Rockman Industries

Last updated

Rockman Industries
FormerlyRockman Cycles Limited
Industryauto components manufacturing
Founded1960
Headquarters
New Delhi
,
India
Key people
Products
  • Aluminum die casting components
  • Machined and painted assemblies
  • Auto chains and parts
  • Carbon composites
Website www.rockman.in

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]

Contents

History

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

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

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.

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References

  1. ↑ Sinha, Ashish. "Wheels Of Success". BW Businessworld. Retrieved 22 April 2019.
  2. ↑ "Rockman Industries Ltd – Company Profile and News". www.bloomberg.com. Retrieved 22 April 2019.
  3. ↑ "Hero Group's Rockman Industries acquires Moldex Composites for Rs 100 cr – ET Auto". ETAuto.com. Retrieved 22 April 2019.
  4. ↑ "Stocks". www.bloomberg.com. Retrieved 22 April 2019.
  5. ↑ "28 Lecture Halls, 7 Labs & a Nanotechnology Cleanroom: New infrastructure for BML Munjal University students on Founder's Day" . Retrieved 22 April 2019.
  6. 1 2 "Rockman Industries Limited" (PDF). ICRA Limited.
  7. 1 2 3 "CRISIL Ratings" (PDF). CRISIL.
  8. ↑ "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.
  9. ↑ Ashish Sharma (23 July 2007). "Rockman to set up plant in Uttarakhand". Business Standard . Retrieved 5 January 2015.
  10. ↑ 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.
  11. ↑ "Hero Group's Rockman Industries acquires Moldex Composites for Rs 100 cr - ET Auto". ETAuto.com. Retrieved 17 September 2020.
  12. ↑ "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.
  13. ↑ "Domestic & International Customers". Rockman Industries.
  14. 1 2 3 4 5 "Hero Group's auto component firm Rockman to buy majority stake in Sargam Diecastings". VCCircle. 20 February 2014. Retrieved 17 September 2020.
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