- Business
- Revathi Equipment India Ltd manufactures and markets specialized drilling rigs for mining, construction, water well, and exploration applications; its core products include blast hole drills (rotary and down-the-hole, diesel- or electric-driven), jackless drills for construction and mining, water well drills capable of depths up to 1000 meters and beyond, hydro-fracturing units, and exploratory drills reaching up to 1300 meters, with hole sizes ranging from 63 mm to 349 mm, complemented by comprehensive maintenance and repair contracts. The company, originally incorporated in 1977 as Revathi CP Equipment Limited in collaboration with Chicago Pneumatics USA and later under Atlas Copco until 2002 when acquired by the Delhi-based Renaissance Group, underwent a significant demerger in 2023 pursuant to an NCLT order dated June 14, transferring its drilling business from Revathi Equipment Limited to Renaissance Corporate Consultants Limited, which was renamed Revathi Equipment India Limited on July 20, 2023, with shares listed on the National Stock Exchange and BSE effective September 11, 2024. Headquartered in Coimbatore, Tamil Nadu, at its manufacturing facility on Pollachi Road, Malumachampatti with an annual capacity of 100 drill machines, the ISO 9001-2008 certified firm holds over 50% market share in India, serving major customers such as Coal India Limited, Tata Steel, NMDC, and Vedanta, while exporting to mining companies in Australia, Brazil, Indonesia, Jordan, Morocco, South Africa, Serbia, Tunisia, USA, and Zimbabwe across coal, iron ore, copper, gold, limestone, and other sectors; recent developments include the incorporation of a wholly owned Revathi Drilling Solutions LLP on November 25, 2024, issuance of corporate guarantees for affiliates like Semac Construction Limited and Semac Consultants Limited, a change in registrar and transfer agent to MUFG Intime India Private Limited, and robust financial performance with consolidated net sales of Rs 22.83 crore for the quarter ended September 2025, up 15.83% year-over-year.