Kalyan Jewellers to invest over Rs 500 crore for expansion

Times of India 06-Jan-2017

CHENNAI: Kalyan Jewellers plans to invest over Rs 500 crore in 2017 to open 15 new showrooms.

 “We gradually expanded our footprint in the northern and eastern regions of the country last year. We also had tremendous success in West Asia. Kalyan Jewellers has been well received after our recent foray in Qatar. We are committed to invest in growth capital including pursuing inorganic opportunities in 2017,” its chairman and managing director T S Kalyanaraman said.

The company said it is looking to augment its reach with investment in digital foray and re-launch of its purchase advance scheme, compliant with the prevailing regulations.

Kalyan Jewellers, which operates over 100 stores, will launch new sub brands in gold, diamond and precious jewellery to cater new segments of customers.

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