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Joyalukkas
Jewellery · Gold / diamond / global retail
Private (IPO withdrawn)India
HQThrissur, Kerala, India
Founded1987
FoundersJoy Alukkas Varghese
RegionIndia
Financials
FY24 Revenue~₹17,500 Cr (FY24 CFO guidance)
FY25 Revenue₹20,200 Cr (FY25, Tracxn)
YoY growth~17% FY24; ~20% CAGR FY25
Profitabilityprofitable
Channels & Distribution
Offline · 95%
D2C—
Marketplace—
Offline95%
Stores85
Tech stack
Primary stackCustom
Shopify share0%In-house: 100%
Mobile appYes
Stack signals
Enterprise custom + ERP
CRM: In-house
Analyst notes
Founded 1987 Abu Dhabi; India ops since 2002. Operating margin >10%. 100 India + 60 international stores claimed. Almost entirely offline.
Confidence: verifiedVerified 5 Jun 2026
Funding
Latest roundDRHP withdrawn2022
Round size₹2,300 Cr IPO (filed Feb 2022, withdrawn)
Total raised—
Valuation—
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