About Us
"The mission of RiddiSiddhi Bullions Ltd. is to exceed customers' expectations by providing outstanding customer care through innovations created by talented, satisfied employees while positively contributing to our society."
- Prithviraj Kothari (Managing Director)
With great pleasure and gratitude, I would like to welcome you to the RSBL website. These are exciting yet challenging times at RSBL and I hope our portal creates an opportunity for our valued visitors around the local and international market to learn more about our leading-edge operations, business frameworks, conducive strategies, products and services, sustainability initiatives, and ethical values. This website is part of the external manifestation of our commitment to transparency and open communications to all our stakeholders as well as to the wider public interested in our activities
A business is not successful if it is only committed to profit. It has to be an activity which creates prosperity and wellbeing for all those who are connected with it directly or indirectly. Profit is only a by-product reflecting how well we are carrying out the business activity. The mission of RiddiSiddhi Bullions Ltd. is to exceed customers’ expectations by providing outstanding customer care through innovations created by talented, satisfied employees while positively contributing to our society.
We believe that our customers’ satisfaction and thus their loyalty is our success. Our overall business attitude is shaped by our overall value care. We understand that, on the long-time run, success in business can only be achieved, if a company takes adequate care of all stakeholders in the value chain, namely employees, customers, shareholders and the society.
RSBL is an emerging success story that would not be possible without the contribution of our customers and dedicated employees who have shared our incredible journey thus far. We look forward to continuing to serve and engage with them as well as other stakeholders in the future.
Thank you for taking the time to visit our website and I wholeheartedly welcome any constructive feedback you may have.
At RSBL, innovation is at the core of its operations, products and services.
RSBL has been entrusted with the following innovations to its credit:
World’s first ‘paper gold’ (ETF)
The world’s first security based, gold back product was conceived in RSBL’s office along with Benchmark Asset Management Company. RSBL was instrumental in devising strategies related to its issuance of gold units, redemption, physical delivery, etc. Between its filing with the regulators and its eventual launch, it took over five years. During this period, gold ETFs were launched in countries including Australia and USA.
India’s Most Successful Spot Platform for Bullion
RSBL SPOT is arguably the first spot physical platform for gold and silver in India. It is also the most successful and its prices are benchmark. The fact that prices are transparent for all jewellers, two-way and instant makes it stand out. A revolutionary initiative taken by RSBL in 2008 which is still a contributor in evolving of market and market scenario.
Gold & Silver investments in micro size
RSBL was instrumental in advising and supporting Bullion India, the world’s first micro gold and silver investment, accumulation and delivery platform. With investments in gold – as low as Rs 300 or 0.1 gram and Rs 50 in silver or 1 gram, it is the most convenient and easy way of buying gold and silver.
India’s First Gold & Silver Futures Contracts
RSBL was instrumental in devising of the ideal gold and silver contracts on futures exchanges in India. As an advisor, RSBL’s recommendation of delivery based (seller’s option) settlement, evening session trading during US market hours, alternative month trading cycle on lines with international markets and internet-based trading were the key suggestions that made all the difference between the success and failure of gold contracts.
India’s first structured financial gold product
RSBL’s ‘Optionally Convertible Debentures (OCDs)’ was another innovative product, which gave returns to its investors by taking advantage of the price differences between gold spot/forward and futures prices of the commodity. Returns ranged between 2-3% per month.
Idle Gold as an income earner
RSBL’s Bullion ++ is an innovation that helps customers lend and borrow gold bars in the professional markets. Idle gold is put to use in the most efficient manner.
RSBL started off in a small 200 sq. ft. single office space and now operates across various cities. RSBL’s journey has been a case study in itself.
Although the company started its operations in the 1990’s, its promoters, Mr. Bhawarlal Kothari and Mr. Prithviraj Kothari were already in the gold business for over 10 years then. And over the years have tremendously contributed to the industry.
Over the period of 2 decades RSBL from being small trading firm to becoming the most trustworthy bullion company has achieved various milestones.
Our Principles
We believe that Principles are more basic than policy and objectives, and are meant to govern both and hence we constantly strive towards accomplishing these principles.
Contribution to Society
We have recognised social responsibility as a part of foundation of our business, realising that the impact of such endeavours can have life-changing consequences for recipients of aid and, it equally instill a sense of pride in the people who support and work toward making those provisions and helped in its growth.
Adaptability
We at RSBL believe that ‘change is the only constant’ and we are always willing to adapt as an organisation to any healthy and strategic change for a successful future.
Co-operations and Team-Spirit
We believe team work leverages our individual strength and helps each individual in achieving his/her goal by being committed and co-operative.
Trust and honesty
Integrity has to be the heart of every single transaction. A framework of trust enables the smooth and transparent conduct of all business operations and is the backbone on which the institutions can be built.
Innovation
Innovation takes place at RSBL from root levels with the intention of delivering a better product/service to the customers.
Our Philosophy
We, at RSBL, strongly believe in nurturing and evolving the corporate principle and philosophies to build healthy individuals; if everyone is moving together then success takes care of itself.
2009
Best Bullion Dealer : RSBL had also been bestowed with ‘Best Bullion Dealer’ award for the year 2009 by Bombay Bullion Association.2010
Golden Arm Award : RSBL has received ‘Golden Arm Award’ from MCX for highest volumes of gold delivery given and taken on MCX since inception.
EPCES Export Awards : RSBL received the prestigious ‘EPCES Export Awards’ for outstanding export performance during the year 2009-10 from the Category-II Product Specific SEZ-Other than MSME in the category Gems & Jewellery.2012
Outstanding contribution towards social and religious activities of the decade : Mr. Prithviraj Kothari conferred with Prestigious Award ‘Outstanding contribution towards social and religious activities of the decade’ at Bombay Bullion Association 6th Award Ceremony.
Jain Ratna Award : In 2012, Mr. Prithviraj was honoured with the ‘Jain Ratna Award’ by Honourable Chief Minister of Maharashtra Mr. Prithviraj Chauhan for contributing remarkably towards the well-being and Upbringing of the Jain fraternity.
Samaj Ratna Sanman Awards : Mr. Prithviraj Kothari was honoured with the ‘Samaj Ratna Sanman Award’ for his social Work.2013
Bullion King of India : Mr. Prithviraj Kothari was awarded with the ”Bullion King of India’ award at Bullion Federation Global Convention in 2013.2014
Navbharat Times Udan Award : Mr. Prithviraj Kothari was rewarded with ‘Navbharat Times Udan Award’ for outstanding contribution in the development of Gold industry in 2014.2015
Best Bullion Dealer : RSBL was presented with the ‘Best Bullion Dealer’ award for the year 2015 by Bombay Bullion Association.
Jain Ratna Award : Mr. Prithviraj Kothari was honoured with the ‘Jain Ratna Award’ by Honourable President of India, Smt. Pratibhadevi Patil for contributing remarkably towards the well-being and upbringing of the Jain fraternity.2016
Best Bullion Dealer : RSBL was bestowed with ‘Best Bullion Dealer’ award for the year 2016 at India International Gold Conventional 2016.2017
Top Zonal Flipstar of the year : RSBL was conferred with the greatest honour “Top Zonal Flipstar of the year 2017” Award by India’s biggest e-commerce company – Flipkart for its outstanding performance during the Big Billion Day Event.
RSBL DMCC
RiddiSiddhi Bullions DMCC is an international subsidiary of RSBL which operates from Dubai. It is a strong regional player in bullion and diamonds.
RSBL HK
RiddiSiddhi Bullions HK Limited is another subsidiary which operates for the East Asian Market. The purpose of this office is to strengthen its presence across that part of the world due to increasing demand from China, Indonesia, Malaysia, Cambodia, Thailand, etc.