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In 2014, Warburg Pincus picked up a minority stake in Kalyan Jewellers for ₹ 700 crore and a second tranche of ₹ 500 crore in 2017. [3] In 2021, Kalyan Jewellers went public with an initial public offering (IPO). [4] [5] In 2022, the company onboarded Vinod Rai as its chairperson and independent non-executive director.
Kalyan Group is a holding company for the brands of Kalyan Silks, Kalyan Jewellers, Kalyan Developers, Kalyan Sarees and Kalyan Collections. [1] It is headquartered in Thrissur , Kerala , India. History
He started his first jewellery shop named Kalyan Jewellers in Thrissur City in 1993 with a capital of ₹50,00,000. Later, he expanded the business to 32 showrooms all over South India . In 2024, Forbes magazine's latest annual tally of billionaires has listed Kalyanaraman in 622th position with a net worth of US$5.4 billion .
A public offering is the offering of securities of a company or a similar corporation to the public. Generally, the securities are to be publicly listed. In most jurisdictions, a public offering requires the issuing company to publish a prospectus detailing the terms and rights attached to the offered security, as well as information on the company itself and its finances.
In September 2024, PNG Jewellers launched its initial public offering (IPO), with a total issue size of ₹ 1,100 crore (US$130 million), and listed on the BSE and NSE. [26] [27] The Gadgil family continues to own a 83% stake in the company. [6]
PC Jewellers faces various nationwide and regional competitions from prominent brands such as Tanishq, Senco, Kalyan Jewellers, and others. The company has consistently endeavored to expand its market share in the Indian jewellery retail sector.
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He is also the company's current chairman. In 2017 he has opened the 15th and world's largest jewellery showroom with 130000 sq feet space of Lalitha Jewellery by spending around 750 crores surpassing Malabar Gold's 110000 sq feet jewellery showroom. Lalitha Jewellery has 50 showrooms across India at present. [6] [12]