RSBL: Leading the bullion juggernaut in India

The bullion market in India is an index that signifies the economic growth of the country. It indicates the amount of wealth the country possesses. Valued by its purity and mass, bullion is the bulk quantity of precious metals comprising gold, silver and platinum that can be assessed by weight and cast as a lump.

India is one of the biggest consumers of gold in the world. People in India buy gold not only for ornamental purpose but also as an investment option. In fact, investment in gold has always been a source of profits to everyone in the long term. People are always willing to invest in gold bullion.

RiddiSiddhi Bullions Limited (RSBL) is a leading company in India which deals in bullion, specialising in bars and coins of various precious metals like gold, silver and platinum. Being a company which facilitates investment in precious metals, RSBL endeavours to combine its technical and market experience with hard work and dedication to provide people the ability to make informed investment decisions.

RiddiSiddhi Bullions Limited  (RSBL) holds the largest variety of bullions and coins across India. The company’s commitment to excellence in customer service is evident in all facets of its business. RSBL's success is based on customer trust and respect backed by its highly valued staff and best quality products with modern trading mechanisms.

In a short period of time, RiddiSiddhi BullionsLimited (RSBL) has managed to become one of the leading players in the bullion industry. It has been among the market leaders in providing wholesale and retail level bullion delivery in the spot markets in India. Today, RSBL is India’s largest bullion trading company with a credit rating of SME 1 from CRISIL Ltd – the highest rating on the SME rating scale.

RiddiSiddhi Bullions Limited (RSBL) has successfully launched various products on the back of its expertise, brand equity and vast experience in the market. The company’s flagship product ‘RSBL SPOT’ is India’s first fully electronic over-the-counter (OTC) delivery based bullion-trading system and arguably the most successful in the world. It has more than 3000 online clients and numerous delivery centres across India. Over 90% of its bullion sale takes place through RSBL Spot.

As an extension to RSBL SPOT, RSBL has introduced an eCoins system – ‘RSBL eCoins’. This is a B2B system, wherein which one can buy or sell gold and platinum coins/bars as per competitive market price in Indian rupees. It has created new inroads in online distribution and pricing system for coins in India. This is one of the fastest growing products in the company’s portfolio.

RiddiSiddhi Bullions Limited (RSBL) also continues to run its successful classic model of retail coin distribution and it is a leader in that via ‘RSBL Coins’ - Pure Gold, Silver & Platinum Coins/Bars. Available in different shapes and sizes to meet individual requirements, these coins can also be customised to meet gifting/corporate requirements.

RSBL's ‘Optionally Convertible Debentures (OCDs)’ is a innovative product, which takes advantage of the price differences between gold spot/forward and futures prices of the commodity. The product has consistently provided investors with a return of over 15% per annum since its launch in 2007.

RSBL’s 'Bullion++' is another revolutionary product that provides investors with an opportunity to earn dual income: from an anticipated price appreciation and from lending income. Furthermore, investors need not worry about purity, storage charges, theft and insurance hassles. Investors can also choose non-lease model where the bullion is just stored.

Prithviraj Kothari, Director of RSBL, can be credited for the development of the gold, silver and bullion industry in India. Known as Bullion Man in the bullion market in India, Prithviraj Kothari has played a vital role in the introduction of gold ETFs in India. Under his vision, RSBL has successfully launched India's first and only electronic over the counter bullion trading system, RSBL SPOT.

Under his direction, RSBL has consistently been ranked amongst the top 10 unlisted public companies in India by Business Standard 1000.

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. 

Riddhi Siddhi Bullion Association’s Prithviraj Kothari invited as Director by Bombay Bullion Association.

Happy endings are made of these. With Prithviraj Kothari, of Riddhi Siddhi Bullion Association advised to pull out all pending cases from court and commending the association for increase in membership; happy days seem to be here again. The Bombay Bullion Association has invited UT Jhaveri’s Kumar Jain and Prithviraj Kothari of Riddhi Siddhi Bullion Association as Directors and twelve others: Narsih Chenaji, Ashok Jain, Bullion's Chandrakant Patel, Shrigar Mangalsutra's Chetan Tungareshwar, G.M Golden's Ganesh Mathuria, Jugraj Kantilal's Jitendra Punmiya, Penta Gold's Ketan Shroff, Sangam Chain's Raman Solanki, Suvarna Sarita Jweller's Mahendra Choradia, Shilpi Jweller's Pramod Mehta, Suvarna Shilpi Chain's Prafull Ranavat, Palak Jweller's Shailesh Daga, and V Group's Vinod Jain. On a happy note, the association’s media co-ordinator, Kumar Jain, stated that the association can efficiently handle its activities.