All posts by Sujata Achary

IIT Roorkee, Feb 1, 2025: Travel Desk, established by Balmer Lawrie & Co. Ltd., was formally inaugurated at IIT Roorkee on 31st January 2025 by Mr. Adhip Nath Palchaudhuri, CMD, Balmer Lawrie & Co. Ltd. Prof. R D Garg, Dean of Resources & Alumni Affairs, along with other officials from IIT Roorkee and Balmer Lawrie & Co. Ltd. graced the ceremony with their presence.

The Travel Desk, a collaboration between IIT Roorkee and Balmer Lawrie & Co. Ltd., is aimed at providing comprehensive travel solutions and services to the IIT Roorkee community, enhancing convenience for faculties, staff, and students. This initiative is part of IIT Roorkee’s continuous efforts to foster strong ties with industry leaders and provide value-added services to its members.

Prof. K K Pant, Director of IIT Roorkee highlighted the importance of industry collaborations in enriching the overall experience at IIT Roorkee. He conveyed his gratitude to Balmer Lawrie for its support and partnership. Prof. R D Garg also noted the potential impact of the Travel Desk in simplifying travel arrangements for the campus community.

Mr. Adhip Nath Palchaudhuri (BE- E&C- 1992), an esteemed IITR alumnus, emphasized Balmer Lawrie’s enduring commitment to excellence and its steadfast support for educational institutions in his address. He expressed his enthusiasm for the partnership with IIT Roorkee, which will provide valuable services to the IITR fraternity.

The inauguration ceremony was attended by several faculty members, staff, and students, marking a significant milestone in the continued collaboration between IIT Roorkee and Balmer Lawrie & Co. Ltd.

The Travel Desk is now operational, and services will be available for all members of the IIT Roorkee community.

The annual Jaipur Music Stage, showcasing electrifying music each evening at the Jaipur Literature Festival, kicked off on January 30th, with much aplomb at Hotel Clarks Amer, Jaipur. The 3-day music festival, being held alongside the iconic sumptuous feast of books, literature & ideas, is a perfect conclusion to the events of each day.

The festival opened with a tribute to two historic poets of India: the 13th-14th century Sufi Amir Khusrau and the 14th-15th-century mystic poet Kabir Das. This evening showcased their timeless legacies through evocative performances.

The Amir Khusrau Project by Abhijit Pohankar, renowned for his expertise in Indian classical fusion and the keyboard, celebrated the sublime verses of Khusrau through their performance. Dastaan LIVE, an ensemble celebrated for its fusion of poetry, folk, and rock, brought Kabir’s poetic wisdom to life through the set Kabira Khada Bazaar Mein.

“We at Dastaan LIVE are so glad to bring Kabir’s message of love and unity in such times to Jaipur with our show Kabira Khada Bazaar Mein, which reinterprets the music of the play by the same name and was directed by M.K. Raina. Working with Teamwork Arts is always a great experience, and we appreciate the work that they put in to push the art and culture scene in the country,” said Anirban Ghosh, founder of Dastaan LIVE.

The much-awaited performances from Day 1 brought back the magic of live music to a stage that has seen some of the greatest offerings from India and around the world in its previous editions.

Chennai, Feb 1st, 2025: Auto and cab drivers in Tamil Nadu are committing to becoming India’s No. 1 in customer service and fair pricing, ensuring a seamless and safe travel experience for passengers across Tamil Nadu. With the adoption of Namma Yatri’s open model, customer ratings and service data will be openly available, enabling drivers and the entire community to collaborate and improve service quality metrics.

Tamil Nadu’s strong legacy of government-backed, people-first initiatives is now extending to urban mobility with Namma Yatra’s open model. Inspired by Aavin’s success in the dairy sector—where producers receive fair compensation while consumers enjoy quality and affordability—this initiative empowers driver cooperatives to take ownership of service quality, reliability, and fair pricing.

Through collaboration with key stakeholders, including the government, media, and influencers, Namma Yatri is committed to educating, empowering, and motivating drivers to become better service providers. This model ensures a win-win ecosystem where drivers earn fair wages and passengers benefit from affordable, high-quality transport.

During the event, presidents of various driver associations took the Aathi Choodi Pledge of “Aram Seiya Virumbhu” with “Namma Mission, Customer Satisfaction.” They also signed an agreement with Namma Yatri to uphold professionalism, reliability, and fair pricing, ensuring that passengers aren’t overcharged. The platform’s open data approach fosters trust and accountability, reinforcing its commitment to a customer-first experience.

When drivers transition to Namma Yatri, they enjoy 100% of their earnings while passengers benefit from fair and transparent fares. This shift directly addresses concerns over high commissions on other ride-hailing platforms, which have impacted driver incomes and increased costs for customers.

Happy drivers deliver happy service to customers. With an outstanding 4.8+ user rating, Namma Yatri operates on the government-backed ONDC network, ensuring a service-first approach to city mobility. Together with its family of apps, Namma Yatri has facilitated over 7.7 crore trips across India, enabling drivers to collectively earn ₹1,240 crore, empowering them with financial independence and a better future.

The initiative will collaborate with the government towards building a driver-empowered and people-centric mobility ecosystem. Safety measures are being strengthened through partnerships with government departments and community organizations, ensuring a safe and seamless travel experience. With collaboration from all stakeholders, Namma Yatri aims to set a new benchmark for sustainable and customer-friendly transportation in Tamil Nadu.

Chandigarh, 1st February 2025: Club Mahindra, the flagship brand of Mahindra Holidays & Resorts India Limited (MHRIL), has unveiled its latest property, Club Mahindra Patkote Jim Corbett, nestled in the misty hills of Kumaon, this serene sanctuary is a haven for nature enthusiasts. Surrounded by scenic trails, dense forests, vibrant wildlife, hidden treasures, and the melodious calls of birds, it offers an idyllic escape into nature.

The Club Mahindra Patkote Resort spans 4.7 acres and features 72 well-appointed rooms, providing a range of thoughtfully curated experiences for guests. From an inviting swimming pool and exquisite dining options to engaging indoor activities and a rejuvenating spa, the resort ensures a perfect blend of adventure and relaxation, making every stay memorable.

Conveniently accessible via Pantnagar and Bareilly Airports and Kathgodam and Ramnagar Railway Stations, the resort serves as an easily reachable retreat for travelers seeking tranquillity. The ideal time to visit is between November and February when the region’s serene beauty is at its peak.

Bookings for Club Mahindra Patkote Jim Corbett are now open on Club Mahindra’s website and app.

Commenting on the launch, Manoj Bhat, Managing Director & Chief Executive Officer, Mahindra Holidays & Resorts India Ltd, said, “Uttarakhand has always been a cherished destination for nature lovers. With our strong presence in the state through resorts in Mussoorie, Almora, and Kanatal, the launch of Club Mahindra Patkote further reinforces our commitment to providing exceptional retreats in some of India’s most pristine and picturesque locations. This addition reflects our vision of delivering unparalleled vacation ownership experiences that seamlessly combine comfort, culture, and nature.”

Chennai, February 1, 2025 – Indian Bank aligning with the national mission of achieving Swachh Bharat, undertook Pan-India cleanliness and sustainability initiatives, during the ongoing Swachhata Pakhwada (16th-31st January 2025).

At its Corporate Office in Chennai, a Swachhata Pledge was administered by Shri Binod Kumar, MD & CEO, along with the Executive Directors and senior officials, reinforcing the Bank’s commitment to hygiene and sustainability. This was followed by a signature campaign – ‘Say No to Single-Use Plastic’.

Bank organized a cleanliness and plantation drive today at Chennai, in addition to organizing a walkathon along with logging on 19.01.2025. These initiatives are directed towards spreading the message of Swachata among the general public.

At the field level, employees across branches actively took the pledge and participated in the cleanliness drives, contributing to a cleaner and greener environment.

National, 1st February 2025; IIM Sambalpur, one of the premier management institutions, hosted the much-awaited annual flagship conference titled, “International Management Perspectives Conference (IMPeC) 2025” with the theme “Digitalization, Entrepreneurship and Sustainability” at its campus. Aligning with the vision of the Viksit Bharat@47 – Transforming the nation’s future, IIM Sambalpur through IMPeC 2025 served as a platform for thought leadership and knowledge exchange researchers, eminent academicians, research scholars, and students to exchange ideas and to communicate and discuss research findings leading to new advances in Management Science. While reinforcing the country’s commitment towards digitalization, sustainability, and entrepreneurship, the three-day conference aims to shape the future of management education, research, and policy-making in the nation by facilitating high-quality research that specifically addresses emerging topics in these areas. Moreover, the event also created opportunities for participants to disseminate research ideas and explore possible scholarly collaborations and networking. More than 500 papers were presented during the conference both online and offline.

Keshav Rao, Director (Personnel), Mahanadi Coalfields Limited graced the occasion as the Chief Guest while Pankaj K Verma, Chief Sustainability Officer, Adani Green Energy was present as the keynote speaker, Praveen Kumar Verma, CEO, TATA Power Western Odisha Ltd and Prof. Mrinal Chatterjee, Regional Director, IIMCwere present as the guests of honor; and during the inauguration ceremony. Prof Mahadeo Jaiswal, Director, IIM Sambalpur, along with Dr. Arvind Sahay, Director, MDI Gurgaon; Dr. Shreepad Karmalkar, Director, IIT Bhubaneswar and Dr. Pawan Kumar Singh, Director, IIM Tiruchirappalli were present in the panel discussions.

Prof Mahadeo Jaiswal, Director, IIM Sambalpur, said, As AI rewrites the definition of intelligence, foundational principles of theory and the research. Should we place our trust in the models or should we trust the vast ocean of data? Business and innovation are positioned at the cusp of a paradigm curve, with the next 75 years witnessing the rise of agile startups over the corporate giants. As technology assumes more intellectual properties, humanity has to lose not its essence, but rather is challenged to mold change rather than adapt to it.”

Prof Jaiswal further shared, “At IIM Sambalpur, we are at the forefront of five strategic initiatives of national importance, and we keep working on gender diversity and the empowerment of women. Moreover, we are working towards the positioning of local cities as global economic hubs, reimagining educational methodologies, fostering global academic and industry collaborations, and defining ‘Brand India’ as a force in the global knowledge economy. This is aligned with the vision for Viksit Bharat 2047- the vision for growth that is both inclusive and sustainable, while exerting intellectual leadership on the world stage. We look to shape a future where India becomes a leader in academia, industry, and socio-economic development through interdisciplinary research, policy-driven engagement, and innovation.”

Shri Keshav Rao, Director (Personnel), Mahanadi Coalfields Limited, said, “Digitalization, entrepreneurship, and sustainability are the cornerstones of India’s economic and societal transformation. Our nation’s progress in digital innovation has positioned it as a global leader in financial technology, while the entrepreneurial ecosystem continues to drive groundbreaking innovations and wealth creation. However, sustainability remains a critical challenge that requires a careful balance between industrial growth and environmental responsibility.” He further added, “Institutions like IIM Sambalpur play a pivotal role in fostering intellectual discourse, industry-academia collaboration, and policy-driven solutions to address these transformative challenges. By integrating technology, entrepreneurship, and sustainable business practices, we can shape an inclusive and resilient future for India, contributing to the broader vision of Viksit Bharat 2047.
During the panel discussions, Prof Mahadeo Jaiswal, Director, IIM Sambalpur, along with Dr. Arvind Sahay, Director, MDI Gurgaon; Dr. Shreepad Karmalkar, Director, IIT Bhubaneswar and Dr. Pawan Kumar Singh, Director, IIM Tiruchirappalli explored the critical role of management institutions in shaping future leaders centered around the theme “B-School Leaders’ Dilemma: Where Should the Emphasis be in the Context of Digitalization, Entrepreneurship, and Sustainability?”. In the broader vision of Viksit Bharat 2047, the key requirement is skilled human capital, where academia can significantly contribute by nurturing capable managers and leaders to spearhead these three transformative themes.
The conference also featured various plenary sessions, panel discussions, and paper presentations across various domains including Challenges and opportunities in the future of work, Strategies for climate resilience and stakeholder engagement, Leveraging India’s demographic dividend for economic growth and guiding scholars on publishing and academic research excellence.

A special JMP Workshop on Statistical Discovery was also conducted by Dr. Muralidhara Anandamurthy, Head – Global Academic Ambassador, JMP (SAS).

The even witnessed participation from IITs, IIMs, regional colleges, and international institutions across online and offline modes. Among IITs, four institutions, including IIT Indore, IIT Roorkee, IIT Kharagpur, and IIT Bombay, participated online, while three, including IIT Dhanbad, IIT Roorkee, and IIT Delhi, took part offline. Similarly, four IIMs—Indore, Nagpur, Sambalpur, and Raipur—joined online, while IIM Sambalpur, IIM Sirmaur, IIM Calcutta, and IIM Ranchi participated offline. Regional colleges had significant involvement, with 119 participating online and 129 offline. Internationally, three institutions, including researchers from Bremen (Germany), Twilio (USA), and Fatima College of Health Sciences (UAE), contributed online, while the Ministry of Manpower (Indonesia) participated offline.

Mumbai, January 31, 2025: Sony SAB’s Shrimad Ramayan continues to captivate audiences with its narration of the epic tale of Lord Ram (Sujay Reu) and Sita (Prachi Bansal). Recently, the show delivered a powerful moment where Sita transformed into the fierce Maa Kali to save Lord Ram from Sahastramukh Raavan (Praneet Bhatt). This dramatic scene left viewers in awe, and the story of creating Maa Kali’s iconic look is just as compelling.

Inspired by the artistry of Kumortuli, Kolkata’s famed hub for crafting idols, immense effort went into ensuring authenticity. A skilled makeup artist traveled from Kolkata to the set at Umbergaon to design Prachi’s striking transformation, while exquisite jewelry pieces, including mund malas and chand males, were shipped within 48 hours. To further elevate the look, artisans from Kumortuli themselves arrived in Umbergaon to ensure every detail was perfect, from the ornaments to Maa Kali’s symbolic features.

Speaking about the experience, Prachi Bansal shared, “I am overwhelmed by the level of detailing that has gone into my look as Kaali Maa. Every small detail, from the makeup which went on for 4-5 hours, to the jewelry and the props, everything has been done meticulously and the Kumortuli artisans added a lot of their influence. Bringing Maa Kali to life on-screen was a divine journey, and I truly felt her power resonate within me during the process of this powerful transformation.”

Mumbai, 31st January, 2025: Hansa Research Group, a wholly-owned subsidiary of R K SWAMY Ltd., has received ISO 9001:2015 certification for quality management, ISO/IEC 27001:2022 for information security, and ISO 20252:2019 for research project management across its offices. These certifications confirm the company’s adherence to global standards and reliable processes. For clients, this translates into greater confidence in the services provided, with enhanced operational efficiency, information security, and high-quality outcomes.

The ISO 9001:2015 certification is the globally recognized benchmark for quality management. It ensures the company consistently maintains standards, complies with regulations, and delivers exceptional services, reinforcing its commitment to excellence and customer satisfaction.

The ISO/IEC 27001:2022 certification is the leading standard for Information Security Management Systems. This reflects the company’s commitment to safeguarding customer data, enhancing cybersecurity practices, and mitigating risks associated with unauthorized access and cyber threats.

The ISO 20252:2019 certification is the global standard for market, opinion, and social research, including insights and data analytics. This ensures the company’s processes are transparent, consistent, and error-free, delivering reliable, high-quality outcomes for clients.

Praveen Nijhara, Chief Executive Officer (CEO) of Hansa Research Group, said, “These certifications are a testament to our commitment to providing exceptional services to our clients, in line with international standards and our growth strategy.”

31 January 2025, National: The much-anticipated Artisan Awards 2025 concluded on a grand note, with Princess GauraviKumari gracing the occasion as the esteemed chief guest. Known for her patronage of art and culture, Princess GauraviKumari presented the awards to the winners, lauding their ingenuity and dedication to preserving Indian craftsmanship and design.

The 8th edition of The Artisan Award was hosted by the Gem & Jewellery Export Promotion Council (GJEPC)powered by GIA India, in association with the World Gold Council.

The presence of Princess GauraviKumari added a regal touch to the celebration, making it a night to remember for the artists, industry stalwarts, and dignitaries in attendance.

As the Artisan Jewellery Design Awards continue to spotlight the best of India’s craftsmanship, this year’s finale set a new benchmark in creativity, elegance, and royal patronage. She was joined on stage by Mr. Vipul Shah, Chairman, GJEPC; Mr. KiritBhansali, Vice Chairman, GJEPC; Mr. Sriram Natarajan, Managing Director, GIA India; Mr. Sachin Jain, Regional CEO, India, World Gold Council; Mr Milan Chokshi, Convener, Promotions & Marketing, GJEPC; and Mr. Sabyasachi Ray, Executive Director, GJEPC.

The event celebrated the finest expressions of Indian craftsmanship under this year’s theme, “Indian Crafts Reimagined,” which received over 630 entries.

In the diverse realm of Indian crafts, the 2025 Artisan Awards highlighted the interconnected nature of regional artistry within the country. Each participant drew inspiration from India’s rich heritage, blending traditional techniques with innovative interpretations. This thoughtful fusion ensured that age-old crafts not only retained their cultural significance but also found a meaningful place in modern design narratives.
The viewing gallery of the 20 finalists from the 8th Artisan Awards, themed Indian Crafts Reimagined, was open at JWCC. The showcased designs blended heritage crafts with innovation, celebrating ancient traditions while ensuring their modern relevance.

A visibly impressed Princess Gauravi Kumari of Jaipur remarked, “All the winning jewellery designs showcased at GJEPC’s Artisan Awards innovatively incorporated traditional art and craft. I believe that traditional crafts will always be relevant to today’s generation as long as designers introduce fresh perspectives and new twists while utilising modern silhouettes that appeal to global audiences. The new-age young consumer is moving from fast fashion to slow luxury. Gen-Next will get interested if we shift the narrative from the brand or product to the karigar (artisan) – the storytelling of their creative vision and interpretation is always compelling.”

Talking about jewellery making and craftsmanship as a legacy passed on from generation to generation, Princess Gauravi said, “Global connoisseurs recognise that Indian craft techniques have been passed on from one generation to another, just like the heritage legacy brands of Europe. Some of the best global designers have learnt and educated themselves about Indian craftsmanship and then used their creativity to bring innovation and relevance. My great-grandfather,Maharaja Man Singh II, wanted to see Jaipur as a global centre of design, art, and crafts. I want to carry forward this legacy and empower craftsmen who defy challenges and create with a positive attitude.”

Mr. Vipul Shah, Chairman, GJEPC, remarked, “The Artisan Awards aims to spotlight India’s unparalleled jewellery craftsmanship. This year’s theme, ‘Indian Crafts, Reimagined’, compelled participants to employ age-old crafts and design them through a contemporary lens, producing pieces that transcend cultural boundaries across the globe.

“Designing is one of the most sought-after skill sets in the industry and plays a pivotal role in generating value addition. For the sector to advance beyond retail, it is essential to enhance and expand design capabilities. The Artisan Awards serves as a platform to harness design talent at the grassroots level, nurturing India’s raw potential while driving innovation and creativity.

“At GJEPC, we also invest in structured skill development through our training institutes to ensure the industry’s sustained progress. Additionally, we strive to preserve and promote local crafts like the timeless jadau and meenakari of Jaipur and Benares, the intricate filigree of the East, and the temple jewellery of the South.

“I invite industry stakeholders such as the World Gold Council, PGI, and De Beers to collaborate with GJEPC in marketing and popularising India’s unique jewellery crafts on the global stage.”

Mr. Sachin Jain, Regional CEO, India, World Gold Council: “GJEPC’s Artisan Awards is a true testament of creativity and royalty in design capital. We at the World Gold Council are partnering with GJEPC to crown India as the jewellery hub of the world. It’s time for us to take Indian creativity and designs to the world. We appreciate the kalakaari(artistry) of India and will work with GJEPC to uplift the pristine status and impeccable standards of our craftsmanship. The Artisan Awards are a great celebration of Indian artistry. Every piece of gold jewellery crafted by these artisans is a testament to their dedication, skill, and artistic vision. The Awards serve as a platform to recognise their achievements and inspire future generations to appreciate and continue the legacy of gold jewellery artistry.”

Mr. Milan Chokshi, Convener, Promotion & Marketing, GJEPC adds, “The theme ‘Indian Crafts, Reimagined’ successfully inspired participants to leverage their creativity and design jewellery that seamlessly integrates global aesthetics with the essence of Indian craftsmanship. Through this journey, we witnessed exceptional pieces that not only preserved ancient crafts but also redefined their relevance for today’s discerning audience. The innovative interpretations highlighted the rich heritage of Indian techniques, demonstrating how our traditional craftsmanship remains relevant and continues to captivate younger generations in today’s dynamic world.”

The entries underwent a thorough scrutiny by a distinguished jury comprising Dr.UshaBalakrishnan, Eminent Jewellery Historian; Mr. Jay Sagar, Jewellery Specialist at AstaGuru Auction House;Mr. Apurva Kothari, Founding Partner of SAVAAB;Ms. Priya Tanna President, @trscreativeconsulting; Mr. Apoorva Deshingkar, Sr. Director – Market Outreach and Education, GIA India; andMs. Shachee Shah, Founder & Creative Head, Shachee Fine Jewellery.

The technical jury included Mr. DevinderLayal, Jewellery Artiste and Educationist; Ms. MeenalChoksi, Head of Design, Moksh Fine Unseen Jewellery; and Ms. SushamaKalzunkar Sawant, PD & Merchandising Head, KP Sanghvi.

At the celebratory event, GJEPC also honoured industry stalwarts whose remarkable contributions have made a lasting impact on both domestic and global fronts.

Mr. Sajil Shah, Creative Head and Founder of Sajjante, was honoured with the Design Excellence Award, while Mr. Ankit Mehta, Founder and diamond and jewellery business entrepreneurof the high-end brand Aneka, (previously Her Story),was bestowed with the prestigious Global Indian Jewellery Designer award.

Mr. Biren Vaidya, Managing Director of The House of Rose, was presented the Retail Excellence Award for its exceptional designs, high standards and excellent customer service.

The House of BNM was chosen for the Manufacturing Excellence Award, underscoring its commitment to quality and innovation. The award was received by its Co-Founder Mr. Binoy Shah.

Here’s what the judges had to say about The Artisan finalists:

Mr. Apoorva Deshingkar, Sr. Director – Market Outreach and Education, GIA India: “It is a privilege to be able to witness the design talent and their creations at The Artisan Awards. Not only does the theme – ‘Indian Craft, Reimagined’ – pose a challenge for the designers, but it also offers them a chance to creatively showcase the rich culture and heritage of Indianjewellery and artisanry. More than 630 entries are a testimony to the recognition that comes with a platform such as The Artisan Awards, and I extend my compliments to GJEPC for organising itsuccessfully year on year and raising the bar in the process. GIA India continues to support this industry initiative thathelps empower talented jewellery designers.”

Dr.UshaBalakrishnan, Eminent Historian: “Every Artisan piece has layers of narrative, from the designers who create it to the materials and designs that reflect our heritage. Crafts like Thewa, with their delicate artistry and potential for contemporary appeal, deserve greater global recognition.”

Mr. Jay Sagar, Jewellery Specialist at AstaGuru Auction House–“The designs beautifully blended tradition with contemporary appeal, and intricate creations that showcased impeccable attention to detail and lightweight charm. Indian craftsmanship is evolving, and with the younger generation of designers pushing boundaries, we are witnessing a transformative era.”

Mr. Apurva Kothari, Founding Partner of SAVAAB: “The participants have showcased exceptional creativity, blending India’s rich heritage with modern craftsmanship. The enamel work combined with gold truly stands out, reflecting a finesse in design and execution that brings every piece to life.”

Ms. Priya Tanna, President, @trscreativeconsulting: “I’m pleasantly surprised this year to witness a true revolution in the pieces being judged. The blend of traditional Indian crafts like Meenakari and beaten gold with contemporary designs is remarkable. What’s even more impressive is how these creations are designed for everyday elegance, making them both wearable and timeless.”

Ms. Shachee Shah, Founder & Creative Head, Shachee Fine Jewellery: “Jewellery is emotion brought to life, and when infused with Indian craftsmanship, it carries a deeper connection to our roots. This emotional resonance enhances its value, whether through meaningful storytelling, spiritual elements, or personalised touches like using birthstones.”

Chandigarh, 31 January 2025: Kalyan Jewellers India Limited recorded consolidated revenue of Rs 7287 crore in Q3 FY25 as against Rs 5223 crore in the corresponding period of the previous year, a growth of 40%. The consolidated PAT for Q3 FY25 was Rs 219 crore as against a PAT of Rs 180 crore for the corresponding period in the previous year. Consolidated PAT growth would be 44% adjusting for the loss due to the reduction in customs duty (announced during the Union Budget in July 2024).

The standalone revenue for the company (India) in Q3 FY25, was Rs 6393 crore, as against Rs 4512 crore in Q3 of the previous financial year, a growth of 42%. The India operations recorded a PAT of Rs 218 crore for the quarter compared to a PAT of Rs 168 crore for the corresponding period in the previous year. Adjusting for the customs duty loss the PAT growth would be 54%.

Total revenue from the Middle East operations during Q3 FY25 was Rs 840 crore as against Rs 683 crore in Q3 FY24, a growth of over 23%. The Middle East operations recorded a PAT of Rs 15 crore for the quarter compared to a PAT of Rs 14 crore for the corresponding period in the previous year. The PBT grew by 23% over the corresponding quarter of the previous year. However, the PAT growth for Q3FY25 was impacted due to the introduction of a new corporate tax in the UAE.

The e-commerce division, Candere, recorded a revenue of Rs 55 crore in Q3 FY25 versus Rs 29 crore in Q3 FY24. The company recorded a loss of Rs 6.9 crore in Q3 FY25 versus a loss of Rs 1.6 Cr during Q3 FY24.

Mr Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said, “We are extremely excited with the way the current year has progressed. The current quarter has started well despite the volatility in gold prices. We are upbeat about the ongoing wedding season and expect to end the financial year on a strong note. We are on track for the launch of 30 Kalyan showrooms and 15 Candere showrooms in India during the current quarter.”