Rajesh Exports

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Rajesh Exports
Public
Traded as BSE531500, NSERAJESHEXPO
Industry Refining, Retail
Founded 1989
Headquarters Bangalore, India
Key people
Rajesh Mehta, founder and CEO
Products Precious metals
Revenue $36,114 million USD (2016)
$185.8 million USD (2016)
Total assets $3,717 million USD (2016)
Number of employees
328
Website www.rajeshindia.com

Rajesh Exports Limited is a gold retailer in India which refines, designs, and sells gold and jewelry. The company ranked 295th on the Fortune Global 500 in 2017, with revenues of more than $36 billion, making it the fifth-largest company in India by revenue. Rajesh Exports MD is Prashant Mehta & Executive Chairman is Rajesh Mehta[1]

History[edit]

The company was founded in 1989[2] by the current executive chairman, Rajesh Mehta and his brother Prashant Mehta, Rajesh Exports MD.[3] The brothers started manufacturing in a ten-person shop located in their garage in Bangalore.[3]

By 1990, the company opened a retail front and rapidly expanded.[3]

In 2001, the company built a large manufacturing facility in Bangalore.[3] In 2015, the company acquired the largest gold refiner in the world, Valcambi of Balerna, Switzerland, for $400 million.[4]Now they are planning to expand their Shubh Jewellers retail store.[5]

References[edit]

  1. ^ DeCarlo, Scott (20 July 2017). "The Fortune 2017 Global 500". Fortune.
  2. ^ "Rajesh Exports Limited: Private Company Information". Bloomberg. 2017-09-30. Retrieved 2017-12-15.
  3. ^ a b c d "The gold rush: How Rajesh Mehta's out of the box ideas helped him build his jewellery empire". Forbes India. 2016-12-14. Retrieved 2017-12-15.
  4. ^ "Rajesh Exports buys Swiss gold refiner for $400m - Times of India". Timesofindia.indiatimes.com. Retrieved 2017-12-15.
  5. ^ "Rajesh Exports MD eyes bigger pie in retail sector, plans expansion of Shubh Jewellers stores - News Hour". News Hour. 2018-07-07. Retrieved 2018-08-18.