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Ramkrishna Forgings > Company History > Castings & Forgings > Company History of Ramkrishna Forgings - BSE: 532527, NSE: RKFORGE
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Ramkrishna Forgings

BSE: 532527|NSE: RKFORGE|ISIN: INE399G01015|SECTOR: Castings & Forgings
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Company History - Ramkrishna Forgings
Ramkrishna Forgings Limited was incorporated under the Companies Act,
 1956 on llth November, 1981 as a Private Limited company and
 subsequently converted in to a Limited Company w.e.f.. May 25th,
 1995. The company is having its registered office at 6, Waterloo
 Street, Calcutta- 700 069. It occupies two industrial plot measuring
 about 3.90 acres at VI th phase, Adityapur Industrial Area, Gamharia,
 Jamshedpur. For the proposed expansion, the company has already
 acquired two additional plots one at Plot No. M-15, M-16 & NS-26 at
 VIIth Phase, Adityapur Industrial Area measuring about 3.90 Acres and
 another plot adjacent to the existing factory of the company at VI th
 phase, Adityapur Industrial Area. The company also has a factory at
 Liluah Industrial Area, Howrah. 
 
 Ramkrishna Forgings Limited commenced its production in 1984 as a SSI
 unit. It was manufacturing Forging items for Railways. Turnover was in
 the range of Rs. 50-60 Lacs per annum. Over a period of time, the unit
 developed various other parts uses by Railway. It included certain
 safety items also like hangers for coaches. The unit got itself
 registered with RDSO. Capacity of the unit was about 40 Ton per
 month. 
 
 The company undertook its major expansion in the year 1997, whereby
 it increased its forging & die making capacity at Jamshedpur. Beside
 it developed machining facilities & heat treatment facilities
 including Iso-annealing. This made the unit to undertakes production
 of Auto Forging for original equipment manufacturer (OEM), besides
 supplies to Railways. The unit added a number of reputed companies in
 its customer list. 
 
 The company also purchased a unit at Liluah Industrial Area, Howrah.
 This unit has a machine shop for the rough machining of components.
 Acquisition of this unit helped the company to supply finished
 components to Railways & Body Builders directly from its Local unit.
 The company took Term Loan of Rs. 330.00 Lacs from Canara Bank to
 complete that expansion. The company is very regular in payment of
 Term Loan instalment and present balance in this account is about Rs.
 101.54 Lacs. 
 
 In the year 2002-03, the company took a 2nd term loan of Rs. 125.00
 Lacs from Canara Bank to further increase . the forging capacity of
 the unit. This project was completed in the month of August this
 year. After this expansion, forging capacity of the unit increased up
 to 5550 MT per annum. 
 
 The company has explored export market for their products and is well
 taken in the export market also. The company has started supplies of
 Forged components to a few reputed customers. In the last financial
 year, the company achieved export turnover of Rs. 1.70 Crores.  
 
 Very recently, the company has received QS 9000 certification from
 BVQI. This will enable the company to broad base its export market.
 To further facilitate the export market, the company is installing
 pneumatic hammer of 6-ton capacity for the forging of heavy range of
 items up to 75Kg. 
 
 Taking in to account the encouraging response from export market the
 company has undertaken expansion cum diversification project. The
 project envisages setting up of an EOU at VII th phase, Adityapur
 Industrial Area and consolidation in capacity of existing unit in
 forging. For this purpose the company has got it registered with EPC
 and is granted EOU status by the office of DGFT. The company has been
 allotted a plot of land measuring about 3.90 Acres in 7th phase of
 Adityapur Industrial Area, set up mainly for Export Oriented Units. 
 
 1994
 
 -RKFL came in vogue as a limited company.
 
 1995
 
 -RKFL became a supplier to TATA Motors Jamshedpur.
 
 2000
 
 -Accredited as an ISO 9002 Company.
 
 2002
 
 -Approved by Indian Defence for producing Defence related parts.
 
 2004
 
 -Ramkrishna Forgings is setting up a new gear line at their unit.
 
 -Mr. Manish Choudhari, Ramawtar Agarwal, Ramprasad Saraf and Mr.
 Sajjan Naredi have been appointed as the Directors of the company.
 
 -RKFL became a listed company in NSE and BSE, launched IPO 
 Accredited as a TS 16949 Company.
 
 2005
 
 -The Company has recommended dividend of 10%
 
 2006
 
 -Successful extension from forgings to machining.
 
 -Mr.S.N. Rajesh has been appointed as an additional Director of the
 company
 
 2007
 -Registered Office of the Company has been shifted From 6, Waterloo
 Street, Kolkata To L&T Chambers, 16, Camac Street, Kolkata.
 
 2008
 
 -Commencement of Ring Rolling Facility.
 
 -The Company has recommend a dividend of 10% for the year 
 
 2009
 
 -The company became TS 16949 certified.
 
 2010
 
 -The Company has recommended a dividend of 10% i.e. Rs. 1/- per
 share.
 
 2011
 
 -RKFL received OSHAS and NABL accreditation.
 
 -The company has launched an ESOP scheme for the welfare of the
 Employees and the ESOP scheme of the company is administered by the
 Ramkrishna Forgings Employee Welfare Trust. 
 
 -The Company has recommended a dividend of 20% i.e. Rs. 2/- per
 share. 
 
 2012
 
 -The Company has recommended a dividend of Rs. 2/- per share.
 
 -Mr. Y. L. Madan & R. T. Singh have joined the Company as Additional
 Directors.
 
 -The Company has entered into an agreement for the acquisition of
 Globe Forex and Travels Limited.
 
 2013
 
 -Ramkrishna Forgings acquired 100% Shareholding of Globe Forex &
 Travels Ltd.
 
 2014
 
 -The Company has recommended a dividend of Re. 1/- per share for the
 year 2013-2014.
 
 
 
Source : Dion Global Solutions Limited
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