Euro Finmart was incorporated in the name of G.D.M. Jewellery Manufacturing Company on July 5, 1989, with Registrar of Companies, Delhi and Haryana for setting up gold Jewellery Manufacturing unit at Noida Export Processing Zone, Noida (U.P) in phased manner. The unit commenced commercial production in the year 1991-92. Pursuant to special resolution passed by the members in their Annual General Meeting held on February 02, 1993, the company was converted into public Company on March 03, 1993. Subsequently the name of the company was also changed to Euro-Gold Jewellery and a fresh Certificate of Incorporation to that effect was issued by Registrar of Companies, Delhi and Haryana on February 07, 1994.
The present estimated installed capacity of the NOIDA plant is 60 Kgs. per annum of gold jewellery. The commercial production at this plant commenced in the financial year 1991-92 and the company achieved capacity utilisation of 33% 45% and 70% for the years 1991-92, 1992-93 a 1993-94, respectively.