Kalyan Receives Rs. 500-crore Additional Investment from Warburg Pincus

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Kochi: Kalyan Jewellers has received an additional investment of Rs. 500 crore from Warburg Pincus, the US private equity firm, taking the total investment of the firm in the company to Rs. 1,700 crore. In 2014, it had invested Rs. 1,200 crore in Kalyan Jewellers.

“The company plans to nearly double its presence to 200-plus showrooms using a combination of equity, debt and internal accruals. We will continue with our strategy to innovate and expand our product portfolio to fulfill local customer preferences across regions. Kalyan is also working on a blueprint for a foray into the e-commerce segment, which will complement our physical retail network,” T S Kalyanaraman, chairman and managing director, Kalyan Jewellers, told the media.

In the next three years, Kalyan Jewellers will build its presence in the central region of the country, including Uttar Pradesh and Madhya Pradesh, and add new showrooms in Mumbai, Delhi and the southern region. It is also looking to enter new markets such as Saudi Arabia, Bahrain, Oman, Singapore and Malaysia.

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