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KRChoksey Research’s IPO Report
Rolex Rings Ltd. is one of the top five forging companies in India in terms of installed capacity and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including two -wheeler, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles, industrial machinery, wind turbines and railways, amongst other segments.
It supplies domestically and internationally to large customers including leading bearing manufacturing companies, tier-I suppliers to global auto companies and some auto original equipment manufacturers.
Rolex Rings is a major supplier to some of the leading players including SKF India Ltd., Schaeffler India Ltd., Timken India Ltd., National Engineering Industries Ltd. and NRB Bearings Ltd. which together account for 81% of the market share of Indian bearing industry.
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