Rajesh Exports bags Rs.126 crore jewellery export order

Mumbai: Realizing value from its strategy of focusing on high value orders, Rajesh Exports Ltd, India''s largest exporter of gold jewellery, has received an order for the export of 22-carat designer jewellery, worth Rs.126 crore, from Lazorde Jewellery, Kuwait. The order will be executed over a period of four months at the company''s manufacturing facility at Bangalore, which is also the world''s largest.

In a press release, Rajesh Mehta, Chairman, Rajesh Exports Ltd., said, "The initiatives taken by the Company have been yielding encouraging results and our clients have been sourcing high value designer jewellery from us. We have the lowest wastage per gram of processed gold vis-à-vis industry standards; this enables us to provide international designs at extremely competitive price points".

With an annual turnover in excess of Rs.3000 crore, the company has a strong presence not only in the Middle East markets, but extends its presence across the world with partnerships in places like the US, South East Asia, and the UK, apart from a strong local presence in the four southern states of India.

Established, as a partnership firm, by Rajesh Mehta and Prashant Mehta, the company went public in 1995 with a public issue of 20 lakh shares. It is listed on both the NSE and the BSE. Starting with a turnover of Rs.2 crore in 1990, the company has now emerged as the world''s largest manufacturer, and India''s largest exporter, of gold jewellery. The Company''s infrastructure is comparable with the most modern jewellery production facilities globally. Spread over twelve acres of land, with a built up area of 5,00,000 sq ft., its Bangalore facility has an installed capacity of 250 tonnes per annum.