Spreading Joy | Joy Alukkas, Thomas Scaria & Nidhi Jain | Autobiography | Book Review

 

Book Info

Name of Book : Spreading Joy
Author : Joy Alukkas, Thomas Scaria & Nidhi Jain
Publisher : HarperCollins India
Publication Date : 29 Oct 2023
No. of Pages : 256
Format : Hardcover

Where to get the book ?

Spreading Joy by Joy Alukkas, Thomas Scaria & Nidhi Jain is available on Amazon :


Author Introduction

Joy Alukkas is the founder and chairman of the eponymous global retail brand Joyalukkas Jewellery. Originally from Thrissur in Kerala, he is credited with modernizing the Indian jewellery retail business globally. Branching out on his own from a family-run business, he disrupted the traditional model of standalone jewellery stores and created a global chain comprising 160 stores in India, the Middle East, Southeast Asia, the UK and the US. His diverse business interests include forex remittance and textile retail under the brand name Joyalukkas Exchange and Jolly Silks, respectively. He figures on the Forbes' Billionaires list of 2023 and is regarded as one of the most prominent business leaders of the Arab world.

Thomas Scaria is a Fellow Chartered Accountant of India and the UK with over two decades of experience in financial strategies. Currently the General Manager (Finance) of Joyalukkas International and a member of its board of directors in India, he has worked closely with Joy Alukkas and learnt from him, gaining intimate insights into his professional and personal life. Having grown with the company in different roles, he has led various projects in acquisition, debt and equity financing. He is an avid reader of nonfiction books and has a great passion for teaching.

Nidhi Jain is a writer, broadcaster, TV producer and media consultant. A journalist by training, she graduated from the Indian Institute of Mass Communication and worked with All India Radio, TV Today's Aaj Tak news channel and Sony Entertainment Television in India before moving to Dubai as a programme director with TEN Sports. She also served as a relationship manager with the Emirates NBD Bank, Dubai. She has a deep interest in finance and psychology.

Blurb

Thrissur, on the coast of Kerala, is known as India's 'gold town'. It was here that Puthussery Alukka Joseph Varghese moved into jewellery retail from his umbrella business in the late 1950s. One of his ­fifteen children, Joy Alukkas, seemed to have inherited his father's entrepreneurial spirit. In 1986, the quest for his personal El Dorado took Joy to the modern 'city of gold': Dubai.

Getting to know the lay of the land, including aspects of procurement, staffing, sales and other regulations, exacerbated by the language barrier, was a challenge that could dampen any entrepreneur's spirit, but Joy persisted and opened the fi­rst 'Alukkas' jewellery store in Abu Dhabi, followed soon after by another in Dubai. Just as business was taking off, the Gulf War broke out in 1990, disrupting every aspect of life and forcing Joy to return to India. Not only did a resilient Joy go back to the Gulf some months later, but he also re-established the Alukkas footprint, opening stores within and around the UAE. In the next two decades, he expanded his business to eleven countries with more than 160 outlets, and revolutionized the gold-retailing business with innovations such as the use of karatmeter, the fi­rst billing so-ware in the industry and board rate for gold price, to mention a few. Throughout the years, the ethos of his business has remained the same: to be the 'customer's favourite jeweller'.

My Opinion

Spreading Joy by Joy Alukkas, Thomas Scaria, and Nidhi Jain is an autobiography acting as a torchbearer for all the businesses. I was searching for an autobiography on Amazon when I stumbled upon this book. Immediately, I knew that this book could not be missed, as Joy Alukkas is an eminent personality in the jewelry business who does not want any introduction. Like others, Joy Alukkas was not a privileged child in matters of business. And this was the biggest motivating factor for him. The book has some really impressive moments, which deserve applause for the brave efforts of the entrepreneur.

For me, the awestruck moment was when the first store was opened in Dubai, and the person's efforts got really some attention. There are many details in the book that can definitely be taken as inspiration. In the coming years, it is going to motivate more and more people across the globe who are planning their own venture. It is the rise of a person who was thought to be an untalented businessman into a jewelry tycoon.

Ratings

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