Rasandik Engineering Industries India Limited
BBSE:RASANDIK57.65
INR
+4.29
(+8.04%)
ISIN
INE682D01011
Return %
Stock
S&P 500
1Y
-27.89
14.20
3Y
-41.77
81.12
5Y
-35.80
68.34
Capital Structure
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INR
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Rajiv Kapoor
- Full Time Employees
- 52
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- 13-14, Roj-Ka-Meo Industrial Area Gurgaon HA India 122103
- IPO Date
- Jan 10, 1994
- Website
- rasandik.com
- Similar Companies
- Business
- Rasandik Engineering Industries India Limited engages in the manufacturing and sale of sheet metal components, muffler assemblies, fuel tanks, tools and dies, and other auto component parts primarily for the automotive sector. Its product portfolio includes body-in-white (BIW) parts such as tailored welded blanks (shotgun, door inner, longitudinal members, front tunnel, and three-piece doors), suspension parts, exhaust lines, and computer numerically controlled (CNC) bending components. The company also manufactures scissor jacks and white goods components, offering complete engineering solutions including product design, analysis, prototyping, and testing services. It supplies parts and subassemblies for class A surface components and closure panels, covering small stampings to welded assemblies. Founded in 1984 and headquartered in New Delhi, India, Rasandik has pioneered several technological advancements in the Indian auto component industry, including early adoption of quick die change systems, robotic spot welding, laser welding technologies, and tailor-welded blanks. The company serves major Indian automotive manufacturers such as Maruti Suzuki, Tata Motors, and others, operating mainly within India with some export activities. In recent years, Rasandik has strategically shifted towards green mobility by launching the SAMRAT brand in 2022, offering an innovative range of zero-emission electric three-wheelers (L5 category vehicles). This marks a significant diversification and expansion beyond traditional automotive components into electric vehicle manufacturing. The company continues to face operational challenges but is working through a financial turnaround while maintaining its focus on auto component manufacturing and engineering solutions. Rasandik operates primarily in the auto components and engineering sector with a workforce of around 450 employees. The company emphasizes manufacturing advanced press tools, stamping parts, and tailor welded blanks while evolving into electric vehicle manufacturing as part of its longer-term strategic growth. This description covers Rasandik's core products, services, recent strategic expansions into green mobility, technological leadership in auto components, and its base of operations in India since its inception in 1984. The latest major change involves the launch of the SAMRAT electric vehicle brand and increased focus on zero-emission mobility solutions, reflecting the company's adaptation to evolving automotive industry trends.