Rockman Industries
 | This article needs additional citations for verification. (May 2015) |
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| Formerly | Rockman Cycles Limited |
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| Industry | auto components manufacturing |
| Founded | 1960 |
| Headquarters | , India |
Key people |
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| Products |
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| Website | www |
Rockman Industries, formerly Rockman Cycles limited, is an Indian auto components manufacturer, based in New Delhi, India. The company is one of India's largest auto component manufacturers.[1] Rockman Industries is primarily engaged in the manufacturing of aluminum die casting components, machined and painted assemblies, auto chains and parts.[2] In January 2017, Rockman Industries entered the carbon composites sector with the acquisition of Moldex Composites, a UK-India carbon composite design and manufacturing company.[3] Rockman was founded in 1960 and is led by Suman Kant Munjal, Chairman[4] and Ujjwal Munjal, Managing Director.[5]
History
[edit]A part of the Hero Group, Rockman Industries (formerly Rockman Cycles limited.[6]) was set up in 1960[6] and started to manufacture bicycle chains and hubs for Hero Cycles.[7] In 1999,[8] it diversified into high pressure aluminium die cast components and automotive chains for Hero MotoCorp (Erstwhile Hero Honda). In 2005[7] it closed the bicycle chains and hubs business and from November 2005, is only manufacturing die casting components and auto parts. In 2008,[9] Rockman Industries set up a new auto components plant in Uttaranchal. In February 2014, Rockman Industries acquired Sargam Die Casting company[10] and started its new facility at Bawal (Haryana). In January 2017, Rockman Industries acquired a majority stake in Moldex Composites to enter the aerospace, motorsport and high-end auto component manufacturing space.[11] In 2019, company inaugurated two new plants at Vadodara and Tirupati. In Tirupati plant company is manufacturing four wheeler alloy wheels.
Manufacturing units
[edit]Rockman Industries has eight manufacturing plants at Ludhiana, Haridwar,[12] Chennai , Bawal, Surat, Vadodara and Tirupati. In Ludhiana they have two plants, one for chains and the other for aluminium die casting products. All other locations manufacture die casting components.[7] Surat's unit is manufacturing advanced composites parts.
Customers
[edit]Rockman Industries supplies its products to Hero MotoCorp and various global automotive companies[13] including: TVS,[14] Honda, Royal Enfield,[14] Revolt, Ather, Hyundai, Kia, Ford Motor,[14] Mahindra, Tata, Bosch,[14] Stanadyne, Dana, Denso, Nemak, PSA AVTEC, KSP Automotive, Continental,[14] Magna, Hanon System, Wabco, Mando, Getrag, BorgWarner, iwis and others.
References
[edit]- ^ Sinha, Ashish. "Wheels Of Success". BW Businessworld. Retrieved 22 April 2019.
- ^ "Rockman Industries Ltd – Company Profile and News". www.bloomberg.com. Retrieved 22 April 2019.
- ^ "Hero Group's Rockman Industries acquires Moldex Composites for Rs 100 cr – ET Auto". ETAuto.com. Retrieved 22 April 2019.
- ^ "Stocks". www.bloomberg.com. Retrieved 22 April 2019.
- ^ "28 Lecture Halls, 7 Labs & a Nanotechnology Cleanroom: New infrastructure for BML Munjal University students on Founder's Day". Retrieved 22 April 2019.
- ^ a b "Rockman Industries Limited" (PDF). ICRA Limited.
- ^ a b c "CRISIL Ratings" (PDF). CRISIL.
- ^ "Rockman Ind to set up plant at over Rs 100 cr". The Financial Express (India). 24 May 2007. Archived from the original on 14 February 2015. Retrieved 5 January 2015.
- ^ Ashish Sharma (23 July 2007). "Rockman to set up plant in Uttarakhand". Business Standard. Retrieved 5 January 2015.
- ^ Bhawna Gupta (18 February 2014). "Hero Group's auto component firm Rockman to buy majority stake in Sargam Diecastings". VCCircle. Archived from the original on 3 November 2014. Retrieved 5 January 2015.
- ^ "Hero Group's Rockman Industries acquires Moldex Composites for Rs 100 cr - ET Auto". ETAuto.com. Retrieved 17 September 2020.
- ^ "Rockman Ind to set up auto parts plant". The Economic Times. 24 May 2007. Archived from the original on 14 February 2015. Retrieved 5 January 2015.
- ^ "Domestic & International Customers". Rockman Industries.
- ^ a b c d e "Hero Group's auto component firm Rockman to buy majority stake in Sargam Diecastings". VCCircle. 20 February 2014. Retrieved 17 September 2020.