Posted In: Consumer Products Manufacturing, Gold, Jewellery, Metal

RAJESHEXPO – Rajesh Exports Ltd

Rajesh Exports Limited was incorporated in 1989. The company is a global leader in the Gold business. REL is headquartered in Bangalore, India with operations spread across the world. It is the only company in the world with presence across the entire value chain of Gold from refining to retailing. It is largest processor of gold in the world, REL processes 35% of gold produced in the world. It is largest exporter of gold products from India. REL is lowest cost gold jewellery producer in the world.

Total Refining capacity – 2,400 tons; Manufacturing – 350 tons
World’s largest gold Company and the only end to end provider across value chain of gold
World’s largest refiner of gold
World’s lowest cost gold products producer
One of the world’s largest active jewellery design database of 29000 designs


REL is a global leader in gold refining, gold products manufacture, gold products wholesale, and gold products exports. Apart from it’s regular business, REL would be focusing mainly on strengthening it’s direct connect to the retail consumer to ensure that it climbs up the value chain and utilizes a major part of the gold refined by it to manufacture gold jewellery and investment bars and supply them directly to the retail consumer.

Gold Refining
▪ REL is the world’s largest gold refiner with a capacity to refine more than 2400 tons of precious metals per annum.
▪ REL has two refining facilities, Valcambi at Switzerland which is the world’s largest refinery with a capacity to refine 2000 tons of precious metals and another facility in the Indian state of Uttarakhand with a capacity to refine 400 tons of precious metals per annum.
▪ Valcambi has been in gold refining since 1963 and has developed the most efficient and the finest precious metals refining process in the world.

Jewellery Manufacturing
▪ The manufacturing facility of REL is the largest jewellery manufacturing facility in the world.
▪ The facility is capable of manufacturing most of the types of Gold jewellery required by the retail clients.
▪ The facility can manufacture Hand Made Plain Gold Jewellery, Hand Made Studded Gold Jewellery, Casted Jewellery, Machine Chains, Machine Bangles, Pipe Jewellery, Hollow Jewellery, Antique Jewellery etc.
▪ Among all these classes of jewellery the facility is capable of manufacturing various items like Chains, Necklaces, Bangles, Bracelets, Finger Rings, Ear Rings and various other items.
▪ The manufacturing facilities at Bangalore, Cochin and Dubai have a total capacity to manufacture 350 tons of world class plain and studded gold jewellery.

▪ Valcambi is the most credible global brand in Gold bars.
▪ Valcambi Gold bars are LBMA certified and are acceptable as good delivery bars across the world.
▪ Valcambi has developed several new products for investors like combi bars and Armillary Coins.
▪ The small bars and coins of Valcambi of 1, 2,5,10,20,50 and 100 gram denominations are global favorites of investors in Gold.
▪ Valcambi is the world’s largest gold refinery and is capable of producing 400 tons of small size gold bars and 500 tons of kilo bars per annum.
▪ Valcambi is further working on several products which would be investor friendly and which can be sold directly to the retail consumers.

Shubh Jewellers (Retail)
▪ SHUBH Jewellers is the retail brand name of REL.
▪ SHUBH Jewellers was launched in the year 2012 and currently there are 80 SHUBH showrooms in the south Indian state of Karnataka.
▪ SHUBH has redefined jewellery retail business by offering the customers finest designs and guaranteed purity at value for money prices.

Plants and Capacity

Facility – Bangalore (India), Cochin (India) and Dubai(UAE)
▪ Total Capacity – 350 tons

Refineries – Balerna, Switzerland and at Uttarakhand in India
▪ Total Capacity – 2400 tons

▪ Valcambi, the world’s largest gold refinery and the largest gold bar manufacturer headquartered in Balerna, Switzerland
▪ Valcambi acquisition enables REL to harness capacity and emerge as integrated gold company
▪ Refining throughput – 5.4 tons per day, Product throughput – 3.8 tons bars and coins (Au) per day 1.8 tons bars (Ag) per day

Revenue Segmentation


(In Rupees Crores) 2017-18 2016-17 2015-16 2014-15
Total Income 187,748.11 242,179.13 165,220.45 50,463.00
PBT 1,341.64 1,302.94 1,112.12 726.07
PAT 1,265.79 1,243.63 1,069.00 654.91
EPS 43.00 42.00 36.00 22.00


(In Rupees Crores) Q3 2018-19 Q2 2018-19 Q1 2018-19
Total Income 44,017.21 53,375.80 43,926.80
PBT 327.69 346.17 412.40
PAT 315.97 314.86 399.16
EPS 10.70 10.66 13.52
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by , created on April 23rd, 2019, last updated on April 23rd, 2019

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