Kundan Group

From Bharatpedia, an open encyclopedia


Kundan Group was established in 1971 and is headquartered in New Delhi, India. The company has a multi-business portfolio inclusive of gold refinery, cosmetics, chemicals, polymers, agro-commodities, precious metals, petroleum products, energy, and the import of bullion and pharmaceutical items.

History[edit]

Pradeep Garg is the founder and the chairman of Kundan Group. He founded the company as a small scale unit and expanded it into a multi-faceted business in over four decades. The board of directors includes Udit Garg, Vidit Garg, and Deepak Gupta.[1]

In 1990, Kundan Group became accredited as the first star export house in India. It became the Direct Clearing member of National Commodities and Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX). It was recognized as the Premier Trading House, the highest accreditation by the Government of India in 2009. Five years later, in 2014, it became recognized as the largest private gold refinery in India, followed by a National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation for its Gold refinery testing lab.[2]

Kundan Group headquarter is in New Delhi, India. With a reported turnover of 4 billion USD, it is recognized as a Four Star Trading House by the Government of India, and it is an ISO 9001 certified company.[3] [4]

Companies[edit]

Kundan Group is the umbrella company that operates various other companies:

Gold Refinery[edit]

Established in 2011, it is the largest private sector gold refinery in India. The company mines and produces gold and silver bullion through globally adopted refining technologies, inclusive of testing methods such as precise assay, fire assay, and XRF machine analysis. The gold refinery has NABL accreditation and BIS Hallmark.[5][6] In 2020, Kundan Gold Refinery's gold bars were accepted for delivery on the National Stock Exchange (NSE) platform.[7][8]

Minting[edit]

The refinery is engaged in refining, designing, and manufacturing of precious metals in the form of coins and bars with purity up to 99.99%. It is the largest private gold refinery in India;[9] it is accredited with National Accreditation Board for Testing and Calibration Laboratories (NABL) and with BIS Hallmark to ensure 100% authenticity to coins and bars.[10][11]

Alainne[edit]

Kundan Group started the Alainne brand in early 2010s, and the products are available on both online and offline retail channels like Flipkart, Amazon, and Paytm. Bollywood actress Tisca Chopra is the brand ambassador of one of their product line, Alainne room fresheners.[12][13]

Rice Mills[edit]

Established in 1971, Kundan Rice is one of the oldest rice miller and exporter of basmati rice in over 35 countries. The company exports to the major seaports in Europe, Middle East, Africa, and America, and has three rice mills in Panipat, India. The milling capacity is of 20 tons per hour.[14][15][16]

Zeya[edit]

In 2019, Kundan Group collaborated with Swarovski to launch Zeya by Kundan, a jewelry brand selling handcrafted gold jewelry made with cubic Zircona from Swarovski.[17][18]

Kundan Group is also involved in energy, precious metal minting, beauty and personal care, petrochemicals, bullion, and timber verticals.

Awards[edit]

  • Promising Bullion Refinery of the Year Award (2015) by Indian International Gold Convention[19]
  • Promising Non PSU Nominated Agency (2016) by Indian International Gold Convention[20]
  • Promising Gold Refiner of the Year (2017) by Indian International Gold Convention[21]
  • Best Refiner & Leading Bullion Award (2018) by India International Gold Convention[22][23]
  • Best Bullion Dealer Gold Award (2019) by India Bullion and Jewellers Association Ltd.[24]
  • Best Refiner and Leading Bullion Seller Award (2019) by Indian International Gold Convention[25]
  • Best Refiner (Privately Owned) of the Year (2018 & 2019) by Indian International Gold Convention[26][27]

References[edit]

  1. ↑ ANI (2019-03-18). "Kundan Gold Refinery bags best Bullion Dealer Gold Award 2019". Business Standard India. Retrieved 2019-08-20.
  2. ↑ "One year of GST: How these honchos benefitted; explained, in their own words". Zee Business. 2018-07-03. Retrieved 2019-01-15.
  3. ↑ "Kundan Group". www.worldofchemicals.com. Retrieved 2019-01-15.
  4. ↑ "कुंदन ग्रुप को मिलेगा ऋषि गंगा पावर प्रोजैक्ट का कंट्रोल". punjabkesari. 2018-11-17. Retrieved 2019-01-15.
  5. ↑ BW (2020-08-31). "Kundan Gold Refinery's Gold Bars To Be Accepted For Delivery On NSE Platform". BusinessWorld. Retrieved 2020-08-31.
  6. ↑ "NSE to accept locally-refined gold bars for delivery on its platform". The Hindu. 2020-08-31. Retrieved 2020-08-31.
  7. ↑ "NSE to accept locally-refined gold bars for delivery on its platform". The Hindu. Special Correspondent. 2020-08-31. ISSN 0971-751X. Retrieved 2021-01-11.{{cite news}}: CS1 maint: others (link)
  8. ↑ ANI. "Kundan Gold Refinery's gold bars to be accepted for delivery on NSE platform". BW Businessworld. Retrieved 2021-01-11.
  9. ↑ ANI (2019-03-18). "Kundan Gold Refinery bags best Bullion Dealer Gold Award 2019". Business Standard India. Retrieved 2021-01-11.
  10. ↑ NABL
  11. ↑ Bureau, Our Regional (2005-11-18). "Kundan Care expands bodycare product base". Business Standard India. Retrieved 2019-01-15.
  12. ↑ ANI (2019-09-25). "Tisca Chopra roped in as the face for Alainne room freshener". Business Standard India. Retrieved 2021-01-11.
  13. ↑ "Tisca Chopra roped in as the face for Alainne room freshener". ANI News. Retrieved 2021-01-11.
  14. ↑ "Riddhi Siddhi Bullion slapped with Rs100 crore fine, DGFT cancels import licence too". Moneylife NEWS & VIEWS. Retrieved 2019-01-15.
  15. ↑ "Which companies profiteered from UPA's 80:20 scheme? CAG report bares all". Moneycontrol. Retrieved 2019-01-15.
  16. ↑ "The Island - Business". www.island.lk. Retrieved 2019-01-15.
  17. ↑ "Kundan Gold Refinery forays into jewellery segment; invests Rs 60 cr". Business Standard India. Press Trust of India. 2019-03-05. Retrieved 2019-10-24.
  18. ↑ Gemstones, Swarovski. "Zeya by Kundan, a new Branding Partner on Track for Success - Swarovski Gemstones and Zirconia". www.swarovski-gemstones.com. Retrieved 2019-10-24.
  19. ↑ "India International Gold Convention". goldconvention.in. Retrieved 2019-01-15.
  20. ↑ IIGC - 2016
  21. ↑ Gold Convention - IIGC Awards 2017
  22. ↑ "Kundan Gold Refinery Receives Best Refiner And Leading Bullion Award At 15th IIGC | News World India". www.newsworldindia.in. Retrieved 2019-01-15.
  23. ↑ "Kundan Gold Refinery Receives Best Refiner And Leading Bullion Awards At 15th IIGC - News World". DailyHunt. Retrieved 2019-01-15.
  24. ↑ ANI (2019-03-18). "Kundan Gold Refinery bags best Bullion Dealer Gold Award 2019". Business Standard India. Retrieved 2019-04-29.
  25. ↑ ANI (2019-08-09). "Kundan Gold Refinery awarded with Best Refiner and Leading Bullion Seller Awards at IIGC 2019". Business Standard India. Retrieved 2019-10-24.
  26. ↑ "Kundan Gold Refinery awarded with Best Refiner and Leading Bullion Seller Awards at IIGC 2019". ANI News. Retrieved 2021-01-11.
  27. ↑ ANI (2019-08-09). "Kundan Gold Refinery awarded with Best Refiner and Leading Bullion Seller Awards at IIGC 2019". Business Standard India. Retrieved 2021-01-11.

External links[edit]

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