We will be launching showrooms in delhi, Punjab, UP, Rajasthan and gulf.
What is your outlook of the jewelry industry?
Are there any plans for diversification into other business verticals, other than retailing?
The jewellery industries is moving to the organised sector because believe in big brands and big chains rather than an unorganised jeweller.
We have already diversified to real estate development in the name and style, Kalyan Developers and we are also planning to step in to the field of 7 star schooling and also have plans to enter the entertainment sector through a chain of multiplexes. Gold prices took a hit recently. Is Gold gradually losing its luster? How do you see the dip in gold prices? It is only a correction which was really necessary and I don’t think gold has lost it s luster. The showrooms were over crowded when the gold price is came down by just 10% which it self is an answer for your question. Where are the gold prices headed to? The gold will come back to 2900 range before the next financial year end.
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UNIQUE TIMES June 2013
What is your opinion of Kerala, when it comes to doing business? Are we now becoming more business friendly? Kerala is always been friendly for us because we are there in the business field for the past 100 years. About your family? I have two sons, Rajesh Kalyanaraman who heads the inventory and finance team and Ramesh Kalyanaraman heads the marketing and operations. My daughter Radhika is a house wife and my son in law Karthik R is the MD of Kalyan Developers. My wife Ramadevi is house wife. Also are my daughter in laws Maya Rajesh and Deepa Ramesh. I have 2 grand sons and 3 grand daughters.