RANJEET MECHATRONICS LIMI Share price

In the year 1949 Late Shree Vallabbhai B. Swadia father of one of thePromoter Mr. Rakesh V. Swadia established a firm called M/s. Ranjeet Electric and Engineering Corporation. The firm was established post independence as authorised distributors of companies engaged in the irrigation system. The firm was basically authorized dealer of electric motor pumps and related spares. Mr. Rakesh Swadia joined the business of his father at an early age and started understanding the business gimmicks.Later on the firm tied up with Kirloskar Brothers Limited and became the authorized dealer of various electric products especially electric motors pump sets and spares and also tied up with Kirloskar Oil Engines Limited.In the year 1993 to give a corporate shape to the firm Late Vallabhbhai Swadia along with his wife Late Mrs. Shantaben Vallabhbhai Swadia and Mr. Indukant V. Swadia incorporated thecompany - Ranjeet Electric Private Limited (“REPL”) at Ahmedabad. The company was incorporated with the main object to carry on the business of electrical and electrical mechanical engineers and sell supply establish fix and carry out and deal in industrial pumps diesel engines electrical motors and equipments etc.Initially we have obtained distributorship of agricultural engines Industrial engines and marine engines from Kirloskar in the name of REPL. We were selling wide range of Domestic and Agriculture pumps Industrial pumps Customized and Engineered pumps Motors Alternators Diesel engines which includes Domestic monoblock pumps Borewell submersible pumps Open well submersible pumps End suction Bareshaft pumps Horizontal multistage pumps Vertical multistage pumps Marine diesel engines diesel generators sets etc. thecompany continuously progressed by officially marketing the said products in the rural urban as well as various industrial sectors of Gujarat.In the year 2006-07 thecompany was awarded by Kirloskar Brother Limited for achieving 2nd highest sales turnover in Ahmedabad Region. In the year 2009 as per government rules and regulations in high rise buildings malls and industries fire pumps and fire engines were mandatory to be installed for public safety. We have been awarded the distributorship of fire pumps & fire engines of Kirloskar. Ranjeet Electric Private Limited became the new name for new age fire solutions. thefire solution specializes as a system integrator; theexpertise is to provide end to end solution in the design implementation management and operational support for technology – based security and fire fighting solutions. In the year 2010 thecompany has also tied up with Mather and Platt Pumps Limited for distribution of various customized and engineered pumps motors and accessories.In the year 2012 theexisting promoters Mr. Rakesh Swadia Mr. Devarshi Swadia along with relatives floated the company called “Himgiri Solutions Private Limited” (“HSPL”) with the main object to carry the business of providing various essential building services such as mechanical plumping fire fighting electrical safety security etc. In the year 2013 HSPL has been awarded a work contract of sewage treatment plant pumping system including water softening and water distribution system at Nashik Airport.In the year 2013 theexisting promoters Mr. Rakesh Swadia Mr. Devarshi Swadia along with relatives and others floated one more company called “Destiny Zone Security Systems Private Limited” (“DZSSPL”). In the year 2013-14 DZSSPL has been awarded a contract of approximately ` 10 crores (rupees Ten Crores) from NCC Limited at Vardhaman Institute of Medical Science for Design Supply Transportation Installation Testing Commissioning related to fire hydrant system sprinkler system fire Extinguishers fire pumps gas based fire Suppression system.On January 1 2015 theBoard of Directors approved a scheme of amalgamation under Sections 391 to 394 of the Companies Act 1956 for amalgamation of Himgiri Solutions Private Limited and Destiny Zone Security Systems Private Limited with theCompany with the appointed date as April 1 2014. The Hon’ble High Court of Gujarat at Ahmedabad vide their Common Oral Order dated December 10 2015 has sanctioned the scheme of amalgamation. As required under the Companies Act 1956 the copy of the Common Oral Order was filed with the Registrar of Companies Ahmedabad on January 20 2016 and the same shall be considered as Effective Date. From the effective date (as defined under the scheme of amalgamation) the entire business and undertaking of Himgiri Solutions Private Li mited and Destiny Zone Security Systems Private Limited including all their assets liabilities duties and obligations transferred to thecompany.At present we are providing specialized firefighting solutions as a system integrator. theexpertise is to provide end to end solution in the installation designing commission testing implementation management and operational support for technology – based security and fire solutions.MAJOR EVENTS :1993-94- The Company was incorporated as “Ranjeet Electric Private Limited” at Ahmedabad.2006-07- The company was awarded by Kirloskar Brother Limited for achieving 2nd highest sales turnover in Ahmedabad Region.2009-10- The company has tied up with Mather and Platt Pumps Limited for distribution of various customized and engineered pumps motors and accessories.2015-16- Amalgamation of Himgiri Solutions Private Limited and Destiny Zone Security Systems Private Limited with theCompany with the appointed date as April 1 2014 pursuant to the Common Oral Order dated December 10 2015 passed by the Hon’ble High Court of Gujarat at Ahmedabad.2015-16- Change of name of the Company from “Ranjeet Electric Private Limited” to “Ranjeet Mechatronics Private Limited”2018-19- Consequent upon conversion from Private Company to Public Company the name of the Company was changed from “Ranjeet Mechatronics Private Limited” to “Ranjeet Mechatronics Limited”.