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People · Commerce & Consumer Brands

Amit Jain joins BlueStone as non-executive director

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Date
Company
BlueStone
What it does
Jewellery retailer, omnichannel
Kind
People
Founded
2011
Sector
Commerce & Consumer Brands

What they do

BlueStone is an omnichannel jewellery retailer with 352 stores across 139 cities

What happened

Amit Jain, co-founder and CEO of CarDekho Group, was appointed non-executive non-independent director effective 14 Sep 2026

Why it matters

The appointment was approved at the 15th AGM; outgoing director Sameer Dileep Nath retired by rotation

The details

  • Amit Jain was appointed as a non-executive non-independent director of BlueStone, effective 14 Sep 2026.
  • The appointment was approved by shareholders at BlueStone's 15th Annual General Meeting.
  • Amit Jain is the co-founder and CEO of CarDekho Group, with a background in autotech, insurtech, fintech, and mobility.
  • Outgoing director Sameer Dileep Nath retired by rotation and did not seek reappointment.
  • Amit Jain's role is non-executive and non-independent, not a CEO or operating role.
  • He is not debarred by SEBI from holding a directorship and has no inter-se relationship with other directors.

The bigger picture

  • The appointment brings autotech and fintech expertise to BlueStone's board.
  • It follows the retirement of Sameer Dileep Nath after his term ended.
  • BlueStone is expanding its board with experienced leaders from related sectors.

About the business

  • BlueStone is a jewellery retailer with both an online platform and an offline store network.
  • It was founded in 2011 and claims to be India's second-largest digital-first omnichannel jewellery brand.
  • As of Q1 FY27, it operates 352 stores across 139 cities, adding 12 stores that quarter.
  • It serves over 12,660 PIN codes, with nearly half of its stores in Tier II and Tier III cities.
  • In Q1 FY27, its operating revenue was Rs 737 Cr, up 49% year-on-year.
  • It posted a net profit of Rs 6 Cr in Q1 FY27, compared to a loss of Rs 35 Cr in Q1 FY26.

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