Incorporated in Dec.'94, Anugraha Jewellers was promoted by the sons of the late K Ramakrishna Pillai, the promoter of K R & Sons Jewellery, Coimbatore, to establish a modern manufacturing plant for gold jewellery at Coimbatore and showrooms in Coimbatore and Madras. The company took over the manufacturing facilities of K R & Sons Jewellery and made small modifications. The installed capacity is 2835 kg pa of gold jewellery. The company made a public issue in May '95 to finance the project. They started retail sales operations in Jan.'95. To support the sales operations, manufacture of hand-made jewellery is also undertaken by the company. The Madras showroom is functional since mid-1995.