Joy Alukkas, whose net worth is estimated to be Rs 25,000 crore, had assets worth Rs 305 crore seized by ED.

on

 

Joy Alukkas is an Indian entrepreneur and the founder of Joyalukkas, a global jewellery retail chain. He was born on October 29, 1956, in Thrissur, Kerala, India. Joy Alukkas started his jewellery business in 1987 with a single showroom in UAE and has since expanded the brand to over 160 showrooms across 11 countries.

Joyalukkas is one of the most successful jewellery retail chains in the world, offering a wide range of gold, diamond, and platinum jewellery. The brand is known for its high-quality products, competitive prices, and exceptional customer service.

Apart from his business, Joy Alukkas is also known for his philanthropic activities. He has established the Joyalukkas Foundation, which works towards various social causes such as education, healthcare, and community development.

 

He is currently awaiting the approval of the regulators to list his company . He is the 69th richest person in India (2022 list ) 


The ED attached assets worth Rs 305 crore under section 37A of the foriegn exchange management act from Joy Alukkas on 24th Feb 2023.