Joy Alukkas

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For the jewellery group, see Joyalukkas.

Joy Alukkas
File:Joy Alukkas Picture Final.jpg
Joy Alukkas
Born
Alukkas Varghese Joy

(1956-10-29) 29 October 1956 (age 67)
Thrissur, Kerala, India
Net worthIncrease US$2 Billion (2020)[1]
TitleChairman and Managing Director of Joyalukkas Jewellery

Joy Alukkas (born Alukkas Varghese Joy; 29 October 1956) is an Indian businessman from Kerala. He is the chairman and managing director of Joyalukkas Jewellery, founded in 1988.

In 2018, Forbes Middle East ranked Joy Alukkas among the Top Indian Leaders in the region.[2] He received the Dubai Quality Appreciation Award from Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai and the ‘Business Excellence Award’ from Sheikh Nahyan Bin Mubarak Al Nahyan, UAE Minister of Culture, Youth and Social Development.[3]

Early life[edit]

Joy Alukkas was born in Thrissur, Kerala, on 29 October 1956. His father, Varghese Alukkas was a renowned jeweller and started his first jewellery showroom in 1956.[4]

Career[edit]

In 2007, he opened the world's largest gold & diamond jewellery showroom,[5] and the first Diamond Cave, in Chennai, India.[6]

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.[5]

Philanthropy[edit]

Initiatives such as the Blood Donor's Forum hold donation drives for employees in association with leading hospitals, whereas the Joy 4 Earth program undertakes several environmental projects. Under the My 0.50 drive scheme, every employee donates 0.50 fils of their salary each day towards a cause, which Joy Alukkas matches on an equal scale.[7]

In May 2018, Joyalukkas donated Rs. 20 million as a relief fund for victims of the Cyclone Ockhi.[8] After the devastating Kerala Floods in September 2018, the Joyalukkas Foundation announced that it would build 250 houses for those who have lost their homes.[9]

Awards and accolades[edit]

  • First jewellery chain to be awarded both the ISO 9001 and ISO 14001 certification. (2016)[10]
  • Retail magazine Retail ME picked Joyalukkas as the Best Retailer of the Year, Middle East.[11]
  • CSR initiatives have won Joyalukkas accolades at the Best Practice Conference for “My0.50” initiative. (2009)[7]
  • Best T.V Campaign and Best 360 Degree Marketing Award by Retail Jeweller India Awards. (2009 (2016)[7]
  • Won the Superbrand status 8 years in a row (2010, 2011, 2012, 2103, 2014, 2015, 2016 and 2017).[12]
  • Mr. Joy Alukkas received ‘The Business Excellence Award 2016’ from Sheikh Nahyan Bin Mubarak Al Nahyan, UAE Minister of Culture, Youth and Social Development, organized by Indian Business Professionals Council (IBPC). (2016) [13]
  • Received the ‘Best Performance Brand Award 2015’ from Sheikh Mansoor Bin Mohammed Bin Rashid Al Maktoum, under Dubai Service Excellence Scheme, Department of Economic Development, Government of Dubai. (2015)[14]
  • Won the Asian Achiever of the Year 2011 in the UK. (2011)[15]
  • Joyalukkas Jewellery in the Limca Book of World Records for the largest jewelry showroom in the world in Chennai, India. (2011)[16]
  • Listed in Forbes Magazine in both their World's Billionaire's list as well as their India's Rich list.[17][18] (2018)
  • Recognised as one of the top 100 business leaders in the UAE by Arabian Business Magazine.[19] (2012)
  • Best Indian Diamond Jewellery of the Year by Retail Jeweller Middle East innovation Awards (2019) [20]

References[edit]

  1. ↑ "Joy Alukkas". Forbes.
  2. ↑ "Revealed: Top Indian business leaders in Arab world". gulfnews.com. Retrieved 27 May 2019.
  3. ↑ "Joy Alukkas, the man with the Midas touch: Indian jewellery magnate's rise to fame in the UAE". gulfnews.com. Retrieved 9 June 2019.
  4. ↑ "Joy Alukkas: The Midas touch". Forbes India. Retrieved 27 May 2019.
  5. ↑ 5.0 5.1 Govardan, D. (31 January 2007). "World's largest gold showroom to come up in Chennai". The Economic Times. Retrieved 27 May 2019.
  6. ↑ "'Diamond Cave' at Joyalukkas outlet. - Free Online Library". www.thefreelibrary.com. Retrieved 27 May 2019.
  7. ↑ 7.0 7.1 7.2 "Personality Plus The Golden Touch". www.indianjeweller.in. Retrieved 27 May 2019.
  8. ↑ Staff Report. "UAE-based Joyalukkas Group donates Rs20m to Ockhi relief funds". Khaleej Times. Retrieved 27 May 2019.
  9. ↑ "Joyalukkas Group to build 250 houses for Kerala flood victims". gulfnews.com. Retrieved 27 May 2019.
  10. ↑ Staff Report. "Joyalukkas honoured". Khaleej Times. Retrieved 27 May 2019.
  11. ↑ "Joyalukkas-world's favorite jeweller honored with the 'Business Excellence' in UK". godubai.com. Retrieved 27 May 2019.
  12. ↑ "Joyalukkas gets Superbrand status again in UAE". The New Indian Express. Retrieved 27 May 2019.
  13. ↑ "Joy Alukkas receives 'Business Excellence Award 2016'". Emirates Business. Retrieved 27 May 2019.
  14. ↑ "Joyalukkas honored with the 'Best Service Performance Brand'". Saudigazette. 7 May 2016. Retrieved 27 May 2019.
  15. ↑ "Mr. Joy Alukkas honoured as Asian Achiever of the year 2011". DiamondWorld.net. Retrieved 27 May 2019.
  16. ↑ "Joyalukkas Chennai showroom in Limca Book of Records!". www.indianjeweller.in. Retrieved 27 May 2019.
  17. ↑ Abbas, Waheed. "14 billionaires in UAE own Dh171 billion in wealth". Khaleej Times. Retrieved 27 May 2019.
  18. ↑ John, Issac. "12 from UAE in Forbes world's super rich list". Khaleej Times. Retrieved 27 May 2019.
  19. ↑ "Indian.100.2012-87.Joy Alukkas". ArabianBusiness.com. Retrieved 27 May 2019.
  20. ↑ "Joyalukkas gets best Indian Diamond Jewellery of the Year award | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN". DT News. Retrieved 18 November 2019.

External links[edit]

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