Kalyan Jewellers CMD makes it to the Forbes list of billionaires

T.S. Kalyanaraman, Chairman and Managing Director; Kalyan Jewellers has made it to the Forbes list of billionaires. Kalyanaraman's net worth is $ 1 Billion (5400 crore Indian Rupees) as per the Forbes List.

Speaking on the occasion, Mr. Kalyanaraman said; "I feel privileged to be a part of the elite Forbes list. This however, would not have been possible without the support of our customers. We at Kalyan Jewellers have always advocated fair trade and transparency in the jewellery retail trade. All this has held Kalyan Jewellers in good light. I attribute this success to all our customers and thank them for this privilege"

Kalyan Jewellers is the single largest company owned Jewellery retail chain in the country in terms of number of showroom and turn over with the single maximum bullion purchase from SBI in jewellery retail crossing 5 tons. He owns 45 stores in India and plans to open 36 more by March 2014, including five in the Middle East.

Kalyan has been at the forefront of pioneering efforts to educate the public of cheating and malpractices in gold quality and pricing through their campaign 'Fight against Impure Gold'.

Source : Equity Bulls

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