Seco Gold, a major Kolkata –based jewellery chain, has secured investment worth Rs. 80 crore from SAIF Partners, a private equity firm. SAIF Partners has an exposure of around US$ 1 billion worth of investment in India.

Senco, jewellers since 1938 say they have 59 showrooms, with operations concentrated in the eastern region of  the country, though it boasts of  a presence in New Delhi and Mumbai – two important retail centres – as well. The jeweller exports to the USA, UK, Singapore and the Middle East.

This investment, Senco envisages, will increase the pace of its progress and help it spread its stores in more cities and town in the country.