The Company is engaged in the manufacture of various rubber goods, that cater to the needs of a wide range of industries. The broad product categories manufactured by the Company are hose pipes, rubber sheet, moulded rubber items, extruded rubber products and coated fabrics &
The Company was incorporated on 9th December 1965 as a private limited Company and was subsequently converted into a public limited Company on 25th September 1989.
The Company was promoted by a team of professionals comprising late Mr Narayan L Shetty, Mr Sadanand A Shetty, Mr Subbaya C shetty & Mr S Krishnadas Shetty.
1977 – The Company became a medium scale unit, registered with the DGTD in February & also received a recognition from the Ministry of Science and Technology, Government of India for its R and D unit, in October, 1982.
The Company is engaged in the manufacture of various rubber goods, that cater to the needs of wide range of industries. The broad product categories manufactured by Comp. are hose pipes, rubber sheet, moulded rubber items, extruded rubber products & coated fabrics.
The Company has a subsidiary, namely Rubber Products International [Indias] Pvt Ltd [RPIILs]. RPIIL is engaged in export trading in rubber & related goods. RPIIL is also engaged in the export of goods manufactured by RPL against orders.
1992 – A new Company under the name & style ‘Rubber Products International [Indias] Private Limited’ was promoted as a subsidiary for trading export business.
1994 – During the year under review the Company issued 12,00,000 No. of Equity Shares by way of Bonus Shares in the ratio of 3:1. With this issue of Bonus Shares, the paid up Equity Share Capital of the Comp. increased from Rs. 40 lacs to Rs. 160 lacs.
The Company has made a public issue of 20,00,000 No. of Equity Shares of Rs. 10/- each for cash at a premium of Rs. 20/- per share in April in addition to 4,00,000 Equity Shares reserved, for Promoters for preferential allotment.
– The aggregate amount so raised would be Rs. 720 lacs representing Share Capital of Rs. 240 lacs & Share Premium Account of Rs. 480 lacs.
The Company has developed product from hypolon polymer like silicon & viton.
1995 – During the year under report, as part of expansion and modernisation programme, the Comp. has installed some more items of machinery & equipments.
– As part of expansion programme, the Comp. proposes to manufacture flooring sheets in continuous length.
1996 – During the current year, the Company has effected shipments to Australia.
– The Linatex Division has developed highly abrasion resistant moulded components for slurry pumps.
1997 – The Company has set its sights on buying up rubber plantations in Kalimantan in Indonesia, having recently abandoned a $40 million joint venture with the Vietnamese military to set up a 30,000-hectare rubber plantation in the country.
Harrisons Malayalam & the Vietnamese military had signed a memorandum of understanding for a 60 per cent stake in the joint venture in June.
The Company has installed one imported Rotocure machine which was commissioned on 26th September. The production capacity has increased which will reflect in additional export in the years ahead.
– On acquiring Rs 25 lakhs shares the `Cosmos’ became subsidiary of the Company. Cosmos became Public Comp. under Section 43A of the Companies Act, 1956.
1998 – The Company has been accredited with ISO 9002 certificate by Det Norske Veritas – Netherlands during the year.
The Company is exploring the possibility of diversifying into activities in related items viz development of Rubber to metal bonded items etc.
– The Board has also evolved a scheme for the revival/rehabilitation of sick industrial co-operatives through share capital participation to the extent of Rs.2 lakhs, subject to the fulfillment of certain special conditions.
1999 -The Company is emphasizing on expanding export market. The Comp. has also developed extrusion capacity to cater to the Export needs.
– 15,10,020 Shares of Rs. 10/- each allotted as fully paid up Bonus Shares by capitalisation of General Reserve.
2000 -The Company has decided, subject to necessary approvals, to merge the subsidiary company, Rubber Products International [Indias] limited with the holding company.
2003-Delisting of shares from Ahmedabad, Bangalore & Delhi Stock Exchange
The Company has informed that the Company directorate has changed due to the sad demise of Chairman Mr. Sadanand A Shetty on February 23, 2007.
The Registered office located at Plot No. C-44, Road No. 28, Wagle Industrial Estate, Thane (W) – 400 604, Maharashtra, India.
The Rubber Products Limited (RP), with headquarters located in Thane, is an Indian manufacturer of industrial rubber products including hose pipes, rubber sheets, and molded and extruded items. The company was established in 1966 as a small scale company. Three decades later, it has grown into a public limited company with a team of more than 250 employees. RP is listed on Bombay Stock Exchange.
The company offers cable protection hose, oil suction and discharge hose, dredging hose, chemical hose, rubber hose, air cell flexible separator, moulded items, extruded items, inflatable items, coated fabrics and other products. It serves more than 1,000 companies, covering almost every sector of the industry including chemical and pharmaceutical, shipping, textile, mining, steel and fertilizers, as well as government sectors such as railways, defense, civil, aviation and telecommunications. Its clients include Thirumalai Chemicals, BPL Railways, Deepak Fertilizers, Essar, Kudremukh Iron Ore Company Limited, Bombay Dyeing, and Goa Shipyard.
RP is one of India’s leading manufacturers of industrial rubber products. The company aims to provide products of superior quality and value, in order to ensure customer satisfaction and preference and also profitable growth. This purpose will be achieved through continuous improvements of process focused on total quality, productivity and cost effectiveness.
The company has a state-of-the-art manufacturing facility at Wagle Industrial Estate, Thane. Its quality system conforms to the standards of ISO 9001.
Group or Branch:
WAGLE INDUSTRIAL ESTATE 400 604, THANE, INDIA