NEW DELHI: After acquiring the world’s largest gold refiner in Switzerland for $400 million last year, Indian jeweler Rajesh Exports is scouting for other foreign assets to build its business. Headquartered in the southern Indian city of Bangalore, the private gem and jewelry company established in 1989 is involved in all aspects of gold procurement, from refining to retailing, and processes 35% of global production.
Rajesh Exports recently appeared on the Fortune Global 500 list of the world’s largest companies, which together generated revenues of $27.6 trillion in 2015. At No. 423 in rankings topped by Wal-Mart Stores of the U.S., it is one of only seven Indian companies included. “When we started, we did not imagine this would happen,” Rajesh Exports Chairman Rajesh Mehta told the Nikkei Asian Review. “We definitely set a target to be one of the most respected companies in the world in this product line. We knew that with clean and clear efforts we should be able to grow.”
