Meet man who started advising on gold loans, built jewellery empire and is now worth Rs 15700 crore

G Rajendran is the man behind one of the most inspiring success stories of South India. From a humble gold appraiser, he tested the limits of being a self-made businessman and became one of the richest men in the country. 80-year-old Rajendran is a billionaire today with an empire that stretches from gold and jewellery to educational institutes and hotels. His net worth is estimated at over Rs 15700 crore ($1.9 billion). 

G Rajendran draws his massive fortune from GRT Jewellers. Rajendran began his career advising on gold loans for Chennai Central Cooperative Bank (previously called Madras District Cooperative Central Bank). After years as a humble gold appraiser, Rajendran decided to take the business plunge and opened a small gold retail shop through his savings.

He started the company as GR Thangamaaligai with a 500 sq ft store at Rs 100 rent in 1964. The next milestone came in 1979 as GRT opened a larger store. Over the years, they built huge goodwill among loyal customers. One of the leading jewellery brands, its products include diamond, gold, platinum and silver jewellery. 

The nearly 60 year old company is today run by Rajendran’s sons GR Ananthapadmanabhan and GR Radhakrishnan, who are both managing directors (MD) at GRT. Rajendran is also the chairperson of GRT Institute of Engineering and Technology near Chennai. Rajendran expanded his business to hospitality and operates resorts and hotels in 14 cities.