Sept 18, 2012: Nalli, a prominent name in silk sari market for about 83 years is foraying into gold retailing. Niranth Nalli, the fifth generation heir from the Nalli family will take in charge of the new venture. According to Niranth, the first gold retail outlet Nalli Jewellers form Nalli’s house will be opened near the family’s silk saree headquarters in T Nagar in Chennai.
Nalli which has 23 silk saree stores in 10 other cities including one in California and Singapore plans to open their jewellery retail outlet across India. The group also have plans to set up its own factory for making jewellery in future.