Rishabh Instruments Ltd. Company History and Annual Growth Details

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 Aparatów Elektrycznych “Lumel” Spólka 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 Aparatów Elektrycznych “Lumel” Spólka 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