T.S. Kalyanaraman of Kalyan Jewellers makes it to the Forbes List of Billionaires 2014

T.S. Kalyanaraman, Chairman and Managing Director; Kalyan Jewellers has made it to the Forbes list of billionaires. Kalyanraman's net worth is Rs. 6300 crore as per the Forbes List. Mr. Kalyanarama has made it to the Forbes List consecutively, his net worth has grown by 1100 crores, he was valued at Rs. 5200 crores in the Forbes List of Billionaires 2013.

Speaking on the occasion, Mr. Kalyanaraman said; "I am delighted to be part of the Forbes list and dedicate the accomplishment to my loyal customers, employees and all well-wishers. It's an honour for Kalyan's ethical business practices and path-breaking marketing efforts as well. I am glad to say that Kalyan Jewellers has done well in these trying times and holds a great promise ahead. Our expansion to the UAE has been well received hence we hope to reach more destinations in the GCC this year."

Kalyan Jewellers is the single largest company owned Jewellery retail chain in the country in terms of number of showrooms. The company owns 58 stores in India with a turnover of Rs. 9400/- crores this financial year. The company plans to open 19 more showrooms with an investment of 1000 cores and is targeting a turnover of Rs. 15000 /- for the next year.

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

Keywords