Kalyan Jewellers has announced its foray into the Chennai market. The company is investing close to Rs 200 crore for its first showroom on Sir Theyagaraya Road in T Nagar, the hub for jewellery. This is the largest investment by any jeweller in a single showroom across the country, the company claimed.
“With the launch of the Chennai showroom, Tamil Nadu will be one of the largest markets, outside of Kerala, for Kalyan Jewellers with a cumulative investment of Rs.
600 crore across 16 showrooms. We will open four more showrooms each, in Chrompet, Adyar, Vellacherry and Anna Nagar, of which two will be during the course of this financial year and two early next year,” Kalyan Jewellers Chairman and Managing Director T S Kalyanaraman said. The showroom will be inaugurated on April 17.
Published 09 April 2015, 19:40 IST