Rajesh Exports was established in 1990 as a partnership firm in the name of M/s Rajesh Exports comprising of 3 partners with the objective of manufacture and export of Gold Jewellery. The firm was reconstituted as a joint stock Company in 1995 and was registered as a Public Limited Company as Rajesh Exports Limited (REL) under part IX of the Companies Act, 1956 with the Registrar of Companies, Karnataka. REL established the first organized gold jewelry manufacturing facility in India in 1990. In the following year, it established India's first research and development (R&D) facility in the jewelry sector. In 1993-94 the Company resorted to a major change in its marketing orientation. The Company had till mid 1993 been exporting its …show more content…
In the same year, the company acquired the retail network of OyzterBay. In the following year, the company established retail stores under the brand 'Laabh Jewellers'. REL entered into a joint venture agreement with The Muthoot Pappachan Group to retail its products in South India in 2007. In the same year, the company launched retail jewelry store under the brand name, 'Shubh Jewellers'. In 2009, they consolidated “Shubh” and “Laabh” into one named as “Shubh” due to the slump in retail and strain of managing two separate entities. In 2010, the company launched seven SHUBH stores in Bangalore. The company launched jewelry service center under the brand name of 'SHUBH SERVICE CENTER' in 2011. In the same year, REL launched 25 Shubh showrooms in the state of Karnataka. In April 2012, REL launched 20 new SHUBH showrooms in the state of Karnataka. The company launched its 81st retail jewelry showroom in Karnataka under the brand name of SHUBH Jewellers at Chennagiri, in April 2013.
Financial Performance of Rajesh Exports
Rajesh Exports has fared exceptionally well financially with its total revenues increasing by 111% annually for the past 4 years. Similar is the case with net income which has shown close to 143% growth annually over the past 4 years (refer Exhibit 1). It has been able to cut down its cost and is reportedly the lowest cost gold jewellery manufacturer in the world.
introduced other international brands to India, Naqvi is familiar with what is required to ensure
It is a jewellery family run business which was started 200 years ago. . The eldest brother in the W Carter& Son family, Brain Holmes started the company with his brother after their father passed away in 1950’s. To keep the heritage of the name of the company ,the fa Brain’s grandfather took it from the family of Carter. They are now focusing on the clients base who are in Salisbury which is a English medieval city. The main business of the company is rings. It is because the brides mother and grandmother choose it from the same place. The company even not even changed their carpets and paints because they want to maintain the reputation in the company. Despite many availability of competitive priced products in the market, through various television sources and through internet they are still able to hold their business together. Many of the family business gets to the third generation. It always depends on the country and economy you are performing. There are many advantages and disadvantages for having a family owned business in
The data found on the web was used to investigate the many factors that enable us to penetrate this market and establish trade with India. Economic and political stability for example, is critical to trade between the countries involved. Other factors such as the product fit with the market and the market size were also critical to this project. Through hard statistics and facts, we were able to obtain enough information about the countries to make our import plan seem feasible.
In 1837, a man named Charles Lewis Tiffany founded the company Tiffany, but it was not until 1853 when the same man decided to rename the company Tiffany & Co. and make the switch from being a company that sold stationary objects, to a company that focused on the creation and distribution of luxury jewelry (Agrawal). Since the reconfiguration of the company, and over 150 years later, Tiffany & Co. has transformed from a regular retailor like the well-known Macys, JcPenney’s and Kohl’s, which all offer jewelry for sale, to a distinguished brand that is the leader of the specialty jewelry industry (Tiffany). The quest to becoming such an iconic brand, can be linked to the market structure in which Tiffany & Co. encompasses and how the company surpassed its competitors, maneuvered through the entry barriers, established market power and differentiated its standardized products to its consumers. However, before analyzing the market structure in which they reside one must understand all of the market structures.
In his stories Nineteen Eighty Four and Animal Farm, George Orwell referenced the use of propaganda, as well as its consequences. If one were to read those stories, the overall message that one would understand from them is this: propaganda can be dangerous. People use it to brainwash other people, to create paranoia, and to create prejudice. They use people’s fear or confusion to manipulate their thoughts. This can primarily be seen in use during war, for religious beliefs, and in politics.
Ajaya Tachajanta 2011 Sales strategy; Sales is treated as local operations since different markets would have different healthcare demands, structures, and regulations. GEMS focuses on the wholly-own direct sales where the market is large enough to support the infrastructure as to reduce the intermediary providing GEMS to fully enjoy the margin. Product differentiation is established on product itself and highly on the services. The value added service contract sales is focused with the move towards in-house service as GEMS’s superior technology contributing differentiation competitive advantage of GEMS over its competitors. Marketing strategy; Since the per capita income referring to the purchasing power, and demographics and the structure of the market itself referring to the products demanded varies across countries, thus the need of localizing marketing is important. GEMS tries to customize its products in respond to demand while GPC concept is still hold. The marketing of used product has been implemented as an option for low purchasing power clients which GEMS
Is the ease in which a new company can start into the retail jewellery industry. It is not difficult to start a jewellery store as the only requirements are start up capital and a premises. There are many small sole trader jewellery shops in New Zealand to attest to this. Therefore, the threat of new entrants is: HIGH
“Indian Fashion Jewellery consumer market is one of the fastest growing in the world & is larger than Europe & America put together”
The company was incorporated at Mumbai as a private limited company, with the Registrar of Companies, Maharashtra, under the Companies Act, 1956 as Bhaumik Ago Products Private Limited pursuant to a Certificate
Industry watchers were extremely skeptical of Tanishq and doubts were being cast over its prospects. Tanishq began by offering jewellery in the 18-carat gold range, with designs borrowed heavily from contemporary European brands. The company justified its decision saying that it wanted to be 'different' from the traditional Indian offerings. Tanishq was the largest overseas chain in US with 1,200 outlets. In the year 2000, exports contributed 10% to the company's turnover.
Why have the citizens of the United States never heard about a plan as to what would happen if there was a pandemic occurring in the U.S.? This may either be due to the fact that there is more than one plan in place by multiple government agencies such as the Centers of Medicare and Medicaid Services (CMS) and the National Governors Association (NGA) or the United States has not recently gone through a pandemic with a high mortality rate. The difference between a pandemic and an epidemic is that an epidemic is a disease or virus that spreads through a certain area in a country while a pandemic is a disease or virus that spreads through more than one country. In the last fifty years, there have been many different pandemics present in the U.S.
The story is about a company with distinctive brand and products that in just a few years had an extraordinary journey from local Danish jewellery to a world’s most recognized and loved jewellery brand with sales in more than 70 countries.
Business and society is two very important things in the world that we live in today. The way that the law fits in our businesses and our society, is also important. Laws are made to control out authority. The functions and the role of laws are to only maintain justice and keep the peace. Sadly not everyone feels the same way and they tend to break many of our laws.
Our exports have almost doubled during the last four years. The foreign exchange reserves have crossed US $ 200 billion which have given India a great financial strength. Our rupee has become very strong against the other international currencies- notably dollar, pound and euro.
Due to its low infrastructure cost, India has huge export potential. According to a recent report, India's chemical exports have the potential to raise upto US$ 300 billion by 2019. This clearly determines an investment of US$ 50 billion in the Indian chemical industry alone.