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Tag: Rajesh Kalyanaraman

  • Kalyan Jewellers wins big at Retail Jeweller MD & CEO Awards

    Kalyan Jewellers wins big at Retail Jeweller MD & CEO Awards

    Mumbai: Kalyan Jewellers, one of India’s largest and most trusted jewellery brands, was honoured at the Retail Jeweller MD & CEO Awards, receiving accolades for ‘Exemplary Value Creation for Shareholders’ and ‘Best Strategic and Integrated Marketing of the Year.’

    Recognised on one of the industry’s oldest and most esteemed platforms, these awards underscore Kalyan Jewellers’ unwavering dedication to excellence and innovation. The recent edition of the awards ceremony, held at JW Marriott Sahar in Mumbai, saw the attendance of business leaders and dignitaries from India’s jewellery industry.

    Kalyan Jewellers earned the ‘Exemplary Value Creation for Shareholders’ award, highlighting its commitment to financial prudence and delivering sustained returns for investors throughout 2023. This achievement is attributed to consistent revenue growth and substantial gains in market share, acknowledging the company’s strategy for sustained growth in a capital-efficient manner.

    Additionally, Kalyan Jewellers was honoured with the ‘Best Strategic and Integrated Marketing of the Year’ for its outstanding campaigns. These campaigns leveraged hyper-local festivals like Chhath Puja, Durga Pujo, Pongal, etc., along with region-agnostic celebrations like Diwali, Independence Day, Teacher’s Day, etc. Whether paying tribute to the country’s armed forces through the iconic Independence Day campaign or capturing the emotional bond shared by families in its star-studded Diwali campaign, the brand has consistently demonstrated a remarkable commitment to engaging with its audience. Taking a distinctive approach, Kalyan Jewellers went beyond traditional festivals, strategically launching impactful campaigns on key observance days.

    Kalyan Jewellers India Ltd executive director Rajesh Kalyanaraman said, “We are honoured to receive these prestigious awards, which stand as a testament to our team’s hard work, dedication, and strategic vision throughout 2023. Our commitment to delivering exceptional value to both customers and shareholders remains steadfast as we embark on this next phase of the growth journey. These accolades inspire us to continue pushing boundaries and setting new benchmarks in India’s jewellery industry.”

     

  • Candere buy to help Kalyan Jewellers add 5-7% to its topline

    MUMBAI: Kalyan Jewellers, one of India’s trusted and leading jewellery brands, announced the acquisition of online jewellery firm Candere. The acquisition will augment Kalyan Jewellers presence in the growing online jewellery segment in India.

    Kalyan will acquire the equity held by Singularity Strategic, the family office of Brijesh Chandwani and Subram Kapoor. This is Kalyan Jeweller’s first strategic move of its kind as the company continues to pursue aggressive growth plans, both organically and inorganically.

    Established in 2013, Candere sells jewellery online in India, USA and UK. It has a portfolio of over 4,000 designs including a strong offering in the high growth diamond jewellery segment. This transaction will help Kalyan establish a strong presence in the ecommerce segment to complement its vast physical retail presence.

    Following the acquisition, Candere will be “powered by Kalyan Jewellers” as it continues to build resonance with existing and potential online jewellery shoppers. Kalyan Jewellers will significantly boost Candere’s customer offerings by virtue of its depth of merchandise, which caters to different market segments and customer tastes.

    Post Investment, Kalyan plans to launch some of its established sub-brands like Glo, Antara, Anokhi, Nimah, through the Candere online store. Through this investment, Kalyan will also be able to expand Candere’s geography into the growing West Asian market including UAE, Kuwait and Qatar thus augmenting Candere’s existing coverage.

    Kalyan will leverage its vast network of 105 showrooms and distributed supply chain across India and West Asia to enhance Candere’s fulfillment layer and work towards creating a robust online-offline hybrid customer experience.

    Kalyan Jewellers executive director Rajesh Kalyanaraman said, “Candere’s recent foray into UK and USA markets also helps Kalyan augment its ambition of becoming a global Indian brand. Both companies have strong design and manufacturing capabilities and the synergies therein will help strengthen our offering to existing as well as new customers. The integrated offline and online offering will provide customers more flexibility and convenience while enhancing their shopping experience.”

    “We believe that the online jewellery market offers tremendous growth potential and expect it to contribute 5-7% of our topline over the next five years. The acquisition will also accelerate contribution of our global revenues.’’

    Founder-promoter Rupesh Jain said, “Kalyan is a formidable jewellery brand and Candere will be able to scale up rapidly by using Kalyan’s strong supply chain network and physical presence. The integration will also provide up selling and cross-selling opportunities and bolster revenues.’’

  • Kalyan Jewellers expands in Punjab with Rs. 75 crore investment

    Kalyan Jewellers expands in Punjab with Rs. 75 crore investment

    MUMBAI: Kalyan Jewellers, one of India’s leading and trusted jewellery brands launched showrooms in Amritsar and Jalandhar launching the Northern leg of the company’s domestic expansion plan. On December 7, Kalyan’s national brand ambassador, Mrs. Aishwarya Rai Bachchan inaugurated both these showrooms. The showroom in Amritsar is located at Mall Road and the showroom in Jalandhar is located at Model Town. The expansion is part of Kalyan Jewellers’ efforts to expand its presence in Punjab with an investment of Rs. 75 crore in the two showrooms. Kalyan Jewellers is also present in Mohali and Ludhiana in Punjab.

    Kalyan Jewellers has added a record 11 showrooms in the last 60 days including inaugurating 5 showrooms on the same day in Kerala recently. Kalyan Jewellers will significantly boost its distribution network in the calendar year 2014 by over 30% with the addition of new showrooms.  

     

    T S Kalyanaraman, Chairman and Managing Director, Kalyan Jewellers, said, “We are delighted to launch our new showrooms in Amritsar and Jalandhar which are strategic locations in Punjab. We have timed the opening of the showrooms during the wedding season as we can cater to the demand of exquisite designs in gold and precious jewellery.  Our stringent quality standards have already struck a chord with the discerning customers in the state – a relationship which we are striving to grow.”  

     

    Rajesh Kalyanaraman, Executive Director, Kalyan Jewellers said, “The two new showrooms in Punjab will boost our presence in North India. We continue to be focused on the aggressive domestic expansion plan to boost our network to reach out to customers across the country.”

     

    Kalyan Jewellers recently attracted a significant investment of Rs. 1,200 crore from the private equity investor Warburg Pincus. The investment has accelerated the growth plans of Kalyan Jewellers as it consolidates its leading position in existing markets and forays into global markets including Singapore and Malaysia. Kalyan is already present in the UAE with nine showrooms and plans to expand into Kuwait and Qatar.

     

    Ramesh Kalayanaraman, Executive Director, Kalyan Jewellers said, “Our focus on enhancing our network during the year 2014 has been implemented and we have leveraged our recognition as a national brand by developing our presence in key markets across the country.”   

     

    Kalyan Jewellers has set industry level standards on customer experience, innovations and transparent pricing. The brand’s leadership position in the Indian jewellery industry is defined by a customer-centric business model that includes many “firsts” such as:

     

    • introducing BIS certification of gold jewellery

     

    • introducing a customer loyalty program, which today has more than  16 lakh members

     

    • pioneering the use of detailed price tags, thus demystifying making charges and providing increased transparency to customers, which has become a best practice in the industry

     

    • introducing the concept of neighbourhood customer service centers in the jewellery industry under the “My Kalyan” brand