MAM
Chemmanur Jewellers plans Rs.1 bn spend on 30 new outlets
BANGALORE: The Rs. 4 billion Chemmanur group announced the opening of its fifth and sixth Karnataka jewellery retail outlets in Haskote near Bangalore. Chemmanur is already present at 15 different retails outlets world wide including Bangalore, Mangalore, Bhatkal, Marathahalli in Karnataka, in the middle east at Dubai, Abu Dhabi and Bahrain, besides three outlets at Kerala and five at Tamil Nadu.
The group envisages Rs. 1 billion investments in Gold, silver and Diamond retail showrooms within two years with the opening of 15 New Showrooms in and around Bangalore within this financial year and another 15 new mini-showrooms in select and different cities and towns of Karnataka having a population of more than one hundred thousand. Each outlet in an around Bangalore would entail an investment of approximately Rs.30 to 40 million.
An official release says, the support of financial institutions like Catholic Syrian Bank, Corporation Bank, Bank of India and Vijay Bank complemented by the growth of retail and financial customers and well-wishers are the motivation factors for the ambitious expansion plans.
For the new showrooms local candidates, both male and female, would be preferred and extensive training is imparted to them at Bangalore. Professional training is provided by the Chemmanur Gold Academy in the knowledge of Gold, Diamonds and Precious Stones to employees and also to improve their skills in Sales and Customer Satisfaction, the release adds.
The group is also planning to allot equities to the Senior Employees who have served the organization for more than five years.
For meeting temporary financial requirements without liquidating their jewellery, Chemmanur has come with a unique concept by which customers can sell their gold ornaments purchased from anywhere around the world to Chemmanur outlets and avail of cash. This purchased gold is not melted but is retained in the same form in the safe custody of a bank locker. The customer has the option of buy back the same gold within the specified period against a nominal charge. This scheme has garnered around Rs.90 million over the last 9 months since it’s inception and Chemmanur is upbeat about the future growth in this ‘Cash against gold’ scheme as Chemmanur terms it.
MAM
Beacon Group appoints Dr Rajesh Patel as Group CEO
36-year healthcare veteran to lead Beacon Diagnostics, Vector Biotek, Biogeny.
MUMBAI: A new chief, a fresh diagnosis and a sharper prescription for growth. Beacon Group has appointed Dr Rajesh Patel as its Group Chief Executive Officer, effective April 1, 2026, signalling a decisive push to scale its presence in the diagnostics and IVD space. Patel steps into the role with 36 years of experience across the healthcare and diagnostics industry, bringing a career shaped by leadership roles spanning sales, marketing, business development and operational strategy. His mandate is both expansive and precise: to steer the group’s overall strategic direction while tightening coordination across its three core entities Beacon Diagnostics, Vector Biotek and Biogeny Diagnostics.
In practical terms, that means driving cross-company synergies, accelerating market expansion and strengthening organisational capability areas increasingly critical as diagnostic players compete for scale in a fragmented yet rapidly evolving healthcare ecosystem. The group is positioning itself to capture unmet demand across chain laboratories, key accounts and standalone labs, segments that remain underserved despite growing diagnostic needs.
The appointment comes at a time when the In Vitro Diagnostics (IVD) sector in India is entering a more competitive and innovation-led phase, with companies focusing not just on product pipelines but also on service delivery, integration and customer-centric models. Beacon’s leadership appears to be betting that Patel’s execution-focused approach can help translate ambition into operational momentum.
Welcoming the appointment, Chairman Dr D K Joshi described Patel’s induction as a strategic move aligned with the group’s long-term vision, emphasising the role of leadership depth in navigating the next phase of growth.
For Beacon Group, the message is clear, in a sector where precision matters, leadership is the new differentiator—and this appointment is intended to set the tone for what comes next.
