Joy Alukkas: Difference between revisions
Content deleted Content added
→Career: Removing as per no coverage Tags: Manual revert Reverted |
Restored revision 1159976163 by DreamRimmer (talk) |
||
| Line 22: | Line 22: | ||
'''Joy Alukkas''' is an Indian businessman from [[Kerala]]. He is the Chairman and Managing Director of Joyalukkas Group. As per the 2023 Forbes report he has a net worth of $3.1 billion.<ref>{{Cite web |title=Joy Alukkas |url=https://www.forbes.com/profile/joy-alukkas/ |access-date=2023-04-12 |website=Forbes |language=en}}</ref> |
'''Joy Alukkas''' is an Indian businessman from [[Kerala]]. He is the Chairman and Managing Director of Joyalukkas Group. As per the 2023 Forbes report he has a net worth of $3.1 billion.<ref>{{Cite web |title=Joy Alukkas |url=https://www.forbes.com/profile/joy-alukkas/ |access-date=2023-04-12 |website=Forbes |language=en}}</ref> |
||
In February 2023, the Income Tax Department confiscated assets worth Rs 305 crore (Indian unit meaning ten million) of Joy Alukkas group as part of the raid on alleged black money transfer.<ref>{{Cite web |date=2023-02-24 |title=ED attaches assets worth over ₹305 crore of Joyalukkas jewellery group |url=https://www.hindustantimes.com/india-news/ed-attaches-assets-worth-over-rs-305-crore-of-joyalukkas-jewellery-group-101677245196882.html |access-date=2023-06-13 |website=Hindustan Times |language=en}}</ref><ref>{{Cite web |title=Assets Worth Rs 305 Crore Of Jewellery Chain Joyalukkas Seized |url=https://www.ndtv.com/india-news/assets-worth-rs-305-crore-of-jewellery-chain-joyallukas-seized-3811488 |access-date=2023-06-13 |website=NDTV.com}}</ref> |
|||
== Early life == |
== Early life == |
||
| Line 28: | Line 30: | ||
== Career == |
== Career == |
||
In 2001, Alukkas founded Joy Alukkas Jewelry. The group is based in [[Thrissur]], [[Kerala]] and [[Dubai]].<ref>[https://web.archive.org/web/20080113170904/http://www.hindu.com/2006/03/04/stories/2006030410711700.htm News - The Hindu - 4 March 2006]</ref> Joyalukkas has 85 showrooms in India and 45 showrooms across the globe.<ref>[http://www.business-standard.com/article/companies/joyalukkas-to-expand-outside-south-114011000927_1.html News - The Business Standard - 10 January 2014]</ref><ref>[https://archive.today/20130126075452/http://articles.timesofindia.indiatimes.com/2012-11-13/kochi/35087489_1_joy-jets-embraer-uae-and-india The Times of India - 13 November 2012]</ref> In 2012, Joyalukkas was authorized to sell [[Forevermark]] branded diamonds from [[De Beers]].<ref>{{cite news |last1=Express News Service |title=Forevermark joins hands with Joyalukkas |url=http://newindianexpress.com/cities/chennai/article1282054.ece |work=The New Indian Express |date=2 October 2012}}</ref> |
In 2001, Alukkas founded Joy Alukkas Jewelry. The group is based in [[Thrissur]], [[Kerala]] and [[Dubai]].<ref>[https://web.archive.org/web/20080113170904/http://www.hindu.com/2006/03/04/stories/2006030410711700.htm News - The Hindu - 4 March 2006]</ref> Joyalukkas has 85 showrooms in India and 45 showrooms across the globe.<ref>[http://www.business-standard.com/article/companies/joyalukkas-to-expand-outside-south-114011000927_1.html News - The Business Standard - 10 January 2014]</ref><ref>[https://archive.today/20130126075452/http://articles.timesofindia.indiatimes.com/2012-11-13/kochi/35087489_1_joy-jets-embraer-uae-and-india The Times of India - 13 November 2012]</ref> In 2012, Joyalukkas was authorized to sell [[Forevermark]] branded diamonds from [[De Beers]].<ref>{{cite news |last1=Express News Service |title=Forevermark joins hands with Joyalukkas |url=http://newindianexpress.com/cities/chennai/article1282054.ece |work=The New Indian Express |date=2 October 2012}}</ref> |
||
In 2018, [[Income Tax Department]] [[Kochi]] carried out an IT raid on over 130 showrooms and premises related to the group and unearthed [[Tax evasion]] and unaccounted sales of [[Gold jewellery]] to the tune of ₹500 crores.{{citation needed|date=May 2023}} |
|||
In 2007, he opened the world's largest gold & diamond jewellery showroom,<ref name=":1">{{Cite news|url=https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/worlds-largest-gold-showroom-to-come-up-in-chennai/articleshow/1547336.cms|title=World's largest gold showroom to come up in Chennai|last=Govardan|first=D.|date=2007-01-31|work=The Economic Times|access-date=2019-05-27}}</ref> and the first Diamond Cave, in [[Chennai]], India.<ref>{{Cite web|url=https://www.thefreelibrary.com/%27Diamond+Cave%27+at+Joyalukkas+outlet.-a0217266384|title='Diamond Cave' at Joyalukkas outlet. - Free Online Library|website=www.thefreelibrary.com|access-date=2019-05-27}}</ref> |
In 2007, he opened the world's largest gold & diamond jewellery showroom,<ref name=":1">{{Cite news|url=https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/worlds-largest-gold-showroom-to-come-up-in-chennai/articleshow/1547336.cms|title=World's largest gold showroom to come up in Chennai|last=Govardan|first=D.|date=2007-01-31|work=The Economic Times|access-date=2019-05-27}}</ref> and the first Diamond Cave, in [[Chennai]], India.<ref>{{Cite web|url=https://www.thefreelibrary.com/%27Diamond+Cave%27+at+Joyalukkas+outlet.-a0217266384|title='Diamond Cave' at Joyalukkas outlet. - Free Online Library|website=www.thefreelibrary.com|access-date=2019-05-27}}</ref> |
||
Revision as of 18:08, 21 July 2023
 | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
|
Joy Alukkas | |
|---|---|
 | |
| Born | Alukkas Varghese Joy |
| Title | Chairman - Joyalukkas Group |
Joy Alukkas is an Indian businessman from Kerala. He is the Chairman and Managing Director of Joyalukkas Group. As per the 2023 Forbes report he has a net worth of $3.1 billion.[1]
In February 2023, the Income Tax Department confiscated assets worth Rs 305 crore (Indian unit meaning ten million) of Joy Alukkas group as part of the raid on alleged black money transfer.[2][3]
Early life
His father, Varghese Alukkas, was a jeweller who started his first jewellery showroom in 1956.[4]
Career
In 2001, Alukkas founded Joy Alukkas Jewelry. The group is based in Thrissur, Kerala and Dubai.[5] Joyalukkas has 85 showrooms in India and 45 showrooms across the globe.[6][7] In 2012, Joyalukkas was authorized to sell Forevermark branded diamonds from De Beers.[8]
In 2018, Income Tax Department Kochi carried out an IT raid on over 130 showrooms and premises related to the group and unearthed Tax evasion and unaccounted sales of Gold jewellery to the tune of ₹500 crores.[citation needed]
In 2007, he opened the world's largest gold & diamond jewellery showroom,[9] and the first Diamond Cave, in Chennai, India.[10]
Other businesses headed by Joy Alukkas include Mall of Joy, a shopping retail destination, Jolly Silks, a silk fashion label, Joyalukkas Exchange, a money exchange platform, and Joyalukkas Lifestyle Developers, a real estate company.[9]
Philanthropy
In May 2018, Joy Alukkas donated ₹20,000,000 as a relief fund for victims of the Cyclone Ockhi.[11] After the Kerala Floods in September 2018, the Joyalukkas Foundation announced that it would build 250 houses for those who have lost their homes.[12]
Awards and accolades
- Alukkas received ‘The Business Excellence Award 2016’ from Sheikh Nahyan Bin Mubarak Al Nahyan, UAE Minister of Culture, Youth and Social Development, organized by Indian Business Professionals Council (IBPC). (2016) [13]
- Listed in Forbes Magazine in both their World's Billionaire's list as well as their India's Rich list.[14][15] (2018)
- Best Indian Diamond Jewellery of the Year by Retail Jeweller Middle East innovation Awards (2019) [16]
- Listed as the 69th richest Indian in Forbes India’s Richest List[17] - 2022 (2022)
References
- ^ "Joy Alukkas". Forbes. Retrieved 12 April 2023.
- ^ "ED attaches assets worth over ₹305 crore of Joyalukkas jewellery group". Hindustan Times. 24 February 2023. Retrieved 13 June 2023.
- ^ "Assets Worth Rs 305 Crore Of Jewellery Chain Joyalukkas Seized". NDTV.com. Retrieved 13 June 2023.
- ^ "Joy Alukkas: The Midas touch". Forbes India. Retrieved 27 May 2019.
- ^ News - The Hindu - 4 March 2006
- ^ News - The Business Standard - 10 January 2014
- ^ The Times of India - 13 November 2012
- ^ Express News Service (2 October 2012). "Forevermark joins hands with Joyalukkas". The New Indian Express.
- ^ a b Govardan, D. (31 January 2007). "World's largest gold showroom to come up in Chennai". The Economic Times. Retrieved 27 May 2019.
- ^ "'Diamond Cave' at Joyalukkas outlet. - Free Online Library". www.thefreelibrary.com. Retrieved 27 May 2019.
- ^ Staff Report. "UAE-based Joyalukkas Group donates Rs20m to Ockhi relief funds". Khaleej Times. Retrieved 27 May 2019.
- ^ "Joyalukkas Group to build 250 houses for Kerala flood victims". gulfnews.com. Retrieved 27 May 2019.
- ^ "Joy Alukkas receives 'Business Excellence Award 2016'". Emirates Business. Retrieved 27 May 2019.
- ^ Abbas, Waheed. "14 billionaires in UAE own Dh171 billion in wealth". Khaleej Times. Retrieved 27 May 2019.
- ^ John, Issac. "12 from UAE in Forbes world's super rich list". Khaleej Times. Retrieved 27 May 2019.
- ^ "Joyalukkas gets best Indian Diamond Jewellery of the Year award | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN". DT News. Retrieved 18 November 2019.
- ^ "Joy Alukkas". Forbes. Retrieved 18 October 2022.