Kalyan Jewellers

Kalyan Jewellers

Kalyan Jewellers showroom in Thrissur City, Kerala
Company type	Public
Traded as	BSE: 543278 NSE: KALYANKJIL
Industry	Retail; Gems & Jewellery
Founded	1993; 31 years ago (1993)
Founder	T. S. Kalyanaraman
Headquarters	Thrissur, Kerala, India
Number of locations	277+ showrooms
Area served	Worldwide
Key people	T.S. Kalyanaraman (MD)
Products	Gold, Diamond, Platinum, Gemstone jewellery
Owner	Kalyan Jewellers[1]
Number of employees	8,000+
Parent	Kalyan Jewellers India Limited
Subsidiaries	Candere, Kalyan Matrimony
Website	www.kalyanjewellers.net

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 700 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]

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 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.^[8]

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.^[9]

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.^[10]