Rajesh Exports bags export order of Rs 1,122 crore

Rajesh Exports bagged an order for diamond and gold studded jewellery along with medallions, to be exported to the UAE. The total amount involved in this order is Rs 1,122 crore. Rajesh Export is a gold jewellery leader based in India, which exports its products all across the globe at the best price.
March 31, 2016 is the scheduled date for the completion and export of the order. The whole lot will be designed and manufactured at Rajesh Exports’ facility centre at Bengaluru.
The officials of the company said, “Rajesh Exports has bagged an export order worth Rs 1,122 crore of designer range of gold and diamond studded jewellery and medallions from the UAE.”
Last month, the firm had won an export order worth Rs 1,360 crore from the UAE for gold and diamond studded jewellery.
In July, Rajesh Exports had acquired Switzerland-based gold refinery Valcambi for $400 million in an all-cash deal to tap European and North American markets.
The firm has also developed a range of designer jewellery suitable for the European and North American markets.
Rajesh Exports also sells jewellery under the brand Shubh Jewellers and has 80 showrooms across the country. The firm founded with the objective to establish itself as a global leader in the jewellery market, which can be done by crafting finest quality jewellery and make it available for National and International client base. The industry expert is leading towards its goal with effective and efficient efforts.

Investing in Rajesh Exports Limited a rewarding option

Rajesh Exports Limited is the only company in the world that has involvement over the complete quality chain of gold from Refining, Manufacturing, Wholesale, Export and Retail of gold items. SHUBH Jewelers, which is the retail brand of REL is a standout amongst the most trusted retail gold gems brands in India. With its retail activity, under the brand name of SHUBH Jewelers, REL has developed as the biggest retail gem specialist in State of Karnataka and the main completely coordinated gold adornments organization in the world.

REL has a manufacturing facility that sprawls over 12 acres of land of area with a developed zone of 500000 sqft. REL is additionally the lowest expense gold Jewelry assembling organization in the world. The organization has as of late procured 100% stake in Valcambi, the world’s biggest gold refinery with central command at Switzerland. With this obtaining the organization has developed as the single biggest constituent of the worldwide gold business.

REL imports debased gold from the mines, refines this gold at its own refinery, forms this refined gold and produces adornments at its own biggest gold gems fabricating office, sends out the gems, wholesales the gems and furthermore retails the gems straightforwardly to the end customer at its own particular retail locations under the brand name of SHUBH Jewelers. SHUBH Jewelers has 80 Jewelry showrooms across Karnataka. The obtaining of Valcambi is a way breaking occasion for the organization in light of which the progressing execution of the organization will be further complimented by the cooperative energies of Valcambi.

Execution of Valcambi would likewise be further united, which would guarantee fantastic execution by the organization in the coming quarters. We expect that the organization surplus situation is prone to proceed for the following a few years, will keep its development story in the coming quarters moreover.

 

Rajesh Exports to venture in international markets with designer jewellery.

Rajesh Exports

Rajesh Exports, India’s largest gold exporter, has active plans of expanding their vertical of designer jewellery to the markets of Europe and North America. The company announced their expansion plans to Bombay Stock Exchange. This made the share prices of Rajesh Exports jump up by 6% to hit an intraday high of Rs 444.
Rajesh Exports sent a filing to the Bombay Stock Exchange informing them that the company had developed a special range of designer jewellery which is suitable for the American and European markets.
This designer jewellery will be marketed by Valcambi. Rajesh exports acquired Valcambi in July 2015.
Official spokesperson for Rajesh Exports said, “ Venturing into the American and European markets is an important step towards international diversification of Rajesh Exports. Many might term this as a bold move but for us it is a thoroughly planned strategy.”
The spokesperson elaborated, “ We have developed a special range of jewellery designed especially for the European and American Markets. Our analysts spent a good amount of time trying to decode the fashion choices and preferences of the locals in these markets. And then, our designers crafted jewelleries to suit the international taste. A major breakthrough was acquiring Valcambi to market our producs. Valcambi has a good network which we think can be used optimally to make this expansion a success. Ever since we announced the news to Bombay Stock Exchange, our share prices have gone up by several percent. This is an absolutely positive indication. The market is hopeful of this expansion strategy.”
The shares of Rajesh Exports ended at a 2.7 percent high at Rs 430.50. The stocks of Rajesh Exports outperformed Nifty which dropped by 2%.

Singapore gave gold jewelry’s order worth Rs 1,123 Crore to Rajesh Exports

Rajesh Exports – On a skyward journey

Successful are not the ones who dream of it all day, but the ones who dream of it, work towards achieving it and do not rest until they have got what they set out for in first place. Rajesh Exports’ success story is a clear reflection of this paradigm. Started as a small time jewellery supplying company, Rajesh Exports, under the esteemed aegis of Chairman Mr. Rajesh Mehta has flourished splendidly. Since its inception, the company has been following a trajectory that has led it to unparalleled heights.

Rajesh Export’s net profit in its fourth quarter reached Rs 205 crore, a three- fold increase. The company which was started with a capital of 1200 saw its turnover touching Rs. 50000 crores in FY 14-15.

Imperishable determination and hard work were a few of the virtues that Rajesh Mehta had inherited as a legacy. From purchasing silver jewellery in Chennai to selling it in Gujarat, Rajesh Mehta and his company have come a long way. Much to be credited for this accomplishment is a vision that was magnanimous and diversified since the beginning. It is this enthralling vision that is transcending Rajesh Exports to a new apex.

With a view to establish a foothold in the global market, Rajesh Exports has planned to create its subsidiaries. This will render the company a much profitable business expansion.  Also, the company has recently created another benchmark by bagging an export order for designer jewellery and medallions worth 1152 crore from AL Malek, UAE. These factors have largely contributed in making Rajesh Exports Limited a company that is growing exponentially and globally.

Rajesh Exports Limited (History) – Story of becoming largest gold exporter

Mr. Jasvantrai Mehta was running a small business of supplying semi precious stones to the jewelers across south India. In the year 1978,  Mr Prashant Mehta, started assisting him in the business. Mr Rajesh Mehta was a meritorious student and a state rank holder  in schooling. In the year 1981, Mr Rajesh Mehta quit his education and started assisting his father in the business. Mr Rajesh Mehta and Mr Prashant Mehta had a vision in the jewellery business for which they wanted to start jewellery business. Their elder brother Mr Bipin Mehta gave them Rs. 1200 to start the business, this in effect  formed the initial capital of what is today a Rs. 20,000 crore company.

In the year 1982, both the brothers purchased silver jewellery from a silver jewellery manufacturer in Chennai, in which the manufacturer gave them some additional credit, they took this jewellery to Gujarat and sold it from house to house. From the proceeds of this sale they purchased silver jewellery from Rajkot and brought it to Bangalore and sold the same to the jewelers at Bangalore. The rotations and trips continued in this manner, due to their prompt conduct and hard working nature they were quickly able to build up an excellent reputation in the market, based on which they received good credit support from the manufacturers and wholesalers, which helped them to quickly scale up the business, by the year 1984, they had emerged as one of the leading silver jewellery wholesalers in south India.

With in a span of about three years they studied the jewellery market and understood that the  jewellery market was  completely unorganized and there were no standards in the jewellery industry. They visualized that they must try and create an organized sector in the industry and scale up quickly to build a large enterprise.  They also understood that to create an organized jewellery business, they needed to get into gold jewellery manufacturing and distribution. Those were the days of Gold Control Act. The Act was a draconian act, which was designed to discourage gold import and consumption in the country, because the entire gold requirement of the country was met by imports and India did not have a comfortable foreign exchange position at that time. As per the restrictions in the Act, setting up of a legal gold jewellery manufacturing   unit was practically impossible. It was primarily due to this reason that the entire jewellery industry in India at that time was in the unorganized sector and without any standards.

Inspite of all the impediments, the brothers were confident about achieving their vision of organizing the jewellery industry by meeting the end to end requirements in an organized manner and building an enterprise of mines to consumer. In the year 1985 they obtained a gold license under the Gold Control Act to deal in gold jewellery  and started a partnership firm called Rajesh Art jewelers. They started dealing in gold jewellery, by buying the jewellery from the unorganized sector and supplying the same to the jewelers, in a short period of time they were able to build a sizeable business and an impeccable reputation in the gold jewellery trade.  Their vision was clearly to establish a jewellery manufacturing facility, wherein they could control the quality, finish and the delivery schedules of the product. With  the Gold Control Act in place it was practically not possible to set up an organized jewellery manufacturing unit at that time, when they carefully studied the act, they found that an organized jewellery manufacturing unit was allowed to be set up if the entire production was exported.

Since they wanted to understand and master jewellery manufacturing, In the year 1989 they formed a partnership firm called Rajesh Exports with the main objective of manufacturing jewellery and exporting the same. In the year 1989, they set up the first organized gold  jewellery  manufacturing unit in a small place in Bangalore, by getting skilled workers from Mumbai to Bangalore. In the year 1989 they got their first export order from U.K. By following strict quality standards and innovative designs, Rajesh Exports was able to quickly scale up the manufacturing operations and exports.

Rajesh Exports Limited and Shubh Jewellers

Rajesh Exports is manufacturer of gold and diamond jewellery and was incorporated in 1995. Mr Rajesh Mehta and his brother Prashant Mehta entered into their family business of retailing jewellery in 1985. Then in 1989, Rajesh export was established in partnership to manufacture and export jewellery. In the 1990 the company set up its gold jewellery manufacturing unit. Immediately in the next year, REL also set up research and development facilities for jewellery segment. In 1994 the company became the largest exporter of jewellery from India.

Currently the company has set up world’s largest jewellery manufacturing unit which is spread across 10 acres of land. This unit processes 250 tonnes of gold per annum. It is also capable of producing hand-made jewellery, casting jewellery, machine chains, stamped jewellery, studded jewellery, tube jewellery and electro-formed jewellery.

The company has its presence in entire jewellery cycle starting from refining of gold to marketing of jewellery. The company designs jewellery according to market trend and has a portfolio of 29000 designs. It is the lowest cost gold jewellery producer in the world The company has its presence in four continents of North America, Europe, Asia and Australia.

It has distribution network in the cities of New York, Chicago, Dallas, Toronto, London, Paris, Zurich, Dubai, Sharjah, Muscat, Kuwait, Singapore, Kuala Lumpur and Sydney. Currently the company supplies jewellery to over five thousand retail showrooms across India.

It has also set up exclusive jewellery retail stores under the name LAABH JEWELLERS. Currently it has 30 stores across India. Awards The company received Star Exporter award which is the highest honour for export performance by the FKCCI. REL was ranked as the No.1 Company in the Gem and Jewellery sector by DUN & BRADSTREET. Outlook The company is in process of setting up a network of 100 retail showrooms in four southern states of India under the brand SHUBH JEWELLERS. It plans to expand 450 showrooms all over India in coming years.

Mr. Rajesh Mehta

Mr. Rajesh Mehta The executive chairman of REL is responsible for the overall functioning of the company, in addition to being specifically in-charge of the finance and marketing functions. Mr. Rajesh Mehta has an experience of over twenty years in the functioning and management of the jewellery trade and has traveled extensively within India and overseas for establishing a strong network in the industry. In addition to his post as Executive Chairman of REL he is a member of the export trade advisory committee of the Bangalore Jewellers Association. He is also the president of the Karnataka Jewellery Exports Association and the Director of Handloom and Handicrafts Export Corporation of India.

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.