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Speaking on the occasion, T.S Kalyanaraman, Chairman and Managing Director said, “Our second showroom in Pune has been inspired by the overwhelming response to our first one on Karve Road. More than Rs. 50 crore has been invested in the Hadapsar showroom and this new space will provide easy access and convenience to our new and existing customers, who want the unique Kalyan Jewellery shopping experience. During this festive season, we have some exciting offers, privileges and benefits, and hope our customers will make the most of this opportunity. Maharashtra is an important growth driver for the business and we expect Pune to be among our top three emerging markets in the country. The company has already invested Rs. 300 crore in the state of Maharashtra and we expect demand momentum to continue,” Kalyanaraman added.
Kalyan Jewellers has been aggressively expanding its distribution network after the recent equity infusion. The company is investing Rs. 800 crore this fiscal to open 22 showrooms in India and West Asia. Kalyan Jewellers plans to enhance its distribution network by 30% and is targeting revenues of Rs. 13,000 crore by the end of the financial year.
