 | |
| Company type | Public |
|---|---|
| BSE: 543278 NSE: KALYANKJIL | |
| Industry | Jewellers |
| Founded | 1993 |
| Founder | T. S. Kalyanaraman |
| Headquarters | Thrissur, Kerala, India, Thrissur, Kerala, India |
Number of locations | 277+ stores (2024) |
Area served | Worldwide |
Key people | T.S. Kalyanaraman (MD) Rajesh Kalyanaraman (ED) Ramesh Kalyanaraman (ED) Vinod Rai (Chairman) |
| Products | Jewellery |
| Revenue | ₹15,859 crore |
| Owner | Kalyan Jewellers [1] |
Number of employees | 8,000 |
| Website | www |
Kalyan Jewellers, founded in 1993 by T.S. Kalyanaraman, is one of India's largest jewellery companies. Headquartered in Thrissur, Kerala, the company has grown significantly, establishing a presence both domestically and internationally. [2]
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. Their involvement facilitated the company's expansion and diversification into new markets and product offerings. As of July 31, 2024, Kalyan Jewellers operates 277 showrooms across India and the Middle East. [3]
Kalyan Jewellers has expanded by targeting both major metropolitan areas and tier-2 and tier-3 cities in India. It has over 200 stores in India and a significant presence in the Middle East, with stores in the UAE, Qatar, Oman and Kuwait.
Warburg Pincus India, in 2014, picked up a minority stake in Kalyan Jewellers for Rs 1200 crore and a second tranche of ₹500 crore in 2017, representing the largest such investment in the jewellery industry in India. [4]
The company's international expansion aims to cater to the global Indian diaspora. In 2021, Kalyan Jewellers went public with an initial public offering (IPO). The company has also enhanced its online presence to meet evolving customer needs. [5]
In 2022, the company onboarded, Mr. Vinod Rai as their 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]
Kalyan Jewellers offers a wide range of jewellery, including traditional bridal pieces, lightweight and studded jewellery, and modern designs. The company has also ventured into men's jewellery with the Senhor line. Additionally, Kalyan Jewellers offers investment-grade gold coins and bars.
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]
Kalyan Jewellers is involved in various corporate social responsibility (CSR) initiatives, focusing on education, healthcare, and community development. Their 'My Gold, My Right' campaign aimed to educate consumers about the purity and value of gold. [8]
Kalyan Jewellers has received accolades for its retail, customer service, and marketing efforts. The brand is known for its transparent business practices.
Kalyan Jewellers has engaged several high-profile celebrities as brand ambassadors, including Amitabh Bachchan, Jaya Bachchan, Katrina Kaif, and Nagarjuna. These endorsements have boosted the brand's visibility. [9]
Mr. T.S. Kalyanaraman has also released an autobiography called the “Golden Touch”: The success story of Kalyan Jewellers which has been well received by many budding entrepreneurs. The book is a personal account of his journey from humble beginnings in Thrissur to establishing one of the largest jewellery chains in the country. [10]
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 despite rising gold prices. [11]
Kalyan Jewellers plans to continue expanding, particularly in non-South markets in India, while enhancing its digital capabilities. The company plans to launch additional showrooms and further integrate digital and physical retail experiences. The company will also expand its operations in America, with a new showroom expected to be ready before Diwali 2024. [12]
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