Rolex Rings - Stock TechnoFunda Ideas

Rolex Rings (1829 to 2265)

#ROLEXRINGS
Recommended on: 30-Oct-2022
Recommended Price: 1829
Today’s High: 2265
Till Date Return: 23.84%
Date High Made: 20-June-2023

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Company History

Rolex Rings Ltd. started its business as a partnership firm in 1977-1978 by two of its Promoters, Rupesh Dayashankar Madeka and Manesh Dayashankar Madeka. Over the years, the company expanded its operations and admitted several partners, eventually converting into a joint stock company under the Companies Act, 1956. In 2021, the company changed its name to Rolex Rings Limited upon conversion to a public limited company.

Manufacturing Capabilities and Product Portfolio

Rolex Rings Ltd is engaged in manufacturing and selling of hot rolled forged & machined bearing rings and automotive components. Its manufacturing capabilities are complemented by tool design, engineering, and product development capabilities. The company has offered a diverse range of hot forged and machined alloy steel bearing rings weighing from 0.01 kilograms to over 163 kilograms, and with inner diameter of 25 millimeters to outer diameter of 900 millimeters. This makes the products suitable for a wide range of end-user industries such as automotive, railways, industrial infrastructure, renewable energy, among others.

Company Milestones and Awards

Over the years, Rolex Rings Ltd. has achieved several milestones and received numerous awards from customers in relation to technology, cost and productivity, and new product development. The company has also received various certifications, demonstrating its dedication and commitment to quality and service excellence. In 2021, the company received the ‘Q1 Preferred Quality Status’ award from Ford and is in the process of renewing its IATF 16949 and ISO 9001 certifications, recommended by TUV NORD – Germany.