Kalyan Jewellers India Limited has announced its expansion plans to open 33 new showrooms by Diwali 2023 across India. The expansion includes 26 Kalyan Jewellers’ showrooms and 7 Candere stores.
Kalyan Jewellers currently has a presence in 22 states and union territories in India and 4 countries in the Middle East. The company operates 77 showrooms in South India, 55 in North and Central India, 25 in West India, 18 in East India, and 34 in the Middle East.
The expansion strategy aims to increase Kalyan Jewellers’ presence in non-South markets and strengthen its pan-India presence. New showrooms will be launched in various locations, including Bihar, Haryana, Odisha, Punjab, Maharashtra, Andhra Pradesh, West Bengal, Uttarakhand, and Uttar Pradesh. Additionally, the company plans to expand in metro cities with new showrooms in Mumbai, Kolkata, and New Delhi.
In addition to its physical stores, Kalyan Jewellers’ digital-first jewellery platform, Candere, will open 7 new showrooms before Diwali, including locations in Mumbai, Bangalore, Kerala, and Bihar.
Mr. T S Kalyanaraman, Managing Director of Kalyan Jewellers, expressed his delight with the growth and support the brand has received and emphasized the company’s commitment to expanding its market presence and maintaining its foundational principles of trust and transparency.
Kalyan Jewellers has been a pioneer in revolutionizing India’s jewellery industry with initiatives such as offering only BIS-hallmarked gold jewellery and introducing the 4-Level Assurance Certificate.
The company’s expansion aims to explore opportunities in Tier-2 and Tier-3 markets while strengthening its presence in metro cities in non-South India.
