MUMBAI: Pleasure Alukkas, Chairman and Managing Director of Joyalukkas Group has turn out to be the richest Jeweller in India in keeping with the most recent ‘Forbes Listing of India’s 100 Richest 2023’. Pleasure Alukkas was ranked because the fiftieth wealthiest Indian as per the Forbes record. He climbed 19 notches to enhance his rating from 69th within the earlier 12 months to fiftieth within the newest record.
Joyalukkas has reported a turnover of Rs 14,513 crore in FY2023, with a internet revenue of Rs 899 crore in India. The corporate is aiming a turnover of Rs 17,500 crore for FY2024 and a internet revenue of Rs 1,100 crore. The corporate has 160 showrooms world over of which 100 are in India. It has plans to take the entire India showroom rely to 130 and is within the strategy of increasing its North India footprint. The corporate additionally plans to speculate roughly Rs 2,400 crore unfold over the following two monetary years to open 30 new showrooms in India and 10 retailers overseas. Joyalukkas owns the world’s largest gold jewelry retail outlet in Chennai.
The jewelry retail chain has performed a transformative position within the Indian jewelry sector by introducing ideas resembling a number of retailer retail, organized retailing operations, and huge format shops which have reworked the enterprise panorama of the as soon as fragmented Indian jewelry sector.
Moreover being a frontrunner within the trade and a game-changer, Pleasure Alukkas is credited for his inherent qualities as a lifelong learner and a contrarian. He embodies decisiveness in his technique, with out succumbing to evaluation paralysis. He had efficiently navigated his group enterprise enterprise by way of main international occasions just like the 2008 International Monetary Disaster and the 2020 pandemic, the corporate assertion mentioned.
India’s jewelry market is projected to develop from USD 76.77 billion in 2023 to cross USD 100 billion mark by 2027. In keeping with FY 2022 knowledge, 38 per cent of the Indian jewelry market now falls beneath the organized sector which is projected to rise to 47 per cent by FY 2026.
Joyalukkas is an ISO licensed multi-national jewelry group. Alukkas Jewelry branched out into a brand new model named Joyalukkas. A company that began as a small jeweller in Thrissur, has flourished into an entity and in the present day Joyalukkas group has 160 Showrooms throughout 11 nations with greater than 9000 workers. Throughout the span of a brief interval, Joyalukkas Group has turn out to be the trusted jewelry accomplice for 10 million prospects the world over and have created 1 million unique designs. Joyalukkas is a well- recognized jewelry model and enterprise that has established itself as one of many market leaders, constructing the inspiration for the following degree of progress.
Joyalukkas has reported a turnover of Rs 14,513 crore in FY2023, with a internet revenue of Rs 899 crore in India. The corporate is aiming a turnover of Rs 17,500 crore for FY2024 and a internet revenue of Rs 1,100 crore. The corporate has 160 showrooms world over of which 100 are in India. It has plans to take the entire India showroom rely to 130 and is within the strategy of increasing its North India footprint. The corporate additionally plans to speculate roughly Rs 2,400 crore unfold over the following two monetary years to open 30 new showrooms in India and 10 retailers overseas. Joyalukkas owns the world’s largest gold jewelry retail outlet in Chennai.
The jewelry retail chain has performed a transformative position within the Indian jewelry sector by introducing ideas resembling a number of retailer retail, organized retailing operations, and huge format shops which have reworked the enterprise panorama of the as soon as fragmented Indian jewelry sector.
Moreover being a frontrunner within the trade and a game-changer, Pleasure Alukkas is credited for his inherent qualities as a lifelong learner and a contrarian. He embodies decisiveness in his technique, with out succumbing to evaluation paralysis. He had efficiently navigated his group enterprise enterprise by way of main international occasions just like the 2008 International Monetary Disaster and the 2020 pandemic, the corporate assertion mentioned.
India’s jewelry market is projected to develop from USD 76.77 billion in 2023 to cross USD 100 billion mark by 2027. In keeping with FY 2022 knowledge, 38 per cent of the Indian jewelry market now falls beneath the organized sector which is projected to rise to 47 per cent by FY 2026.
Joyalukkas is an ISO licensed multi-national jewelry group. Alukkas Jewelry branched out into a brand new model named Joyalukkas. A company that began as a small jeweller in Thrissur, has flourished into an entity and in the present day Joyalukkas group has 160 Showrooms throughout 11 nations with greater than 9000 workers. Throughout the span of a brief interval, Joyalukkas Group has turn out to be the trusted jewelry accomplice for 10 million prospects the world over and have created 1 million unique designs. Joyalukkas is a well- recognized jewelry model and enterprise that has established itself as one of many market leaders, constructing the inspiration for the following degree of progress.
