Founded in 1994, RSBL is proud of holding the largest variety of bullions and coins across India. During the year, 2013, Around 100 officers from the income tax (I-T) department raided 56 locations of RiddiSiddhi Bullions Ltd (RSBL), over hawala links and examined documents related to the company's import and export of bullion. I-T also investigated the company's alleged link with betting on the Indian Premier League (IPL).
This sweep was conducted as routine I-T survey, which had no connections with the IPL, hawala links or bogus import-export of precious metals at all. This survey had been done across various companies in Mumbai and not only at RSBL.
Furthermore, RSBL company is extending full co-operation with I-T officials and presented legal proofs of their import-export transactions which were approved and accepted by the Court. RSBL specialises in bars and coins in popular precious metals such as gold, silver and platinum. The company primarily focuses online sales of coins and delivers to customers' doorsteps.
Its bullion sales through e-commerce - RSBL Spot - through over 2,500 locations covering almost all
cities and major towns across the country has been very popular among jewellery manufacturers and
retailers for competitive pricing and prompt delivery. Individual consumers have also opted for online gold coins purchase from RSBL Spot.
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