Ranjeet Mechatronics Share Price Live

Ranjeet Mechatronics Limited was originally incorporated as a private limited company with the name 'Ranjeet Electric Private Limited' at Ahmedabad on June 10, 1993. Later on, the name of the Company was changed from 'Ranjeet Electric Private Limited' to 'Ranjeet Mechatronics Private Limited' on February 3, 2016. Subsequently, consequent up on the conversion of the Company from Private Company to Public Company, the name of the Company was changed to 'Ranjeet Mechatronics Limited' on May 28, 2018. In the year 1949, Late Shree Vallabbhai B. Swadia, father of one of the Promoter Mr. Rakesh V. Swadia, established a firm called M/s. Ranjeet Electric and Engineering Corporation. The firm was established post independence as authorized distributors of companies engaged in the irrigation system. The firm was basically authorized dealer of electric motor pumps and related spares. Mr. Rakesh Swadia joined the business of his father at an early age and started understanding the business gimmicks. Later on, the firm tied up with Kirloskar Brothers Limited and became the authorized dealer of various electric products especially electric motors pump sets and spares and also tied up with Kirloskar Oil Engines Limited. In the year 1993, to give a corporate shape to the firm, Late Vallabhbhai Swadia along with his wife, Late Mrs. Shantaben Vallabhbhai Swadia and Mr. Indukant V. Swadia incorporated the company - Ranjeet Electric Private Limited ('REPL') at Ahmedabad. The company was incorporated with the main object to carry on the business of electrical and electrical mechanical engineers and sell supply, establish, fix and carry out and deal in industrial pumps, diesel engines, electrical motors and equipments etc. Initially, the company has obtained distributorship of agricultural engines, Industrial engines and marine engines from Kirloskar in the name of REPL. The Company was selling wide range of Domestic and Agriculture pumps, Industrial pumps, Customized and Engineered pumps, Motors, Alternators, Diesel engines which includes Domestic monoblock pumps, Borewell submersible pumps, Open well submersible pumps, End suction Bareshaft pumps, Horizontal multistage pumps, Vertical multistage pumps, Marine diesel engines, diesel generators sets etc. Our company continuously progressed by officially marketing the said products in the rural, urban as well as various industrial sectors of Gujarat. In the year 2006-07, the company was awarded by Kirloskar Brother Limited for achieving 2nd highest sales turnover in Ahmedabad Region. In the year 2009, as per government rules and regulations in high rise buildings, malls and industries fire pumps and fire engines were mandatory to be installed for public safety. The Company has been awarded the distributorship of fire pumps & fire engines of Kirloskar. Ranjeet Electric Private Limited became the new name for new age fire solutions. The Company's fire solution specializes as a system integrator; its expertise is to provide end to end solution in the design, implementation, management and operational support for technology - based security and fire fighting solutions. In the year 2010, the company has also tied up with Mather and Platt Pumps Limited for distribution of various customized and engineered pumps, motors and accessories. In the year 2012, the existing promoters Mr. Rakesh Swadia, Mr. Devarshi Swadia along with relatives floated the company called 'Himgiri Solutions Private Limited' ('HSPL') with the main object to carry the business of providing various essential building services such as mechanical, plumping, fire fighting, electrical safety security etc. In the year 2013, HSPL has been awarded a work contract of sewage treatment plant, pumping system including water softening and water distribution system at Nashik Airport. In the year 2013, the existing promoters Mr. Rakesh Swadia, Mr. Devarshi Swadia along with relatives and others floated one more company called 'Destiny Zone Security Systems Private Limited' ('DZSSPL'). In the year 2013-14, DZSSPL has been awarded a contract of approximately Rs. 10 crores (rupees Ten Crores) from NCC Limited at Vardhaman Institute of Medical Science for Design, Supply, Transportation, Installation, Testing, Commissioning related to fire hydrant system, sprinkler system, fire Extinguishers, fire pumps, gas based fire Suppression system. On January 1, 2015, Board of Directors approved a scheme of amalgamation under Sections 391 to 394 of the Companies Act, 1956 for amalgamation of Himgiri Solutions Private Limited and Destiny Zone Security Systems Private Limited with Ranjeet Electric Private Limited,, with the appointed date as April 1, 2014. At present, the company is providing specialized firefighting solutions as a system integrator. Its expertise is to provide end to end solution in the installation, designing, commission, testing, implementation, management and operational support for technology - based security and fire solutions.