DOHA: Kalyan Jewellers, one of the most trusted and leading jewellery brands in the GCC and India, has announced its foray into Qatar.
The company will make an emphatic entry by opening seven showrooms in Doha on a single day later in the month — marking the largest number of showrooms inaugurated in a single day in the company’s history. Kalyan Jewellers’ global brand ambassador and film icon Amitabh Bachchan will inaugurate the showrooms in his maiden visit to Qatar. He will be accompanied by popular brand ambassadors and film stars Nagarjuna, Prabhu Ganesan and Manju Warrier for the launch.
Kalyan has been steadily expanding its presence in the region since it launched its international operations. Within a span of two years the company has opened over 40 showrooms in India and the GCC. Kalyan Jewellers is also slated to achieve a milestone of 100 showrooms by the first half of the year.
TS Kalyanaraman (pictured), Chairman and Managing Director of Kalyan Jewellers, said, ‘’We have registered a healthy double digit growth rate in our business in the GCC and believe that the Qatar presence is critical for us to push the GCC share of the group turnover to the 40 percent mark, which is our medium-term target. Qatar is a robust retail market of $12.4bn, driven by a growing population and an increasing expatriate population. We also believe that the country’s affinity for luxury goods makes it a compelling proposition for Kalyan, given our strong portfolio of high-end fashion jewellery as well as jewellery for daily wear in contemporary and traditional motifs.’’
‘’Qatar’s focus on expanding the non-hydrocarbon sector and recent infrastructure initiatives to add one million square metres of retail space in the next two to three years augurs well for the growth of the retail sector,’’ Kalyanaraman added.
Kalyan has been rapidly expanding its distribution operations, both in India and West Asia. The company was the first to attract the largest private equity investment of $200m by Warburg Pincus in the jewellery sector in India in 2014. Kalyan had made an emphatic entry into the GCC by launching six showrooms on a single day in the UAE.
Kalyan Jewellers has established benchmarks when it comes to innovation, quality, transparency and customer service. The company has one of the largest customer loyalty programmes with more than 2.8 million members. Kalyan Jewellers has developed a deep connect among its stakeholders with its brand promise of ‘Trust is Everything’.
Kalyan Jewellers is one of the largest jewellery manufacturers and distributors in India. The company leverages its strong roots of over a century in the business of textile trading, distribution and wholesaling.
The Peninsula
