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History of Rushabh Precision Bearings Ltd.

Rushabh Precision Bearings Limited was originally incorporated as a private limited Comp. on 21-08-1989 by Shri Dhirajlal H. Vora & his son, Shri Rajesh D. Vora. It was later converted into a Public Limited Comp. w.e.f. 5.9.1994. The Promoters are mainly dealing in bearings manufactured by ZVL-ZKL Co. limited Czechoslovakia, as its Sole selling Agents in India. The Promoters, after establishment of manufacturing units, have been authorised by ZVL-ZKL to print 'DESIGN AND COMPONENTS BY ZVL-ZKL CZECHOSLOVAKIA' on cartons till imported components are used.

RPBL, established facilities for manufacture of precision bearings, i.e. mainly for heat treatment & machining of components. Installed capacity of plant is 8,00,000 bearings per annum. The plant went into commercial production in October, 1991. The machined components are fitted with an imported cage & rollers. The Comp. is marketing its products under brand name 'SRS'. The Comp. presently manufactures the bearing rings [inner & outers], while the rolling elements & cages are being imported from ZVL-ZKL Czechoslovakia. Of the locally manufactured bearings sold, indegeneous components comprised 16.20% and imported components 83.80%.

The Group turnover has improved from about Rs.5.30 Crores in 1992 to Rs.14.03 Crores in 1993. During the year ended March 1994, the turnover improved to Rs.14.74 Crores. The net profits during the year amount to Rs.47.27 Lacs.

The production/capacity utilisation was around 23.6% in 1992 & 34.15% in 1993. However, during 1994, in view of change in the design of bearings, the capacity utilisation came down considerably to about 3.25%.

The sales of manufactured bearings have improved from about 48,156 in 1992 to 83,725 in 1993 & further to 1,43,043 in 1994. The production & sales of bearings during the year ended 31st March, 1995 were 2,54,761 & 2,26,052 & for 3 months ended 30.06.95 are 63,796 & 74,384 respectively.

The Comp. had not faced/is facing any labour problems & there was no closure of unit.

MAIN OBJECTS OF THE COMPANY.

To carry on the business of manufacturing and dealing in Ball and Roller bearings taper, spherical, Needle, cylindrical roller bearing and the business of Iron founders. Mechanical Engineers and Manufacturing of Machinery, vehicles of all kind whether self propelled or otherwise tool makers, brass founders, mill wrights machinists iron and steel converters, smith metallurgist & merchants and to buy sell manufacture, repair, convert, alter, let on hire and deal in machinery implements rolling stock & hardware of all kinds.