Warburg Pincus has purchased a minority stake in Kalyan Jewellers, worth Rs 1,200 crore. This takes the jewellery retail chain to Rs 12,000 crore, making it the largest investment in the sector.

The investment will be utilised to come up with a retail chain in the northern and western part of India. It plans to have a retail chain in the Middle East and South East Asia. By July 2015, Kalyan Jewellers will add 28 stores in India. Also, it will build stores in Singapore, Malaysia, Qatar and Kuwait.

Kalyan Jewellers is one of the largest jewellery makers and distributors in India. It has built 55 stores across this country in Maharashtra, Gujarat, Punjab, the National Capital Region and in the south too. Apart from this, it has six stores in the United Arab Emirates.

Warburg Pincus - the global private equity fund, has invested in 720 companies in more than 35 countries.