Rajesh Exports

Rajesh Mehta and Prashant Mehta joined their father’s jewelry business in the year 1985. As they both had a keen business sense and the ambition to grow, it did not take them long to realize that the jewelry industry in India was in an unorganised state, due to which India was losing out on the opportunity to make a mark in the global jewelry trade, while quality jewelry was not being made available to the discerning Indian consumer. India had the innate gift of inherent advantages to emerge as a global player in the field of jewelry but the potential was far from being exploited for the benefit of the consumers and the trade. Within the simple question as to why India could not emerge as the powerhouse of jewelry trade was the real formation of Rajesh Exports Limited. Rajesh Exports Limited (REL) was established in the year 1990 as a partnership firm with a modest investment. In the year of inception the firm posted reasonable export sales of Rupees 24.7 million. Initially the firm established a small manufacturing set up at Bangalore which was also the first organized jewelry manufacturing unit in India. The firm went public in the year 1995 with its Initial Public Offer. In the same year, REL expanded its manufacturing facility and set up a global marketing network. Not long after that, it emerged as the largest exporter of gold jewelry from India. In the year 2000, REL started construction of the largest jewelry manufacturing facility at Whitefield, Bangalore; the ambitious project was completed in the year 2002. That same year, REL started domestic wholesaling of jewelry by setting up a marketing network across the entire southern India. What began as a quest for achieving excellence in the production of jewelry has today grown in to one of the largest and the most respected global jewelry company.