TS Kalyan Raman, Chairman, and MD, of Kalyan Jewelers, is one of the richest jewelers in the country. Kalyan Raman opened his first jewelry shop in the city of Thrissur, Kerala in 1993 with an expenditure of 60 lakhs, and today he has 32 showrooms in South India itself. Kalyan Jewelers has recently told in an interview with Economic Times that they are going to bring their IPO into the market soon. Not only this, US-based PE firm Warburg Pintas firm has so far recorded $2 billion in earnings for Kalyan Jewellers.
Initial differences TS Kalyan Raman opened the first shop in the state of Kerala in South India in 1993. At the same time, he taught his clients to identify real gold so that they could avoid fraud by goldsmiths. TS Kalyanaraman was the first jeweler to put a price tag on his gold and gems collection. Due to this, the businessmen with him alleged that because of him their business has been ruined.
Kalyanaraman started a business at the age of 12 with the clothing business started by his father in 1906. Before taking up a home business, Kalyanaraman studied commerce at Sri Kerala Varma College and later opened his jewelry shop by spending 75 lakhs. Thereafter, Kalyanaraman never looked back, and founded a property company, Kalyan Developers, developing apartment units and villas in Thrissur. Kalyan Jewelers Expanded Its Business All Over India By Spending 30 Billion Rupees. Presently, Kalyan Jewelers has opened a total of 105 showrooms in India and South Asia. Join Film Stars Kalyan Jewelers has roped in many stars as its brand ambassadors, Amitabh Bachchan and Prabhu Ganesh. Not only this, Kalyan Jewelers used to give 100 million per year to Aishwarya Rai Bachchan for being the brand ambassador for two years. After this, in 2016, they made Sonam Kapoor a brand ambassador.
Official Website of Kalyan Jewellers https://www.kalyanjewellers.net/
High-flyer Kalyanaraman is the first billionaire from Kerala to own a jet. He bought a seven-seater Embraer Phenom 100 a year back, which is worth around 30 crores. By this jet, he travels all over India where his business is spread. India alone accounts for about 30 percent of the gold consumption. Out of this, about 45 percent of gold-made jewelry is traded in South India and according to Firstcall, this market will grow more rapidly in the coming times. Plain gold jewelry is prevalent in states like Tamil Nadu and Kerala, while studded jewelry is prevalent in Andhra Pradesh and Karnataka. Increase in investment rates Recently, global private equity major Warburg Pincus has invested Rs 500 crore in Kalyan Jewellers. Warburg has so far invested around Rs 1,700 crore. In the coming times, online jewelry firm Canadair will also invest Rs 35-40 crore, as the online time is increasing rapidly and Kalyan Jewelers also wants to increase its business in the online market.
So, friends, this was the story of T.S. Kalyan Raman founder of Kalyan jewelers, I hope you like this story, Thanks for reading.