Jaipur Rugs acquires luxury rug brand Shyam Ahuja

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The story "Jaipur Rugs acquires luxury rug brand Shyam Ahuja" was covered 2 days ago by Economic Times, a news publisher based in India.

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Quick Summary:

Jaipur Rugs has acquired luxury rug brand Shyam Ahuja, committing to maintain its legacy while developing it independently.

The company reported a turnover of Rs 975 crore in FY24, with an annual production capacity of 700,000 square meters and 10 stores in India, alongside international showrooms in Milan, London, Singapore, Dubai, Russia, and China.

Jaipur Rugs, a family-owned social enterprise with operations in over 85 countries, works with more than 40,000 artisans—85 per cent of whom are women—across 650 villages in India.