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Kalyan Jewellers

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Kalyan Jewellers
Company typePublic
BSE: 543278
NSE: KALYANKJIL
IndustryRetail; Gems & Jewellery
Founded1993; 31 years ago (1993)
FounderT. S. Kalyanaraman
HeadquartersThrissur, Kerala, India
Number of locations
277+ showrooms
Area served
Worldwide
Key people
T. S. Kalyanaraman (MD)
ProductsGold, Diamond, Platinum, Gemstone jewellery
Number of employees
8,000+
ParentKalyan Jewellers India Limited
SubsidiariesCandere, Kalyan Matrimony
Websitewww.kalyanjewellers.net Edit this at Wikidata

Kalyan Jewellers is an Indian multinational jewellery company, headquartered in Thrissur, Kerala. It was founded in 1993 by T. S. Kalyanaraman.[1] As of July 2024, Kalyan Jewellers operates 277 showrooms across India and the Middle East.[2]

History

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Kalyan Jewellers was established by T. S. Kalyanaraman, leveraging his family's experience in the textile and retail industries. The first store opened in Thrissur, Kerala in 1993. Following the success of the initial store, Kalyanaraman's sons, Rajesh Kalyanaraman and Ramesh Kalyanaraman, joined the family business.

Kalyan Jewellers expanded into major metropolitan areas as well as tier-2 and tier-3 cities in India. It has over 200 stores in India and a presence in the Middle East, with stores in the UAE, Qatar, Oman and Kuwait. The company's international expansion aims to cater to the Indian diaspora.

In 2014, Warburg Pincus picked up a minority stake in Kalyan Jewellers for ₹700 crore and a second tranche of ₹500 crore in 2017.[3]

In 2021, Kalyan Jewellers went public with an initial public offering (IPO).[4][5]

In 2022, the company onboarded Vinod Rai as its chairperson and independent non-executive director. Vinod Rai was the former Comptroller and Auditor General of India (CAG) and the former chair of the United Nations Panel of External Auditors.[6]

Candere

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In 2017, Kalyan Jewellers acquired a majority stake in Candere, an e-commerce jewellery platform. This acquisition enabled Kalyan Jewellers to establish an online presence. In May 2024, Kalyan Jewellers fully acquired Candere, which now operates as a retail brand offering jewellery through both its website and retail stores.[7]

Branding

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Kalyan Jewellers has engaged with actors such as Amitabh Bachchan, Jaya Bachchan, Katrina Kaif, and Nagarjuna to endorse its brand.[8]

T. S. Kalyanaraman has also released an autobiography called The Golden Touch.[9]

Financial performance

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In Q4 FY2024, Kalyan Jewellers reported a 34% increase in consolidated revenue compared to the previous year, driven by same-store sales growth and new showrooms. The company’s revenue for the 2023-24 fiscal year saw a 31% growth.[10]

References

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  1. ^ "Kalyan Jewellers - Overview and history of the company".
  2. ^ "- Kalyan Jewellers to enter US market, plans 70 new showrooms globally".
  3. ^ "Warburg Pincus announces Rs 500 crore investment in Kalyan Jewellers". The Economic Times. 3 April 2017. ISSN 0013-0389. Retrieved 1 October 2024.
  4. ^ "Kalyan Jewellers IPO opens today: Everything you need to know". The Indian Express. 16 March 2021. Retrieved 1 October 2024.
  5. ^ Stock exchange, Bombay. "Kalyan Jewellers IPO BSE" – via BSE Official.
  6. ^ "Ex-CAG Vinod Rai appointed as Kalyan Jewellers India chairman". Business Today. 28 March 2022. Retrieved 1 October 2024.
  7. ^ "Kalyan Jewellers acquires remaining 15% stake in Candere for Rs 42 crore - CNBC TV18". CNBCTV18. 3 June 2024. Retrieved 1 October 2024.
  8. ^ Jewellers, Kalyan. "Kalyan Jewellers | Brand Ambassadors". Kalyan Jewellers. Retrieved 1 October 2024.
  9. ^ Kalyanaraman, T. S. (26 November 2023). "The man with the golden touch". BusinessLine. Retrieved 1 October 2024.
  10. ^ "- Kalyan Jewellers Q4 results: Consolidated revenue up 34% on better demand".
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