The Company was incorporated as ÂRishabh Instruments Private LimitedÂ, 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 ÂRishabh Instruments LimitedÂ, 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 equipmentÂs
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 ÂLumel 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 ÂLumel 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
2020Â
-Company awarded Best Building Award in December in Europe received by Lumel SA.Â
-Rishabh Instruments acquired a product division from Relpol S.A. through Lumel SA and established an electronics manufacturing plant.Â
2021Â
-Lubuski Mister Budowy Award (building master) received by Lumel SA.Â
-Rishabh Instruments received M-SIPs (Modified Special Incentive Package Scheme) approval from the Government of India.Â
2022Â
-Received recognition for Âdigitisation and innovation at the ABB Supplier Meet 2022.Â
2024
-Rishabh Instruments has initiated the expansion of its existing manufacturing facilities in Nashik, Maharashtra.