka, Mohit Khemka, and Dr. Suruchi Khemka.
- Brand Journey & Market Presence: Originating from decades of wholesale and retail jewellery expertise, the management team modernized the brand into an organized, omnichannel retail network. Banwarilal Chandiwala operates large-format destination stores and compact retail units, scaling across India with a vision of pan-India expansion.
Support Training
Pre-Launch Site Selection & Store Setup: Comprehensive assistance with location analysis, footfall evaluation, and store layout design using standardized interior guidelines for high visibility.
Inventory Curation & Stock Management: Data-backed inventory allocation matching local demographics, demand trends, and seasonal purchasing peaks (e.g., Dhanteras, Diwali, wedding seasons).
Billing, POS & ERP Systems: Integrated retail management software to handle daily sales, stock tracking, customer invoicing, and security protocols seamlessly.
Staff Hiring & Training: Complete training programs covering product knowledge, soft skills, luxury sales techniques, billing procedures, and customer retention strategies.
Marketing & Local PR Support: Turnkey marketing campaigns for store launches, ongoing digital campaigns, localized print/outdoor media support, and festive promotional toolkits.
Operational Audit & Quality Control: Regular operational guidance, stock audits, and ongoing support from corporate relationship managers to ensure smooth daily store management.
Ideal Candidate
Business Acumen: Experienced retail operators, jewellery business owners looking to modernize, or high-net-worth entrepreneurs with strong business management capabilities.
Capital Capability: Financial capability to comfortably fund real estate setup, franchise fees, initial inventory stocking, and working capital requirements.
Prime Location Access: Ability to secure high-street commercial locations, prominent market places, or upscale shopping malls.
Commitment & Passion: Passion for luxury retail, customer relationship management, and maintaining strict brand standards.
Financial Detail
| Parameter | Details / Estimate |
| Franchise Units / Formats | Silver Store (Compact High-Street) / Silver Mall (Flagship Destination Center) |
| Minimum Space Required | 1,500 sq. ft. – 5,000+ sq. ft. (Depending on format) |
| Total Investment Required | ₹3.5 Crore – ₹9 Crore+ (Includes interior, security, and stock inventory) |
| Franchise Fee | ₹10 Lakhs – ₹15 Lakhs |
| Infrastructure & Fit-Out Cost | ₹1,500 – ₹2,500 per sq. ft. (High-security display counters, lighting, acoustics, exterior signages) |
| Initial Stock / Inventory Investment | ₹2.5 Crore – ₹6 Crore+ (Proportional to retail square footage) |
| Marketing Budget (Local Launch) | ₹5 Lakhs – ₹10 Lakhs (Opening announcements, local PR, digital ads) |
| Working Capital Requirement | ₹15 Lakhs – ₹25 Lakhs |
| Royalty / Revenue Share | 3% – 5% on gross sales (or mutually agreed margin-sharing model) |
| Expected Break-Even Time | 18 to 24 Months |
| Expected ROI | 20% – 30% per annum |