The group was started in 1909 by T S Kalyanrama Iyer, a priest who turned into an entrepreneur . He started a textile mill in Thrissur city in 1930s which was later taken by Government of Kerala. He came from Kumbakonam in Tamil Nadu. Later he started a textile shop in Thrissur city which flourished into Kalyan Silks, Kalyan Sarees and Kalyan Collections. The group got its name from its founder "Kalyan" Ramaiyer. Later his son Seetharamaiyer also joined the business. Seetharamaiyer in 1991 partitioned the businesses to five sons. T.S. Kalyanaraman, one of the sons started the Kalyan Jewellers in 1993.