The company was incorporated as ‘Rishabh Instruments Private Limited’, a private limited company, under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 6, 1982, granted by the Registrar of Companies, Maharashtra at Mumbai (ROC). Pursuant to the conversion of the company into a public limited company and as approved by its Board on September 8, 2022, and a special resolution passed by its Shareholders at the extra-ordinary general meeting on September 13, 2022, the name of the company was changed to ‘Rishabh Instruments Limited’ and the RoC issued a fresh certificate of incorporation on September 22, 2022.

Rishabh Instruments is a global energy efficiency solution company focused on electrical automation, metering and measurement, precision engineered products, et al. with diverse applications across industries including power, automotive and industrial sectors. It supplies a wide range of electrical measurement and process optimization equipment, and is engaged in designing, developing and manufacturing, and sale of devices significantly under its own brand across several sectors. It provides comprehensive solutions to its customers looking for cost-effective ways to measure, control, record, analyse and optimise energy and processes through its array of products. It also provide completes aluminium high pressure die casting solutions for customers requiring close tolerance fabrication (such as automotive compressor manufacturers and automation high precision flow meters manufacturing and supply of analog panel meters, and it is among the leading global companies in terms of manufacturing and supply of low voltage current transformers. Lumel is the most popular brand in Poland for meters, controllers, and recorders and Lumel Alucast is one of the leading non-ferrous pressure casting players in Europe.

Business area of the company

The company is a vertically integrated player involved in designing, developing, manufacturing and supplying (a) electrical automation devices; (b) metering, control and protection devices; (c) portable test and measuring instruments; and (d) solar string inverters. In addition, it manufactures and supply aluminium high pressure die casting through its Subsidiary, Lumel Alucast. It also provides certain manufacturing services which include mould design and manufacturing, EMI/EMC testing services, Electronic Manufacturing Services, and software solutions (e.g., MARC). 

Key awards, accreditations and recognitions

• 2005: Recognized as a star performer (large enterprises) by Engineering Export Promotion Council, India, Western Region for 2004 - 2005.
• 2005: Received a second runner up trophy at the NIMA (Nashik Industries Manufacturing Association) Excellence Awards 2004 - 2005.
• 2006: Recognised as a star performer as medium enterprise in the product group of miscellaneous instruments and appliances by Engineering Export Promotion Council, India, Western Region for 2005 - 2006.
• 2007-2009: Recognised as a star performer (miscellaneous instruments and appliances, large enterprise) by Engineering Export Promotion Council, India for two consecutive years.
• 2010-2012: Recognised as a star performer (miscellaneous instruments and appliances, large enterprise) by Engineering Export Promotion Council, India for two consecutive years.
• 2014: Innovation award for N43 power network meter received by Lumel SA.
• 2014: Best company in Lubuskie Region (Poland) under 25-year-old companies received by Lumel SA.
• 2014: BLASER Productivity Trophy 2014 awarded to Lumel SA.
• 2015: Business Leaders Award received by Lumel SA.
• 2016: Most popular brand in the group of indicators and temperature controllers received by Lumel SA.
• 2018: Most popular brand in the group of indicators and temperature controllers received by Lumel SA.
• 2018: Most popular brand in the group of recorders received by Lumel SA.
• 2019: Good Lubuskie Award for HT22 data logger received by Lumel SA.
• 2020: Best building in December in Europe received by Lumel SA.
• 2021: Lubuski Mister Budowy Award (building master) received by Lumel SA.
• 2022: Received recognition for “digitization and innovation” at the ABB Supplier Meet 2022.

Major events and milestone

• 1982: Incorporation of the Company.
• 1983: Entered into an agreement for technical assistance with a Germany based company.
• 1993: 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 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 equipment’s.
• 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 “Lumel” Spolka akcyjna in Fiscal 2012.
• 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.
• 2018 Entered into a brand label frame agreement with one of the leading industrial manufacturing company
• 2020: Lumel SA built a manufacturing facility for electronics manufacturing Lumel acquired a division of product from Relpol S.A.
• 2021: Received M-SIPs approval from the Government of India.
• 2023: Received approval for financial incentives under the Maharashtra Electronics Policy, 2016 and Package Scheme of Incentive Policy, 2019.