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Rajesh Exports listed in Fortune Global 500 for 4th time in a row

Rajesh exports named along with Reliance Industries Limited, State Bank of India, Tata Motors and Indian Oil Corporation in the Fortune Global 500 2019.

Friday August 2, 2019 10:43 PM, ummid.com News Network

Fortune Global 500

Bengaluru: Bangalore based Indian gold conglomerate - Rajesh Exports appeared consecutively for the 4th time in the Fortune Global 500 list alongside RIL, IOC, ONGC, SBI, BPCL, and Tata motors. Incorporated in 1989, Rajesh Exports is one of the leading gold players around the world.

The company processes around 35% of total gold processed around the world. Along with this, Rajesh Exports is the only company which is engaged across the value chain of gold. The company claims to produce lowest cost jewellery around the world.

The company’s stock rose nearly around six-fold since 2013, under the aegis of the chairman Rajesh Mehta. One of the main reasons behind the company’s growth is the acquisition of the world’s largest gold refinery – Valcambi, Switzerland by it in 2015.

In addition, Rajesh Export also owns the largest gold jewellery manufacturing facility at White Field, Bangalore with a capacity to process around 250 tonne of gold per year. The Company’s retail arm, Shubh Jewellers has over 80 showrooms across Karnataka.

Shubh Jewellers claims to offer jewellery at the lowest price in the market, with its ‘Real Rate Per Gram’ feature. Under this, the customers don’t have to pay anything extra for wastage, making and other extra charges. With this unique feature and over thousands of designs, Shubh clearly outperforms its competitors.

The leader(s) of an organization are the key to success. Recently, Rajesh Mehta was listed among the world’s top CEO by CEOWORLD magazine. Other prominent names in the list included Mukesh Ambani, Lakshmi Mittal, and several other top CEOs around the world. His name in the list clearly shows Mr Mehta’s extraordinariness and dedication towards his company.

Recently, Rajesh Exports bagged an order worth Rs. 942 crores from Germany. Under the deal, the company will be delivering a designer range of jewelleries by August 2019.

"The hard work of the company's designers and manufacturing personnel has paid rich dividends in the international markets. I am confident that with this order and its successful execution, we would be looking forward for more such orders from other markets," said Mehta while commenting on the deal.

This deal is said to be one of the biggest milestones in the progressive journey of Rajesh Exports.

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