| We are an ISO 9001:2008 certified company, engaged in the designing, manufacturing and sale of wide range of Electronic Weighing Scales and Systems, Currency Counting Machines and Electronic Fare Meters. the product portfolio caters to both industrial and domestic consumption. the products are manufactured at the manufacturing units located at Parwanoo, Himachal Pradesh. We supply the products under the brand "PHOENIX" through the large network of dealers and branches.
The Company was originally formed as a partnership firm under the name and style of M/s. Nitiraj Engineers through the partnership deed dated November 9, 1987. This firm was duly registered with Registrar of Firms, Mumbai vide registration No. MA 12849 dated November 7, 1994. This partnership firm was carrying on business of Manufacturers, Resellers, Importers, Exporters in Electronic Weighing Scales and allied products. The business was carried out on the terms and conditions contained in the Partnership Deed dated November 9, 1987 and since further modified by the Retirement-cum-Admission Deed dated February 22, 1990 and June 2, 1993 and Admission Deed dated March 1, 1999. For the sake of smooth working, effective management and improvement / advancement of business, all the members of the partnership firm decided through resolution dated March 1, 1999 to register M/s Nitiraj Engineers under Part IX of the Companies Act, 1956 as a Company for carrying on and continuing the said business of the partnership firm uninterrupted in a Joint Stock Company. Memorandum of Association was executed with the intention of continuing to carry on the said business of M/s Nitiraj Engineers through all its properties, movable and immovable, all other assets and liabilities, including inter alia all licenses, permits, authorisations, registrations, pending contract / un-executed orders and all other rights, benefits, advantages etc. vested in M/s Nitiraj Engineers. The partnership firm was having a permanent capital of Rs. 1,00,00,000/-.
Following were the partners of M/s Nitiraj Engineers at the time of conversion into private limited company :
1. Mr. Rajesh Raghunath Bhatwal
2. Ms. Shakuntala Rajesh Bhatwal
3. Ms. Mirabai Raghunath Bhatwal
4. Mr. Aalok Raghunath Bhatwal
5. Mr. Raghunath Rameshwar Bhatwal
6. Ms. Deepa Aalok Bhatwal
7. Prime Digiscales Private Limited, represented by Mr. Rajesh Raghunath Bhatwal
The partners also mutually agreed that their share in the partnership firm represented by Capital Account, right to assets and shares in profit, shall continue in the same proportion as the Capital contribution, upon the partnership firm being converted into a Company. Upon conversion into a Private Company limited by shares, a Certificate of Incorporation dated April 1, 1999 was issued by the Asst. Registrar of Companies, Maharashtra, Mumbai, in the name and style of Nitiraj Engineers Private Limited.
The Company was subsequently converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of Members of the Company held on June 8, 2015 and the name of the Company was changed to Nitiraj Engineers Limited vide a fresh Certificate of Incorporation dated June 22, 2015 issued by the Deputy Registrar of Companies, Maharashtra, Mumbai. At the time of incorporation, the Registered Office was situated at Bhatwal Dal Mill Compound, B/h Gurudwara, Mumbai-Agra Highway, Dhule - 424 311. With effect from April 27, 1999, the Registered Office of the Company was shifted to 306A Bhabha Building, N.M. Joshi Marg, Near Police Station, Mumbai - 400 011.
KEY EVENTS / MILESTONES IN THE HISTORY OF THE COMPANY :
1999
-Conversion of partnership firm into Private Limited Company under Part IX of Companies Act, 1956.
2001
-ISO 9001 certification.
2006
-Registered with National Small Industries Corporation Limited (NSIC)
-Registration as approved supplier with Director General of Supplies & Disposals (DGS&D), Government of India
2008
-Quality Certification from Bureau of Indian Standard
2010
-Conferred with ISO 9001:2008 Standard
2015
-Conversion of Private Limited Company to Public Limited Company
2019
-Company has issued Bonus Shares in the Ratio of 1:4.
|