Summary
Rajesh Exports Limited is an Indian multinational gold retailer headquartered in Bangalore, Karnataka. The company refines, designs, and sells gold and jewelry. It was ranked 7th on the Fortune India 500 list in 2022, with revenues of ₹2.90 trillion,[3] and 462nd in the Fortune Global 500. The present managing director is Prashant Mehta and the executive chairman is Rajesh Mehta.[4]
 | |
| Company type | Public |
|---|---|
| BSE: 531500 NSE: RAJESHEXPO | |
| ISIN | INE343B01030 |
| Industry | Mining Refining Retail |
| Founded | 01 February 1995 |
| Headquarters | , |
Key people | Rajesh Mehta (Executive Chairman) |
| Products | Gold Jewelry Precious metals |
| Revenue |  ₹258,308.22 crore (US$32 billion) (2021)[1] |
 ₹1,036.20 crore (US$130 million) (2021)[1] | |
| ₹844.87 crore (US$110 million) (2021)[1] | |
| Total assets | ₹23,472.80 crore (US$2.9 billion) (2021)[1] |
| Total equity | ₹11,221.38 crore (US$1.4 billion) (2021)[1] |
Number of employees | 1409 (March 2019) [2] |
| Website | www |
History edit
The company was founded in 1989[5] as Rajesh Exports Limited by Rajesh Mehta and his brother Prashant Mehta both born in a middle class Jain family.[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 edit
References edit
- ^ a b c d e "Balance Sheet 31.03.2020". rajeshindia.com (4 January 2019).
- ^ https://rajeshindia-production.s3.amazonaws.com/uploads/annual_report/file/15/Rajesh_Exports_AR_2018-2019.pdf [bare URL PDF]
- ^ "Rajesh Exports - Fortune 500 List 2020 - Fortune India". www.fortuneindia.com. Retrieved 12 January 2021.
- ^ "Rajesh Exports | About Us | Management | Gold and Diamond Jewellery Manufacturer". www.rajeshindia.com. Retrieved 12 January 2021.
- ^ "Rajesh Exports Limited: Private Company Information". Bloomberg. 30 September 2017. Archived from the original on 16 December 2017. Retrieved 15 December 2017.
- ^ a b c d "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.
- ^ "Rajesh Exports raises $134.9 million through FCCBs". @businessline. 3 November 2011. Retrieved 5 November 2020.
- ^ "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.
- ^ "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.