Industry Talk

Upcoming years to witness big announcement from Rajesh Exports

The heir of world’s largest gold processing company talks about the next strategic move and associated expectation

Anyone who is constantly associated with the gold market is bound to know the position and dominance of Rajesh Exports. Founded in 1989 by Rajesh Mehta, Rajesh Exports adapted with changing regulations of the noble metal and gradually became the world’s largest gold processing company. While Prashant Mehta has been actively involved in the company, it became a quintessential family business with the inclusion of Siddharth Mehta.

The son of Rajesh Mehta, Siddharth entered Rajesh Exports as any other employee in the 2000s. This came after his attempt to understand the company inside out by beginning from an executive level. Arguably, the Valcambi acquisition was his initial large scale project, on which he successfully helped Rajesh Mehta and the company fulfill their three year old vision.
In 2011, the IT Team of Rajesh Exports was set up and Siddharth is the current head of the unit. In addition, he is the Chief Strategist of Rajesh Exports. When asked about his vision for the company’s future success, he said, “We aim to dominate the South Indian jewelry segment in India. With our retail arm, SHUBH Jewellers, not just expansion but other plans are also on the cards.” SHUBH currently has more than 80 stores across Karnataka and deals in authentic, aesthetic South Indian jewelry.
“The upcoming couple of years are going to witness a big announcement from Rajesh Exports,” added Siddharth Mehta. It is speculated that he is hinting towards the project that eyes the entry of Rajesh exports in the e-commerce industry. “It is my pet project,” said Siddharth Mehta as reported by The Economic Times.
This is also supported by the recent Rs 933 crore order bagged by Rajesh Exports from UAE. Rajesh Mehta revealed that this order was procured because of a new line of jewelry introduced by the company.
Provided that the company gets the timing of their announcements right, not only their stocks are expected to take a substantial jump, but also their market value and business presence will receive impetus with the combined efforts of the father-son duo.

Recent Posts

Securities Appellate Tribunal Grants Relief to Manpasand Beverages Against SEBI Decision

The Securities Appellate Tribunal, Mumbai has stayed certain interim directions imposed by the SEBI against…

20 hours ago

Why News Articles Rank On Google

Nowadays everyone uses the Internet, everyday people search crores of things on Google. But while…

1 week ago

Bharat Club – India Premier Gaming Hub for Real Rewards!

Do you have a desire to play Color Prediction Game, if yes then register today…

1 week ago

OK WIN app: Best Gaming Platform

Everyone enjoys gaming, but many people do gaming just to pass the time. If you…

1 week ago

Katchatheevu to Coco Islands, The Story of India’s Giveaways

The Katchatheevu island issue is back in the limelight after PM Modi mentioned it in…

2 months ago

Bengaluru’s Worsening Water Crisis Should be the Wake-Up Call for India and The World

Bengaluru is facing an acute shortage of 500 million litres of water every day, which…

3 months ago