How to get Kalyan Jewellers Franchise ? | Kalyan Jewellers Franchise Cost,Profit Margin
Who does not love the shining grandeur of gold? The beautifully carved-out pieces of ornaments that are adorned, add nothing but excellence. Jewellery stands to create an image for a lifetime, which can be passed down from one generation to another.
Jewellery can be a means of personal expression, completing an outfit and making a statement. While some people prefer the subtle shimmer of a small gemstone earring, others love the sound of bangles moving on the wrist. There is no restriction to what wearing jewellery feels like.
About Kalyan Jewellers Franchise
This article talks about Kalyan Jewellers and all the other important information such as the investment cost, documents, contact information, and all that one needs to know to start a franchise with them.
Some Facts & Figures About Kalyan Jewellers Franchise
- Kalyan Jewellers was founded by T.S. Kalyanaraman.
- The first showroom was opened in 1993 in Thrissur, Kerala.
- Kalyan Jewellers employs nearly 8,000 people.
- Amitabh Bachchan has been Kalyan Jeweller’s brand ambassador for years now,
- Their tagline is ‘Vishwasam’ Trust.’
- T.S. Kalayanaraman, is the wealthiest jeweller in India with a personal fortune of $1.3 billion.
- The company typically invests Rs 30 crore in capex to open 12 to 15 showrooms per year.
- Kalyan Jewellers, one of the country’s leading jewellery retailers, reported a profit after tax of about 21 billion Indian rupees.
- In the first quarter of FY22, Kalyan Jewellers intends to boost its retail footprint by 13%.
Why Kalyan Jewellers Franchise?
According to a top corporate official, Kalyan Jewellers adopted the franchise model to quicken expansion, particularly in the non-southern India market. This firm, one of the biggest jewellers in India, creates jewellery after carefully studying regional tastes and preferences.
Kalyan Jewellers offers a wide selection of classic and modern jewellery designs in precious metals such as gold, diamonds, and other valuable stones.
Fortune India has ranked the company at 164th overall and third among publicly traded companies from Kerala following its successful listing on the National Stock Exchange in March 2021. A comprehensive study of sales and gross income data is used to create the annual Fortune India 500 List, which rates India's publicly traded corporations.
According to Fortune India, Kalyan Jewellers has been ranked second in the gem and jewellery market. This demonstrates the company's expanding dominance throughout West Asia and India. Thus, showcasing how working in a franchise with Kalyan Jewellers is a great option.
Benifits of Kalyan Franchise
If a business is doing very well for more than three decades it means they have a good customer base. Now, if you have a chance of getting one of such franchises then do not miss such an opportunity.
In the same way, Kalyan Jewellers has captured a good market and customers ever since it was established. Today, it has become one of the leading jewelry-selling companies in India.
Now, when you open such a franchise you do face a long list of benefits along with it. Some of the benefits of having a Kalyan Jewellers franchise are the following:-
- Brand Name– You not only get to do business with the best but, you get a good brand name along with it. This helps you to gather customers for your franchise.
- Security– The security of a franchise is often offered by the parent company. You just need to invest in the franchise and everything else will be taken care of by the parent company.
- Huge profit margin– We do not know about other business franchises but, if you open a Kalyan Jewellers franchise then there is a huge profit margin. The parent company pays you a huge profit percentage at the end of the month or day.
- Loyalty– Opening up a reputable franchise not only brings you customers but, loyalty as well. Many customers of Kalyan Jewellers are quite loyal to the company and that is a great advantage when you are opening a franchise.
Requirements for Kalyan Jewellers Franchise
Opening a franchise with Kalyan Jewellers is a great opportunity, which requires several requirements to be met.
Documents required for Kalyan Jewellers Franchise
| Documents | Description |
| Franchise Agreement | An official contract that binds both the franchisor and the franchisee is known as a franchise agreement. The contract outlines the franchisor's requirements of the franchisee, including how the firm must be run. |
| Proprietor Aadhar Copy | Aadhar card, a necessary identification document is a requirement for opening any type of business account. |
| Proprietor Photo | A photo of the proprietor is an important document to obtain a franchise. |
| Business PAN Copy | In India, a business pan card is required. Any Indian taxpayer must have a PAN, or Permanent Account Number, which is a highly important document. It is a 10-character number with both alphabetic and numeric characters. The Income Tax Act of 1961 specifically addresses the principles of PAN cards. |
| Business TAN Copy | Tax Deduction and Collection Account Number is referred to as TAN. Those who are required to deduct tax at source, or TDS, are given a ten-digit alphanumeric number. Businesses that withhold tax at source must have a TAN number or TAN registration, which must be mentioned in the TDS or TCS return. |
| GST Registration Certificate | In India, a GST registration certificate is a recognised document that serves as evidence of GST registration. Any firm in India that generates more revenue than the threshold for GST registration is required to register. |
| Business Address Proof | A central, state, or local government must have issued a legally valid document as the proof of business address. |
| NOC of Unit/ Shop | An organisation, institute, or individual may provide a No Objection Certificate (NOC) as proof that they have no objections to the information included in the document. It can be used to override any party's objection in a variety of contexts, including employment, trade, litigation, immigration, and many more. |
Space Required for Kalyan Jewellers Franchise Outlet
The space required to open a franchise with Kalyan Jewellers is 1000-1500 sq. ft.
Investment Required For Kalyan Jewellers Franchise
| Investment | Amount |
| Franchise Fee | Rs 5 lakhs |
| Infrasturcture Investment | Rs 50 lakhs to Rs 1 crore |
Training Required For Kalyan Jewellers Franchise
Kalyan Jewellers provides product training information, product display training, and help desk training before starting a franchise. Furthermore support along the lines of inventory planning, product pricing, client interaction training, and relationship manager support training amongst others, is provided.
Emphasis is also placed on providing marketing support along the lines of digital marketing. television marketing, and print advertisements.
Staff required for Kalyan Jewellers
A Kalyan Jeweller franchise requires 6 to 10 employees.
Kalyan Jewellers Franchise Return On Investment
Kalyan Jewellers’ ROI timeframe is 2 years, wiith the average return on investment being 80%.
How to get Kalyan Jewellers Franchise
The interested applicant needs to be 21 years of age or older with a graduate degree and an experience in business enterprises.
Further requirements for the franchise stores are as follows :
| Computer/ Internet Connectivity |
| Billing Counter |
| Product Display Area |
| Trial Room |
| Air Conditioner |
| CCTV Set-up |
| Delivery Service (Optional) |
How to contact Kalyan Jewellers Franchise ?
Contact Number: 1800-425-7333
Email ID: [email protected]
Terms & Conditions for Kalyan Jewellers Franchise
While there the information regarding the franchise tenure has not been disclosed, the business set-up time ranges from 1-2 months.
Conclusion
Kalyan's entrepreneurial adventure has transformed it into one of India's largest jewellery chains. The company has since expanded internationally and acquired significant PE funding. For the subsequent seven years, the retailer just ran that single location. However, by 2011, Kalyan Jewellers had locations in all of the major South Indian cities.
The jewellery store has continued to grow and enhance its prominence, thus, providing a great opportunity to begin a commercially successful franchise.