Kalyan Jewellers appoints two new directors and names a new Chief Executive Officer

As part of a move to expand its Board of Directors, Kalyan Jewellers announced the appointment of two new directors and named a new Chief Executive Officer. With this announcement, Salil Nair joins the company’s board as Non-Executive Director. He holds expertise in retail management and is known for his successful stint as CEO at Shopper’s Stop.

Speaking about the appointment, T S Kalyanaraman, Chairman and Managing Director, Kalyan Jewellers said, “We are extremely delighted to welcome Salil Nair to Kalyan Jewellers. He brings to the table unmatched expertise in retail and merchandising, and his board presence will be a great value add, as we aim to continue our successful journey and expand our footprint to cater to newer audiences, despite the challenges in the COVID-19 era.”

With broader economic reforms and increased government efforts, there is a clear shift in consumer demand from unorganized to organized jewellery sector. In the post-pandemic era, this growth will be further accelerated, with safe shopping environments, technology solutions and consumer awareness leading the way. As a retail expert, Salil Nair’s proficiency will stand in good stead.

Commenting on the appointment, Salil Nair, Non-Executive Director, Kalyan Jewellers, said, “Kalyan Jewellers’ unparalleled success in providing an exclusive and distinguished retail shopping experience to its customers has played a key role in making it one of India’s strongest brands. I have been a witness to the brand’s journey of diversifying its retail strategy with innovative solutions, to embrace the ever-changing consumer needs. I, therefore, look forward to working closely with the leadership team, towards offering customers a superior shopping experience while they celebrate some of the biggest moments of their lives.”

In addition to Salil Nair, Kalyan Jewellers has elevated Sanjay Raghuraman to Chief Executive Officer from his earlier position as the Chief Operating Officer for the company. Anil Nair, who was previously the CEO & Managing Partner of L&K Saatchi & Saatchi has also been appointed as Independent Director on the company’s board.