People · Commerce & Consumer Brands
Amit Jain joins BlueStone as non-executive director
By Startup Enthusiast ·
- Date
- Company
- BlueStone
- What it does
- Jewellery retailer, omnichannel
- Kind
- People
- Founded
- 2011
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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- BlueStone posts first annual profit in FY2622 June 2026 · Results
- Investors offload BlueStone shares worth ₹242.8 Cr10 June 2026 · Stake sale · ₹242.8 Cr
- BlueStone grants ESOPs worth ₹11 crore17 April 2026 · Milestone · ₹11 crore
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