MUMBAI(BullionStreet): Indian Jeweler T.S. Kalyanaraman, who moved into billionaire status after rally in gold prices, is now listed as 52nd richest man in India and 1342 globally by Forbes.
Forbes List pegs his net worth to $ 1 Billion (5400 crore Indian Rupees).
His company Kalyan Jewellers is known to be the single largest company owned Jewellery retail chain in India in terms of number of showrooms and turnover, with the single maximum bullion purchase from SBI in jewellery retail crossing 5 tons. He owns 45 stores in India and plans to open 36 more by March 2014, including five in the Middle East.
Kalyan Jewellers is the flagship of the 100-year old Kalyan Group, which has its origins in textile manufacturing and retailing. The group entered jewellery retailing two decades ago in 1993.
The Jewellery group made efforts to educate the public of cheating and malpractices in gold quality and pricing through their campaign 'Fight against Impure Gold.
Courtesy: Frontier India
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