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Rexnord Electronics and Controls Ltd. Company History and Annual Growth Details

Rexnord Electronics and Controls Limited was incorporated as a Private Limited Company on the 4th July 1988 under the name and style of Rexnord Electronics and Controls Private Limited and, later, converted into a Public Limited Company, pursuant to the provisions of Section 23 of the Companies Act 1956 by passing a Special Resolution in the Extra-Ordinary General Meeting held on the 8th March 1994. The Company obtained a fresh Certificate for change of name, on conversion, on the 15th April 1994 from the Registrar of Companies, Maharashtra, at Bombay.

The Company was set up in 1988 and was initially engaged in assembly of instrument cooling fans by importing the kits in complete knock-down condition. In the year 1992, the Company entered into a Technical Collaboration with M/s Sun Elect Trading Co. Ltd (Taiwan) for manufacture of AC fans and M/s Micron A. Engineering Co. (South Korea) for manufacture of DC fans. The Company commenced the regular in-house production of AC fans and DC fans from basic raw materials in August 1993 and February 1994 respectively.

The Company has expanded its production facilities at the existing site from 1 lac of AC fans and 2 lac of DC fans to 3 lac of AC fans and 7.62 lac of DC fans per annum. The required items of machines and moulds have been sourced through the Company's Technical Collaborators. The cost of
the ongoing expansion is Rs. 208 lacs, which is financed by Equity Capital of Rs. 50 lacs, internal accruals of Rs. 8 lacs and interest-free loan of Rs. 5 lacs and a Term Loan of Rs. 145 lacs from SICOM under the Equipment Refinance Scheme.

The Company proposes to further expand its productions facilities at a new site in TTC Industrial Area (Electronic Zone), New Bombay. This expansion at the new site is the proposed project of the Company.

2014
-The Board of Directors of the Company has allotted 10,98,300 Equity Shares of Rs. 10/- each at a premium of Rs. 3.40/- each.

2015

-Started manufacturing Energy Saving Fans and Motors
- Received ONE STAR Export House certificate.

2017

-Tool Room Modernize

2018

-ISO 9001-2015 Certification
-Started manufacturing Brushless DC Motors (BLDC Motor)

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