Rajesh Exports – On a skyward journey

Effective are not the ones who long for it throughout the day, however the ones who long for it, work towards accomplishing it and don't rest until they have got what they set out for in the lead position. Rajesh Exports' example of overcoming adversity is a reasonable impression of this ideal model. Begun as a little time gems supplying organization, Rajesh Exports, under the regarded aegis of Chairman Mr. Rajesh Mehta has thrived magnificently. Since its beginning, the organization has been taking after a direction that has driven it to unparalleled statures. 

Rajesh Export's net benefit in its final quarter came to Rs 205 crore, a three- fold increment. The organization which was begun with a capital of 1200 saw its turnover touching Rs. 50000 crores in FY 14-15. 

Enduring determination and diligent work were a couple of the ideals that Rajesh Mehta had acquired as a legacy. From buying silver adornments in Chennai to offering it in Gujarat, Rajesh Mehta and his organization have progress beyond anyone's expectations. Much to be credited for this achievement is a dream that was unselfish and enhanced subsequent to the starting. It is this enchanting vision that is rising above Rajesh Exports to another zenith. 

With a perspective to build up an a dependable balance in the worldwide business sector, Rajesh Exports has wanted to make its auxiliaries. This will render the organization a much productive business development. Additionally, the organization has as of late made another benchmark by stowing a fare request for planner gems and emblems worth 1152 crore from AL Malek, UAE. These variables have to a great extent contributed in making Rajesh Exports Limited an organization that is becoming exponentially and all inclusive.

Rajesh Exports gains on huge export order

Shares of Rajesh Exports were up over 3% at Rs 235 after the company said it has received a huge export order from the Middle-East.



The export order worth Rs 1,302 crore is for the designer range of gold and diamond studded jewellery and medallions from M/s Al Jameelat Jewellery, UAE, the company said in a release.

The order will be executed at the company's manufacturing facility at Bangalore which has an installed capacity to process 250 tons of jewellery per annum, the release added.

The stock opened at Rs 227 and touched a high of Rs 238. At 1:35PM, over 630,000 shares were traded on both the stock exchanges.

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.

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 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.

Rs 5000 invested earlier in Rajesh Exports, would have made you a millionaire today !!!

Rs 5000 invested earlier in Rajesh Exports, would have made you a millionaire today !!!

Recently, gold prices fell by Rs 53 to Rs 27,326 per 10 gm in futures trade on Wednesday largely in tandem with a weak trend overseas and profit-booking by speculators. The city jewellery market witnessed a rather low customer response on the occasion of ‘Akshay Tritiya’ on Tuesday with gold prices touching Rs 27,120 as compared to 26,400 on Gudipadwa.

The data shows trend in the Price History of Gold (10gms) over the given period of time. Given below is year wise Price of Gold in India in last 42 year. In the initial period, the price of gold was around Rs 193.00 per 10 gm of gold. Now it reaches to value of Rs 31799 per 10 gm of gold. It’s a huge rise in price of gold. Investing in gold can most probably will not disappoint you.

But this picture, should not be accounted for widespread growth of the gold sector, because in recent time customers trend is going towards buying of low grade/ low carat gold.

In midst of all this, Rajesh Exports the number 1 gold supplier of gold in India has seen a good growth in past year as well as the first quarter of 2015. Strategic approach by company’s chairman Mr. Rajesh Mehta have led the company and its subsidiary retail stores Shubh Jewellers to grow many folds in the last decade, to shine at peak of this sector.

Not over filled with confidence, the company firmly has the viewpoint that Rs 5000 invested earlier in Rajesh Exports, would have made you a millionaire today. Rupees 5000 invested in the gold and jewellery major company, Rajesh exportsin the year 1995 is worth Rs 10,15,000, apart from having received a dividend in excess of Rs 40,000.

Would It have been better to invest in gold or in the gold major company Rajesh exports limited? In the year 1995, if you would have invested Rs 5000 in gold, It would have been worth Rs 32000, but the same amount invested in the gold company Rajesh exports limited, would be worth about Rs 10,55,000 today.

Finance experts of Gold and Mining sector are still hoping to see a overall good outcome and expect good turnover of revenues for India.

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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.