The city of
Thrissur
Thrissur (), formerly Trichur, also known by its historical name Thrissivaperur, is a city and the headquarters of the Thrissur district in Kerala, India. It is the third largest urban agglomeration in Kerala after Kochi and Kozhikode, and t ...
, the ''cultural capital of
Kerala
Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South ...
'', is also a major commercial and business hub of
South India
South India, also known as Dakshina Bharata or Peninsular India, consists of the peninsular southern part of India. It encompasses the Indian states of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana, as well as the union territo ...
. It is said to be the heartland of Kerala's business acumen and home to most every leading ''
Malayali
The Malayali people () (also spelt Malayalee and also known by the demonym Keralite) are a Dravidian peoples, Dravidian ethnolinguistic group originating from the present-day state of Kerala in India, occupying its southwestern Malabar coast. ...
'' entrepreneurs. The city which is famous for ''Bullion, Banking and its Business'' acumen, is the darling of investors in
Kerala
Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South ...
. Thrissur is also referred as the ''Golden city of
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
''. It manufactures 70% of plain gold jewellery in Kerala per day. According to a survey,
Thrissur
Thrissur (), formerly Trichur, also known by its historical name Thrissivaperur, is a city and the headquarters of the Thrissur district in Kerala, India. It is the third largest urban agglomeration in Kerala after Kochi and Kozhikode, and t ...
city has been placed on 7th among the ten cities in
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
to reside. According to Registrar of Companies, the period from 1 January to 31 March 2010, 87 companies were registered in Thrissur and stood second in Kerala after
Cochin
Kochi (), also known as Cochin ( ) ( the official name until 1996) is a major port city on the Malabar Coast of India bordering the Laccadive Sea, which is a part of the Arabian Sea. It is part of the district of Ernakulam in the state of K ...
. Thrissur's traditional strength lies in best entrepreneurial and financial capabilities.
History
Historians say that King of
Cochin
Kochi (), also known as Cochin ( ) ( the official name until 1996) is a major port city on the Malabar Coast of India bordering the Laccadive Sea, which is a part of the Arabian Sea. It is part of the district of Ernakulam in the state of K ...
,
Sakthan Thampuran
Rama Varma Kunji pillai Thampuran (1751–1805), or Rama Varma IX, popularly known as Sakthan Thampuran (''Sakthan'' meaning powerful), was the ruler of the Kingdom of Cochin. The current southern Indian city of Kochi was part of the erstwhile ...
, invited 52
Syrian Christian families from the neighboring areas, established them at ''oottupura'' or mass feeding centers and encouraged them to do business in textiles.
The industries of Thrissur contribute largely to the district's and city's economy. The presence of leading industrial houses in Thrissur has boosted the industrial scenario of the area. Though, the city has numerous types of industries in Thrissur.
Economy of Thrissur
The economy of Thrissur is largely dependent on industries, retailing and financing. Thrissur is one of the most important industrial centers of the state of Kerala. Industries like
textile
Textile is an umbrella term that includes various fiber-based materials, including fibers, yarns, filaments, threads, different fabric types, etc. At first, the word "textiles" only referred to woven fabrics. However, weaving is not the ...
,
timber
Lumber is wood that has been processed into dimensional lumber, including beams and planks or boards, a stage in the process of wood production. Lumber is mainly used for construction framing, as well as finishing (floors, wall panels, wi ...
,
coir
Coir (), also called coconut fibre, is a natural fibre extracted from the outer husk of coconut and used in products such as floor mats, doormats, brushes, and mattresses. Coir is the fibrous material found between the hard, internal shell ...
,
fishery
Fishery can mean either the enterprise of raising or harvesting fish and other aquatic life; or more commonly, the site where such enterprise takes place ( a.k.a. fishing ground). Commercial fisheries include wild fisheries and fish farms, both ...
industries,
agriculture
Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to ...
-based industries, tiles industries are present in Thrissur. However, the above-mentioned industries are not the only sources of revenue for Thrissur. The tourism industry plays an important role in Thrissur's economy.
Retailing
![Joy Alukkas store in Thrissur city](https://upload.wikimedia.org/wikipedia/commons/a/aa/Joy_Alukkas_store_in_Thrissur_city.jpg)
As Kerala is known more as a consumer state rather than a producer state, Thrissur also carries the same tag, as retailing is a big business and revenue earner for the City. Jewellery and textile retailing occupies a major part of the retailing business in Thrissur.Thrissur city is advanced in real estate sector.Builders like Assethomes, Skyline builders, Shoba cit
Adora Homesetc. have established real estate projects in Thrissur. The City is considered as hub of jewellery and textile business in
South India
South India, also known as Dakshina Bharata or Peninsular India, consists of the peninsular southern part of India. It encompasses the Indian states of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana, as well as the union territo ...
.
Kalyan Group
Kalyan Group is a holding company for the brands of Kalyan Silks, Kalyan Jewellers, Kalyan Developers, Kalyan Sarees and Kalyan Collections. It is headquartered in Thrissur, Kerala, India.
History
The group was started in 1909 by T. S. Kalyana ...
,
Kalyan Silks
Kalyan Silks is an Indian textile retailer. It is a subsidiary of the Kalyan Group holding company. It was started in the city of Thrissur. other branches situated at Telangana
Telangana (; , ) is a state in India situated on the south-cen ...
,
Kalyan Jewellers
Kalyan Jewellers is an Indian chain of jewellery showrooms.
The company open its initial public offering on March 16, 2021, and was publicly listed on March 26, 2021.
History
Kalyan Jewellers was founded by T. S. Kalyanaraman, who opened t ...
, Pulimoottil Silks, Chakola Silkhouse, Elite Fabrics, Elite Sareee House, Manshire, Fashion Fabrics,
Jos Alukka & Sons
Jos Alukkas Group is Indian jewelry retailing group in Southern India. It is based in Thrissur, Kerala, India. The group was bifurcated from the Thrissur-based group Alukkas Jewellery in 2001. The company has branches all over five states in the ...
,
Joyalukkas
Joy Alukkas (29 October 1956) is an Indian businessman from Kerala. He is the chairman and managing director of Joyalukkas Jewellery.
Early life
Joy Alukkas was born in Thrissur, Kerala, on 29 October 1956. His father, Varghese Alukkas, was ...
, Josco Group, Chemmanur Group are the few to name.
Tile industry
One of the significant industries of the area, the tile industry of Thrissur employs numerous labors from the state and outside. The Thrissur tile industry is more than a hundred years old. Over the years the tile industry in Thrissur has witnessed many rise and fall but it has managed to withstand the bad times. Today, Thrissur can boast of 160 tile factories making it one of the biggest hubs of southern India. The tile industry of Thrissur is aided by the presence of clay suitable for making tiles. The main centers of Tile Industry in Thrissur are in Karuvannur, Pudukad,
Ollur
Ollur is a major suburban area and an old commercial town in the city of Thrissur of Kerala state, South India. It is about away from Swaraj Round on old National Highway 47 (India) towards Kochi. From ancient time onwards, Ollur was a major b ...
and Amballur. The tile industry has acquired Italian technology to improve the quality and production of tiles. The tile industry provides many jobs to the local people of the city.
Banking and Finance
The main strength of Thrissur's economy is its financial capabilities. The banking system in Thrissur have been accredited for the effective disbursement of credit to the various sectors of the Kerala society. It had played a big role in Kerala's economy from the earlier part of 1800s. It was started by Christian traders in the form of
Chit fund
A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan other Asian countries. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, ...
. Gradually, Chit fund contributed much to the development of the banking industry in Thrissur.
Now,
Thrissur
Thrissur (), formerly Trichur, also known by its historical name Thrissivaperur, is a city and the headquarters of the Thrissur district in Kerala, India. It is the third largest urban agglomeration in Kerala after Kochi and Kozhikode, and t ...
boast the headquarters of four scheduled banks in
Kerala
Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South ...
,
South Indian Bank Ltd
South Indian Bank Limited (SIB) is a major private sector bank headquartered at Thrissur in Kerala, India. South Indian Bank has 933 branches, 4 service branches, 1 extension counters and 18 Regional Offices spread across India. The bank has ...
,
Catholic Syrian Bank
CSB Bank Limited (erstwhile Catholic Syrian Bank Limited) is an Indian private sector bank with its headquarters at Thrissur, Kerala, India. The bank has a network of over 560 branches and more than 390 ATMs across India.
History
CSB was foun ...
,
Dhanalakshmi Bank
Dhanlaxmi Bank Ltd is an Indian private sector bank headquartered in Thrissur, Kerala. The bank has 245 branches and 258 ATMs/CDMs spread over the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Delhi, ...
and
ESAF Small Finance Bank
ESAF Small Finance Bank (formerly known as ESAF Microfinance and Investments Pvt. Ltd.) is an Indian small finance bank providing banking services and small loans to the underbanked. It was founded as a small finance bank in March 2017. ESAF Mi ...
. The city also is the headquarters of
Manappuram General Finance and Leasing Ltd
Manappuram Finance Ltd, or MAFIL, is an Indian non-banking financial company (NBFC) based in Valapad, Thrissur, Kerala. Manappuram has over 4190+ branches across 25 states.
History
The company was founded in 1949 by late V.C.Padmanabhan in Thris ...
and
Kerala State Financial Enterprise
Kerala State Financial Enterprises Limited (KSFE) is a public sector chit fund and loan company based in Thrissur city, Kerala, India.
History
The company started functioning on 6 November 1969, with Thrissur city as its headquarters. It starte ...
. According to All Kerala Kuri Foreman's Association, Kerala has around 5,000 chit companies, with Thrissur accounting for the maximum of 3,000. These chit companies provide employment to about 35,000 persons directly and an equal number indirectly.
Following are the list of banks based in
Thrissur
Thrissur (), formerly Trichur, also known by its historical name Thrissivaperur, is a city and the headquarters of the Thrissur district in Kerala, India. It is the third largest urban agglomeration in Kerala after Kochi and Kozhikode, and t ...
.
Ayurvedic drug manufacturing industry
![KP Namboodiris](https://upload.wikimedia.org/wikipedia/commons/8/8e/KP_Namboodiris.jpg)
.
Thrissur Ayurveda Cluster
Thrissur Ayurveda cluster is an Ayurveda cluster situated in KINFRA Park in Koratty in Thrissur District. The cluster is meant for a comprehensive development of Kerala brand of Ayurvedic products and train the manufacturers of Ayurveda product ...
, another initiative by a group of ayurvedic manufacturers of Thrissur, has developed a cluster in KINFRA Park in
Koratty
Koratty is a census town in Thrissur district in the Indian state of Kerala. It is a main centre of Marian Pilgrimage.
Demographics
As of 2011 India census, Koratty had a population of 17,618. Males constitute 49% of the population and female ...
in
Thrissur District. The cluster is meant for a comprehensive development of Kerala brand of ayurvedic products and train the manufacturers of ayurveda products. The cluster have facilities for testing and analysis, process product validation, safety study and manufacture. The cluster is approved by the Department of Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy (
AYUSH
The Ministry of Ayush, a ministry of the Government of India, is responsible for developing education, research and propagation of traditional medicine systems in India. Ayush is a name devised from the names of the alternative healthcare syste ...
).
Textile industry
The prosperous
textile mill
Textile Manufacturing or Textile Engineering is a major industry. It is largely based on the conversion of fibre into yarn, then yarn into fabric. These are then dyed or printed, fabricated into cloth which is then converted into useful goods ...
s have made the textile industry of Thrissur a leading industry in South India. At present, there are six such mills in Thrissur. The textile mills in Thrissur are
Sitaram Spinning and Weaving Mills; Alagappa Textiles, Alagappa Nagar; Kerala
Lakshmi Mills
Lakshmi Mills Company is a major textile yarn and cloth manufacturer in Coimbatore, India. The company was established by G.Kuppuswamy Naidu in 1910.
It has two composite textile units in Coimbatore: Avinashi Road and Palladam and one in Kovilp ...
, Pullazhi; Cotton Mills, Nattika; Rajgopal Textiles, Athani; Kunnath Textiles and Vanaja Textiles in
Kuriachira
Kuriachira is a town in Kerala, India. It is located within 2 km south of Swaraj Round. It lies beside the Thalore bypass road. Kuriachira is 25th division of Thrissur Municipal Corporation. It is an important residential area of Thrissur c ...
. Mainly hosiery products are manufactured in most of these mills. Thrissur is one of the leading producer of hosiery end products in the Kerala. Popular as sewing threads, Vaiga is sold in every corner of the country. The first mill in Thrissur was the
Sitaram Spinning and Weaving Mills. It was established in 1909 but was devastated by fire in 1953. However, it was soon reorganized and today it is one of the main textile plants of the area.
Gold
![Kalyan Jewellers in Thrissur city](https://upload.wikimedia.org/wikipedia/commons/d/de/Kalyan_Jewellers_in_Thrissur_city.jpg)
.
Thrissur city can also be referred as the ''Gold Capital of
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
'', since there is around Rs 700 crore business of gold every year in the city. All major jewelleries in Kerala have branches in city. It is one of the main manufacturing centers of plain gold jewellery in the
South India
South India, also known as Dakshina Bharata or Peninsular India, consists of the peninsular southern part of India. It encompasses the Indian states of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana, as well as the union territo ...
. 70% of Kerala's jewellery is manufactured in this city. Gold jewellery in Thrissur is well known for its world class craftsmanship and exquisite dexterity.
Diamond industry
Thrissur is known as the hub of diamond and gold jewellery production in
South India
South India, also known as Dakshina Bharata or Peninsular India, consists of the peninsular southern part of India. It encompasses the Indian states of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana, as well as the union territo ...
. Majority of the units located in Kapiparambu, Tholur, Adat, Choondal and Avanur in the
Thrissur Metropolitan Area
Thrissur (), formerly Trichur, also known by its historical name Thrissivaperur, is a city and the headquarters of the Thrissur district in Kerala, India. It is the third largest urban agglomeration in Kerala after Kochi and Kozhikode, and t ...
. There are around 75 units employing around 5,000 people. The diamond polishing work was brought to Kerala by P K Sankunni in 1964 from
Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
. Because of higher wages and less encouragement from Kerala government, most of the traders are relocating to
Surat
Surat is a city in the western Indian state of Gujarat. The word Surat literally means ''face'' in Gujarati and Hindi. Located on the banks of the river Tapti near its confluence with the Arabian Sea, it used to be a large seaport. It is now ...
in
Gujarat
Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...
. At the height of the business there were 310 units and around 25,000 workers were involved in this business.
Thrissur Pooram
![ThrissurPooram-Kuda](https://upload.wikimedia.org/wikipedia/commons/5/5e/ThrissurPooram-Kuda.jpg)
According to estimates, around a million people around the world witness the annual
Thrissur Pooram
The Thrissur ''Pooram'' is an annual Hindu temple festival held in Thrissur, Kerala, India. It is held at the Vadakkunnathan (Shiva) Temple in Thrissur every year on the ''Pooram'' (pronounced ) day—the day when the moon rises with the ''P ...
. The two main participants of the 36-hour festival,
Thiruvambadi
Thiruvambady is a major hill town and a suburb in southeastern Kozhikode district in Kerala, India. Thiruvambady is a Panchayat headquarters, and a legislative assembly constituency, situated from the district headquarters of Kozhikode.
Geog ...
and
Paramekkavu
Paramekkavu Bagavathi Temple is one of the largest Bagavathi temples in Kerala located in Thrissur City. Sakthan Thampuran ordained the temples into two groups, namely "Paramekkavu side" and "Thiruvambady side" for Thrissur Pooram which is the b ...
temples, spend about Rs 1.2 crore on the festival.
Hotels and flats in the city give rooms and terraces for people to witness the festival on rent, charging Rs 750-1,000 per person. Liquor sales, too, see an increase during the festival. Sales through the various liquor shops and bars in the Thrissur city were worth around Rs 72 lakh on the
Pooram
Pooram pronounced is an annual festival, which is celebrated in temples dedicated to goddesses Durga or Kali held especially in Valluvanadu area and other adjoining parts of north-central Kerala (Present Palakkad, Thrissur, Kannur, Kasara ...
day alone in 2008, according to officials of
Kerala State Beverages Corporation
Kerala State Beverages (Manufacturing & Marketing) Corporation Ltd (BEVCO) is a Public sector undertakings in Kerala, public sector company fully owned by the Government of Kerala, it started under Civil Supplies Department in 1984 under the Mi ...
, the government-owned liquor retailer in the state.
Real Estate
Real estate is one of the sunshine sectors of city of Thrissur's economy. Land availability, image of a clean and green city, good law and order situation, presence of reputed educational institutions and tremendous scope for promoting tourism industry are the pillars of Thrissur's real estate hopes. With
Kochi
Kochi (), also known as Cochin ( ) ( the official name until 1996) is a major port city on the Malabar Coast of India bordering the Laccadive Sea, which is a part of the Arabian Sea. It is part of the district of Ernakulam in the state of K ...
becoming more and more congested day-by-day, in due course of time the city of Thrissur is expected to see a spurt in the number of property buyers.
Leading property developers like Sanroyal Builders, Kalyan Developers, Hi-Life Builders, Southern Investments, Thrissur Builders, Cheloor Group, Sreeramajayam Builders, Jos Alukkas Group & Developers, Maya Realtors, Skyline Builders and
Sobha Developers Ltd
Sobha Limited (formerly Sobha Developers Limited) is an Indian multinational real estate developer headquartered in Bangalore, India
History
SOBHA Limited was founded on 7 August 1995 by P.N.C. Menon. The company has also executed projects ...
are the major players.
Kuries
Thrissur is also known for its Kuries or Chit companies. Around 2,000 such companies are located in Thrissur city, both government and private. These Kuri companies have played a major role in developing Thrissur city into an economic hub in South India.
References
{{Thrissur topics