Rolex Rings Ltd. Company History and Annual Growth Details

The Company started its business under the partnership firm by the name of ‘Rolex Industries’ by two of the Promoters, Rupesh Dayashankar Madeka and Manesh Dayashankar Madeka in 1977-1978. The partnership deed was executed at Rajkot on April 26, 1988 and Jiten Dayashankar Madeka was admitted as partner in Rolex Industries. Further, on October 10, 1989, Ashok Dayashankar Madeka and Pinakin Dayashankar Madeka were admitted as partners in Rolex Industries and on December 31, 2002, Bhautik Dayashankar Madeka, Paresh Dayashankar Madeka, Mihir Rupeshkumar Madeka, Hemal Paresh Madeka and Sanjay Bhagwanji Bole were admitted as partners in Rolex Industries. The partnership firm was, thereafter, converted into a joint stock company under the Companies Act, 1956, in the name of ‘Rolex Rings Private Limited’, and a certificate of incorporation dated February 13, 2003, was issued by the RoC. The name of the Company was further changed to Rolex Rings Limited upon conversion to a public limited company pursuant to the special resolution dated February 19, 2021 passed by the Shareholders of the Company and a fresh certificate of incorporation was issued by the RoC on March 10, 2021.

Major events and milestones :

1977

- Commencement of business in the name of Rolex Industries

1978

- Formation of partnership firm in the name of Rolex Industries

1988

- Started manufacturing of forging and forged products

1989

- Obtained Importer-Exporter code for export of business

1991

- Commissioning of Unit 1

2003

- Purchase of Sakamura model HBP-160

- Conversion of partnership firm into Company

2007

- Purchased 6 Manyo 600 tons Auto Forging Press

- Investment by Rivendell PE LLC

- Purchase of (a) Hatebur Hotmatic – HM75XL Hot Former, (b) Sakamura Model HBP – 120SS

- Availed registration of central excise for Unit 2

2010

- Purchase of SMS MEER Ring Rolling line

2011

- Purchase of Hatebur-Hotmatic@ HM 35 Machine

2014

- Setting up of Unit 3

2017

- Purchase of Sakamura Model: HFW-1000-4 Hot Former

2018

- Purchase of Servomoto Driven Screw Press 16000kN from Enomoto Machine Co. Limited

2019

- Crossed Rs. 9,000 million in revenue in Fiscal 2019.