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Kalyan Jewellers has been planning to invest over Rs 500 crore in this year for expansion of its geographic footprint through opening 15 new showrooms.
T S Kalyanaraman, Chairman and Managing Director of the company has said that “We gradually expanded our footprint in the Northern and Eastern regions of the country last year. We also had tremendous success in West Asia and Kalyan Jewellers has been well received after our recent forays in Qatar. We are committed to invest in growth capital including pursuing inorganic opportunities in 2017.”
He added that “Kalyan Jewellers which launched 17 showrooms in 2016, plans to invest over Rs 500 crore in 2017 towards its network expansion to open 15 new showrooms. The brand plans to foray into Central India and expand its presence in UAE and the Northern part of India.”
