Rishabh Instruments Limited IPO

Rishabh Instruments is a global energy efficiency solution company focused on electrical automation, metering and measurement, precision engineered products, etc., with diverse applications across industries including power, automotive, and industrial sectors.

The company supplied a wide range of electrical measurement and process optimization equipment, and are engaged in designing, developing and manufacturing, and sale of devices significantly under its own brand across several sectors. The company also provides comprehensive solutions to its customers looking for cost-effective ways to measure, control, record, analyse and optimise energy and processes through our array of products.

Rishabh Instruments provides complete aluminium high pressure die casting solutions to customers, who require close tolerance fabrication (such as automotive compressor manufacturers and automation high precision flow meters manufacturers), machining and finishing of precision components. It is also a global leader in manufacturing and supply of analogue panel meters, and are among the leading global companies in terms of manufacturing and supply of low voltage current transformers.

The company’s product portfolio consists of over 145 product lines and 0.13 million stock keeping units as of May 31, 2023. In Fiscals 2023, 2022 and 2021, the company manufactured an aggregate of 16.21 million units, 14.02 million units and 13.35 million units of products, respectively, across their product lines.

The company’s R&D centres in India, Poland and China are staffed with a team of 95 engineers as of May 31, 2023. Meanwhile, Rishabh Instruments manufactures all its products in-house from their five manufacturing facilities – two in India, two in Poland and one in China.

The company has an extensive network of 175 authorized distributors/stockists across 81 districts in India with direct sales conducted through eight sales and marketing offices (New Delhi, Kolkata, Mumbai, Ahmedabad, Pune, Chennai, Bengaluru, and Hyderabad). Globally the company serves customers in over 100 countries. In Fiscals 2023, 2022 and 2021, the revenue generated from its Indian operations accounted for 34.26%, 32.14% and 32.25%, respectively, of our total revenue from operations. In Fiscals 2023, 2022 and 2021, the revenue generated from our overseas operations accounted for 65.74%, 67.86% and 67.75% of our total revenue from operations, respectively.