Latest News | Kalyan Jewellers Sets Up Subsidiary Firm in Oman to Expand Biz

New Delhi, Dec 28 (PTI) Kalyan Jewellers on Thursday said it has set up a subsidiary company in Oman to expand its business.

The new subsidiary, Kalyan Jewellers Procurement SPC, was incorporated on December 28, 2023, a regulatory filing said.

Also Read | India’s Remarkable Strides in 2023: A Year of Achievements Across Multiple Fronts.

"The object of incorporation of this step down subsidiary is to expand jewellery business in Oman," it added.

Kerala-based Kalyan Jewellers recorded a 30 per cent jump in consolidated net profit to Rs 278 crore during the first half of the current fiscal as against Rs 214 crore in the year-ago period.

Also Read | Year Ender 2023: From Turkey-Syria Earthquake to Israel-Hamas War and Russia’s Failed Moon Mission, Here Are Top Nine Global Events of The Year.

It has 209 showrooms across India and the Middle East.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)