Rajesh Exports

Rajesh Exports Limited is a gold retailer in India which refines, designs, and sells gold and jewelry. The company ranked 7th on the Fortune India 500 list in 2020, with revenues of ₹1.96 trillion.[3] The present managing director is Prashant Mehta and the executive chairman is Rajesh Mehta.[4]

Rajesh Exports Limited
TypePublic
BSE: 531500
NSE: RAJESHEXPO
ISININE343B01030
IndustryMining
Refining
Retail
Founded01 February 1995 (01 February 1995)
Headquarters
Bangalore
,
India
Key people
Rajesh Mehta
(Executive Chairman)
ProductsGold
Jewelry
Precious metals
Revenue ₹195,607.23 crore (US$27 billion) (2020)[1]
₹1,261.29 crore (US$180 million) (2020)[1]
₹1,205.89 crore (US$170 million) (2020)[1]
Total assets ₹30,728.03 crore (US$4.3 billion) (2020)[1]
Total equity ₹10,534.20 crore (US$1.5 billion) (2020)[1]
Number of employees
409 (March 2019) [2]
Websitewww.rajeshindia.com

History

The company was founded in 1989[5] by the current executive chairman, Rajesh Mehta and his brother Prashant Mehta born in middle class Jain family, Rajesh Exports MD.[6] The brothers started manufacturing in a ten-person shop located in their garage in Bangalore.[6]

By 1990, the company opened a retail front and rapidly expanded.[6]

In 2001, the company built a large manufacturing facility in Bangalore.[6]

In 2011, the company raised $134.9 million by converting the Foreign currency convertible bonds they had issued in 2007.[7]

In 2015, the company acquired the largest gold refiner in the world, Valcambi of Balerna, Switzerland, for $400 million.[8] Now they are planning to expand their Shubh Jewellers retail store.[9]

See also

References
  1. "Balance Sheet 31.03.2020". rajeshindia.com (4 January 2019).
  2. https://rajeshindia-production.s3.amazonaws.com/uploads/annual_report/file/15/Rajesh_Exports_AR_2018-2019.pdf
  3. "Rajesh Exports - Fortune 500 List 2020 - Fortune India". www.fortuneindia.com. Retrieved 12 January 2021.
  4. "Rajesh Exports | About Us | Management | Gold and Diamond Jewellery Manufacturer". www.rajeshindia.com. Retrieved 12 January 2021.
  5. "Rajesh Exports Limited: Private Company Information". Bloomberg. 30 September 2017. Archived from the original on 16 December 2017. Retrieved 15 December 2017.
  6. "The gold rush: How Rajesh Mehta's out of the box ideas helped him build his jewellery empire". Forbes India. 14 December 2016. Archived from the original on 25 October 2018. Retrieved 15 December 2017.
  7. Bureau, Our. "Rajesh Exports raises $134.9 million through FCCBs". @businessline. Retrieved 5 November 2020.
  8. "Rajesh Exports buys Swiss gold refiner for $400m". The Times of India. 28 July 2015. Archived from the original on 10 September 2018. Retrieved 31 January 2019.
  9. "Rajesh Exports MD eyes bigger pie in retail sector, plans expansion of Shubh Jewellers stores - News Hour". News Hour. 7 July 2018. Archived from the original on 18 August 2018. Retrieved 18 August 2018.
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