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Rathy Jewellers achieves growth ambitions after securing Santander funding
Wembley-based Rathy Jewellers has received significant funding from Santander Business Banking to refurbish its existing store and take over an adjoining shop for its new brand proposition, IMJ Imitation Jewellery.
Mother and son duo Jeya and Raj Mahalingam have been running Rathy Jewellers for over 20 years and have turned the business into a leading provider of jewellery, particularly for the local British-Asian population.
The company maintains its reputation for originality in the jewellery sector by only dealing with BIS Hallmarked 916 22ct Gold. It offers its growing customer base a comprehensive suite of high quality products including necklaces, earrings, bangles and chains.
Capitalising on the momentum it has in the market, Rathy Jewellers has rolled out a new brand and commercial space to meet demand for low-cost and imitation products that look like upmarket jewellery. The firm believes that the opportunity is significant, particularly from its established client base among the local South East Asian community.
The funding from Santander Business Banking will help the company to hire six new employees.
Raj Mahalingam, Managing Director of Rathy Jewellers, said:
The funding from Santander has really helped us to achieve our aims of opening a second shop on the high street. We have found our family oriented business to be very popular and we firmly believe we can successfully grow. Indeed, our aspirations are to expand even further across London!
Robert Riffkin, Relationship Director for Santander Business Banking, said:
We’re pleased to have helped Jeya and Raj secure new premises, invest for growth and offer new jobs in the process. We look forward to working with them over the years to come and wish them nothing but success.