Chandikala Launches Silver Franchise Rollout, Starting With Gujarat and Maharashtra
Ahmedabad silver brand Chandikala offers FOFO, FOCO and area-developer franchise models from ₹1.73 crore.
The Announcement
Ahmedabad-based silver brand Chandikala is expanding through franchising with unit investments from ₹1.73 crore to about ₹4 crore, focusing first on Gujarat and Maharashtra, Indian Retailer's FranchiseTV reported on 6 November 2026.
Key Facts
- Background: Third-generation silver business; first store opened in Shivranjani, Ahmedabad, in December 2022; two stores now, a third larger company-owned store planned
- FOFO: 400 sq ft store; total about ₹1.73 crore (₹20 lakh setup, ₹3 lakh fee, ₹1.5 crore inventory deposit)
- FOCO: 900 sq ft high-street store; total about ₹4 crore, with a company-stated minimum guarantee of 10% a year
- Area developer: ₹15 lakh fee plus own store, about ₹1.85 crore total
Why It Matters
Silver jewellery is emerging as a lower-ticket alternative in India's jewellery franchise market. Returns quoted are company figures, not independently verified.
Cover image: illustration, not a photo of a Chandikala store.
Source: Indian Retailer – FranchiseTV
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