Read the story of India’s richest jeweler, from loan to lakh

NewsRead the story of India’s richest jeweler, from loan to lakh

Date:

The story of T.S. Kalyanaraman, the pioneering founder of Kalyan Jewelers, stands as a statement of the strength of unwavering determination and relentless pursuit in the world of dreams and aspirations. Born into a family of business owners, Kalyanaraman’s journey started small. He started from scratch when he opened his jewelry store, taking a risk.

 A glittering empire was born in the busy temple town of Thrissur. Thrissur, with a net worth of more than Rs 1,000 crore, is considered the wealthiest small town in India, boasting the combined wealth of the affluent. The man at the center of this brilliant success story in TS Kalyanaraman is the creator of Kalyan Jewelers, who is currently worth over $1 billion. The brand, which began with just one store thirty years ago, has grown to 194 locations throughout India and West Asia, with revenues reaching Rs 14071 crore in FY23.

It wasn’t a difficult journey; in fact, he took out a loan to launch his business. But the story takes an interesting turn when you realize that Kalyan Jewelers is now a well-known national brand rather than just a little jewelry store. The life of Kalyanaraman is proof that no goal is too big or achievement too difficult. He has demonstrated that with perseverance, even beginning at zero can result in great heights, having grown from a single store to a thriving jewelry empire.

T.S. Kalyanamraman: Formative Years

On April 23, 1947, Kalyanaraman was born in Thrissur, Kerala, to cloth merchant T.A. Seetharamayya. Even though his grandfather was a priest, the family eventually adopted a business-focused mindset. From the age of twelve, Kalyanamraman helped his father in their shop, where he picked up intricate business knowledge.

T.S. Kalyanaraman: The Life of Education

He attended Kerala’s Sree Kerala Varma College to complete his graduation in commerce.

T.S. Kalyanamraman: Loans are the foundation of business.

At first, Kalyanamraman showed little interest in the family business and took a job elsewhere, which allowed him to save Rs 25 lakh. He needed more money, though, in order to open his jewelry store. After deciding to take out a Rs 50 lakh bank loan, he amassed a total of Rs 75 lakh. Using this sum, he launched Kalyan Jewellers, his first jewelry store in Thrissur.

T.S. Kalyanamraman: Growth of Business.

As a result of Kalyanamraman’s presence, Kalyan Jewelers grew throughout Kerala and all of India. There are currently over 200 outlets for the brand nationwide. The adventure continued; Kalyan Jewellers opened 30 showrooms throughout the United Arab Emirates, Qatar, Kuwait, and Oman, reaching a global audience.

T.S. Kalyanaraman: Achievement and Acknowledgement

Today, T.S. Kalyanaraman is regarded as the richest jeweler in India. The market capitalization of Kalyan Jewellers has crossed INR 17000 crores, while Kalyanaraman’s net worth is INR 16,200 crores. What started out as a loan-funded project has grown into a massive brand.

 

Share post:

Subscribe

Popular

More like this
Related

Gopal Vittal appointed as Acting Chair of the GSMA Board

Gurugram (India), February, 2025: Gopal Vittal, Vice Chairman &...

Top 7 Reasons to Cancel an E-Way Bill

E-Way Bills (EWB) were implemented in India in 2018,...