Joy Alukkas

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Joy Alukkas
File:Joy Alukkas Picture Final.jpg
Joy Alukkas
Born
Alukkas Varghese Joy

(1956-10-29) 29 October 1956 (age 67)
Thrissur, Kerala, India
TitleChairman - Joyalukkas Group

Joy Alukkas (born Alukkas Varghese Joy; 29 October 1956) is an Indian businessman from Kerala. He is the chairman and managing director of Joyalukkas Jewellery.

Early life

Joy Alukkas was born in Thrissur, Kerala, on 29 October 1956. His father, Varghese Alukkas, was a jeweller who started his first jewellery showroom in 1956.[1]

Career

In 2001, Alukkas founded Joy Alukkas Jewelry. The group is based in Thrissur, Kerala and Dubai.[2] Joyalukkas has 85 showrooms in India and 45 showrooms across the globe.[3][4] In 2012, Joyalukkas was authorized to sell Forevermark branded diamonds from De Beers.[5]

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.[6]

In 2007, he opened the world's largest gold & diamond jewellery showroom,[7] and the first Diamond Cave, in Chennai, India.[8]

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.[7]

Philanthropy

Initiatives such as the Blood Donor's Forum hold donation drives for employees in association with leading hospitals, whereas the Joy 4 Earth program undertakes several environmental projects. Under the My 0.50 drive scheme, every employee donates 0.50 fils of their salary each day towards a cause, which Joy Alukkas matches on an equal scale.[9]

In May 2018, Alukkas donated Rs. 20 million as a relief fund for victims of the Cyclone Ockhi.[10] After the Kerala Floods in September 2018, the Joyalukkas Foundation announced that it would build 250 houses for those who have lost their homes.[11]

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) [12]
  • Listed in Forbes Magazine in both their World's Billionaire's list as well as their India's Rich list.[13][14] (2018)
  • Recognised as one of the top 100 business leaders in the UAE by Arabian Business Magazine.[15] (2012)
  • 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

  1. ^ "Joy Alukkas: The Midas touch". Forbes India. Retrieved 27 May 2019.
  2. ^ News - The Hindu - 4 March 2006
  3. ^ News - The Business Standard - 10 January 2014
  4. ^ The Times of India - 13 November 2012
  5. ^ Express News Service (2 October 2012). "Forevermark joins hands with Joyalukkas". The New Indian Express.
  6. ^ Reddy, U. Sudhakar (11 January 2018). "I-T dept sleuths swoop down on Joyalukkas showrooms, 'tax evasion' under scanner". The Times of India. Retrieved 22 September 2022.
  7. ^ a b Govardan, D. (31 January 2007). "World's largest gold showroom to come up in Chennai". The Economic Times. Retrieved 27 May 2019.
  8. ^ "'Diamond Cave' at Joyalukkas outlet. - Free Online Library". www.thefreelibrary.com. Retrieved 27 May 2019.
  9. ^ "Personality Plus The Golden Touch". www.indianjeweller.in. Retrieved 27 May 2019.
  10. ^ Staff Report. "UAE-based Joyalukkas Group donates Rs20m to Ockhi relief funds". Khaleej Times. Retrieved 27 May 2019.
  11. ^ "Joyalukkas Group to build 250 houses for Kerala flood victims". gulfnews.com. Retrieved 27 May 2019.
  12. ^ "Joy Alukkas receives 'Business Excellence Award 2016'". Emirates Business. Retrieved 27 May 2019.
  13. ^ Abbas, Waheed. "14 billionaires in UAE own Dh171 billion in wealth". Khaleej Times. Retrieved 27 May 2019.
  14. ^ John, Issac. "12 from UAE in Forbes world's super rich list". Khaleej Times. Retrieved 27 May 2019.
  15. ^ "Indian.100.2012-87.Joy Alukkas". ArabianBusiness.com. Retrieved 27 May 2019.
  16. ^ "Joyalukkas gets best Indian Diamond Jewellery of the Year award | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN". DT News. Retrieved 18 November 2019.
  17. ^ "Joy Alukkas". Forbes. Retrieved 18 October 2022.

External links

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