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Ricoh India Ltd. Company History and Annual Growth Details

RPG Ricoh Ltd was incorporated on 22nd October 1993, as a joint venture between RPG Industries Ltd and Ricoh Co. Ltd of Japan (Ricoh). A Memorandum of Understanding was entered into between the two parties in this regard, on 13th August, 1993. The Company has obtained a Certificate for Commencement of Business, from the Registrar of Companies, Maharashtra, dated 24th November, 1993.

RPG Industries Ltd. has the objective of arranging for the promotion/ setting up of companies for undertaking projects by syndication of intending promoters. For this venture, it has arrangeed syndication between Ceat Finance Company Ltd and International Computers Indian Manufacture Ltd. (ICIM) as the Indian Promoter Shareholders of the Company. Ceat Finance and ICIM are investing in the Promoters Share Capital to the extent of 34% of the proposed paid-up capital, with their investment being subject to locked-in as per SEBI guidelines. Hereinafter, Ceat Finance, ICIM and Ricoh of Japan, are collectively referred to as the "Promoters".

The PPC Division of Ceat Limited commenced operations in 1991, with technical knowhow from Ricoh Co Ltd. of Japan. Ricoh had originally entered into an agreement with the erstwhile Murphy India Limited (MIL), for the manufacture of dry process Plain Paper Copiers. With effect from 1st July, 1989, MIL, was, pursuant to a Scheme of Sanction by the Board for Industrial and Financial Reconstruction (BIFR), merged with Ceat Ltd, a company incorporated under the Act, on 10th March, 1958 by Investmenet Corporation of India Limited in technical and financial collaboration with Ceat Gomma, SPA of Italy, with all assets, liabilities and business activities transferred and vested in Ceat. Ceat imported its requirement of plant and machinery from Ricoh and commenced production of plain paper copiers with technical knowhow from Ricoh. Ceat has since been running this unit as its PPC Division with the product being marketed by International Computers Indian Manufacture Limited (ICIM), amongst others.

RPG pre-takeover formalities in compliance of the Act, such as approval of the Shareholders, Board of Directors etc. have been completed for concluding the sale of the PPC Division.

There are no pending litigations in respect of the PPC Division of Ceat Ltd. which would be transferred to the Company. Further, the said PPC Division of Ceat Ltd. has not had any labour problems.
2002

-H Kitada appointed as vice president (F&A) of Ricoh India.

2003

-Ricoh India Ltd has informed BSE that Mr Y Mizutani resigned form the Directorship of the company and the same was approved by the Board of Directors in their meeting held on January 30, 2003. Consequent to the resignation of Mr Y Mizutani, Mr H Kitada alternate director to Mr Y Mizutani also ceases to be Director of the company. Mr H Kitada was appointed as Alternate Director of Mr Y Miura.


2004

- Ricoh, is merging its two Indian subsidiaries, Gestetner India and Ricoh India.


2006

- Mr M Shiratori has been appointed as Additional Director of the Company.


2007

- Appointed Mr. N Maitra as President & CEO of the Company.


2009

- Mr. M Ishida has been appointed as an Additional (Non Executive) Director of the Company.


2010

- Strategic entry into the fast-emerging digital colour production printing segment in India by launching new range of products and offering printing solutions.

-Registered Office of the Company has been shifted To First Floor, Building No. 12, Solitaire Corporate Park,Andheri-Ghatkopar Link Road Andheri - East Mumbai - 400 093.


2012

- Hon'ble Bombay High Court approved Scheme of Amalgmation allowing Amalgamation of InfoPrint Solutions India Private Limited with Ricoh India Limited.

2013
-Ricoh Positioned as a “Leader” in 2013 Gartner Magic Quadrant Report for Managed Print Services Worldwide.
-Ricoh’s Ultra short-throw Projector Receives 5-star Rating.
-Ricoh Innovations Launches Ocutag™ Mobile Visual Search Platform from New Business Unit in India
-Ricoh named to World's Most Ethical Companies list
by Ethisphere for fifth year in a row.
-Ricoh to Establish a New Sales Company in Korea.

2014
-Ricoh India launches Document Process Outsourcing Services.
-Ricoh is one of the Global 100 Most Sustainable Corporations for the tenth year.
-Ricoh India launches 360° experience to enhance office productivity.
-Award Recognition for Ricoh’s Ultra Short Throw Projectors at the Global CSR Award 2014.
-Ricoh Asia Pacific Announces the Launch of Next Generation Continuous Feed Inkjet Platform for Graphics Communications Market.
-The Registered Office of the Company has shifted from 1201, Building No. 12, Solitaire Corporate Park, Andheri Ghatkopar Link Road, Andheri East, Mumbai 400093, To 801, 8th Floor, Ackruti Star, MIDC Central Road, Near Marol Telephone Exchange, MIDC, Andheri - East, Mumbai 400093, Maharashtra.

2015
-Signing of Memorandum of Understanding (MoU) with M/s. Vakrangee Limited
-Ricoh India Launches RICOH THETA S
-Ricoh India launches two high performance A4 Colour Multifunctional Printers in India
-Ricoh Asia Pacific Pte Ltd receives the Sustainable Business Awards Singapore 2015
-Ricoh India Launches Eco-friendly Multifunction Printer Series
-Ricoh India opens its first flagship retail store in Lucknow

2016
- Ricoh India Ltd. introduced the launch of Android based Smart Operation Panels for their new generation printers and MFPs.
- Ricoh India Ltd. announced, its tie up with Siemens industry software.
- Ricoh India Ltd. announced that it has signed an Order worth Rs. 344 Crores from Kerala State Electronics Development Corporation Ltd (KELTRON ) for Supply, Installation and Commissioning of Computer Hardware, Connected Accessories, Software.
- Ricoh India Ltd. launched upgraded version of ‘RICOH Pro L4100’ printer series.

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