Rasandik Engineering Industries India Ltd (522207) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Rasandik Engineering Industries India Ltd.is a respectively a new company established in 1986, a dynamic and forward thinking auto sheet metal component manufacturer. Totally committed to quality throughout its manufacturing processes, Rasandik is TS 16949 and ISO 14001 accredited company.

From its inception in 1986, Rasandik's growth has been impressive and it now supply fuel tanks and other steel metal components including Sub Assemblies, Engine Mounting, Suspension Parts, Rear Axle, Pedal Assembly and other parts to many of India's leading OEMs'A tier 1supplier, Rasandik's customers include Maruti, Honda, and Fiat India, amongst others.

Rasandik was quick to realise that suppliers will need to shift their perception from using low technology to state-of-the-art. The use of high level of automation in Press Shop and Robotics in welding would result in product quality consistency of enhancement of productivity levels. To realize this goal, the company has invested heavily in advanced equipment and technology including CATIA, Unigraphics & Hyperform software being used in designing and development of Components, Tools and Dies, Welding and Checking Fixtures.

The CAM section of the software assists in manufacture of Tools & Dies at a rapid pace. To cement our stake in the global market Rasandik has further planned to offer Tailor Welded Blank system and provide a single point responsibility from product design to product delivery. Establishing an independent Tool Shop in 2002, Rasandik is capable of offering Turnkey Solutions for CAD/CAM/ CAE and Reverse Engineering around CATIA and Unigraphics applications package. Rasandik is rapidly moving up the value addition chain and becoming an integrated component manufacturer.

Product range of the company includes:

• Tailor Welded Blanks
• Tools & Dies 
• Body Parts
• Fuel Tank
• Exhaust Line & CNC Bending 
• Sub Assemblies
• Engine Mounting
• Suspension Parts
• Rear Axle
• Pedal Assembly

Milestones:

• 1986 - Commenced manufacturing of Fuel Tanks dies and regular production of Omni Fuel Tanks.
• 1994 - Major expansion of capacity. Set up 400T / 200T Mechanical Presses, Hydraulic Presses and Fuel Tank Assembly Line.
• 1995 - Established State of the art water based Paint Shop.
• 1996 - Enhanced capacity by adding 630T and 200T Mechanical Presses to the Press Line. Rasandik was the first ancilliary to introduce Moving Bolster concept.
• 1998 - Introduced Robot for Mig Welding Member Engine Mounting
• 1999 - Surajpur plant consisting of Press Shop with Lead Press of Line. Introduced Robot for Spot Welding operation and integral Transformation Guns for spot welding.
• 2000 - CATIA introduced at Raj-Ka-Meo to carry out product design, Surface Modelling and Die Designing and CAM as a part of Tool Room expansion plans. Reverse Engineering technique have been introduced for component modeling using scanning probes. Introduced Co-ordinate Layout Measuring Machine. Started manufacturing of the new tooling in-house.
• 2001 - Turnkey solution for CAD/CAM/CME and Reverse Engineering Green Chain Management certification.
• 2002 - Set up State-of-the-art Tool Shop at Sohna. Obtained TS 16949 & ISO 14001 Certification.
• 2003 - Enhanced Press Line capacity by adding a 1200T Press & introduced conveyorised spay pre-treatment paint line and Exhaust Muffler Line At Surajpur.
• 2006 (12th June) - Launch of the very first Tailor Welded Blanks system in India, at Sohna, Gurgaon. A state-of-the-art TW welder of the type LPQ 3000 with capacity of a million meter per year of laser welding.

Achievements/ recognition:

• Quality management system certificate in ISO/TS 16949:2002.
• ISO 9001 certified
• ISO 14001 certified
• The Very First Tailored Blank Welding System in India being set up by Market Leader and Pioneer Rasandik.