Jewellery brand, Joy Alukkas Group announced that the company’s Chairman, Joy Alukkas, has climbed up the ranks to reach the 50th spot in ‘Forbes List of India’s 100 Richest’ 2023. He is the only jeweller from India to appear on the list. The Chairman was at 69th rank in the previous year.
Joy Alukkas Group has 160 showrooms across 11 countries with more than 9,000 employees. The brand has served as a jewellery partner for 10 million customers from across the world and, has created 10 lakh exclusive designs.
The Group said, “Joy Alukkas was instrumental in revolutionising Indian jewellery sector. His pioneering and groundbreaking concepts such as multiple retail store, organised retailing operations, and large format stores have transformed the business landscape of the Indian jewellery sector globally, where it had been fragmented and predominantly family run stores.”
India’s jewellery market size is projected to grow from $76.77 billion in 2023 to $100 billion by 2027.
