Parekh Platinum (PAREKHPL) is engaged in the field of precious metals, chemicals, metallurgical technologies and jewelry. It was incorporated as a private limited company on Jul. 05, 1982 and converted into a public limited company on Aug. 24, 1992.
Operating through its divisions of jewelry, industrial and semiprecious products, the company is counted among Asia`s biggest integrated jewelry manufacturers and amongst the six largest gold jewelry plants worldwide. It serves as a reliable source for all the needs of precious metal like gold, silver and platinum. Industrial products include primary metals, catalysts, chemicals and engineering products of precious metals. Precious metals in various forms including bars, ingots, powder, and sponge with purity of over 99.9% are offered.
A wide range of precious metal chemicals for gold, platinum, palladium, rhodium, ruthenium, iridium, and silver is manufactured by the company. It has a very strong foothold in refining and reprocessing of industrial products of platinum group metals, silver and gold. A number of supported precious metal catalysts for hydrogenation, dehydrogenation, oxidation, isomerization are supplied to various petrochemicals, organic chemicals, pharmaceuticals and dyes industries. Engineering products such as wires, bars, rods, anodes, perforated sheets, strips, foils, tubes, discs, lids, gauzes, thermocouple wires, contacts and many more custom-made articles of silver, gold, platinum, palladium, rhodium, iridium and their alloys are also provided. Semi-finished items in different colors and cartages used in the manufacture of finished jewelry are offered. State-of-the-art manufacturing facilities are located at Mumbai and in the Gandhinagar district of Gujarat.
Technical collaborations with leading American and European precious metal manufacturers such as Argor Heraeus - South Africa, LeaRonal PLC - United Kingdom, Clal - France, Silmet - Israel, Gemini Industries - USA and others have helped the company in areas such as gold refinery, pre-alloys, carat gold jewelry, bispin gauzes, knitted gauzes, refining and recovery from spent petroleum and petrochemical catalysts, gold potassium cyanide, refining and recovery of platinum group metals, silver powders and precious metals powders and pastes.
The registered office is at 16B, Samhita Industrial Estate, Off Andheri-Kurla Road, Safed Pool, Mumbai-400072.
Parekh Platinum registered a net profit of Rs 28.18 million for the quarter ended September 2008.
It recorded a net sales of Rs 29.64 million for the quarter ended September 2008.
Total income was Rs 75.54 million for the quarter ended September 2008.
The earnings per share (EPS) of the company stood at Rs 0.47 for the quarter ended September 2008.