Know how a Rolls Royce made him the richest jeweler of the country, his business is worth billions of dollars

Indian Jewelery Business: People in India love gold and silver very much. People not only like to wear them but also consider them a good means of investment. This is the reason why you can find jewelers even in small villages. However, some jewelers have earned name all over India on the basis of their quality. Many of these have even opened their showrooms outside India. Besides, many jewelers have also listed their companies on the stock market. But, today we are going to tell you about that jeweler, who is considered the richest in India. His name is Joy Alukkas Alukkas). According to Forbes, his net worth is $3.4 billion. They have about 100 outlets across the country and 60 showrooms abroad.

Rolls Royce given as a reward to those who bought gold

Joy Alukkas was born in Thrissur, Kerala. His family was in the jewelery business. There is an interesting story associated with him. He went to a showroom to see Rolls Royce, where he was not given a quote. He had no need for a car. Even after this, he bought that car by paying the full amount and conducted a lucky draw. In this, this Rolls Royce was to be given as a reward to the buyer of gold. This one offer made them the most popular jewelery showroom in UAE. Joy Alukkas says that I do not believe in destiny. I want to write my own destiny instead of sitting and waiting for my time to come.

Joy Alukkas’s net worth is increasing rapidly, 9000 employees in the company

His same thinking has taken Joyalukkas Group up many steps of success. According to Forbes, his net worth in the year 2023 was $2.8 billion. It is increasing rapidly. Their stores are in many cities including Delhi, Mumbai, Bengaluru, Chennai and Hyderabad. 90 percent of their revenue comes from the states of South India only. Joyalukkas Group wants to open 25 more stores this year. Apart from the country, this company is also spread in UAE, America, Britain, Saudi Arabia, Qatar, Bahrain, Kuwait, Oman, Singapore and Malaysia. About 9,000 employees work with the company.

Had closed jewelery business and opened umbrella making and radio shop

This company is competing with companies like Kalyan Jewellers, Malabar Gold, Senco and Tanishq. Joy Alukkas’s family once closed the jewelery business. He had opened an umbrella making and radio shop. After the China War, he started jewelery work again. His family is also in real estate business. Joy Alukkas now wants to expand his business to many other countries of the world.

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