[Wcsa - Wowtimes - Almanac Events & Achievements 2023] Outstanding milestones in Rajesh Exports Limited's 34-year journey to become the world's leading gold retailer (1989)

09-09-2023

(Wcsa.world) Rajesh Exports is the world’s leading gold refiner and manufacturer of a wide range of gold products. The company exports its products to many countries globally.

Rajesh Exports Limited is an Indian multinational gold retailer headquartered in Bangalore, Karnataka. The company refines, designs, and sells gold and jewelry. The present managing director is Prashant Mehta and the executive chairman is Rajesh Mehta.

 

 

The Company exports its products to various countries around the world and it also sells its products in wholesale and retail in India. The Company has retail showrooms under the brand name of SHUBH Jewellers. The Company has various manufacturing facilities in India and in other countries, including Bangalore, Cochin and Dubai. lt has a combined capacity to manufacture approximately 400 tons of gold jewelry and gold products per annum.

Rajesh Exports Limited produces handmade jewelry, casting jewelry, machine chains, stamped jewelry, studded jewelry, tube jewelry and so on. It has business presence across India, the UAE, and Switzerland.

The company’s milestones:

1989: The company was founded as Rajesh Exports Limited by Rajesh Mehta and his brother Prashant Mehta both born in a middle class Jain family.

1990: Established the first organized gold jewellery manufacturing facility in India.

1991: Established India's first R&D facility in the jewellery sector.

1994: Became the largest exporter and wholesaler of gold jewellery in India.

 

 

1995: Initial Public Offer (IPO) of securities to fund expansion of manufacturing facility.

2002: Completed the construction of the World's Largest manufacturing facility.

2012: Launched the retail Gold Revolution in the state of Karnataka through SHUBH Jewellers.

2013: Established India’s largest Gold refinery in the state of Uttaranchal, thereby becoming the only player across the value chain of gold in the World.

 

 

2015: Accquired the largest gold refiner in the world, Valcambi of Balerna, Switzerland, for $400 million.

2019: The company opened its 82nd SHUBH Jewelers Gallery in the state of Karnataka.

2022: It was ranked 7th on the Fortune India 500 list in 2022, with revenues of 2.90 trillion rupees, and 462nd in the Fortune Global 500.

 

According to Wikipedia & marketscreener.com & rajeshindia.com


Kyna ( Collect) - WCSA (Source of photos: Internet)