06 Jun 2020
DiamondWorld Directory
Home |
C Krishniah Chetty & Sons to be divided amongst owners
The 143 year single-ownership format will be segmented
By: Diamond World News Service
Mar 12 2014 11:14AM
Reference: 8938  

Leading jewellery manufacturing entity C Krishniah Chetty & Sons (CKC) is going to be split amongst its owners, after a legacy of 143 years of single-ownership, reports say. The decision came citing growth ambitions and family settlement amongst the fifth-generation owners. The business was equally owned by the two branches of the family, and operated with the company board consisting of six members of three generations.

Now, the business will be split between cousins C Vinod Hayagriv and C Ganesh Narayan, reports say. There are three stores being currently operated by the company in Bangalore, home to the beginning of this enterprise. These will be split between Vinod Hayagriv (Managing director) and Ganesh Narayan (joint MD), reports say. Each cousin to get one store and the 143-year-old Commercial Street store will be equally divided. The store to be given to Narayan in Jayanagar area is of a smaller size compared to the one allotted to his cousin, as such Narayan will be given a cash payout, reports add. The company operated two manufacturing plants will also be split amongst the two cousins, reports add.

The cousins will each use different variations of the trademark brand for which non-disclosure agreements have been signed.

Differences amongst the members also seem to have spurted over an online jewellery venture Bluestone.com, started by Ganesh Narayan's wife, as some felt the venture began without a disclosure by the joint MD, reports say. The restructuring is expected to be complete by the end of the current year, reports say.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
HouseAd_Trade Fair
Search News by City
Kosher 23460
HouseAd_Trade Fair
Recent Issue
Kosher 23460
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 26404
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 35
GJEPC Chairman Interview
Views: 23703
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 30655
Promo for IJ Awards 2012 at NDTV Profit
Views: 44877
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 45905
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 18165
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 43533
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 41787
Finestar Diamonds
Member of:
Supporter of: