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Remsons Industries Ltd.

BSE: 530919 Sector: Auto
NSE: REMSONSIND ISIN Code: INE474C01015
BSE 15:55 | 27 Mar 2018 Remsons Industries Ltd
NSE 05:30 | 01 Jan 1970 Remsons Industries Ltd
OPEN 70.15
PREVIOUS CLOSE 72.55
VOLUME 240
52-Week high 147.00
52-Week low 48.30
P/E 125.98
Mkt Cap.(Rs cr) 40
Buy Price 70.55
Buy Qty 800.00
Sell Price 0.00
Sell Qty 0.00
OPEN 70.15
CLOSE 72.55
VOLUME 240
52-Week high 147.00
52-Week low 48.30
P/E 125.98
Mkt Cap.(Rs cr) 40
Buy Price 70.55
Buy Qty 800.00
Sell Price 0.00
Sell Qty 0.00

Remsons Industries Ltd. (REMSONSIND) - Company History

Remsons Industries Limited (RIL) was incorporated in May '71, earlier known as Remsons Cables, and went public in 1986. It was promoted by Vishwa Prakash Harlalka and his family. RIL manufactures control cables for the automobile and general engineering industries and for two-wheelers. It also makes brake liners and brake shoes, Gear Shifters for automobiles. Over 70% of the total sales is made directly to automobile manufacturers. It is one of the major suppliers to Auto Manufacturers like Tata Motors, Hero Honda, Maruti Suzuki, Mahindra & Mahindra, TVS Suzuki etc. Manufacturing operations are carried out in Bombay, Daman, Pune and Gurgaon. It has developed its own in-house technology. It introduced friction-free control cables in India. The company's products are being exported to the US, Europe, the UK, Holland, Egypt, New Zealand and Srilanka. It received the prestigious award for technology innovation from Automobile Component Manufacturers in 1985. The promoters came out with an offer for the sale of equity shares at a premium of Rs 40 in May '95 for re-deploying the proceeds to meet the cost of modernisation and expansion. RIL has recently started a new unit at Pardi, Gujarat. Company has initiated measures for ISO 9002 Certification. In 1997-98, it increased the installed capacity of its auto control cables and auto brake shoes to 2,65,00,000 nos and 40,00,000 nos respectively. The company has designed and developed control cables for electric cars and is a supplier to Bangalore based Reva Electric Car Company Private Limited. In 2000-01 the company appointed Mr John Glover as its 'Technical Consultant. During 2001-02 the Components division has launched Gas Guard,a Gas leak detector,which is being accepted well in the market.