Spotlight on New Members: Ashoka Global DMCC

Shelly Ford

By Shelly Ford
Alchemist Editor and Digital Content Manager, LBMA

We welcome Ashoka Global DMCC as an Affiliate Member of LBMA

What were the reasons for you wanting to join LBMA and what do you see you see as the key benefits of membership?

Ashoka Global DMCC is an international bullion house and leading precious metal dealer with global reach. Now we are an Affiliate Member of the world’s only independent authority for precious metals, this ensures our organisation is a part of an internationally respected body and enables us to continue to meet global standards. We see the key benefits of joining LBMA as follows:

  • gain market insight and help shape future direction,
  • access to specialist knowledge, resources, and advice,
  • help raise standards and develop the market,
  • extend our global reach with knowledge and expertise.

Could you tell us about your company's role in the precious metals market?

Ashoka Global DMCC has major banks and reputed refineries in its portfolio. The precious metals market is a thriving industry and the company plays an important role in providing products of the highest standards to its customers. We have raised the bar, especially for the quality and service of our products. For pricing, we remain competitive and will continue to lead the market.

Please tell us the background and history of the company.

Mr. Monal Thakkar, pictured left, is the founder and Managing Director of Ashoka Global DMCC. He moved to Dubai, United Arab Emirates in 2015 with a vision to build a global precious metal company. Today, Ashoka Global is a leading importer and exporter of a range of bullion products. He has taken Ashoka Global from a small business handling a few 10 Tolas to a global company, with business in South-East Asia, Europe, and the USA.

What factors do you expect to impact your business in the short to long term?

“With great power comes great responsibility.” Precious metals are a multibillion-dollar industry and are required to comply with international standards and regulations. Several factors such as international sanctions, amendments in local and international laws, and taxation may impact the business in the coming future. While these factors are inevitable, they will only contribute to achieving the company’s vision to provide its customers with products of the highest standards.

What are your plans for the business in the coming years?

Ashoka Global DMCC aims to extend its global reach in the future. As always, we focus on the vision of the company rather than figures. We will expand our reach to unexplored regions and strengthen the roots in the regions in which we have already a presence.

Mr. Monal Thakkar, founder and Managing Director of Ashoka Global DMCC

Shelly Ford

By Shelly Ford
Alchemist Editor and Digital Content Manager, LBMA

Shelly supports the Head of Communications to create and develop content across digital channels that engages the LBMA’s key stakeholders and supports the organisation’s vision and objectives. She brings a wealth of content creation, strategy, and campaign experience from previous roles in the professional and financial service industries, as well as Lloyd’s of London insurance market and publishing houses.