India’s leading jewellery showroom and merchandise Kalyan group chairperson has set a new record. When we looked up and considered a few factors and parameters to find out the richest and most powerful man of gold in India, we came across astonishing factors.
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T S Kalayanaraman, Kalyan Owner Wealthiest Jeweller in India
Kalyan group owner T S Kalayanaraman with a personal riches of $1.3 billion turns out to be the wealthiest jeweller of the nation as per the a research study. Kalyan group owner T S Kalayanaraman opened his first mega showroom in Thrissur City in 1993 with only $100,000 capital and since then his glittering gold business has expanded to current giant double digit figure of 32 showrooms across south India.
Officially it has been estimated that his personal fortune is worth $1.3 billion. While looking up the business of jewellery in the nation statistics, Nirav Modi ranked up as the second most wealthiest jeweller in India as per estimated net worth of $1.1 billion.
Nirav Modi was ranked second on the Wealth-X list of India’s wealthiest jewellery with an estimated net worth of $1.1 billion. Nirav Modi who was born in a family of Indian diamantaires left the family business in 1999 and launched his own company, Firestar Diamonds. Nirav Modi company Firestar Diamonds acquired New York-based
Sandberg & Sikorski in the year 2007 expanding its business territories.
Jewelry businessmen M P Ahmed ranked up third on the list with a personal fortune of $1 billion who opened the first Malabar Gold & Diamond showroom with only $70,000 as a stepping stone to his gold business.
Few other gold jewellers who ranked in the list of top and most wealthiest gold businessmen are Bhima Jewellers’ B Govindan with a personal wealth of $620 million, Kiran Gems’ Vallabhbhai S Patel ($590 million), Laxmi Diamond’s Vasant Gajera ($580 million), Dharmanandan Diamonds’ Laljibhai Patel ($480 million), Kiran Gems’
Babubhai Lakhani ($470 million), Kiran Gems’ Mavji Bhai Patel ($410 million) and Rajesh Exports’ Rajesh Mehta ($310 million).
The research study was held by the Wealth-X which furnishes inner aspects wealthy business tycoons across the world with curated research on ultra high net worth individuals. This curated research was conducted on the gems and jewellery industry among India’s fastest growing sectors fuelled by UHNWs affinity for jewellery and the fact that they view it as an important store of value. For India’s ultra wealthy jewellers, all that glitters is gold!.
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Here are the top 10 wealthiest Indian jewellers:
- T. S. Kalayanaraman, Kalyan Jewellers, Rs. 1,300 US$ million
- Nirav Modi, Firestar Diamonds, Rs. 1,100 US$ million
- M. P. Ahammed, Malabar Gold & Diamond, Rs. 1,000 US$ million
- B. Govindan, Bhima Jewellers, Rs. 620 US$ million
- Vallabhbhai S Patel, Kiran Gems, 590 US$ million
- Vasant Gajera,m Laxmi Diamond, 580 US$ million
- Laljibhai Patel, Dharmanandan Diamonds, 480 US$ million
- Babubhai Lakhani, Kiran Gems, 470 US$ million
- Mavji Bhai Patel, Kiran Gems, 410 US$ million
- Rajesh Mehta, Rajesh Export , 310 US$ million
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