Wednesday, September 11, 2013
Prithviraj Kothari - The Bullion King of India
RiddiSiddhiBullions Limited (RSBL), the largest dealers in bullions, specializing in coins and bars of precious metals like Gold, Silver and Platinum. RSBL pledges to combine their technical and market expertise to deliver their customers to make informed investment decisions. RSBL's success is based on customer trust and respect backed by their highly valued staff and best quality products with most modern trading mechanisms. It is one of the oldest company providing bullion delivery in India on Wholesale and Retail basis. RiddiSiddhi Bullions Limited is spread across elaborate businesses. Continuous improvement stands to be their moto which has helped them us to meet the exacting requirements of their customers.
Established in the year 1994, the promoters of RiddiSiddhi Bullions Limited (RSBL) have a combined experience of 100 years. One of the well renowned promoters is Mr. PrithvirajKothari, the MD of RSBL. He is a renowned name in the bullion industry. He can be said as the developer of Bullion market in India.
Mr. PrithvirajKothari, a Marwadi, had started off his career in the early 80’s at his dad’s 180-square feet customs notified goods shop doing simple tasks of selling custom notified goods which is situated at Mumbai's Cursetji Shuklaji Street, the shop was among the few licensed agents that sold gold, Pashmina shawls, etc. which were seized by the customs. He has always been a very simple person until recently when he allowed himself a little taste of luxury. He pioneered RiddiSiddhi Bullion Limited (RSBL) in 1994, which is India’s top gold and silver trading company which sells gold and silver worth Rs 100 crore daily. Kothari began his bullion trade when Mumbai was ruled by Underworld who sold smuggled gold to small Marwadi jewellers. This usually led to raids which were a common feature at Zaveri Bazaar back then. This had pushed the trading business to dismal state but Mr. Prithviraj Kothari did not loose hope with all this happenings, he figured out an opportunity and tied up with the overseas bank to import gold which was then sold in India.
It should of great honor for Prithviraj Kothari to be consulted by the Indian government in helping them making the bullion market more organized. He is the person who pioneered INR trading in India. He is on advisory board of MCX and was a former president at Bombay Bullion Association. He had also been awarded with Jain Ratna Award in 2012 by the former president on India, Ms. Pratibha Patil and recently in 2013 by the Chief Minister of Maharastra, Mr. PrithvirajChauhan for his contribution and upbringing of Jain fraternity.