Kalyan Jewellers has invested ₹350 crore into its wholly-owned online subsidiary, Candere Lifestyle Jewellery, via a rights issue to repay inter-company loans. This strategic move aims to strengthen Candere's balance sheet and support its ambitious omnichannel expansion.
₹350 crore
Investment Amount
⏳ Time Machine
How today’s news fits into the bigger picture
2010
Candere Lifestyle Jewellery incorporated.
Candere Lifestyle Jewellery Private Limited is incorporated as a private limited company, initially named Enovate Information Technologies Private Limited, focusing on e-commerce retail of jewellery.
2017
Kalyan Jewellers acquires Candere.
Kalyan Jewellers acquires Candere, marking its strategic entry into the online jewellery market and initiating its omnichannel expansion strategy.
August 2025
Candere renamed to Lifestyle Jewellery.
The company's name is formally changed to Candere Lifestyle Jewellery Private Limited, reflecting its positioning as a digital-first lifestyle jewellery brand.
November 2025
Candere expands physical footprint.
Candere expands its retail presence in Maharashtra by opening two new stores in Mumbai, bringing its total physical outlets to 98 and emphasizing its omnichannel strategy.
March 31, 2026
Candere reports negative net worth.
Candere Lifestyle Jewellery Private Limited reports a turnover of ₹4,253.66 million but records a net loss of ₹127.77 million and a negative net worth of ₹325.14 million for FY26.
July 2026
Candere reports strong revenue growth.
Kalyan Jewellers reports that its digital-first platform, Candere, registered a robust 112% revenue growth during the quarter ended June 30, 2026, signaling strong market acceptance for its offerings.
Today
Kalyan Jewellers invested ₹350 crore in its online subsidiary, Candere, via a rights issue to repay inter-company loans.
What happens next?
Candere is expected to accelerate its omnichannel expansion, growing its physical showroom footprint, particularly in non-south Indian markets, with a strengthened balance sheet.
Kalyan Jewellers India Limited has injected ₹350 crore into its online subsidiary, Candere Lifestyle Jewellery Private Limited, through a rights issue. This capital infusion, completed on September 19, 2026, is primarily to repay existing inter-company loans, effectively restructuring Candere's balance sheet without changing Kalyan's 100% ownership. The move aims to bolster Candere's financial standing and accelerate its growth in the competitive e-commerce jewellery market, where it reported a turnover of ₹4,253.66 million in FY26 but also a net loss. This strategic investment underscores Kalyan Jewellers' commitment to its digital-first brand's expansion, blending online presence with a growing network of physical showrooms.
💭 If you're wondering…
A wholly-owned subsidiary is a company whose common stock is 100% owned by another company, known as the parent company. This means the parent company has complete control over the subsidiary's operations and management.
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