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Kalyan Jewellers chalks expansion plan

Monday, 28 Jul 2014
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Kalyan Jewellers plans to invest Rs 1,400 crore in the current fiscal to set up new showrooms.


Kalyan Jewellers plans to set up 24 new showrooms across India and the Gulf countries. It will open 17 new stores in India with an investment of Rs 900 crore and 11 new stores in the Gulf countries with an investment of Rs 500 crore.


Of the new showrooms coming up in India, five will be in Kerala in Tier-II and III towns, including Attingal, Angamally and Adoor; three in Kolkata, and two each in Mumbai and Bangalore.


In the Gulf, the showrooms will be set up at Qatar, Kuwait, Dubai, Abu Dhabi and Bahrain.


At present, Kalyan Jewellers has 55 showrooms in India.

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