92.48 -8.43(-8.35%)
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Remsons Industries Limited (RIL) was earlier incorporated as Remsons Cables (P) Limited in 1971, becoming Remsons Industries Limited in late 1986 after going public. It was promoted by Vishwa Prakash Harlalka and his family. The Company is one of the major suppliers to the Automobile Manufacturers like Tata Motors, Hero Honda, Maruti Suzuki, Mahindra & Mahindra, Piaggio, General Motors India, TVS Suzuki etc. The Company is manufacturing automotive control cables, flexible shafts, push pull cables and gear shifter assembly. It operate six manufacturing plants in India. The promoters came out with an open 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 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 G...