Rajesh Mehta's jewellery brands wind down as Sebi probe ensnares Rajesh Exports

Shubh, Laabh and Oyzterbay have shuttered amid Sebi's investigation into Rajesh Exports, while a Rs 24,000 crore Telangana AMOLED display project has stalled. Mehta is retreating to gold refining and trading, marking a sharp reversal for what was once a $24 billion jewellery empire.

— Source publishedFri, 5 Jun, 2026, 02:22 IST·First seen Fri, 5 Jun, 2026, 02:38 IST·Source Times of India · Business

What happened

Rajesh Mehta's jewellery retail brands Shubh, Laabh and Oyzterbay have wound down amid Sebi investigations into Rajesh Exports. His Rs 24,000 crore Telangana

Key facts

  • $400 million
  • $24 billion
  • Rs 24,000 crore
  • 300 employees
  • 10-acre

Why this matters

Distressed jewellery brand assets and a stalled AMOLED project may surface as acquisition or partnership opportunities as Mehta narrows focus to gold refining.