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The role is based at Mumbai and reporting to the Lead NPD Category.
Business Context and Opportunities
A global conglomerate, the Aditya Birla Group is in the League of Fortune 500. Anchored by an extraordinary force of over 140,000 employees belonging to 100 nationalities, the Group is built on a strong foundation of stakeholder value creation. With over seven decades of responsible business practices, our businesses have grown into global powerhouses in a wide range of sectors – metals, pulp and fibre, chemicals, textiles, carbon black, telecom, cement, financial services, fashion retail and renewable energy. Today, over 50% of Group revenues flow from overseas operations that span 36 countries in North and South America, Africa, Asia and Europe.
The Group would like to expand its Retail Footprint and leverage the trust and synergy built over the years in luxury retail by launching a Jewellery Business in India. India's gems and jewellery market contributed around 7% to GDP and 14% to India's total merchandize export in February'21 with a market size was at US$ 78.50 billion in FY21. The jewellery industry in India is largely driven by individual family owned small to medium size businesses. Thus, the Group anticipates that there is scope of development of large retailers / brand in jewellery industry in near future. The venture will benefit from the retail experience, knowhow and trust build over the years with various ABG Luxury Retail Brands. It will also be able to harness the people, technical and operational capabilities from Group's retail arms. The range will be developed as a proof of concept for an integrated offering and may be diversified with multiple brands post establishment of a commercially viable business model.
The Group launched its Jewellery brand Indriya housed in the company Novel Jewels, in June 2024. Indriya had a very good start and all the stores launched by November have been doing exceedingly well in terms of customer response and sales.
The business has successfully launched 89 stores by July 26 under the brand name Indriya with plans to ramp up multiple folds in coming year. The initial customer response has been very encouraging.
Position Purpose and Summary
The purpose of the role is to execute the new product prototyping and development in line with the strategic objectives of the brand. To ensure the new products are delivered as per the Product Calendar with the defined specifications (Quality, Quantity and Timelines).
Essential Duties and Responsibilities:
Operations Management:
Design Operations
Critical Competencies for Success:
Person Profile
Candidate should have at least 6-10 years of experience in new product development in the Jewellery industry. Specifically, the candidate should have good exposure to all the aspects and functions of jewellery manufacturing, prototyping and development.
Educational Qualification: Bachelor of Design / Degree in design (jewellery)
Job ID: 152380875
Skills:
trend forecasting , Data Analytics, Product Development, Market Analysis, Vendor Management, Inventory Control