Lalithaa Jewellery to open stores in Malaysia, Singapore
To add 110 new showrooms across southern states before expanding into North India.
Lalitha Jewellers, having successfully completed its Initial Public Offering (IPO), plans to expand its presence globally by opening showrooms in Malaysia and Singapore, according to M Kiran Kumar, the Chairman and Managing Director of Lalithaa Jewellery Mart Ltd. Speaking at a media conference, Kumar expressed that while the company would continue to focus on south Indian states such as Tamil Nadu, Karnataka, Telangana, and Andhra Pradesh, the goal is to reach 110 showrooms in these regions, up from the current 64 stores.
Kumar announced plans to establish an additional 110 showrooms in south India, pending the successful completion of the Malaysia and Singapore ventures within the next two months.
Following the achievement of 175 showrooms in southern regions, Lalithaa Jewellers aims to extend its operations into north India, with Maharashtra, Uttar Pradesh, and Delhi identified as the first targets. M Kiran Kumar, reflecting on the IPO's success and the company's growth, shared that his journey began with the sale of 48 grams of gold belonging to his mother, with an initial investment of ₹80,000 crore in Lalitha Jewellers' account, reflecting the trust placed in him.
Highlighting the long-term nature of gold prices, Kumar urged customers not to be deterred by the current high prices, emphasizing that gold prices tend to rise over time, making it a wise investment.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
