Kalyan Jewellers to invest huge for rapid expansion by 2017

Kalyan Jewellers is planning to invest up to Rs 1,800 crore by FY 2016-17 to expand its footprint across the country, while it targets 30 per cent sales growth at Rs 13,000 crore this year. The company is now planning to expand its retail footprint in the country. This year, they plan to enter cities such as Bhubaneswar, Nagpur, Aurangabad and Kolkata. At present, the company operates 81 stores. Last year, private equity major Warburg Pincus invested Rs 1,200 crore to pick up 15 per cent stake in Kalyan Jewellers. Such boost in business and store expansion plan of Kalyan Jewellers will bring in a fresh business for the signage companies dealing in in-shop designs, displays and related activities.