How 61-year-old Dubai-based billionaire Joy Alukkas built a gold jewellery retail empire; that extends from the US to Malaysia; in a span of 17 years
Joy Alukkas has refused to entertain private equity players so far, but plans to list his company on the Indian bourses
Image: Sri Manikandan
Joyalukkas operates 140 retail stores in 11 countries. Around 80 of these are in India
As of today, Joyalukkas, which is headquartered out of both Thrissur and Dubai, operates 140 retail stores across 11 countries. Around 80 stores are in India, 50 in West Asia, two each in the United Kingdom, Singapore and Malaysia, and three in the US. All its retail stores abroad are typically 1,500 square feet in size and stock between 80 kilograms and 110 kilograms of gold jewellery. In India, the stores are bigger with the company operating its biggest store in Chennai, which is 60,000 square feet in size, and is said to stock an inventory of 1 million jewellery designs.(This story appears in the 24 November, 2017 issue of Forbes India. To visit our Archives, click here.)