TS Kalyanaraman: From a Textile Business Family to the Richest Retail Jeweller in India
The story of TS Kalyanaraman, founder of Kalyan Jewellers and India”s richest jeweller with a net worth of $2 billion, is an inspiring tale of ambition and dedication. Born into a well-known textile business family in Thiruvananthapuram, Kerala, Kalyanaraman”s life took a turn when he started his own jeweller business with a capital of Rs. 75 lakh, of which Rs. 25 lakh was from his own savings and Rs. 50 lakh he borrowed, in Thrissur in 1993.
He had been assisting his father, who was in the textile business, since then. However, while working with his father, Kalyanaraman quickly identified opportunities in the jewelry field and embarked on an entrepreneurial journey of his own. It was from this spark that Kalyan Jewellers was born, a gold retail giant with a global footprint.
Kalyanaraman”s success can be attributed to several key factors. First and foremost, he possesses the visionary acumen to identify and seize new opportunities. Recognizing the importance of a hyperlocal approach in selling jeweller, Kalyanaraman first expanded the presence of Kalyan Jewellers in Kerala, then took his enterprise to other states and to the world.
Currently, TS Kalyanaraman and his two sons hold 32 Kalyan Jeweller stores in South India and also have a presence in five countries, with a market capitalization of Rs. 17,000 crores. Secondly, his hands-on approach to management is evident in his involvement in every facet of his business. His meticulous attention to detail and unwavering commitment to customer satisfaction have been instrumental in the growth of Kalyan Jewellers.
One of Kalyanaraman”s standout qualities is his ability to connect with people. Whether it”s nurturing relationships with employees, understanding the needs of customers, or collaborating effectively with suppliers, he is always true to them. This knack for building and maintaining strong relationships has contributed to Kalyan Jewellers having many loyal customers.
