T S Kalyanaraman
Kalyan Jewellers’ chairman and managing director T S Kalayanaraman, is the wealthiest jeweller in India with a personal fortune of USD 1.3 billion, as per the Wealth-X report. Kalayanaraman opened his first jewellery shop in Thrissur City in 1993 with only USD 100,000 capital, and his business has now expanded to 32 showrooms across South India. Nirav Modi was ranked second on the list with an estimated net worth of USD 1.1 billion. The third on the list is M P Ahammed, with a personal fortune of USD 1 billion. Bima Jewellers’ B Govindan with a personal wealth of USD 620 million, Kiran Gems’ Vallabhbhai S Patel (USD 590 million), Laxmi Diamond’s Vasant Gajera (USD 580 million), Dharmanandan Diamonds’ Laljibhai Patel (USD 480 million), Kiran Gems’ Babubhai Lakhani (USD 470 million), Kiran Gems’ Mavji Bhai Patel (USD 410 million) and Rajesh Exports’ Rajesh Mehta (USD 310 million) are in the top ten.