Joy Alukkas — an entrepreneur from India who is the Chairman and Managing Director of the Joyalukkas Group.
Biography
- 29 October 1956 — Joy Alukkas was born n Indian Thrissur. His father founded a jewelry store, later Joy Alukkas family divided his business among sons — Yos, Francis, Joy, and Anto. Joy Alukkas transformed business from local to international, starting operations in Gulf countries.
- 1984 — Married, his wife — Jolly Joy.
Career
- 2001 — Establishment Joy Alukkas Jewellery.
- 2007 — Opening jewelry showroom and “Diamond Cave” in Chennai.
- 2012 — Received authorization to sell Forevermarks` diamonds.
Politics
Wealth
- 2013 — $1 billion.
- 2016 — $1,10 billion
- 2017 — $1,6 billion.
- 2018 — $1,5 billion.
- 2022 — $1,9 billion.
- 2023 — $2,8 billion.
- 2024 — $3,3 billion.
- 2025 — $3,26 billion.
Charity
- May 2018 — Joy Alukkas supported relief fund for victims of Cyclone Oc Khi.
- September 2018 — his charity foundation announced plans to build 250 homes for people who lost their residences in the Kerala floods.
Crime
- 2018 — The Income Tax Department in Kochi conducted raids on over 130 stores and premises associated with the group, uncovering tax evasion and unaccounted sales of gold jewelry amounting to ₹500 crore.
- February 2023 — The Income Tax Department seized assets of the Joy Alukkas group worth ₹305 crore. Later, the Enforcement Directorate seized the assets of Joy Alukkas, amounting to ₹305.84 crore.
Merits
- 2016 — Joy Alukkas, owner of the “Business Excellence Award”.
- 2018 — Listed in Forbes’ World’s Billionaires and India’s Billionaires lists.
- 2019 — Awarded “Best Indian Diamond Jewelry”.
- 2022 — Ranked In Forbes List as the 69th richest Indian.
- 2023 — Emerged as India’s most prosperous jeweler.