To be the Global Leader in bullion market
To maximize the wealth generating capability of the firm in the competitive environment
"Anyone can count the seeds in an apple, only a visionary can count all the apples in one seed," and truly so when Suresh Kumar Jain, Raja and Chinababu joined hands in the year 1998 to start the Visakha Bullion Corporation (VBC) at Visakhapatnam in Andhara Pradesh.
Aged and matured in the wisdom of tradition and experience, portraying trust in the market, accountability in operations, reliability in service and transparent & honest dealings with customer, the VBC took to a flying start and has since been scaling newer untouched heights. With a turnover of nearly 1 tonne its maiden year to over 40 tonnes in just over a decade is undisputed of its unparalleled success.
Commencing operations in Visakhapatnam, VBC had opened branch in Vijayawada in the same year. Three more branches by the year 2011 at Rajahmundry, Nellore and Secunderabad which have all been synonymous to Bullion in these cities and made SVBC GOLD a market leader.
With its commitment to be the best and zeal to operate nationally, the VBC had been renamed Sri Visakha Bullion Corporation, later it was rechristened as ‘SVBC GOLD’ in the year 2011. The SVBC GOLD merits such by drawing ambitious plans of opening more branches in future.
In 1960, Sri Ghewar Chand Jain started the business in Nellore by opening Ghewar Jewellers for wholesale jewellery and after 15 years moved to Visakhapatnam in 1975 and setup the ‘Jain Jewellers’ at Kurupam Market.
With this background of three generations of tradition and trade knowledge and the principle 'Market Respect through Honesty', Mr.Suresh Kumar Jain entered the family business in 1980, later his two younger brothers Mr. Mahendra Kumar Jain and Mr. Ranjit Kumar Jain also joined him and steadily moved forward in learning and gaining success. In 1992, the first step to expansion began with setting-up of ‘Hira Panna’ at Dwaraka Nagar and in 2006, the ‘Sanghvi Jewellers’ at Rama Talkies. Sanghvi with dedicated floor space of 2500sft each for Diamonds, Silver & Gold has truly become one among the top three jewellery showrooms in the city.
Mr. Suresh Kumar Jain took further strides and was appointed in 1997 as Certified Official Gold Valuer and he has acquired keen interest in the bullion trade which led to starting of the SVBC GOLD as a Founder Partner in 1998.
He is a member of the Indian Bullion and Market Association (IBMA) and deals in both the MCX and COMEX markets. He is also a member of Gems & Jewelry Trade Federation (GJT) and Treasurer to the Vizag Jewelery Association.
Mr. Suresh Kumar Jain is also a Philanthropist and the force behind the Mahavir International Charitable Trust — Visakhapatnam.
In 1890, Sri Manchukonda Kodanda Ramaiah started jewellery business in old town area of Visakhapatnam. The business was succeeded by Sri M.Appalaraju and later Sri M.V. Singaraiah. This business was taken over by Mr. M.Y. Subramanyam (Raja) in 1982, after completion of his education.
M Y Subramanyam lovingly called Raja, along with his brother M A Sri Ranga moved this business from old town to Rama Talkies Road and started it with the name and style of “MVS JEWEL PARK”.
Having been in a business family and that too in a family with Bullion Trading as business, Mr. Raja got the exposure from a very early age. Through his interaction with his grandfather and his father, he acquired all the knowledge and technique required to be in the Bullion Business.
Today MVS JEWEL PARK is one of the most trusted gold Jewellery show rooms in Visakhapatnam.
With over 30 years of experience and his strong beliefs of meticulous market analysis, reliability of service and quality customer care as the procure in bullion trade; Mr. Raja partnered VBC in the year 1998.
He is a member of the Indian Bullion and Market Association (IBMA) and deals in both the MCX and COMEX Markets.
With humble beginning Mr. Chinababu is a first generation entrepreneur in the Bullion trade with market understanding since 1985. Experiencing every activity in gold trading, he has gained all the required skills and knowledge from the best teacher ‘Success’ and has used it shrewdly to build more.As a scrutinizer, he analyses and forecasts future trends. One can definitely say that when it comes to gold, he and technical analysis always go together, which is evident in the market confidence that he commands in the fact that most of the traders in AP transact in gold on the screen rates fixed by him in SVBC GOLD.
The growth story of Mr. Chinababu may be seen in the mirror of success of SVBC GOLD since 1998. His vision and foresight coupled with sheer hard work and dedication has truly given him the Midas touch.