Kalyan Jewellers, a leading jewellery brand in the GCC region and India, has announced its foray into Qatar. The company is making a grand entry by opening seven showrooms in Doha on a single day later in the month, marking the largest number of showrooms inaugurated in a day in the company’s history.
Kalyan Jewellers’ global brand ambassador and film icon Amitabh Bachchan will inaugurate the showrooms in his maiden visit to Qatar. He will be accompanied by popular brand ambassadors and film stars Nagarjuna, Prabhu Ganesan and Manju Warrier for the launch.
Kalyan has been steadily expanding its presence in the GCC region since it launched its international operations. In two years the company has opened over 40 showrooms in India and the GCC region. Kalyan Jewellers is also slated to achieve a milestone of 100 showrooms by the first half of the year.
‘’We have registered a healthy double digit growth rate in our business in the GCC and believe that the Qatar presence is critical for us to push the GCC share of the group turnover to the 40% mark, which is our medium-term target,” said T S Kalyanaraman, chairman and managing director of Kalyan Jewellers.
“Qatar is a robust retail market of $12.4bn, driven by a growing population and an increasing expatriate population. We also believe that the country’s affinity for luxury goods makes it a compelling proposition for Kalyan, given our strong portfolio of high-end fashion jewellery as well as jewellery for daily wear in contemporary and traditional motifs.’’
Kalyan has been rapidly expanding its distribution operations, both in India and West Asia. The company was the first to attract the largest private equity investment of $200mn by Warburg Pincus in the jewellery sector in India in 2014. Kalyan had made an emphatic entry into the GCC region by launching six showrooms on a single day in the UAE.
Kalyan Jewellers, which has the brand promise of ‘Trust is Everything,’ claims one of the largest customer loyalty programmes with more than 2.8mn members. Headquartered in Thrissur in the south Indian state of Kerala, Kalyan Jewellers is one of the largest jewellery manufacturers and distributors in India. The company leverages its strong roots of over a century in the business of textile trading, distribution and wholesaling.
Starting with the first jewellery showroom in 1993, Kalyan Jewellers has enjoyed a presence in the Indian market of over two decades. As on February 2016, Kalyan Jewellers has grown to 87 showrooms across India and West Asia, offering an array of traditional and contemporary jewellery designs in gold, diamonds and precious stones.
T S Kalyanaraman, chairman and managing director of Kalyan Jewellers
