Rajesh Mehta completed his schooling at Bengaluru's St Joseph school and wanted to be a doctor. But, then he joined his father, Jasvantrai Mehta's jewellery business. To grow the business, Rajesh Mehta secured a loan of Rs 10000.
People sometimes, despite hailing from a simple background and leading a struggling life, manage to make something big out of their lives. The same happened with a gold merchant who belonged to a simple Gujarati family. This man used to sell silver in the streets and markets during his struggling days. But, one day his hard work paid off and this man started supplying gold jewellery to the world.
We are talking about Rajesh Mehta, owner and executive chairman of the jewelry company Rajesh Exports, who started his business with Rs 10000 and now owns a company worth Rs 9200 crore.
Rajesh Mehta has a lot of influence in the international gold market. The world's prestigious magazine Forbes included him in the list of the world's top 100 richest people. Rajesh Mehta is considered to be the owner of the world's largest gold factory.
Rajesh Mehta completed his schooling at Bengaluru's St Joseph school and wanted to be a doctor. But, then he joined his father, Jasvantrai Mehta's jewellery business.
To grow the business, Rajesh Mehta secured a loan of Rs 8,000 from the bank, with an additional Rs 2,000 contributed by his brother. Initially, he concentrated on buying jewellery from Chennai and selling it in Rajkot, Gujarat.
The silver jewelry business became successful, and Rajesh Mehta moved into gold jewelry in 1989. He founded Rajesh Exports. He started a manufacturing unit in his garage and exported gold jewelry to the UK, Dubai, Oman, Kuwait, the US, and Europe.
Rajesh Mehta then opened a standalone retail store called ‘Shubh Jewellers’. There are 81 Shubh stores in Karnataka. Rajesh Exports, in 2015, then acquired Valcambi, the world’s largest gold refining facility, based in Switzerland.
It can produce 400 tons of small-sized gold bars and 500 tons of kilo bars every year, all certified by the London Bullion Market Association (LBMA).
Rajesh Mehta's company Rajesh Exports is listed in the stock market, whose market capitalisation reportedly is 9200 crores. Apart from gold refineries in Switzerland and India, he also owns many jewelry stores.
The company's revenue in 2021 was Rs 2.58 lakh crore. In 2019, Forbes estimated Rajesh Mehta's net worth to be Rs 13091 crore at today's exchange rates.
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 "Borrowed Rs 2000 from brother, took loan of Rs 8000 from bank, sold jewelry in streets, is now India's largest..")
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