Kalyan Jewellers’ first showroom in Ayodhya inaugurated by Amitabh Bachchan

This is the brand’s 250th showroom globally, marking its foray into Ayodhya. The brand introduced curated designs in their Nimah collection which pays homage to the narratives of the Ramayana and Indian mythology

Ayodhya: Kalyan Jewellers has launched its 1^st showroom in Ayodhya, which was inaugurated by the company’s brand ambassador Amitabh Bachchan. The launch celebrations marked the momentous milestone of the company’s 250^th showroom globally. T S Kalyanaraman, Managing Director of Kalyan Jewellers along with the Executive Directors – Rajesh Kalyanaraman and Ramesh Kalyanaraman were present at the inauguration. The brand-new showroom promises a luxurious shopping experience with an extensive array of exquisite jewellery designs in a world-class ambience.

Kalyan Jewellers’ Managing Director – T S Kalyanaraman was accompanied by actor and the company’s brand ambassador Amitabh Bachchan, to seek blessings of the almighty at the Ram Mandir in Ayodhya. Rajesh Kalyanaraman and Ramesh Kalyanaraman – Executive Directors of Kalyan Jewellers along with Karthik R, accompanied them, seeking the blessings of Lord Rama. The Kalyanaraman family presented a polki neckpiece adorned with uncut rubies, pearls, and emerald stones as a token of reverence at the Ram Mandir.

Talking about the 250^th showroom launch, Ramesh Kalyanaraman, Executive Director of Kalyan Jewellers said, “As we inaugurate our 250^th showroom, we extend gratitude to our customers, partners and employees, who have been an integral part of this three-decade long journey that has been marked with trust and transparency. Their unwavering support has been integral to our remarkable three-decade journey, characterized by principles of trust and transparency. This significant milestone not only reflects our commitment to crafting exquisite jewellery but also emphasizes our dedication to fostering enduring relationships with patrons nationwide. At Kalyan Jewellers, we have made significant advancements in building a holistic ecosystem, ensuring a service-backed shopping experience for our patrons. As we move ahead, our customer-centric approach remains key to our continued growth, building upon the very essence that defines our brand.”

Kalyanaraman further added, “Considering the prominence of Ayodhya, we have introduced curated designs as part of our temple jewellery collection – Nimah. This enhanced Nimah collection, is a celebration of our rich heritage, cleverly reimagined through contemporary designs, adorned with precious stones. The revamped collection pays an ode to the timeless narratives of the Ramayana and Indian mythology. We believe this upgraded collection will seamlessly complement our existing brand portfolio, resonating widely, especially among our clientele.”

Addressing the enthralled crowd, Amitabh Bachchan said, “I am thrilled and honoured to be part of the grand celebrations marking the launch of Kalyan Jewellers’ 250^th showroom globally. With a rich legacy spanning over three decades, Kalyan Jewellers has consistently redefined India’s jewellery industry through pioneering initiatives. It fills me with pride to be associated with this iconic brand for over a decade. The jewellery brand is firmly grounded on the pillars of trust, transparency, and customer-centricity. I am confident that the patrons here will warmly embrace and wholeheartedly support this distinguished jewellery brand.”

Celebrating the 250^th showroom launch, Kalyan Jewellers is offering a unique promotion, the jewellery brand has announced 0% making charges for half the purchase value, on a minimum purchase value of Rs. 1 lakh*. Additionally, the Kalyan Special Gold Board Rate – the lowest in the market and standardized across all company showrooms – will also apply. These offers are valid for a limited period only. Additionally, Kalyan Jewellers has announced the launch of its pre-booking facility for patrons planning to make jewellery purchases on the upcoming occasion of Akshaya Tritiya. This unique Akshaya Tritiya pre-booking offer will be available today onwards. 

Patrons will also receive Kalyan Jewellers’ 4-Level Assurance Certificate, which guarantees purity, free lifetime maintenance of ornaments, detailed product information, and transparent exchange and buy-back policies. This certification reflects the brand’s commitment to offering the very best to its loyal customers.

The showroom will also stock Kalyan’s popular house brands, including Muhurat (Wedding Jewellery Line), Mudhra (Handcrafted Antique Jewellery), Nimah (Temple Jewellery), Glo (Dancing Diamonds), Ziah (Solitaire-like Diamond Jewellery), Anokhi (Uncut Diamonds), Apoorva (Diamonds for Special Occasions), Antara (Wedding Diamonds), Hera (Daily Wear Diamonds), Rang (Precious Stones Jewellery), and the recently launched Lila (Coloured Stones and Diamond Jewellery).

Warburg Pincus divests 8.4% stake in Kalyan Jewellers for Rs 2,937 crore

Private equity major Warburg Pincus on Thursday divested an 8.4% stake in Kalyan Jewellers India for Rs 2,937 crore through open market transactions.

The US-based Warburg Pincus through its arm Highdell Investment Ltd sold shares of Kalyan Jewellers India on the National Stock Exchange (NSE) and the BSE.

As per bulk and block deal data available on the exchanges, Highdell Investment disposed of 1.80 crore shares on the BSE. Similarly, Highdell Investment also offloaded more than 6.87 crore shares in three tranches on the NSE.

Around 8.67 crore shares sold represent an 8.42% stake in Kalyan Jewellers India.

The shares were sold at an average price of Rs 344.42 apiece on the BSE, while the shares were disposed of within the price range of Rs 334-339.59 apiece on the NSE, taking the combined deal size to Rs 2,936.96 crore.

After the latest transaction, Highdell Investment’s shareholding in Kalyan Jewellers has declined to 9.17% stake from 17.59% stakeholding (as of the December quarter).

Motilal Oswal Mutual Fund bought around 1.1 crore shares on the BSE. Details of other buyers could not be ascertained on the BSE.

Invesco Mutual Fund (MF), Motilal Oswal MF, Sundaram MF, Franklin Templeton MF, Goldman Sachs, The Master Trust Bank of Japan Ltd AC Nomura India Investment Fund Mother Fund, and Nomura Funds Ireland were among the buyers on the NSE.

Shares of Kalyan Jewellers India jumped 5.89% to close at Rs 357.10 apiece. The scrip gained 1.84% to close at Rs 345.10 apiece on the BSE.

Last month, Kalyan Jewellers reported a 21.51% growth in consolidated Profit After Tax (PAT) at Rs 180.37 crore for the December quarter. The company’s PAT stood at Rs 148.43 crore during the year-ago period.

Courtesy: Business Standard and Retail Jeweller India News