Kalyan Jewellers India Ltd (KJIL) one of the oldest business families in India with a family legacy of over a century in business, starting from as early as 1908. KJIL is one of the largest jewellery companies in India based on revenue as of March 31, 2020. It has since expanded to become a pan-India jewellery company, with 107 showrooms located across 21 states and union territories in India, and also has an international presence with 30 showrooms located in the Middle East as of December 31, 2020. KJIL designs, manufactures and sells a wide range of gold, studded and other jewellery products across various price points ranging from jewellery for special occasions, such as weddings, which is its highest-selling product category, to daily-wear jewellery. The Company also sell jewellery through its online platform at www.candere.com.

In Fiscal 2020 and in the nine months ended December 31, 2020, its revenue from operations was Rs.101,009.18 million and Rs.55,167.04 million, of which 78.19% and 86.21% was from India and 21.81% and 13.79% was from the Middle East. Its total showrooms has increased from 77 as of March 31, 2015 to 137 showrooms as of December 31, 2020, and intends to continue to open additional showrooms as it expects significant opportunity for further penetration in its existing markets as well as in new markets, primarily in India. The IPO proceeds will be utilized to finance business working capital requirements and meet general corporate purposes.

Competitive strengths

• One of India’s largest jewelry companies with a pan-India presence.
• Established brand built on the core values of trust and transparency.
• Network distribution with global outreach.
• Wide range of product offerings targeted at a diverse set of customers.
• Visionary Promoters with strong leadership.

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