Rajesh Exports Explained
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]
History
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
Notes and References
- https://rajeshindia-production.s3.amazonaws.com/uploads/annual_report/file/15/Rajesh_Exports_AR_2018-2019.pdf
- https://rajeshindia-production.s3.amazonaws.com/uploads/quaterly_report/file/87/ConResults31032020.pdf "Balance Sheet 31.03.2020"
- Web site: Rajesh Exports - Fortune 500 List 2020 - Fortune India. 2021-01-12. www.fortuneindia.com. en.
- Web site: Rajesh Exports About Us Management Gold and Diamond Jewellery Manufacturer. 2021-01-12. www.rajeshindia.com.
- Web site: Rajesh Exports Limited: Private Company Information . Bloomberg . 2017-09-30 . 2017-12-15 . https://web.archive.org/web/20171216034809/https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=8667003 . 16 December 2017 . live .
- Web site: The gold rush: How Rajesh Mehta's out of the box ideas helped him build his jewellery empire . Forbes India . 2016-12-14 . 2017-12-15 . https://web.archive.org/web/20181025182158/http://www.forbesindia.com/article/india-rich-list-2016/the-gold-rush-how-rajesh-mehtas-out-of-the-box-ideas-helped-him-build-his-jewellery-empire/45105/1 . 25 October 2018 . live .
- Web site: Rajesh Exports raises $134.9 million through FCCBs. 2020-11-05. @businessline. 3 November 2011 . en.
- News: Rajesh Exports buys Swiss gold refiner for $400m . The Times of India . 28 July 2015 . 31 January 2019 . https://web.archive.org/web/20180910093007/https://timesofindia.indiatimes.com/business/india-business/Rajesh-Exports-buys-Swiss-gold-refiner-for-400m/articleshow/48243771.cms . 10 September 2018 . live .
- News: Rajesh Exports MD eyes bigger pie in retail sector, plans expansion of Shubh Jewellers stores - News Hour. 2018-07-07. News Hour. 2018-08-18. en-US. https://web.archive.org/web/20180818115336/https://newshour.press/business/rajesh-exports-md-eyes-bigger-pie-retail-sector-plans-expansion-shubh-jewellers-stores/. 18 August 2018. live.
