BillionaireNet
Rajendran
G. Rajendran
Rank #1427
INDIAFashion & RetailJewellery

G. Rajendran

Net Worth
$2.816B
0% (24h)
G. Rajendran is the founder and chairman of GRT Jewellers, a renowned jewellery brand and one of the largest jewellery retailers in South India. Born in Kumbakonam, Tamil Nadu, Rajendran started his career advising on gold loans before establishing GRT Jewellers in Chennai in 1964. Under his leadership, GRT Jewellers has expanded to become a household name, known for its exquisite collections and commitment to customer satisfaction. With a focus on quality craftsmanship and ethical business practices, Rajendran has built a significant fortune, currently estimated at $2.8 billion, and diversified his business interests to include hotels and educational institutions. His journey exemplifies entrepreneurial spirit and a commitment to giving back to the community.

The Full Dossier

Early Life

G. Rajendran was born into a family of jewelers in Kumbakonam, Tamil Nadu. He started his career advising on gold loans at Chennai Central Cooperative Bank. This experience provided him with valuable insights into the jewellery market and the financial needs of customers. Driven by a strong work ethic and the encouragement of his mother, Mahalakshmiammal, Rajendran decided to venture into the jewellery business.

Rise to Success

In 1964, Rajendran founded GRT Jewellers (GR Thangamaaligai) in Chennai, with a small showroom measuring less than 500 sq. ft. The initial investment came from his own savings. GRT Jewellers expanded over the years, earning a reputation for quality, trust, and a wide variety of designs. Rajendran's business acumen and focus on customer satisfaction drove the company's growth, making it a household name in South India. The opening of a larger store in 1979 was a key milestone, followed by the establishment of multiple branches across several states.

Key Business Strategies

GRT Jewellers' success is attributed to several strategic decisions. The brand has emphasized the purity of its ornaments and a broad selection of jewelry patterns. The company has also diversified its business interests, including investments in hotels, resorts, and educational institutions. GRT Jewellers maintains a strong focus on customer satisfaction, which has resulted in a vast and loyal customer base. The brand has also implemented ethical business practices and fair pricing strategies, solidifying its reputation as a trusted jeweler.

Philanthropy

Beyond his business ventures, G. Rajendran is committed to philanthropy. GRT Jewellers has actively contributed to various charitable causes, including donations to hospitals and educational institutions. The company has supported the expansion of infrastructure at Sankara Nethralaya and contributed to the Chief Minister's Public Relief Fund during the COVID-19 pandemic. These initiatives reflect Rajendran's dedication to giving back to the community and supporting those in need.

Career Timeline

2020

Forbes India Rich List

Featured on the Forbes India Rich List with a net worth of $1.54 billion.

1979

Expansion

Opened a larger store in Chennai, marking a significant step in the brand's growth.

1964

Founded GRT Jewellers

Established GRT Jewellers (GR Thangamaaligai) in Chennai.

Philanthropic Impact

Healthcare$0.13

Sankara Nethralaya

Contributed ₹1 crore towards infrastructure expansion.

Disaster Relief$0.3

Karnataka Flood Relief

Provided financial aid of Rs. 25 lakhs.

Disaster Relief$0.13

COVID-19 Relief

Contributed Rs. 1 crore to the Chief Minister's Public Relief Fund.

Wealth Trajectory