As per an article in Business Standard, Thrissur based Kalyan Jewellers is planning to expand in the North with its first outlet coming up in Mohali in Punjab. This will be followed by stores in Ludhiana, Amritsar and Delhi. A south based company, with a strong presence in the 4 southern states, the company had last year had opened stores in the west in the states of Gujarat and Maharashtra (Mumbai).
A flagship of the 100-year old Kalyan Group, which has its origins in textile manufacturing and retailing, the jewelry retail chain was launched in 1993, and now has 51 showrooms across the 4 southern states, Maharashtra and Gujarat. The Chairman of Kalyan Jewellers, T.S. Kalyanaraman has been featured on the Forbes List of Billionaires – 52nd in India and 1342nd globally.
In the current year, the company has plans to add 15 more stores. Besides India, it has plans to move overseas with stores in UAE initially and later in Singapore, Malaysia and Sri Lanka. The company is expecting to touch a turnover of Rs. 13,000 crore this year, up from Rs. 10,000 crore in the last fiscal.