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2015-05-25

Warburg Pincus backed Kalyan Jewellers expands in NCR; targets Rs 13K cr revenue by year-end

Headquartered in Thrissur in the state of Kerala, the company is investing Rs 800 crore this fiscal to open 22 showrooms in India and West Asia.

Known for setting industry benchmarks in quality, transparent pricing, and pursuing fair and ethical business practices, India's leading and trusted jewellery brand Kalyan Jewellers has announced the opening of two new showrooms in Gurgaon and Noida to consolidate its presence in the NCR region.

The company has invested Rs 70 crore in the two new showrooms. With these showrooms, Kalyan Jewellers will now have a total of five exclusive showrooms in the NCR region and a total of nine showrooms in Northern India - including Jalandhar and Amritsar.

Speaking on the occasion, T.S.Kalyanaraman, Chairman and Managing Director, Kalyan Jewellers said, "The showrooms have been launched given the positive consumer sentiment in NCR. NCR is a critical growth driver for the company as the region has grown rapidly and offers tremendous opportunity. Our wide range of designs will offer a compelling proposition for connoisseurs of jewellery and cater to distinct needs of the local communities."

L-R: Rajesh Kalyanaraman Executive Director; Vimla Nathan - MLA Noida; T.S. Kalyanraman CMD; Ramesh Kalyanaraman Executive Director

Kalyan Jewellers has been aggressively expanding its distribution network after the equity infusion. Recently Warburg Pincus, a leading global private equity investor, invested $200 million for a minority stake in the company.

Headquartered in Thrissur in the state of Kerala, the company is investing Rs 800 crore this fiscal to open 22 showrooms in India and West Asia. Kalyan Jewellers plans to enhance its distribution network by 30 per cent and is targeting revenues of Rs 13,000 crore by the end of the financial year. The company is also ramping up manufacturing operations and plans to have India's biggest production house by 2017.

Today, Kalyan has emerged as a strong national player with presence across South India, Maharashtra, Gujarat, National Capital Region (NCR) and Punjab, and has a network of 79 exclusive showrooms in India and West Asia. It targets to have 100 showrooms by the end of the year.

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