An affiliate of Warburg Pincus, a global private equity firm dealing with growth investment is investing Rs. 500 crore, making the total investment Rs. 1700 Cr, Kalyan Jewellery said in a statement.

In 2014, Warburg Pincus, a US based private equity major had invested Rs. 1200 Cr in exchange for a minority stake. Kalyan Jewellery has been steadily growing, making major expansions in the international market as well and this funding has come at a very appropriate time. This is by far the largest investment that has been made in the jewellery sector.

In the coming years, Kalyan will open more showrooms in Mumbai, Delhi and the South and will enter the markets in UP and Madhya Pradesh. Internationally, Kalyan is planning to begin operations in Saudi Arabia, Bahrain, Oman, Singapore and Malaysia. There are already 13 showrooms in UAE and the number will increase in the future.