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Affordable Robotic & Automation

Affordable Robotic & Automation

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About

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

Quarterly Results ( Figures in Rs. Crores.)

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Shareholders more than 1%

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Overview

The company was originally incorporated as “Affordable Robotic & Automation Private Limited” at Pune, Maharashtra as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated January 12, 2010, bearing Corporate Identification issued by Registrar of Companies, Pune, Maharashtra. Subsequently, the company was converted into a Public Limited Company pursuant to a Shareholders’ resolution passed at the Extra-ordinary General Meeting of the Company held on January 24, 2018 and the name of the company was changed to “Affordable Robotic & Automation Limited” vide a fresh Certificate of Incorporation dated February 2, 2018 issued by the Registrar of Companies, Pune, Maharashtra.

The business which was started in year 2005 as a proprietorship concern, is in the business of providing turnkey automation solution to automotive, semi-automotive and manufacturing industries. The company programs and automates the functions of machines used in manufacturing process of automobile industry. The Assembly facility of the company is situated at Pune, Maharashtra along with the Head office, covering an area of 8,442 sq. meters. The assembly unit is equipped with requisite software, technology, machinery, spares store and other basic amenities for its employees making itself an integrated facility. The company is also in the business of assembling and installing automatic multilevel car parking system. This system is preferred by residential complexes, shopping malls and commercial buildings. The company has presence in Mumbai and Pune in automated car-parking business.

Business area of the company

The company specializes in analysing the process which is followed in its manufacturing activity and thereby strives to provide quality automation solution to increase the productivity and client’s satisfaction. The company has an in-house team with technical expertise who does the required programming by using advanced software. The company operates with a customer centric approach whereby it focuses on continuous training of team which helps it to be innovative and provide quality solution to its customers.

Key events and milestones

  • 2010: Incorporation of the company as Affordable Robotic & Automation Private Limited.
  • 2016: Entered into Equity Joint venture in Shanghai, China with Shanghai Rachen Intelligent Equipment Company to start a Subsidiary Company namely ARAPL Intelligent Equipment Shanghai Company.
  • 2018: Conversion of Company from Private Limited to Public Limited.
Brands Of Affordable Robotic & Automation

Brands Of Affordable Robotic & Automation

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