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Rajesh Exports has consistently demonstrated profitable growth and it is a regular dividend paying company with 100 per cent dividend pay-out for the past 10 years.
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Headquartered in bengaluru, Rajesh Exports has an extensive global manufacturing and marketing network with distribution through exports, wholesale and directly to consumers by own retail brand. It is also the world’s largest refiner of gold and refines over 35 per cent of world’s gold and is a regular presence in BW Businessworld’s real 500 list.
The company’s refineries are located at Balerna in Switzerland and Uttarakhand, with a cumulative capacity to refine 2,400 tonne of the precious metal per annum. It is also the world’s lowest cost producer of gold products by virtue of robust systems and advanced technology for production and strong R&D facility at Bengaluru and Balerna (Switzerland). It is constantly engaged in developing new designs and processes and technology for refining and manufacture of gold jewellery, leading to a portfolio of more than a million designs.
Since inception, Rajesh Exports has consistently demonstrated profitable growth and it is a regular dividend paying company with 100 per cent dividend pay-out for the past 10 years.
Rajesh Mehta, Chairman, Rajesh Exports says, “Globally, the pandemic situation had started in the month of February itself, inspite of which the company posted encouraging results. Once the pandemic situation is overcome and normalcy prevails, I am confident that the company will grow impressively both in revenues and profits.”
ZERO-DEBT COMPANY: Rajesh Exports is a zero-debt company on a standalone basis with annual sales of Rs 1.95 lakh crore (around $26 billion) on a consolidated basis for FY20. It emerged as the single largest constituent of global gold business.
The company processes about 35 per cent of the gold produced in the world, and is the only company with presence across the value chain of gold from mining till its own retail brand.
It has become the largest refiner in the world with the acquisition of Valcambi, the world’s largest gold refinery at Switzerland.
The gold bars produced at Valcambi are good delivery bars, and accepted across all the precious metal exchanges of the world and by all the bullion banks.
Across its various manufacturing facilities Rajesh Exports has an installed capacity to manufacture 400 tonne of world-class gold products per annum.
The company has set up the world’s finest R&D facilities in Switzerland and in India for developing new designs and for evolving innovative manufacturing process.
The company exports its products to various countries around the world and also supplies its products to bullion banks, central banks wholesale jewellery trade and retail jewellery trade.
Rajesh Exports has set up 83 retail jewellery showrooms under the brand name of Shubh Jewellers, one of the most trusted household jewellery brand names in South india and known for quality, designs and value for money prices of its products.
The company has put in place an expansion plan, under which over the next three years the Shubh Jewellers brand will be expanded from 83 retail showrooms at pre sent t o 500 show rooms across the five southern Indian states. These five states account for the highest consumption of gold across India.
In the second phase, the company will further scale up to 1,500 retail showrooms across north, east, west & central India.
This will be followed by two more phases in which the company will add 500 showrooms outside India — across Asia, the US and Europe, according to Mehta.