Speaking on the occasion, Mr Vikas Singh, MD & CEO, MMTC-PAMP said,
“As India’s largest refinery for both gold and silver, we are humbled to be ranked highest among all debutants in the latest Fortune 500 India List. We have the capacity to fulfill about 30% of India’s requirement for gold, and in the last two years have set up a robust b2c business where we sell 24K, 999.9 purest gold coins and bars, premium silver products, and digital gold, an innovative new age investment instrument, direct to consumers.”
” With the gold jewelry buyback, and old gold refining business we have set up a strong mechanism which can recycle the large deposit of old gold which lies idle in Indian households. Our debut in the Fortune 500 rankings in tough market conditions stands testament to our efforts towards ensuring the highest standards in quality, purity, corporate ethics and other aspects of our operations. It also underlines the faith our customers have on our products and their recognition of the brand’s relentless focus on customer centricity. The enterprise value for FY21 is the strongest indicator of millions of customers’ trust in MMTC-PAMP,” he added.
With customer-centricity at its core, MMTC-PAMP was established in 2008 as a joint venture between MMTC Ltd., a government of India undertaking, and Switzerland based bullion brand MKS PAMP. The company is one of the leading players in the Indian precious metal market and is today India’s largest gold refiner and fabricator with an annual refining capacity of more than 300 tonnes of gold and 600 tonnes of silver.