Failing
To Success
Podcast

Vummidi Bangaru Jewelers

Chad Kaleky conducts an interview with Scott Bates on his podcast "Failing to Success" on Jun 05, 2024. The discussion revolves around Scott Bates's success after overcoming challenges at Vummidi Bangaru Jewelers. The information shared about Vummidi Bangaru Jewelers is derived entirely from this podcast episode.

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Scott Bates

The oldest and largest luxury jewelry brand in southern India making $50 Million annually expands into the U.S. market. This expansion marks a significant milestone in the brand's illustrious history, which is steeped in tradition and excellence.

How did Scott Bates With Vummidi Bangaru Jewelers Grow Their Business?

Company Stats

  • Revenue: $50 Million+
  • Employees: 1,000+
  • Founded: 1900

Episode Highlights

✅ Vummidi Bangaru Jewelers has over 1,000 employees and $50 million in revenue.

✅ The company is expanding from India to the U.S., starting with a flagship showroom in Texas.

✅ Transitioning cultural approaches from India to the U.S. market has been a unique and educational experience.

Episode Summary

In this episode of "Failing to Success," Scott Bates, CEO of Vummidi Bangaru Jewelers, shares the remarkable journey of the oldest and largest luxury jewelry brand in southern India as it expands into the U.S. market. With over 1,000 employees and a revenue exceeding $50 million, Vummidi Bangaru Jewelers recently opened its first flagship showroom in Texas. Scott discusses the challenges of transitioning the business to the U.S., the importance of melding Indian and American cultures, and the lessons he has learned from his diverse career background. The company's future plans include expanding into Northern California and Virginia, emphasizing the importance of in-person shopping experiences for luxury jewelry.

Chapters

00:00 Intro

00:10 Company Stats

00:46 Scott's Journey to Vummidi Bangaru Jewelers

01:12 Transitioning Cultures: India and the US

02:04 Scott's Career Before Jewelry

04:27 Entering the Jewelry Industry

05:56 Expansion Plans and Customer Experience

07:52 Connect with Vummidi

Notable Questions We Asked Scott Bates

How many employees does Vummidi Bangaru Jewelers have currently?

We have over 1,000 employees and are continually growing.

How did you get involved with Vummidi Bangaru Jewelers?

I was recruited for my background in jewelry, diamonds, marketing, and management, and was selected after several meetings and a trip to Chennai.

How has the transition of the business to the U.S. market been?

It's been unique and educational, integrating Indian and U.S. cultures to cater to a younger demographic of Indian-Americans.

Do you plan to expand throughout the U.S. with multiple showrooms?

Yes, we're looking at markets in Northern California, Virginia, and more locations throughout the U.S.

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