Hyderabad, August 31: Vaishnavi Gold, a leading jewellery house, today announced its aggressive expansion plans for Hyderabad looking at Rs 200-crore turnover in the current fiscal.
Its 4,500-square feet exclusive jewellery store at Kukatpally on September 1 offers traditional and contemporary jewellery conforming to international standards, including specifically-designed Italian an domestic ware for middle class and high class people.
“We have decided to embark on a rapid expansion to cater to the increasing demand for jewellery, especially diamond jewellery. This is just the beginning as we are looking at tapping the potential market in Hyderabad in the days to come,” Mr M Prakash, its Chairman and managing Director said.
He said the company was in the process of setting up a similar outlet at Dilsukhnagar in Hyderabad, which will be operational in the next three to four months.
“Considered to be the biggest gold, silver and diamond jewellery destination in Hyderabad, we are planning a five-story mall, spread across 10,000-square feet. The first-of-its-kind mall in the state and will go on stream in six to seven months from now, offering all the contemporary and personalised designer jewellery as per the customer’s requirements as affordable costs.” Mr Prakash said.
–Agencies