Kalyan, headquartered in Thrissur (Kerala), is a leading manufacturer and retailer of jewelry in India, with a primary focus on gold and diamond products. Kalyan’s product portfolio has a broad-based appeal, comprising mostly fast-moving, non-fashion jewelry that targets India’s large base of mid-market consumers. Over the past two decades, the company has built a leading market position and a strong reputation with Indian consumers. Kalyan sells its products through its distribution network of 130+ owned stores across both India and the Middle East. The Company was founded in 1993 by its current Chairman, T.S. Kalyanaraman, with day-to-day operations being managed by his two sons, Rajesh and Ramesh. Warburg Pincus first invested in Kalyan in 2014.
Warburg Pincus is a leading global private equity firm focused on thesis-driven growth investing at scale. With more than $65 billion in assets under management, our active portfolio of more than 185 companies is highly diversified by stage, sector and geography. As an experienced partner to outstanding management teams, we help build durable companies with sustainable value. We have raised 19 private equity funds, which have invested more than $77 billion in over 870 companies in more than 40 countries.