Entrepreneurs
Luxury and Legacy: Joy Alukkas’ Path from Kerala to Global Success
Born in Kerala, India, this entrepreneur giant brings the vision of Joyalukkas Jewellery known worldwide as a brand of luxury and diversified jewellery collections. Established way back in 1987, Joyalukkas has become a source of trust in jewellery worldwide, with over 160 showrooms in 11 countries across the Middle East and U.S. The story of Joy Alukkas is not just growing a successful brand but an ardent commitment to quality, innovation, and the dream of creating an entire global empire.
Born into a family that thinks nothing but jewellery, Joy Alukkas was ever-ready to embrace this passion at the youngest of ages. Starting from Thrissur in Kerala, Joy Alukkas envisioned an international footprint for his brand right from the very onset. In 1987 he entered the Middle East market by opening his first international showroom at Abu Dhabi. This decision not only targeted a huge Indian diaspora but also met an increasing global demand for exquisite jewellery. Commitment to excellence and delight for customers rapidly made Joyalukkas a brand in every family’s heart in the UAE, almost synonymous with trust and luxury.
Joyalukkas grew rapidly within years, establishing more than 160 showrooms in countries like the United States of America, United Kingdom, Singapore, and other places in the Middle East and India. All these showrooms conveyed the guarantee of the brand, which was best jewellery and an expensive shopping experience. Joy Alukkas’ vision was far more than jewellery. Recognizing growth opportunities in other sectors, he diversified his business interest and expanded into real estate, fashion, silk, and foreign exchange. These expansions positioned the Joyalukkas Group as a diversified conglomerate offering customers everything from stunning pieces of jewellery to high-end lifestyle products.
Joy Alukkas success hasn’t gone unnoticed. On his contributions to the business landscape and the economy of the region, in 2018, he was ranked as one of the “Top Indian Leaders in the Middle East” by Forbes. In recognition of his work, he was also a recipient of Dubai Quality Appreciation Award from Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed Bin Rashid Al Maktoum. This accolade will reinforce that commitment to excellence, customer satisfaction, and corporate responsibility, positioning the brand as one of the leaders in luxury retail.
With the shifting preference of consumers and digital shopping, Joy Alukkas adapted his business to enter the world of technology. The Joyalukkas Group ventured into selling jewellery online to meet its global customers who preferred the ease of buying fine jewellery from the comfort of their homes. It also gave the brand an opportunity to capture the younger demographics who require high-quality jewellery but prefer to shop online with ease.
Joyalukkas continues to emphasize age-old craftsmanship, meeting diverse tastes across regions. With age-old gold jewellery to contemporary diamond pieces, Joyalukkas promises to always deliver designs to suit customers from all walks of culture.
Joy Alukkas also has been widely reported for his philanthropy and contribution towards community development and social welfare. The Joyalukkas Foundation has actively been contributing towards a majority of health, educational, and relief activities from different disasters. Therefore, such commitments to giving back make the company committed not only to luxury and profit but also to creating some positive impact in society.
Apart from the financial results, Joy Alukkas feels that through the company, he can inspire trust, offer value, and make a memorable experience for every customer who walks into the doors of a Joyalukkas showroom. With a net worth estimated at over $2 billion by Forbes, Joy Alukkas remains one of the greatest Indian entrepreneurs around the world. From a single showroom in Abu Dhabi to a worldwide presence, Joy Alukkas has built an empire that is profitable and influential. His story is dedicated, a great combination of vision and the very pursuit of excellence.