HOME > BUSINESS > Rajesh Exports starts second phase of retail expansion with Bangalore

Rajesh Exports starts second phase of retail expansion with Bangalore

shubhjewllersGold Jewellery exporter, Rajesh Exports Ltd said it launched its 81st retail showroom under it’s brand name ´Shubh Jewellers´ at Bangalore.

“With this launch the company has launched it’s second phase of retail expansion. The company in the second phase of retail expansion has finalized plans to launch series of retail showrooms in the four southern states of India”, said the company.

It had completed the first phase of retail launch by launching 80 Shubh Jewellers showrooms.

“We had completed the first phase of 80 showrooms after which we had focused on the acquisition of Switzerland based gold refinery Valcambi, we have successfully completed the acquisition and integration of Valcambi in our group. The Company has achieved impressive revenue and now the company will be focusing on margin expansion for which Retail would be the key area for the company “, said Rajesh Mehta, Chairman, Rajesh Exports Ltd.

With the recent acquisition of Valcambi, largest gold refinery at Switzerland, Rajesh Exports has built up a total capacity to refine 2400 tons of precious metals per annum.

Valcambi is an accredited refinery, the gold bars produced at Valcambi are accepted as good delivery bars across all the metal exchanges of the world.

“We are confident that over a period of the next one year, we would be able to substantially increase our retail business by launching new retail stores which would result in increased profit margins for the company as retail is a high margin business”, he said.

Rajesh Exports Ltd is a Zero debt gold jewellery exporter with an annual sales of Rs 165200 Crores (approx. $ 24 bln) on consolidated basis for FY16.

The Company processes 35% of the gold produced in the world, it said.
Rajesh Exports has a total installed capacity to manufacture 400 tons of world class gold products per annum.

The company exports its products to various countries around the world and also supplies it’s products in wholesale to jewellery showrooms across India.

Follow ULTRA.news
We expected better numbers: Vishal Sikka of Infosys Infosys Chief Executive Officer Vishal Sikka said the company's performance in the January-March period was below his expectations for various reasons."It is a challenging performance," Sikka said in a post-result press conference. "We were expecting a higher number," sai...
NTPC starts 660 MW Solapur Super Thermal Power Project in Maharashtra One of NTPC's thermal plantsNTPC Ltd, India's largest power producer, has taken its total installed production capacity beyond the 51,000 MW mark with the addition of the 660 MW Solapur Super Thermal Power Project in Maharashtra.The total capacity of the NTPC Group has b...
Tech Mahindra opens robotics, AI and digital services center in Dublin IT services provider Tech Mahindra opened a new facility in Dublin, Ireland to focus on emerging technologies such as Robotics and Automation, Business Analytics, Cloud Infrastructure and Digital Services.The new centre would employ around 150 engineers over the next three ye...
Will OnePlus 3 from Flipkart get warranty support from manufacturer? OnePlus 3, arguably the most successful premium phone of 2016 in India, may not get warranty support from the manufacturer if purchased from Flipkart, going by a statement by the company.The company issued a statement that seemed to suggest that Flipkart's sale of the mod...
After pumps, Bata stores to provide cash withdrawal The story has been withdrawn by the company.
Shoppers Stop opens new MAC outlet in Malad, Mumbai Retailer Shoppers Stop Ltd. said it has opened one ´M.A.C´ branded outlet at at Inorbit Mall in Malad, Mumbai.With the opening of this store the company now has 41 M.A.C stores under its operations.Shoppers Stop is an Indian retailing company promoted by the K Raheja Corp...
Mukta Arts opens premium design school in India with ECV France Mukta Arts said its subsidiary Whistling Woods International Ltd has opened its 8th school -- Whistling Woods International School of Design -- in association with ECV, a design school in France. The École de communication visuelle or ECV is a French private design school.The...
Mahindra opens spare parts warehouse in Mahindra World City, Jaipur Mahindra & Mahindra Ltd said it opened a spare parts warehouse in Mahindra World City, Jaipur."It is one of the largest warehouses in the country and the company’s first in northern India, it will cater to the requirement of Mahindra customers in north and north western reg...
Card payments slow as people start swiping more after Demonetization Swiping a debit or credit card at the local grocery store or supermarket is supposed to be the best way to beat the demonetization blues, but going by social media feedback, these networks are getting overloaded as well.In fact, our own staff have found that they have had to ...
Emgee Group to build apartments priced at Rs 8-12 lakh near Mumbai Emgee Group, known for its high-end properties, said it is planning to enter the affordable homes segment by building homes in price range of Rs 8 lakh to Rs 14 lakh with a configuration of 300 sq ft to 500 sq ft each unit.With this venture the company aims to help home-b...
Kerala merchant’s union strike against black-money currency move Kerala's merchants and traders union has asked its members to shut all shops from Tuesday to protest the Center's decision to swap currency notes to control black money.The central government has withdrawn existing 500 and 1000 rupee notes and asked everyone holding the same ...
Crossword opens at Viviana Mall, Mumbai Viviana Mall, one of the leading retail malls in Mumbai Metropolitan Region, said the bookstore Crosswors has opened its 1800 sq ft store in the mall.Crossword currently has 94 stores (50 own stores and 44 Franchised stores) spread in different cities across India. It is a wh...
Apollo Tyres to invest Rs 525 cr in Andhra Pradesh Apollo Tyres today signed an agreement with the Andhra Pradesh government to set up a manufacturing facility in the state.“As per the Memorandum of Understanding, the company will invest approx. Rs 525 cr for setting up this facility in Andhra Pradesh bordering the south-east...
Shutters down on two Shoppers Stop, one Hypercity outlets Shoppers Stop Ltd said it is closing down its two stores at Inorbit mall at Pune and Nirmal Lifestyle at Mulund due to the decrease in business and low profitability.“The sales during last financial year from the store at Inorbit mall was Rs 2,491.20 lacs, which was 0.66% of ...
India gold price jumps Rs 796 for 10 grams Expect the unexpected is the case what we see in gold price today.The country saw a sudden hike in the gold price today as Rs 30,820 for 10 grams from yesterdays price of Rs 30,024.The price for 10 grams has rose by 796 rupees from yesterday in India.UPDATE: As of 151...
Mindtree opens new Salesforce facility in Germany IT services provider Mindtree said it launched a new salesforce facility in Munich, Germany.This salesforce centre of excellence is anchored by Magnet 360, a salesforce partner and wholly-owned subsidiary of Mindtree.Salesforce is the world’s leading pureplay cloud player...
Inox Multiplex starts operations at Mumbai’s Metro House Cinema InoX Leisure Ltd said it launched the commercial operations at Mumbai's iconic Metro House cinema.The new multiplex has 6 screens and 1491 seats.The multiplex operator had won the lease for the building a little more than a year ago. Metro House was shut in 2014, 79 years...
Zensar wins Oracle deal from US catalog retailer Full Beauty IT services provider ZenSar Technologies said it won a contract to implement Oracle Applications Release 12 to tranform the financial and procurement processes of e-commerce and catalog retailer Full Beauty Brands .FullBeauty Brands is a leading American plus-size women's and...
Ambrane launches ´BT-5000´ bluetooth speaker @ Rs 1499 IT brand Ambrane India said it launched a new bluetooth speaker BT5000, priced at just Rs 1499.Ambrane is one of the leading IT brands in computer peripherals, Mobile Accessories and No. 1 in Power Banks.The speaker has in-built Magnetic trumpet that improves the quality...
India adds 1,732 MW of hydro-power capacity Prime Minister Narendra Modi inaugurated three hydro-electric projects in Himachal Pradesh, representing 1,732 MW of generating capacity, to the nation today.The biggest of the three is NTPC's Koldam, which has four generating units of 200 MW each. The second biggest was Par...
V2 Retail opens its 32nd store in Sitamarhi, Bihar Value retailer V2 Retail Ltd. said it has opened a new retail store at Sitamarhi, Bihar.By this launch V2 retail currently has 32 operational retail stores across the country.V2 Retail Limited is a retail company in India.It offers more than 70,000 products including...
FujiFilm offers discounts on Instax instant photo maker As the festive season is approaching many brands and online sites are offering huge discount sales and gifts on products to attract consumers in a wide range.And adding more color and to capture each moment of happiness FujiFilm India Pvt Ltd has introduced its new and ex...
itel launches VoLTE phone with Iris scanner @ Rs 8,490 itel Mobile said it has launched its s flagship selfie phone, ´it1520´ at Rs 8,490 in India.it520 is equipped with wide angle 13 MP front and back cameras, Iris scanner, 4G-VoLTE connectivity and a Reliance Jio connection.The model runs on Android 6.0 Marshmallow."The...
Thomas Cook tries the ‘mini’ approach to keep costs low in Tier 3 cities Thomas Cook, one of leading travel consultants, said it has launched an outlet in Rudrapur city in Uttarkhand under its new Mini format.The Rudrapur outlet has been designed optimising space and will be manned by a two member team, equipped with technology via mobile devices ...
NewU launches new beauty brand Jaquline USA Dabur India Ltd’s beauty retail venture, NewU said it was bringing the make-up and beauty brand -- Jaquline USA -- to India.The new brand Jaquline USA will feature a range of make-up & beauty products.“NewU is the first Indian company to enter the Nail Care and Styli...