Kalyan Jewellers Has Big Plans for 2017

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Kolkatta: Kalyan Jewellers, which launched 17 showrooms in 2016, plans to invest over Rs. 500 crore in 2017 to expand its network of showrooms as part of its plans to enhance its presence in the domestic and international markets, which include  central and northern parts of the country and the UAE.

The company is also looking to increase its reach with a digital foray and launch new sub brands in gold, diamond and precious jewellery to cater new segments of customers.

Speaking about 2017’s expansion plans, T S Kalyanaraman, Chairman and Managing Director, Kalyan Jewellers, said, “We have gradually expanded our footprint in the northern and eastern parts of the country during 2016. We have also had tremendous success in West Asia, and Kalyan Jewellers has been well received after our recent foray into Qatar market. The brand strategy of investing in sub-brands has worked well with the customers. We are committed to invest in growth capital, including pursuing inorganic opportunities during 2017.”

Kalyan Jewellers caters to over 1.6 million customers globally, which includes a significant amount of repeat customers.

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