Kalyan Jewellers India enjoys a pan-India presence with 107 showrooms located across 21 states and union territories in India, and also has international presence with 30 showrooms located in Middle East as on December 31, 2020

Economic uncertainty across the globe has increased the appeal of the yellow metal among investors. This makes it a good store of value in the near future

Many youngsters, who usually earned and spent their salaries on vacations, food and fun in the past, are happy to buy latest gold jewellery and diamonds; another trend is customers pre-booking jewellery at today's price, anticipating the prices could shoot up further during the August to October festive season

Innovative and disruptive strategies are helping Kalyan Jewellers beat competition; now, it wants to more than double revenues and the number of stores in five years.

The New Year will be a better year for gold retailers as the issues related to GST and pangs of demonetisation are waning away, says Ramesh Kalyanaraman, executive director of Kalyan Jewellers.

Kalyan is growing at an average 8-10 per cent every year and the company's turnover is targeted to reach Rs 25,000 crore from the current Rs 10,500 crore within the next five years, says the company's executive director Ramesh Kalyanaraman.

Kalyan Jewellers said that the ad was a work of fiction and not a reflection of banking employees at large.

Gold and jewellery sales may remain flat this Dhanteras amid sluggish demand from consumers despite relaxation in KYC norms for purchase, even as people fancied automobiles and electronic items, according to industry players.

How did a company, with a largely South India footprint till recently, manage to get such a high valuation, propelling its owner into the billionaire club?