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Raja Bahadur International Ltd. Company History and Annual Growth Details

Raja Bahadur International Limited (RBIL), formerly known as The Raja Bahadur Motilal Poona Mills Ltd., was promoted by the Pittie family, renowned entrepreneurs, around the end of 19th century of pre-independent India and was incorporated as a Public Limited Company in 1926 for carrying out the manufacture of textile products.

The Company further diversified and were pioneers in the manufacturing of drawing office/reprographic equipment, mini drafters and high precision machine tool accessories. The products of the Company are sold under the brand name "PITTIE", which came to be accepted as a mark of quality by the public and private sectors, across the length and breadth of the country.

1925 - The Company was incorporated at Mumbai. The main object of the
Company is to manufacture cotton textiles, drafting machines,
jigs, tools, fixtures and agricultural tractors.

1960 - A new engineering division was established to manufacture
drafting machines, jigs, tools, fixtures and special machines.

1976 - 14,105 Bonus shares issued in prop. 1:2.

1979 - 14,105 Bonus shares issued in prop. 1:3.

1981 - In February a new unit at Ahmednagar for the manufacture of
machine tool rehabilitation-cum-modernisation. After considering
the submissions made by the concerned parties, BIFR gave its
sanction to the said scheme with minor modifications. The
Company signed a memorandum of understanding with its labour
union incorporating various terms and conditions as assigned by
BIFR in the proposed rehabilitation-cum-modernisation package.

- The Company had set up Marketing Division for marketing a wide
range of drawing office, reprographic equipment and machine tool
accessories.

1982 - New models of drafting machines were introduced.

1983 - The Company secured a right to manufacture a range of paper
shredders.

1984 - The new range of paper shredders were introduced in the market.
The first phase of automation of the internal grinding machines
were developed to meet the completed.

1985 - New drafting machines were developed to meet the competition at
home and also to cater to exports market. Subcontracting jobs
were accepted for better capacity utilisation and for increased
turnover.

1986 - A colour feeding pump for textile mills was introduced.

1987 - The different models of chairs were developed and the Company's
R & D undertook the design and production of imported German
model of paper shredders viz. sympathic 100 hitherto imported.
Also, a new type of cabinet for the said model was introduced.

- The textile division remained closed since 25th August, due to
labour unrest. It was reopened on 5th August, 1989, but it was
decided to keep the entire weaving shed closed.

1989 - As per the scheme of rehabilitation, the promoters stake in the
equity capital was to be increased by Rs.50.0 lakhs. Accordingly
50,000 No. of equity shares of Rs.100 each were to be allotted to
them in due course. By the end of March, promoters had already
brought in an amount of Rs. 25,25,000.

1990 - During 1990 and 1991-92, Engineering division incurred loss due
to high input cost and low sales realisation.

- As per the terms of rehabilitation scheme, 38,750 shares allotted
to promoters.

1991 - The Company had submitted a revised scheme to IFCI, after taking
into account the market conditions.

- Raja Bahadur Motilal Export Import Ltd., is a wholly owned
subsidiary of the Company.

- Some of the fixed assets of the textile and engineering division
were revalued as on 30th June 1985. The net surplus arising out
of this was credited to Revaluation Reserve.

2006

-Company has changed its name from Raja Bahadur Motilal Poona Mills Ltd. to Raja Bahadur International Ltd.

2007
-Raja Bahadur International recommends dividend @ 10% on equity capital.

2008
-Raja Bahadur International has recommended dividend @ 10% on equity capital.

2014
-Raja Bahadur International appointed Mr. Milind Korde as Additional Director of the Company. And Mr. S. N. Pittie and Mr. S. K. Jhunjhunwala have been appointed as Key Managerial Personnels of the Company.

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