Kalyanaraman had no interest in his family business. He worked elsewhere for some time and accumulated Rs 25 lakh.
If a person has the desire to do something then he can start his own big business by starting from zero, that is why it is said that where there is a will, there is a way. The success story that we have brought for you today is a living example of this. Born into a business family, Kalyanaraman had no desire to work in his family business.
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This is why he took a loan and opened his own first jewelery shop. Today it has become a Jewellers brand and a personality like Amitabh Bachchan is associated with it.
Know the success story of TS Kalyanaraman, who created Kalyan Jewellers brand worth Rs 17 thousand crore by taking loan –
Born: 23 April 1947, Thrissur, Kerala
Father: TR Seetharamaiah
Education: Graduation in Commerce from Sri Kerala Varma College
Position: Founder, Chairman and MD of Kalyan Jewelers
Current status: 17 thousand crore company
Who is TS Kalyanaraman?
Kalyanaraman was born on April 23, 1947 in Thrissur, Kerala. His father TR Seetarammaiah was a cloth merchant. Actually Kalyanaraman’s grandfather was a priest, but later he became an entrepreneur. Kalyanaraman used to help his father in his shop since the age of 12. There he learned the nuances of business. To pursue his graduation, he joined Sree Kerala Varma College, Kerala and did his graduation in commerce.
How did Kalyan Group start?
The Kalyan Group was started by Kalyanaraman’s grandfather TS Kalyanaraman Iyer in 1909. Later, the reins of Kalyan Group passed to Kalyanaraman’s father Seetarammaiah. Sitarammaiah had 5 sons. In 1991, he divided the Kalyan Group among his 5 sons. Other brands associated with Kalyan Group are – Kalyan Silks, Kalyan Developers, Kalyan Sarees and Kalyan Collection. Apart from Kalyan Jewellers, Kalyanaraman is also the chairman of Kalyan Developers.
Kalyan Jewellers started by taking loan
Kalyanaraman had no interest in his family business. He worked elsewhere for some time and accumulated Rs 25 lakh. This amount was not enough to start a Jewellers shop, so he took a loan of Rs 50 lakh from banks. Now he had accumulated a total of Rs 75 lakh. With this amount he started a Jewellers shop in Thrissur and named it Kalyan Jewellers.
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Kalyan Jewellers, which started with a loan, has today become a big brand. Even the megastar of the century Amitabh Bachchan is its brand ambassador. Today Kalyan Jewellers has more than 150 showrooms, out of which 30 showrooms are in UAE, Qatar, Kuwait and Oman. According to media reports by 2023, Kalyanaraman’s assets have reached Rs 16,200 crore, while the market cap of Kalyan Jewellers has reached Rs 17,000 crore.
