With a VIEW TO EXPAND ITS BASE IN India and abroad, Kalyan Jewellers, the single largest directly-owned jewellery retail chain in the country, is targeting a turnover of INR 15,000 Crore by the end of FY 2014-15. The future growth of the company will be driven by the launch of about 40 outlets over the next two years. At present, the company has 58 outlets in India and abroad. “For 2013-14, our turnover is INR 9,400 Crore against the turnover of INR 8,400 Crore during the previous fiscal, which reflects the significant growth we achieved with the addition of just nine showrooms in that period,” said TS Kalyanaraman, Chairman of Kalyan Jewellers. The company is now planning to expand in states including Delhi NCR, West Bengal, Orissa, Mumbai and Ahmedabad. It is also expanding in the Gulf region, with a goal to set up outlets in the Emirates of Kuwait, Qatar and Bahrain. “We have already entered Dubai and we plan to expand in other regions of the UAE, as the market there is huge and there is lot of scope for growth,” said Kalyanaraman.
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