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ICA Gemlab Expands Global Presence with Its First Indian Laboratory in Surat
International gemological expertise arrives in India as ICA Gemlab announces the launch of its first state-of-the-art laboratory in Surat, strengthening the city’s position as a global hub for diamonds and coloured gemstones.
Surat (Gujarat) [India], October 3: ICA-GemLab, an internationally recognised organisation specialising in diamonds, jewellery and coloured gemstones, will open a new gemological laboratory in Surat in October. The laboratory will provide testing and reporting services for diamonds, coloured gemstones and jewellery.
Surat is one of the world’s major centres for diamond and jewellery manufacturing and trade. The new laboratory will provide testing services closer to the manufacturing and trading stages of the jewellery supply chain, before products reach consumers. The facility is part of ICA-GemLab’s strategy of providing direct access to its services in key sourcing and trading markets.
The Surat laboratory will be ICA-GemLab’s first facility in the Indian subcontinent. It will be connected to the organisation’s headquarters in Bangkok and its existing offices in Dubai and Hong Kong.
Standards and affiliation
ICA-GemLab is affiliated with the International Colored Gemstone Association (ICA), a trade body representing the coloured gemstone industry. The Surat laboratory will operate in accordance with the reporting standards and professional practices followed across the ICA-GemLab group.
Bringing analytical capabilities directly to Surat
ICA-GemLab India will be led by Kalpesh Desai as Director. Speaking about the new laboratory, Desai said, “India has a significant share of the world’s diamond processing, with Surat being one of its key centres. Our aim is to provide direct access to our internationally established analytical methods and reporting standards to manufacturers, traders, retailers, designers and consumers.”
He added, “We are working with a long-term plan. Our aim is to provide reliable gemological information, documented methodologies and analysis that can help traders and consumers make decisions based on appropriate information.”
Amira Hatta, Managing Director, ICA-GemLab Global, said, “India is one of the most important markets in the global gems and jewellery industry. Opening a laboratory in Surat will bring our analytical capabilities directly to this market, so that customers will have access to our services closer to where they operate.”
Services
The Surat laboratory will issue three types of reports, namely Diamond Reports, Coloured Gemstone Reports and Jewellery Reports. The services will be available to manufacturers, wholesalers, traders, retailers, jewellery brands, designers, industry professionals and consumers.
ICA-GemLab is headquartered in Bangkok and has offices in Dubai and Hong Kong. The laboratory also has a partnership with Sri Lanka’s National Gem and Jewellery Authority, through which testing capabilities are made available in the country. The upcoming facility in Surat marks the latest step in its expansion.
About ICA-GemLab
Established in 2016, ICA-GemLab is an independent gemological laboratory specialising in diamonds, coloured gemstones and jewellery. It issues a range of reports covering diamonds, coloured gemstones and jewellery, including identification of whether diamonds are natural or synthetic and detailed reports on jewellery. Headquartered in Bangkok, ICA-GemLab has facilities and offices in Dubai and Hong Kong, with the Surat laboratory set to expand its presence in the Indian subcontinent.
Business
Clastek Engineering Limited Filed DRHP With NSE Emerge
Mumbai (Maharashtra) [India], October 3: Clastek Engineering Limited, a Sriperumbudur-based integrated mould-to-component engineering company manufacturing injection moulds, moulded components and fixtures for the automobile, medical equipment, consumer durables and Electronics Manufacturing Services (EMS) industries, has filed its Draft Red Herring Prospectus with the Emerge Platform of the National Stock Exchange of India Limited (NSE Emerge) in preparation for its Initial Public Offering (IPO).
The IPO will comprise a Fresh Issue of up to 55,00,000 equity shares with a face value of ₹ 10 each, with no Offer for Sale component. The equity shares are proposed to be listed on the EMERGE Platform of the National Stock Exchange of India Limited.
The company’s objective is Expansion of its existing manufacturing facility at K-22 (2), SIPCOT Industrial Park, Mambakkam Village, Sriperumbudur, Tamil Nadu, Capital Expansion, Repayment or prepayment, in full or in part, of certain borrowings availed by the Company, Funding working capital requirements, and for general corporate purposes.
The Book Running Lead Manager to the Issue is GYR Capital Advisors Private Limited & Cameo Corporate Services Limited is the Registrar to the Issue.
About Clastek Engineering Limited
Incorporated in 2008, Clastek Engineering Limited manufactures injection moulds, moulded components and fixtures from its facility at SIPCOT Industrial Park, Sriperumbudur, Tamil Nadu. The company builds moulds for customer product designs with in-house mould design, manufacturing and proving to customer-specific requirements at par with Global standards, carrying them through the mass production of finished components. In 2024, Clastek diversified into fixtures for the EMS industry, alongside assembly fixtures and tools, and also provides preventive and breakdown services for fixtures and tools.
The company’s products include automotive and farm equipment interior and exterior precision aesthetic components such as console and storage tray, sun visor twin-shell, door trim parts, tractor instrument panels, shrouds, radiator grills and A-pillars, medical device housings and home appliances components, with the capability to manufacture large-dimension moulds of up to 2100 x 1600 mm. It holds ISO 9001:2015 and IATF 16949 certifications for the manufacture of injection-moulded components, and has exported both moulds and moulded components to the USA, Germany, and Hungary since 2019 and to Brazil since 2020.
The company operates from an approximately 3-acre site leased from SIPCOT, of which around 2 acres is available for expansion, and runs 24×7 operations on a three-shift system with 175 permanent employees, including 142 engineers and technicians, as of May 31, 2026. As of the date of the DRHP, its Order Book stood at ₹ 3,188.95 Lakhs across 37 customer orders.
For the period ended 31st March 2026, the company reported Revenue from Operations of ₹ 6,907.12 Lakhs, EBITDA of ₹ 1,694.60 Lakhs & PAT of ₹ 1,038.80 Lakhs.
