Drilling Equipment, Drilling Accessories, Coal Mining, Metal Mining, Blast Hole Drills, Electric Blast Hole Drills, Diesel Blast Hole Drills, Construction Equipment, Track Drills, Pneumatic Track drills- Revathi Equipment Limited, Coimbatore, India.

Background

Location

The company was incorporated as a private company on May 30, 1977 under the name of Revathi Equipment Private Ltd and started its manufacturing operations at its present location at Coimbatore, Tamil Nadu, India.

Subsequently, the company was converted into a public limited company on November 4, 1977 and entered into a technical and financial tie-up with world renowned Chicago Pneumatic Tool Company (CP), USA for the manufacture of water well rigs, blast hole rigs, drilling accessories and allied products. Accordingly, the name of the company was changed to Revathi-CP Equipment Ltd. CP was holding 40% of the paid-up share capital of Revathi and Revathi became a division under the Industrial Tools Division of CP, USA. The balance 60% of the paid-up share capital was with the Indian public and various financial institutions.

In the mid 80’s, CP was acquired by another world renowned European giant Atlas Copco, Sweden. Thus by virtue of such an acquisition, Revathi became a group company of Atlas Copco, Sweden.

In the year 2001, the name of the company was changed from Revathi-CP Equipment Ltd to Revathi Equipment Ltd.

In the year 2002, Atlas Copco India Ltd and Chicago Pneumatic Tool Company, USA sold their 40% paid-up share capital in Revathi Equipment Ltd to Utkal Investments Ltd, New Delhi which is a part of Renaissance Group headed by Mr.A.H.Dalmia. Thereafter, pursuant to SEBI's Takeover Code, the Group acquired another 20% from the public shareholders to take their stake to 60%.

Revathi Equipment Ltd (REL) is registered with BSE, NSE and Coimbatore stock exchanges.