The Company was incorporated as "Rishabh Instruments Private Limited", a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 6, 1982, granted by the RoC. Pursuant to the conversion of the Company into a public limited company and as approved by the Board on September 8, 2022, and a special resolution passed by the Shareholders at the EGM on September 13, 2022, the name of the Company was changed to "Rishabh Instruments Limited", and the RoC issued a fresh certificate of incorporation on September 22, 2022. Major events and milestones in the history of the Company and Material Subsidiaries : 1982
- Incorporation of the Company 1983
- Entered into an agreement for technical assistance with a Germany based company
- Entered into a distributorship agreement with Larsen & Toubro Limited 1997
- Entered into an agreement for technical assistance with M/s Gossen - Metrawatt GmbH 1998
- Increased the area of the Nashik Manufacturing Facility I 2002
- Entered into a technology transfer agreement with a Germany based company 2008
- Entered into an agreement with a company based out of United Kingdom for production of audio / video
recording equipment's 2011
- Entered into a supplier agreement for supply of APM and digital panel meters with a USA based company 2012
- Acquisition of Lubuskie Zaklady Aparat¢w Elektrycznych "Lumel" Sp¢lka akcyjna in Fiscal 2012 Lumel started the supply of aluminium die casting to the automotive industry 2013
- Sifam Tinsley Instrumentation Ltd acquired Sifam meter product line from a UK based company 2014
- Incorporated Sifam USA, a Subsidiary of the Company 2016
- Entered into an intellectual property agreement with an Italy based company wherein it assigned intellectual property rights in respect of APV centralised inverters, APV cabinets, APV-S string inverters and string boxes
- Restructuring of Lubuskie Zaklady Aparat¢w Elektrycznych "Lumel" Sp¢lka akcyjna into Lumel SA. (The current Subsidiary) for electronic business and Lumel Alucast Sp. zo.o. for aluminium die casting 2018
- Entered into a brand label frame agreement with one of the leading industrial manufacturing company 2020
- Lumel SA built a manufacturing facility for electronics manufacturing Lumel acquired a division of product from Relpol S.A. 2021
- Received M-SIPs approval from the Government of India 2023
- Received approval for financial incentives under the Maharashtra Electronics Policy, 2016 and Package Scheme of Incentive Policy, 2019
2020
-Company awarded Best Building Award in December in Europe received by Lumel SA.
-Rishabh Instruments acquired a product division from Relpol S.A. through Lumel SA and established an electronics manufacturing plant.
2021
-Lubuski Mister Budowy Award (building master) received by Lumel SA.
-Rishabh Instruments received M-SIPs (Modified Special Incentive Package Scheme) approval from the Government of India.
2022
-Received recognition for `digitisation and innovation' at the ABB Supplier Meet 2022.
2024
-Rishabh Instruments has initiated the expansion of its existing manufacturing facilities in Nashik, Maharashtra.
|