Joy Alukkas: Difference between revisions
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{{short description|Indian |
{{short description|Indian }} |
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{{Multiple issues| |
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{{Peacock|date=February 2021}} |
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{{EngvarB|date=May 2014}} |
{{EngvarB|date=May 2014}} |
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{{Use dmy dates|date=May 2014}} |
{{Use dmy dates|date=May 2014}} |
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{{Infobox person |
{{Infobox person |
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| name = Joy Alukkas |
| name = Joy Alukkas |
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| death_date = |
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| death_place = |
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| title = Chairman |
| title = Chairman Joyalukkas Group |
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| spouse = |
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'''Joy Alukkas''' is an Indian businessman from [[Kerala]]. He is the |
'''Joy Alukkas''' is an Indian businessman from [[Kerala]]. He is the and of Joyalukkas Group. 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> |
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In February 2023, the Income Tax Department confiscated assets worth |
In February 2023, the Income Tax Department confiscated assets worth 305 crore of Joy Alukkas group as part of the raid on alleged black money .<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> |
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== Early life == |
== Early life == |
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His father, Varghese Alukkas, was a jeweller |
His father, Varghese Alukkas, was a jeweller.<ref name=":2">{{Cite web|url=http://www.forbesindia.com/article/big-bet/joy-alukkas-the-midas-touch/48809/1|title=Joy Alukkas: The Midas touch|website=Forbes India|language=en|access-date=2019-05-27}}</ref> |
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== Career == |
== Career == |
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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] |
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> |
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| ⚫ | 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 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> |
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In 2012, Joyalukkas was authorized to sell [[Forevermark]] branded diamonds from [[De Beers]].<ref>{{cite news |last1=Express News Service |date=2 October 2012 |title=Forevermark joins hands with Joyalukkas |work=The New Indian Express |url=http://newindianexpress.com/cities/chennai/article1282054.ece}}</ref> |
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| ⚫ | 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 |
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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.<ref name=":1" /> |
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.<ref name=":1" /> |
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== Awards and accolades == |
== Awards and accolades == |
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* 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) <ref name=":0">{{Cite web|url=http://emirates-business.ae/joy-alukkas-receives-business-excellence-award-2016/|title=Joy Alukkas receives 'Business Excellence Award 2016'|website=Emirates Business|language=en-US|access-date=2019-05-27}}</ref> |
* 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) <ref name=":0">{{Cite web|url=http://emirates-business.ae/joy-alukkas-receives-business-excellence-award-2016/|title=Joy Alukkas receives 'Business Excellence Award 2016'|website=Emirates Business|language=en-US|access-date=2019-05-27}}</ref> |
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* Listed in Forbes Magazine in both their [[The World's Billionaires|World's |
* Listed in Forbes Magazine in both their [[The World's Billionaires|World's ]] list as well as their India's Rich list.<ref>{{Cite web|url=https://www.khaleejtimes.com/business/banking-finance/14-billionaires-in-uae-own-dh171-billion-in-wealth-|title=14 billionaires in UAE own Dh171 billion in wealth|last=Abbas|first=Waheed|website=Khaleej Times|access-date=2019-05-27}}</ref><ref>{{Cite web|url=https://www.khaleejtimes.com/business/local/12-from-uae-in-forbes-worlds-super-rich-list|title=12 from UAE in Forbes world's super rich list|last=John|first=Issac|website=Khaleej Times|access-date=2019-05-27}}</ref> (2018) |
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*Best Indian Diamond Jewellery of the Year by Retail Jeweller Middle East innovation Awards (2019) |
*Best Indian Diamond Jewellery of the Year by Retail Jeweller Middle East innovation Awards (2019)<ref>{{Cite web|url=https://www.newsofbahrain.com/business/58263.html|title=Joyalukkas gets best Indian Diamond Jewellery of the Year award {{!}} THE DAILY TRIBUNE {{!}} KINGDOM OF BAHRAIN|website=DT News|language=en-US|access-date=2019-11-18}}</ref> |
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*Listed as the 69th richest Indian in Forbes India’s Richest List<ref>{{Cite web |title=Joy Alukkas |url=https://www.forbes.com/profile/joy-alukkas/ |access-date=2022-10-18 |website=Forbes |language=en}}</ref> |
*Listed as the 69th richest Indian in Forbes India’s Richest List<ref>{{Cite web |title=Joy Alukkas |url=https://www.forbes.com/profile/joy-alukkas/ |access-date=2022-10-18 |website=Forbes |language=en}}</ref> (2022) |
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== References == |
== References == |
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{{Reflist}} |
{{Reflist}} |
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== External links == |
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* {{url|http://www.joyalukkas.com}} |
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{{DEFAULTSORT:Alukkas, Joy}} |
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Revision as of 18:16, 21 July 2023
 | This article contains content that is written like an advertisement. (February 2021) |
Joy Alukkas | |
|---|---|
 | |
| Born | Alukkas Varghese Joy |
| Title | Chairman of Joyalukkas Group |
Joy Alukkas is an Indian businessman from Kerala. He is the chairman and managing director of Joyalukkas Group. According to a 2023 Forbes report, he has a net worth of $3.1 billion.[1]
In February 2023, the Income Tax Department confiscated assets worth ₹305 crore of Joy Alukkas group as part of the raid on alleged black money transfers.[2][3]
Early life
His father, Varghese Alukkas, was a jeweller.[4]
Career
In 2001, Alukkas founded Joy Alukkas Jewelry. The group is based in Thrissur, Kerala and Dubai.[5]
In 2007, he opened the world's largest gold & diamond jewellery showroom,[6] and a "Diamond Cave" in Chennai, India.[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 found tax evasion and unaccounted sales of gold jewellery to the tune of ₹500 crore.[citation needed]
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.[6]
Philanthropy
In May 2018, Joy Alukkas donated ₹20,000,000 as a relief fund for victims of the Cyclone Ockhi.[9] After the Kerala Floods in September 2018, the Joyalukkas Foundation announced that it would build 250 houses for those who have lost their homes.[10]
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) [11]
- Listed in Forbes Magazine in both their World's Billionaires list as well as their India's Rich list.[12][13] (2018)
- Best Indian Diamond Jewellery of the Year by Retail Jeweller Middle East innovation Awards (2019)[14]
- Listed as the 69th richest Indian in Forbes India’s Richest List[15] (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
- ^ 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.
- ^ Express News Service (2 October 2012). "Forevermark joins hands with Joyalukkas". The New Indian Express.
- ^ 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.
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