Press Release / Business / Kalyan Jewellers to invest Rs 1,000 crores to open 20 stores in FY19

Kalyan Jewellers to invest Rs 1,000 crores to open 20 stores in FY19

Kalyan Jewellers is planning to invest Rs 1,000 crore to add 20 stores in the country and also enter the US market in this financial year, a senior company executive said.

"We will first invest Rs 500 crore to open 10 new stores in the next three weeks - one each in Indore, Kanpur, Ranchi, Raipur, Siliguri, Guwahati and Nagpur, and three in Delhi-NCR," Kalyan Jewellers chairman and managing director TS Kalyanaraman told here.