Rajesh looks for rapid expansion

Bangalore - Rajesh Exports, one of India's top jewellery makers and exporters, plans to open 300 retail stores in India over the next three years.

The firm currently has 25 retail outlets in the country, which it runs under the mass-level brand 'Shubh'.

"Within the next three years in India we are planning to open about 300 stores and by the end of this financial year we should be in a position to open 80-100 stores," Rajesh Mehta, chairman and managing director, told Reuters.

The firm plans to increase revenues from retail operations to 20-25 per cent of total revenues from the current 1.5 per cent.

Mehta also plans to set up retail operations overseas with showrooms in the Middle East, Far East, US and parts of Europe including the UK and France.