Tuesday, 14 July 2026 MUMBAI EDITION LIVE

Manager Steals 6.1kg Gold from Mumbai Jewellery Firm

A 15-year manager has been accused of stealing gold from his employer. The theft is valued at 6.1kg.

Mumbai Alert · City Desk
Mumbai Alert · City Desk
City Desk · Mumbai Alert News · Tue, 14 July 2026 at 08:40 am
Manager Steals 6.1kg Gold from Mumbai Jewellery Firm

A shocking case of theft has come to light in Mumbai's Dagina Bazaar, where a manager has been accused of stealing 6.1kg of gold from his employer, a prominent jewellery firm.

The complainant, Vinit Ranawat, 47, owns Sanghavi Dhanrupji Devaji and Company, a well-known gold and silver jewellery business. The accused, Mitesh Kothari, had been working as the firm's manager for the past 15 years, earning the trust of his employer.

Mitesh Kothari's uncle, Narendra Kothari, was previously employed by the company as an accountant, which may have given Mitesh insight into the company's financial dealings. The police are currently investigating the case and have not yet disclosed how the theft was discovered or what measures the company had in place to prevent such a large-scale theft.

The theft of 6.1kg of gold is a significant loss for the company, and the police are working to recover the stolen gold and bring the accused to justice. The case highlights the importance of trust and loyalty in business relationships, as well as the need for robust security measures to prevent theft.

Sanghavi Dhanrupji Devaji and Company is a reputable business in Mumbai's jewellery market, and the theft has sent shockwaves through the industry. The company's reputation and trust among its customers and employees are at stake, and it remains to be seen how the company will recover from this significant loss.

The police investigation is ongoing, and more details are expected to emerge in the coming days. The case serves as a reminder of the risks associated with trusting employees with valuable assets and the need for businesses to have robust security measures in place.

In recent years, there have been several cases of theft and fraud in Mumbai's business community, highlighting the need for increased vigilance and security measures. The case of Mitesh Kothari is a stark reminder of the importance of trust and loyalty in business relationships.

The incident has also raised questions about the company's internal controls and security measures. It is unclear at this point how the theft was able to occur without being detected earlier, and the company may face questions about its accounting and auditing practices.

As the investigation continues, the people of Mumbai are left to wonder how such a large-scale theft could occur in a reputable business. The case serves as a reminder of the importance of trust, loyalty, and security in business relationships, and the need for companies to be vigilant in protecting their assets.

The significance of this case lies in its impact on the business community in Mumbai. It highlights the need for companies to have robust security measures in place and to be mindful of the risks associated with trusting employees with valuable assets. As the city's business community continues to grow and evolve, cases like this serve as a reminder of the importance of trust, loyalty, and security in business relationships.

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