Madurai: Thangamayil Jewellery Limited (TMJL) has elevated Arun NB to the position of Vice President – Business Operations, marking a key leadership transition at one of Tamil Nadu’s largest organised jewellery retail chains.
A senior executive and second-generation leader at the company, Arun NB has been closely associated with Thangamayil for over a decade, during which he has played a central role in managing store operations and profit-and-loss (P&L) responsibilities across the network. His elevation reflects the company’s focus on strengthening execution, operational discipline, and long-term growth as it continues to scale its retail footprint.
Announcing the move on LinkedIn, Arun NB said his work has always been centred on building strong operations and supporting the organisation’s long-term growth. In his expanded role, he said he would focus on strengthening execution, driving meaningful initiatives, and working closely with teams across the organisation to create lasting value for the business.
Founded in 2000, Thangamayil Jewellery Limited traces its origins to a small 10×10 sq ft outlet in Madurai operated by the promoters under the name Balu Jewellery. Over the past two decades, the company has evolved into one of the fastest-growing jewellery retailers in India, with a strong presence across several districts of Tamil Nadu — a state that accounts for nearly 40% of India’s total gold consumption, according to World Gold Council estimates.
The company operates a chain of 65+ retail showrooms with a combined area of approximately 43,500 sq ft, offering gold, silver, diamond and platinum jewellery, with gold accounting for the bulk of revenues. Thangamayil also runs four in-house manufacturing units, employing skilled goldsmiths to produce contemporary and traditional jewellery designs aligned with market trends.
TMJL’s flagship store is located on Nethaji Road, Madurai, spanning over 11,400 sq ft. The company became a public limited entity in 2007 and listed its shares on the BSE and NSE in 2010. It currently counts institutional investors, including mutual funds such as SBI Magnum Balanced Fund, among its shareholders.
Arun NB’s elevation comes at a time when organised jewellery retailers are sharpening their focus on operational efficiency, regional expansion and governance, amid increasing competition and formalisation in the sector. His expanded mandate is expected to play a key role in driving Thangamayil’s next phase of growth while reinforcing its operational foundations.
