Kalyan Jewellers gets Rs 500 Cr Investment from an Global Equity Company
India’s leading and emerging jewelry retail brand Kalyan Jewellers announced that an affiliate of Warburg Pincus, a global private equity firm, will going to invest Rs 500 crores, taking the total investment to Rs.1,700 crore in the Company.
The second round of investment comes at a time when the Company was looking to expand its distribution network in India and its overseas operations.
In the next three years, Kalyan Jewellers will build its presence in the central region of the country, including Uttar Pradesh and Madhya Pradesh and add new showrooms in Mumbai, Delhi and the southern region.
Kalyan was also looking to expand international operations by entering into new markets such as Saudi Arabia, Bahrain, Oman, Singapore and Malaysia, besides bolstering its presence in the UAE where it has 13 showrooms.