Beyond Export: Vinsmera's ₹2,000 Crore Journey into Indian Gold Retail

Vinsmera Group has announced a Rs 2,000 crore investment over the next two years to establish a nationwide gold retail chain.

The company plans to open 20 exclusive showrooms and set up production units across India and the Gulf region. Co-Founder of Vinsmera Group, Dinesh Kambrath stated that the first phase will include retail outlets in Kochi, Kozhikode, Thiruvananthapuram, Chennai, and Bengaluru, along with a production facility in Kannur. “The first retail store in 10,000 sq ft will be opened in Kozhikode by the end of April, followed by Kochi,” he said.

The Group aims to redefine jewellery retail with a focus on craftsmanship, sustainability, and job creation. The expansion is expected to generate 2,500 work opportunities, ensuring significant women’s participation in the jewellery manufacturing sector.

With over three decades of expertise in design, manufacturing, and exports, Vinsmera Group has been a key supplier for leading jewellery brands across India, the US, and the Gulf. 

News by Rahul Yelligetti.