Prithviraj Kothari is appointed as National President of India Bullion And Jewellers Association (IBJA) in place of Mohit Bharatiya for the next five years.
CA Surendra Mehta has been appointed as National Secretary and Ketan Kothari as Joint Secretary. Sanjay Jain becomes Treasurer and Nimesh Choksi as Joint Treasurer.
As one of the promoters, Prithviraj has brought Riddi Siddhi Bullions Limited to top 10 unlisted public companies in India in terms of sales turnover as per BS 1000.
Kothari had served as the President of the Bombay Bullion Association. As a president, he promoted Bombay Bullion Association in the international markets.
He has contributed in the introduction of gold ETFs in India. Under his vision, RSBL has successfully launched India’s electronic over the counter bullion trading system, RSBL spot.
Kothari is one of the founding members and directors of the Jain International Trade Organisation (JITO).
IBJA has worked for pan India operations having offices in 27 states. It is an adviser to MCX, NSE for spot exchange and signed MoU with BSE for the same.
IBJA has been included in Niti Aayog for transformation of gold market. It is co-convenor for domestic gold council. RBI recognises its rates for lending against jewellery. Ministry of Finance has approved IBJA rate for sovereign gold bond.