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

Kannur-based Vinsmera Group has announced a ₹2,000 crore investment plan over the next two years to establish a nationwide gold retail chain. The company aims to open 20 exclusive showrooms and set up dedicated production units across India and the Gulf region as part of its expansion strategy.

Dinesh Kambrath, Co-Founder of Vinsmera Group, stated that the first phase of the rollout will include retail outlets in Kochi, Kozhikode, Thiruvananthapuram, Chennai, and Bengaluru. Additionally, the company plans to establish a state-of-the-art production facility in Kannur, along with manufacturing units in Abu Dhabi, Dubai, and Sharjah. Notably, renowned actor Mohanlal has been appointed as the brand ambassador for the group.

The first retail showroom, spanning 10,000 sq. ft., is set to open in Kozhikode by the end of April, followed by an outlet in Kochi. Vinsmera Group aims to redefine jewellery retail with a strong emphasis on craftsmanship, sustainability, and job creation, Kambrath added.

HBL