About Us

  • Established in 2008, MMTC-PAMP India is among the world’s most advanced gold and silver refining and minting facilities. The company is set up as a joint venture between India’s MMTC (a Government of India Undertaking) and Switzerland’s PAMP SA (the world’s leading bullion brand), part of the MKS PAMP GROUP. PAMP is one of only three refineries in the world accredited as a Good Delivery Referee by both the London Bullion Market Association (LBMA) and London Platinum & Palladium Market (LPPM). MMTC-PAMP India operates under the direct technical supervision of PAMP.

    The facility has been accredited as ‘Good Delivery’ Gold and Silver Refinery by the London Bullion Market Association and is thus India’s first and only LBMA accredited gold and silver refinery.

    With an installed capacity to refine per annum 150t gold and 600t silver, and mint 2.5 million pieces in gold and/or silver, India is now home to the world’s most modern precious metals refining and manufacturing plant, equipped with state-of-the-art technology throughout and with the most advanced environmental infrastructure and safeguards that meet the most stringent regulatory standards.

    It commenced full-scale commercial refining operations in March 2012, using Doré delivered by mining companies as well as domestic scrap as refinery feedstock.
    Offering a wide range of products that are on par with, or better than, products from any foreign manufacturer, MMTC-PAMP India provides Indian and international consumers with the finest quality products, created with complete transparency and assurance.  Accordingly, today’s market shows a clear preference for the MMTC-PAMP India range, the quality of which is fast becoming the de-facto benchmark for the Indian market.

    Physical production and logistics capabilities include:

    • A complete range of gold & silver bars of all shapes, weights, purities and sizes.
    • Customised precious metals coins, pendants and blanks and their packaging for financial institutions, corporate customers & India Government Mints.
    • Development and production of proprietary and customized commemorative coin programmes.
    • Refining of both primary and secondary precious metals- bearing material to the highest purity standards.
    • Sales Module: implementation and support of a full IT solution for the retailing of its complete minted products range.
    • Fully integrated bullion trading desk, which covers all financial and trading aspects of gold & silver for our customers, including:
      • 24 hour gold and silver pricing.
      • Physical trading.
      • Daily client account reconciliation.
      • Unique market intelligence communications, deriving from the MKS PAMP GROUP global network.
      • Additional value through unique turnkey solutions.
      • Complete production and delivery service: our in-house systems efficiently and securely manage stock orders, international & domestic logistics and metal accounting 24/7.
  • Throughout its history, PAMP has led the precious metals industry forward by introducing many breakthrough products and services. Indeed, many PAMP innovations have become industry best practices. This corporate ethos continues at MMTC-PAMP India – respecting the industry’s finest traditions while embracing the latest production techniques and technology in order to offer our customers world-class products and services.

    Innovations include:

    • The patented and acclaimed Lotus design motif
    • CertiPAMP for minted products: sealed packaging acting as both an airtight environment to protect the item within as well as providing a signed certificate of authenticity, CertiPAMP packaging is a mark of genuine MMTC-PAMP India bars and quality excellence.
    • Custom-designed and branded packaging for industry clients.
    • First in India to develop colourisation of bars and pendants.
    • Exclusive licensee of The Royal Mint to mint the iconic Sovereign coin in India, thus restoring genuine Sovereigns to the Indian public after a gap of ninety-five years.
    • The only domestic refiner with a kilo .999 silver bar and eight gram .9999 minted gold coin deliverable on MCX, India’s largest commodity exchange.
  • As a Company within the MKS PAMP GROUP, MMTC-PAMP India stringently follows its Responsible Precious Metals Policy, which sets out the Company’s commitment towards responsible supply chain management. The company has been steadfast in adopting the best practices and is India’s first and only refinery to receive LBMA Responsible Gold Certificate. Also see MMTC-PAMP India's latest LBMA Compliance Report and Independent Assurance Report, of its responsible supply chain due diligence, issued by an LBMA accredited independent auditor.

    MMTC-PAMP is also a Certified Member of the Responsible Jewellery Council - another first for any precious metals refinery in India.

     

  • Since its inception, MMTC-PAMP India has strived to maintain a harmonious relationship with the surrounding environment, regional communities and with the world-at-large. The organisation honours this commitment by not only meeting regulatory requirements but also routinely exceeding them.

    Disciplined and responsibly managed, all factory processes perform to the exacting standards of Swiss environment regulations, among the most stringent in the world.

    MMTC-PAMP India actively supports and leads the industry’s ethical advancement. It is a member of the Responsible Jewellery Council (RJC) and is in the process of obtaining its certification as meeting the ethical, human rights, social and environmental standards as established by the RJC’s Certification System.Please refer our Business Ethics Policy for further details.

    For full details of MMTC PAMP India`s sustainability performance please download the most recent Corporate Sustainability Report.

    Previous year reports;

    Corporate Sustainability Report 2015-16
    Corporate Sustainability Report 2014-15
    Corporate Sustainability Report 2013-14

    Certificates of excellence towards Sustainable Development

     

    India`s most Sustainable precious metal refinery based on the performance in the assessment by CII ITC centre of excellence for Sustainable Development

     

    Commendation for Significant achievement In Environment Management – CII ITC Sustainability Awards 2014

  • MMTC-PAMP India adheres to the highest standards of conduct in all business operations and is committed to act with integrity at all times.

    • All staff recognise that it is the company’s reputation, the behaviour of its people, and the quality of their work that determines whether or not customers and other stakeholders decide to work and continue to work with MMTC-PAMP India.
    • MMTC-PAMP India staff members do not circumvent rules or procedures and the company has a zero-tolerance policy towards those who do.
  • At MMTC-PAMP our approach to Governance and Social Responsibility is reflected in our values, systems, codes of conduct, policies and procedures.  As a responsible corporate citizen we adopt and practice CSR in its entirety, striving for excellence in the activities we undertake for benefiting society at large.
     
    Our social responsibility is focused on the activities we undertake in the District of Mewat, Haryana. Promoting sanitation, health care and making available safe drinking water is high on our CSR Agenda. We reach out to under-served communities and educate people on sanitation. Every installation is maintained by the Company, thus assuring the infrastructure facilities provided/set-up under CSR are effective and functional for years to come.
     
    Appetite for quality is never ending hence we also focus on the needs of society for quality human resources. We are undertaking a skill development programme to promote education enhancing vocational skills and develop & deliver trained human resources to the society.
     
    Our Policy on CSR is based on the principle of bringing about inclusive growth in the society.

  • Good Delivery accreditation is the standard for precious metals. It measures product standards as well as industry and market practices. Recognizing only the most reputable assayers and refiners, nothing less is acceptable. MMTC-PAMP India products are certified Good Delivery by:

    • London Bullion Market Association (LBMA) – Gold Refinery – effective 16th May 2014.
    • London Bullion Market Association (LBMA) - Silver Refinery - effective 14th October 2013.
    • London Bullion Market Association (LBMA) -  Responsible Gold Certificate - for the period 1st Aug 2012 to 31st July 2013.
    • Multi-Commodity Exchange (MCX)  - Gold & Silver Refinery - effective 08th October 2013.
    • MMTC-PAMP has been accredited as a ‘Star Export House’ by the Government of India Ministry of Commerce and Industry.

    Awards:

    • India International Gold Conference, 2013 - Excellence award under the category of Emerging Refinery.
    • Best Refinery Award from Indian Bullion and Jewellery Association, 2013.
    • India International Gold Conference, 2014 – Best Bullion Refiner of the Year.
    • Best Refinery Award from Indian Bullion and Jewellery Association, 2014.
    • CII-ITC Sustainability Award 2013-14 – Commendation Certificate for Significant Achievement in Environment Management.
    • Gem & Jewellery Trade Council of India – GJITC Excellence Award under Services to the Industry.

     

     

  • MMTC-PAMP is committed to continually improve its Integrated Management System (IMS) for Quality, Environment, Occupational Health & Safety and Social Accountability (QEHSS).  

    Certifications under IMS 

    ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, SA 8000:2008

    We were recertified for the 2015 version of ISO 9001 (QMS) and ISO 14001 (EMS) along with the 2007 version of OHSAS 18001 (Occupational Health & Safety) in April 2017.Certificates of Approval are awarded by QS Zurich AG, Certification Agency and Certification are valid up to March 2020.

    Social Accountability certificate of approval is awarded by SGS India Pvt. Ltd and is valid up to April 2018. 

    Link to our “Quality, Environment, Social, Health and Safety Policy