Company type | Public |
---|---|
BSE: 543278 NSE: KALYANKJIL | |
Industry | Jewellers |
Founded | 1993 |
Founder | T. S. Kalyanaraman |
Headquarters | Thrissur, Kerala, India |
Area served | India Middle East |
Key people | |
Products | Jewellery |
Owner | Kalyan Jewellers [3] |
Number of employees | 8,000 |
Website | www |
Kalyan Jewellers is an Indian chain of jewellery showrooms. [4] It was founded by T. S. Kalyanaraman in 1993. The company opened its initial public offering on March 16, 2021, and was publicly listed on March 26, 2021. [5]
Kalyan Jewellers was founded by T. S. Kalyanaraman, who opened the first jewellery showroom in 1993 in Thrissur, Kerala, India with an initial capital of ₹75 lakh (US$94,000). [6] The company also has roots in the textile trading, distribution and wholesale business. [7]
Initially, Kalyan Jewellers strengthened their presence in the South Indian states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh and Telangana. In 2012, they expanded outside South India by opening a showroom in Ahmedabad, Gujarat and signed Amitabh Bachchan as their first National Brand Ambassador. [8]
In 2013, Kalyan Jewellers entered International markets by opening six showrooms on the same day in UAE. [9] Since then it has grown to operate 30 showrooms in the Middle East across UAE, Qatar, Kuwait and Oman. As of February, 2020 Kalyan Jewellers has a wide presence of over 137 showrooms, of which 107 are in India and the remaining 30 on the Middle East. [10]
The company has also set up ‘My Kalyan’, a customer service center, offering advance booking for wedding purchases, Kalyan Gold Purchase Advance Scheme, Gold Insurance for gold ornaments, etc. Currently, there are over 761 ‘My Kalyan’ outlets in India. [11] [12]
In 2012, Kalyan Jewellers signed Amitabh Bachchan as its first National brand ambassador. Amitabh Bachchan and Jaya Bachchan are the Global brand ambassadors, while their daughter Shweta Bachchan Nanda is the celebrity influencer. [13] [14] Later, Katrina Kaif was also hired to endorse the brand globally in April 2018. [15]
Kalyan Jewellers has also partnered with several leading celebrities to be regional brand ambassadors, including Manju Warrier and Kalyani Priyadarshan in Kerala, Nagarjuna Akkineni in Andhra Pradesh and Telangana, [16] Shiva Rajkumar in Karnataka, Prabhu Ganesan in Tamil Nadu. [17]
In 2023, actress Rashmika Mandanna was announced as the brand ambassador of Kalyan jewellers to endorse it in South India. [18]
In the past, Kalyan Jewellers has been represented by Bollywood celebrities like Sushmita Sen, [19] Aishwarya Rai, [20] and Sonam Kapoor. [21] While Shah Rukh Khan represented them in the Middle East. [22] [23]
Aishwarya Rai Bachchan was paid ₹10 crore (US$1.3 million) per year for a two-year deal with Kalyan Jewellers to be a nationwide brand ambassador, which was formerly Sushmita Sen. The advertising and marketing budget of Kalyan is around ₹90 crore (US$11 million) [24]
Later they also signed several regional brand ambassadors like Pooja Sawant in Maharashtra, Kinjal Rajpriya in Gujarat, Wamiqa Gabbi in Punjab, and Ritabhari Chakraborty in West Bengal. [25]
In 2015, Kalyan Jewellers withdrew a controversial advertisement featuring Aishwarya Rai Bachchan after an open letter described it as 'insidiously racist' and huge flak. [26] The company said, "the creative was intended to present royalty, timeless beauty, and elegance". [27]
In 2018, Kalyan Jewellers was embroiled in a controversial commercial starring Amitabh Bachchan and his daughter Shweta Nanda. [28] The Jewellers have withdrawn the advertisement after being criticized by the All India Bank Officers’ Confederation for allegedly depicting banks negatively. The bankers were threatened court cases, boycott calls and even a dharna against Kalyan Jewellers. [29]
In March 2020, Kalyan Jewellers released ₹10 crore (US$1.3 million) fund for COVID-19 relief work. [30]
On March 11, 2021, Livemint reported that Kalyan Jewellers would be opening an initial public offering worth ₹1,175 crores on 16 March. The company is backed by Warburg Pincus and will offer fresh equity shares worth ₹800 in this debut public issue. It had attempted an IPO earlier but had called it off due to unfavorable market conditions. [31]
It was listed on the National Stock Exchange of India and the Bombay Stock Exchange on March 26, 2021. Its shares are listed at a 15% discount compared to the offer price. [32]
Over the years, Kalyan Jewellers has launched various product lines. Some of their jewellery collections are: [33] [34] [35] [36]
Amitabh Bachchan is an Indian actor who works in Hindi cinema. With a cinematic career spanning over five decades, he has played pivotal roles in over 200 films. Widely recognised as one of the greatest actors of all time, he is considered to be amongst the most accomplished and influential actors in the history of Indian cinema. Bachchan is often hailed as the Shahenshah of Bollywood, Sadi Ke Mahanayak, Star of the Millennium, or simply Big B. His dominance in the Indian film industry during the 1970s–80s led the French director François Truffaut to describe it as a "one-man industry".
Abhishek Bachchan is an Indian actor and film producer known for his work in Hindi films. Part of the Bachchan family, he is the son of actors Amitabh Bachchan and Jaya Bachchan. From 2012 to 2016, Bachchan appeared in Forbes India's Celebrity 100 list, based on his income and popularity.
Jaya Bachchan is an Indian actress and politician. She has served as a member of parliament in the Rajya Sabha from the Samajwadi Party. Known for her work in Hindi films, she is noted for reinforcing a natural style of acting in both mainstream and "middle-of-the-road" cinema. A recipient of several accolades, she has won a record nine Filmfare Awards and the Padma Shri, the fourth-highest civilian honour awarded by the Government of India.
The Bachchan family is a prominent Indian family associated with and involved in the Hindi film industry and politics.
Sarkar Raj is a 2008 Indian Hindi-language political crime thriller film directed by Ram Gopal Varma. The film is a sequel to the 2005 film Sarkar and the second installment of the Sarkar film series. The film was premiered at the 2008 Cannes Film Festival, the New York Asian Film Festival, and the 9th IIFA World Premiere-Bangkok.
Khakee is a 2004 Indian Hindi-language neo-noir action thriller film directed by Rajkumar Santoshi and written by Santoshi and Sridhar Raghavan around an Indian police team on a mission to escort an accused terrorist from a small town in Maharashtra to Mumbai. The film stars Amitabh Bachchan, Akshay Kumar, Ajay Devgn, Aishwarya Rai and Tusshar Kapoor. It was produced by Keshu Ramsay and distributed by Eros International, with cinematography handled by K. V. Anand.
Aishwarya Rai Bachchan is an Indian actress who is primarily known for her work in Hindi and Tamil films. Rai won the Miss World 1994 pageant and later established herself as one of the most-popular and influential celebrities in India. She has received numerous accolades for her acting, including two Filmfare Awards. In 2004, Time magazine named her one of the 100 most influential people in the world. In 2009, the Government of India honoured her with the Padma Shri and in 2012, the Government of France awarded her with the Order of Arts and Letters. In the 2000s and 2010s, media often called her "the most beautiful woman in the world".
Joy Alukkas is an Indian businessman from Kerala. He is the chairman and managing director of Joyalukkas Group. According to a 2023 Forbes report, he has a net worth of $4.4 billion.
Tribhovandas Bhimji Zaveri Ltd. (TBZ) is a noted Indian jeweller and jewellery retail chain based in India. Established in 1864 by Tribhovandas Bhimji Zaveri in Zaveri Bazaar, the jewellery district of Mumbai, it was subsequently headed by his son, Gopaldas Tribhovandas Zaveri, and now Shrikant Zaveri, is the present chairman and managing director of the group. The company today, has 37 showrooms in 23 cities across eleven states, including Mumbai, Surat, Kochi, Bhopal, Hyderabad, Kolkata, and Rajkot The company proposed an Initial Public Offer (IPO) in July 2011.
Bhima Jewellers is a jewellery retail company based in India. It was established by Bhima Bhattar in the year 1925. As of June 2023, the group has 116 jewellery shops across South India and more than 2000 employees. Bhima Jewellers were the first jewellery store to introduce ready-made jewellery concept under the guidance of its founder Bhima Bhattar.
M. P. Ahammed is an Indian businessman and the chair of the Malabar Group of Companies. He is also the founder of Malabar Gold and Diamonds, one of the world's largest retail jewellery groups.
Gem & Jewellery Export Promotion Council (GJEPC) is an organisation set up by the Government of India (GOI) with aim to promote the Indian gem and jewellery industry and its products.
V. A. Shrikumar is an Indian ad film, feature film director and businessman. He has directed more than 400 commercials for various brands. He is the chairman and managing director of Push Integrated Communications, a marketing company. He directed his debut feature film Odiyan in 2018. Despite mixed reviews, it was a major commercial success at the box office, becoming one of the highest-grossing Malayalam films of all time. Before the arrival of K.G.F: Chapter 2, Odiyan was the holder of the first day's highest box office opener in Kerala, by collecting more than 7 crores.
Candere was founded in 2012 by Rupesh Jain and Ashish Bajaj as an Indian online portal for Gold, Diamond, Gemstone, Platinum jewellery and gold coins. Candere is a Latin word which means to glow or shine.
Kalyan Sarees is a women's clothing showroom based in Kerala known for their traditional handwoven bridal Sarees and Lehengas.
Shweta Bachchan Nanda is an Indian columnist, author, and former model. She has been a columnist for Daily News and Analysis and Vogue India, and is the author of the bestselling novel Paradise Towers. She has worked as a model for television advertisement, and in 2018 launched her own fashion label, MXS.
Malabar Gold & Diamonds is an Indian jewellery group headquartered in Kozhikode, Kerala. The company was founded by M. P. Ahammed in 1993. As of May 2023, it owns more than 330 showrooms across 11 countries, making it one of the largest chains of jewellery retailer in the world. The company also owns Malabar Watches, a network of luxury watch boutiques operating across India.
P.N.Gadgil Jewellers Limited, also known as Purshottam Narayan Gadgil Jewellers, is an Indian jewelry company founded by Ganesh Gadgil in Sangli in 1832. It's one of the oldest jewelry companies in India, known for its production of jewelry distinctive to the Maharashtra region. As of September 2022, PNG Jewellers had 35 stores globally, with 33 in India, one in the USA, and another in Dubai.
M Kiran Kumar is an Indian businessman and the chairman of Lalitha Jewellery and philanthropist from Nellore, Andhra Pradesh. He is also the managing director of Lalitha Jewellery, one of India's largest retail jewellery advertiser on TV and world's largest jewellery showroom owner having 1,30,000 sq ft surpassing Malabar Gold showroom having 1,10,000 sq feet.