History of Kalyan Jewellers India Limited

_x000D_ Kalyan Jewellers India Limited was established in 1993 in Thrissur, Kerala. They are one of the largest jewellery companies in India. They offer a comprehensive range of gold, diamond, pearl, and other jewellery products at different prices. Their product basket comprises various items suitable for special events like weddings as well as daily wear._x000D_ _x000D_ In 2003, the company has started providing hallmark jewellery. Kalyan Jewellers India Limited was the earliest adopter of offering Bureau of Indian Standards (BIS) hallmarking jewellers in India, even before the government mandated it. The company opened their second showroom in Coimbatore in 2004. In 2007, they introduced rate tags. They started offering a transparent pricing system, i.e., a detailed price tag will be provided on every product. Eventually, over the years, the company started entering various regions in India._x000D_ _x000D_ In 2014, Kalyan Jewellers India raised private equity from Warburg Pincus for the first time and in 2021, the company went public. It is listed on NSE and BSE.  As of FY 2023, the company has 10,170 employees and 182 showrooms in India and the Middle East. They further are planning to expand into other regions, including Singapore, USA, Sri Lanka, Malaysia, etc._x000D_ _x000D_ Along with 180+ offline stores, the company also offers an online shopping platform through their company, Candere. On this platform, customers can purchase different jewellery and get them customised as well._x000D_

Business Segments of Kalyan Jewellers India Limited

_x000D_ The primary business segments of Kalyan Jewellers India Limited are:_x000D_

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• Gold Jewellery: Under this, the company offers various gold products, including rings, earrings, necklaces, bracelets, bangles, gold coins, and much more. They offer 10K, 14K, 22K, etc. variants of gold.
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• Studded Jewellery: Under this segment, the company offers accessories studded with precious stones like rubies, emeralds, diamonds, etc.
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• While Gold and Platinum: Along with gold ornaments, they also offer white gold and platinum jewellery.
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_x000D_ As of March 31, 2023, there are several subsidiaries under Kalyan Jewellers India Limited, and a few of them are:_x000D_

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• Enovate Lifestyles Private Limited: This wholly-owned subsidiary of Kalyan Jewellers India Limited designs jewellery and does business as Candere.
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• Kalyan Jewellers Inc, USA: This is a wholly-owned subsidiary of the company that was established to expand its business in the USA.
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• Kalyan Jewellers FZE, UAE: This is a wholly-owned subsidiary of the company that is responsible for its operations in the UAE.
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Key Personalities of Kalyan Jewellers India Limited

_x000D_ T.S. Kalyanaraman, Chief Managing Director _x000D_ _x000D_ T.S. Kalyanaraman is the Chairman and the Chief Managing Director of Kalyan Jewellers India Limited. He has about 46 years of experience in the retail industry and 26 years of experience in the jewellery industry. He is the third-generation entrepreneur of the Kalyan family._x000D_

Corporate Actions of Kalyan Jewellers India Limited

_x000D_ There are no records of bonus shares or stock split from Kalyan Jewellers India Limited._x000D_

SWOT Analysis of Kalyan Jewellers India Limited

_x000D_ Strengths_x000D_

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• One of the largest jewellery companies in India with a solid pan-India network of showrooms.
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• Offers a comprehensive range of products, making them a one-stop solution for jewellery purchases.
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_x000D_ Weakness_x000D_

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• The competition in this industry is high due to challenges from unorganised players.
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_x000D_ Opportunities _x000D_

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• The organised jewellery retail market in India is projected to grow.
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• Can look for opportunities in the SURU(Ladakh)areas, where the organised jewellery market has less competition.
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_x000D_ Threats_x000D_

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• Gold prices are volatile, which impacts the demand amongst the customers.
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