MMTC-PAMP celebrates a strong debut in the Top 100 of the Fortune 500 India List – ThePrint
New Delhi [India]December 20 (ANI / NewsVoir): MMTC-PAMP, India’s only fully integrated gold and silver ecosystem, announced its entry into the prestigious Fortune 500 India list, which ranks India’s top-selling companies.
It marks the brand’s debut on the index, first introduced by Fortune India in 2010. 21,204 Cr in FY21, MMTC-PAMP ranks 68th in the index, the highest among the newcomers to the list.
On that occasion, Vikas Singh, MD & CEO, MMTC-PAMP said, “As India’s largest refinery for both gold and silver, we are honored to be featured at the top of all debutants on the latest Fortune 500 India List. We have the capacity to meet approximately 30% of India’s gold needs and have built a robust B2C business over the past two years selling 24,000, 999.9 purest gold coins and bars, premium silver products and digital gold , an innovative new age investment tool, directly to consumers.
“By buying back gold jewelry and refining old gold, we have created a strong mechanism that can recycle the large deposits of old gold that are idle in Indian households. Our debut on the Fortune 500 in difficult market conditions is testament to our efforts to maintain the highest standards of quality, purity, business ethics, and other aspects of our business. It also underscores our customers’ trust in our products and their appreciation for the brand’s relentless focus on customer focus. The company value for FY21 is the strongest indicator of the trust of millions of customers in MMTC-PAMP, ”said Singh.
With customer orientation in focus, MMTC-PAMP was founded in 2008 as a joint venture between MMTC Ltd., a Govt. of the Indian company and the Swiss-based precious metal brand MKS PAMP. MMTC-PAMP continuously uses innovation and technology to offer its customers first-class products.
MMTC-PAMP India Pvt. Ltd. has created India’s largest integrated ecosystem for precious metals in the past decade. We are the only good delivery refinery in India that is simultaneously accredited by the London Bullion Market Association (LBMA) and the India Good Delivery Standard.
Our offerings (bars, cast bars, minted coins, etc.) are featured throughout the precious metals value chain, while our services such as refining, gold accumulation plan (digital gold), gold buyback, hallmarking, etc. can be compared to the best in global standards. We pride ourselves on being one of the largest refineries in Asia, importing gold and silver ore from over 20 mines worldwide. We have received multiple awards from local and global industry bodies since our inception for the transparency and sustainability that we have consistently upheld in our sourcing, refining and supplying precious metals to the Indian market.
The company is one of the pioneers in the Indian precious metals market and is now India’s largest gold refiner and processor with an annual refining capacity of more than 300 tons of gold and 600 tons of silver. A world class team is building a culture of innovation and new age products like digital gold that has democratized investing in gold as people can start investing in the yellow metal as low as Rs. 1 directly from your smartphone.
MMTC-PAMP started its own digital direct customer channel shop.mmtcpamp.com to sell 24K, 999.9 purest gold and 999.9 purest silver coins and bars directly to customers. This is in addition to the 12 purity testing centers the brand operates across India to sell minted gold and silver products and buy back scrap gold. The brand remains an integral partner of the Government of India’s gold monetization program.
This story is provided by NewsVoir. ANI assumes no responsibility for the content of this article. (ANI / NewsVoir)
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