Thrissur – Kalyan Jewellers has announced that it will hit the 100 showroom mark by the end of this financial year by adding 14 new showrooms, with 7 in India and 7 in West Asia.
The company is investing Rs 350 crore to expand its distribution capabilities, especially in the Northern and Eastern regions of the country and will spend another Rs 250 crore for the proposed entry into Qatar.
In India, the company is consolidating its presence in the Eastern region by launching 2 showrooms in Kolkata. The company had made a foray into the East earlier this year with the Bhubaneswar showroom.
Kalyan is also making an entry into Rajasthan with 3 showrooms. It will be opening 2 showrooms in Chennai taking its tally to 5 in the country’s biggest jewellery market.
T.S. Kalyanaraman, Chairman and Managing Director of Kalyan Jewellers said that, “We have gradually expanded our footprint in the North and East regions of the country and the new launches in Rajasthan and Kolkata will further strengthen our presence. We have also had tremendous success in West Asia and this is prompting us to enter new GCC markets, with a sizeable Indian population.”
