Overview
Raymond Ltd entered into the auto component industry by acquiring Ring Plus Aqua in 2005. Over the years, Ring Plus Aqua has established itself as a major player in the Flywheel Ring Gear market, both in India and internationally.
A Raymond Group Company, Ring Plus Aqua Ltd (Rpal) is the leading Manufacturer of Automotive And Engineering Products like Starter Gears, Water Pump Bearings, Flexplates and Machined Components. Rpal has a long celebrated history with the global auto & non-auto industry with its operational base in Nashik And Corporate Office in Mumbai, India.
The business commands the highest volume share of over 50% in the domestic passenger vehicle (“PV”) industry and over 45% in the domestic commercial vehicle (“CV”) industry in terms of supply to original equipment manufacturers (“OEMs”) for domestic production in Fiscal 2021. It is among the key players in the Ring Gears industry globally.
By leveraging a long-term presence in tailor-made ring gears and long-standing relationships with OEMs and Tier-1 suppliers to OEMs, the business has been able to develop a strong presence in the manufacturing of Flexplates. RPAL is the sole domestic manufacturer of flexplates in India and catering to over 25% of the flexplates volume demand for PV domestic production in Fiscal 2021.
Ring Plus Aqua Ltd share price and Ring Plus Aqua Ltd share price fluctuations attract a lot of attention from investors as a result of the importance of the company within the automotive sector, its superior market standing, and also close ties with the leading global and domestic auto manufacturers. For those interested in Ring Plus Aqua Limited or potential investors in general, the company's stock performance remains a point of interest for current and new investors alike.
Products
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Ring Gears: This is one of the critical components that sits on the Engine Flywheel and engages with the pinion of the starter motor to crank the engine upon Starting. The ring gear transfers starting torque from the starter to the engine crankshaft. Ring gears have a diversified industry presence and are typically used in passenger cars, trucks, tractors, earth-moving equipment, marine engines, lawn movers, and industrial/power generation.
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Water Pump Bearings: This is one of the critical components that replaces the conventional water pump assembly with an integral shaft bearing. It circulates coolant from the radiator across the engine to keep it cool.
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Flexplates: A Flexplate is an important part of the Powertrain in Automatic Transmission Vehicles. It acts as a coupling between the Engine & Transmission and connects the output of the engine to the input of a torque converter for transmitting power from the Engine to the Transmission. It also acts as a dampener & avoids the transfer of vibrations from the Engine to the Transmission. Flexplate, along with the Torque converter,r takes the place of the flywheel & clutch assembly, which is typically found in a conventional manual transmission setup.
Facilities
Starter Gear Division
Ring Plus Aqua’s Starter Gear Division specializes in the manufacture of Flywheel Starter Ring Gears for petrol, diesel, gas, flex & hybrid engines. The starter gear division is well equipped with an in-house manufacturing set-up including heat treatment to meet the stringent quality requirements.
Shaft Bearing Division
Ring Plus Aqua’s Shaft Bearing Division is a specialized bearing unit dedicated solely to the manufacture of Integral Shaft (Water Pump) Bearings in Ball/Ball and Ball/Roller configurations for automotive applications. The company started commercial production in March 1989. It has an installed capacity of manufacturing 3.9 million pieces per annum. Further the capacity expansion by 1.7 million pieces is in progress.
Flexplates Division
Flexplates are manufactured in the Starter Gear Division (Unit 1) of Ring Plus Aqua. With a sophisticated manufacturing line, stringent process controls & enhanced design validation & testing facility, RPAL has proven its flexplate capability by offering complete design solutions with advanced CAE & simulation Software. It has in-house presses & expertise in tool design to develop numerous intricate shapes along with laser & CO2 welding machines. It has an installed capacity of 0.6 million pieces per annum.
Timeline
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1984 - Ring Gears India Ltd. was formed
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1987 - Aqua Bearings Ltd. was formed
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1997 - Ring Gears & Aqua Bearings were merged to form Ring Plus Aqua Ltd.
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2005 - Raymond acquired a controlling interest in Ring Plus Aqua Ltd.
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2006 - Entered into the JV with AJ Rose, USA & formed Rose Engineered Products Pvt. Ltd. for the manufacturing of Sheet Metal Pulleys
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2008 - Entered into the PV segment with Fiat, Hyundai and Ford as the key customers
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2009 - Developed Design & Engineering capability in Bearings and Flexplates
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2010 - Supplies started to VW, Volvo, Daimler and entered into the Japanese & Chinese markets
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2011 - Capacity expansion initiated for Ring gear and Bearings
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2012 - Acquired Trinity India to enter into forged-machined component space
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2014 - Quality System: Awarded OSHAS and EMS certifications
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2015 - Trinity India divested
Supplies started to BMW / Maruti Suzuki / TATA Hexa for Flex plates.
Supplies started for Suzuki/Ford/TATA water pump bearings.
Supplies started to Pierburg, France for PSA Bearings
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2018 - Capacity expansion of BMW flex plate line & ring gear line, Total capacity of 6Mn gears/annum
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2019 - Established Greenfield Facility for manufacturing Ring gears, Total capacity of 8.2Mn gears/annum
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2020 - Enhance product portfolio & manufacturing capabilities
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2021 - Capacity expansion initiated for Gears & Bearings to enhance capacity to 9.2Mn pcs & 5.7Mn pcs respectively
Key People
1. Ravikant Uppal | Chairman
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Mr. Uppal received his undergraduate degree in 1973 from the Indian Institute of Technology, New Delhi and an MBA from the Indian Institute of Management, Ahmedabad.
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He has held key positions in notable companies such as Jindal Steel & Power Ltd., Volvo Group, ABB, and Page Industries Limited.
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Currently, he is also the chairman of Steel Infra Solutions Pvt. Ltd.
2. Balasubramanian V. | CEO
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He holds a degree in Bachelor of Science (Mechanical Engineering) degree from the University of Delhi and a postgraduate diploma in Business Administration from the Loyola Institute of Business Administration. He has also attended the Managers for Leadership Course at Leeds University Management School.
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Before joining the Raymond Group, he worked in Brakes India Limited and Bosch Group for 25 years.
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He has been a director on the Raymond board since November, 2020 and has overall 35 years of experience.
Board of Directors
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Shri Ravikant Uppal, Chairman
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Shri Bhuwan Kumar Chaturvedi, Non-Executive Director
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Shri V. Balasubramanian, Non-Executive Director
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Shri Parthiv Kilachand, Independent Director
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Shri Shiv Surinder Kumar, Independent Director
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Shri Satish Chand Mathur, Independent Director
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Smt. Rashmi Mundada, Non-Executive Director
Clientele
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Honda
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BMW
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Ford
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Maruti Suzuki
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Tata Motors
IPO Details
As of now, the company has not provided any relevant details related to the IPO.
Dividend details
The Company has not paid any dividend to its shareholders for the year ended 31st March 2024.
Listing Status
Delisted
Competitors
Subsidiaries
Registered Office
The registered office of the company is in Nashik, Maharashtra, India.
