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'''Joy Alukkas''' is an Indian businessman from [[Kerala]]. He is the Chairman and Managing Director of Joyalukkas Group. As per the 2023 Forbes report he has a net worth of $3.1 billion.<ref>{{Cite web |title=Joy Alukkas |url=https://www.forbes.com/profile/joy-alukkas/ |access-date=2023-04-12 |website=Forbes |language=en}}</ref> |
'''Joy Alukkas''' is an Indian businessman from [[Kerala]]. He is the Chairman and Managing Director of Joyalukkas Group. As per the 2023 Forbes report he has a net worth of $3.1 billion.<ref>{{Cite web |title=Joy Alukkas |url=https://www.forbes.com/profile/joy-alukkas/ |access-date=2023-04-12 |website=Forbes |language=en}}</ref> |
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In February 2023, the Income Tax Department confiscated assets worth Rs 305 crore (Indian unit meaning ten million) of Joy Alukkas group as part of the raid on alleged black money transfer.<ref>{{Cite web |date=2023-02-24 |title=ED attaches assets worth over ₹305 crore of Joyalukkas jewellery group |url=https://www.hindustantimes.com/india-news/ed-attaches-assets-worth-over-rs-305-crore-of-joyalukkas-jewellery-group-101677245196882.html |access-date=2023-06-13 |website=Hindustan Times |language=en}}</ref><ref>{{Cite web |title=Assets Worth Rs 305 Crore Of Jewellery Chain Joyalukkas Seized |url=https://www.ndtv.com/india-news/assets-worth-rs-305-crore-of-jewellery-chain-joyallukas-seized-3811488 |access-date=2023-06-13 |website=NDTV.com}}</ref> |
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== Early life == |
== Early life == |
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== Career == |
== Career == |
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In 2001, Alukkas founded Joy Alukkas Jewelry. The group is based in [[Thrissur]], [[Kerala]] and [[Dubai]].<ref>[https://web.archive.org/web/20080113170904/http://www.hindu.com/2006/03/04/stories/2006030410711700.htm News - The Hindu - 4 March 2006]</ref> Joyalukkas has 85 showrooms in India and 45 showrooms across the globe.<ref>[http://www.business-standard.com/article/companies/joyalukkas-to-expand-outside-south-114011000927_1.html News - The Business Standard - 10 January 2014]</ref><ref>[https://archive.today/20130126075452/http://articles.timesofindia.indiatimes.com/2012-11-13/kochi/35087489_1_joy-jets-embraer-uae-and-india The Times of India - 13 November 2012]</ref> In 2012, Joyalukkas was authorized to sell [[Forevermark]] branded diamonds from [[De Beers]].<ref>{{cite news |last1=Express News Service |title=Forevermark joins hands with Joyalukkas |url=http://newindianexpress.com/cities/chennai/article1282054.ece |work=The New Indian Express |date=2 October 2012}}</ref> |
In 2001, Alukkas founded Joy Alukkas Jewelry. The group is based in [[Thrissur]], [[Kerala]] and [[Dubai]].<ref>[https://web.archive.org/web/20080113170904/http://www.hindu.com/2006/03/04/stories/2006030410711700.htm News - The Hindu - 4 March 2006]</ref> Joyalukkas has 85 showrooms in India and 45 showrooms across the globe.<ref>[http://www.business-standard.com/article/companies/joyalukkas-to-expand-outside-south-114011000927_1.html News - The Business Standard - 10 January 2014]</ref><ref>[https://archive.today/20130126075452/http://articles.timesofindia.indiatimes.com/2012-11-13/kochi/35087489_1_joy-jets-embraer-uae-and-india The Times of India - 13 November 2012]</ref> In 2012, Joyalukkas was authorized to sell [[Forevermark]] branded diamonds from [[De Beers]].<ref>{{cite news |last1=Express News Service |title=Forevermark joins hands with Joyalukkas |url=http://newindianexpress.com/cities/chennai/article1282054.ece |work=The New Indian Express |date=2 October 2012}}</ref> |
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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.{{citation needed|date=May 2023}} |
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In 2007, he opened the world's largest gold & diamond jewellery showroom,<ref name=":1">{{Cite news|url=https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/worlds-largest-gold-showroom-to-come-up-in-chennai/articleshow/1547336.cms|title=World's largest gold showroom to come up in Chennai|last=Govardan|first=D.|date=2007-01-31|work=The Economic Times|access-date=2019-05-27}}</ref> and the first Diamond Cave, in [[Chennai]], India.<ref>{{Cite web|url=https://www.thefreelibrary.com/%27Diamond+Cave%27+at+Joyalukkas+outlet.-a0217266384|title='Diamond Cave' at Joyalukkas outlet. - Free Online Library|website=www.thefreelibrary.com|access-date=2019-05-27}}</ref> |
In 2007, he opened the world's largest gold & diamond jewellery showroom,<ref name=":1">{{Cite news|url=https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/worlds-largest-gold-showroom-to-come-up-in-chennai/articleshow/1547336.cms|title=World's largest gold showroom to come up in Chennai|last=Govardan|first=D.|date=2007-01-31|work=The Economic Times|access-date=2019-05-27}}</ref> and the first Diamond Cave, in [[Chennai]], India.<ref>{{Cite web|url=https://www.thefreelibrary.com/%27Diamond+Cave%27+at+Joyalukkas+outlet.-a0217266384|title='Diamond Cave' at Joyalukkas outlet. - Free Online Library|website=www.thefreelibrary.com|access-date=2019-05-27}}</ref> |
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Joy Alukkas
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Born | Alukkas Varghese Joy |
Title | Chairman - Joyalukkas Group |
Joy Alukkas is an Indian businessman from Kerala. He is the Chairman and Managing Director of Joyalukkas Group. As per the 2023 Forbes report he has a net worth of $3.1 billion.[1]
In February 2023, the Income Tax Department confiscated assets worth Rs 305 crore (Indian unit meaning ten million) of Joy Alukkas group as part of the raid on alleged black money transfer.[2][3]
His father, Varghese Alukkas, was a jeweller who started his first jewellery showroom in 1956.[4]
In 2001, Alukkas founded Joy Alukkas Jewelry. The group is based in Thrissur, Kerala and Dubai.[5] Joyalukkas has 85 showrooms in India and 45 showrooms across the globe.[6][7] In 2012, Joyalukkas was authorized to sell Forevermark branded diamonds from De Beers.[8]
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.[citation needed]
In 2007, he opened the world's largest gold & diamond jewellery showroom,[9] and the first Diamond Cave, in Chennai, India.[10]
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.[9]
In May 2018, Joy Alukkas donated ₹20,000,000 as a relief fund for victims of the Cyclone Ockhi.[11] After the Kerala Floods in September 2018, the Joyalukkas Foundation announced that it would build 250 houses for those who have lost their homes.[12]