Vinsmera Group to Invest ₹2,000 Crore in Gold Retail Business.

Kannur-based Vinsmera Group has announced plans to invest ₹2,000 crore over the next two years to establish a nationwide gold retail chain, along with production and manufacturing facilities in India and the Gulf region.

Dinesh Kambrath, Co-Founder of Vinsmera Group, said the company aims to open 20 exclusive showrooms and set up dedicated production units as part of its expansion strategy. In the first phase, retail outlets will be launched in Kochi, Kozhikode, Thiruvananthapuram, Chennai, and Bengaluru.

A state-of-the-art production facility is also planned in Kannur, while manufacturing units will be established in Abu Dhabi, Dubai, and Sharjah. To boost brand visibility, the group has signed popular actor Mohanlal as its brand ambassador, Kambrath added.

HBL