Rappid Valves (India) Ltd - Stock Valuation and Financial Performance

Rappid Valves (India) Limited was originally formed as a Private Limited Company under the name ‘Rapid Valves (India) Private Limited’ under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Mumbai on May 24, 2002. Subsequently, the company changed its name to “Rappid Valves (India) Private Limited” vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the Company held on January 24, 2009 and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Mumbai on February 10, 2009. Subsequently, the status of the Company was changed to Public Limited and the name of the Company was changed to “Rappid Valves (India) Limited” vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the Company held on January 31, 2024. The fresh certificate of incorporation consequent to conversion was issued on June 20, 2024 by the Registrar of Companies, Mumbai.

Rappid Valves (India) recognized by its brand name ‘Rapid’ also known as ‘Rappid Valves’, being an Engineering Company, is primarily engaged in the manufacturing of Valve solutions. Its extensive product portfolio encompasses a vast range of valves which includes Ball valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block valves, Strainer Valves and Marine Valves which are manufactured using ferrous and non-ferrous materials, sizes ranging from 15mm to 600mm catering to diverse requirement. It has introduced various products which included Top Entry Ball Valve, Gate Valve Trunnion Mounted Ball Valves, SDNR, Quick Closing Valve, Automated Valves, Wafer Type Ball Valves & many more which are a sub-type of Ball valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block valves, Strainer Valves and Marine Valves.  The company has also been accredited with various quality certifications such as ISO 9001:2015, 14001:2015, ISO 45001: 2018. Through years of field application experience, it has designed products that meet the stringent requirements of today’s flow control in Industry. Quality & Reliability is an Integral part of its practice and culture that guides its actions to deliver Products and Services that are safe and in line of near Zero Emission Technology.

Further, to consolidate the business operations, the company recognized its Registered office and manufacturing unit at the same location. The manufacturing unit is equipped with comprehensive range of standard machineries, including conventional machines, automated CNC machines, automated VMC, automated test benches and EOT cranes, Center Lathe, Milling, Radial Drilling, Bench Grinder, Haksaw, Hardness tester, Lapping, Arc weld, Air Compressor, Buffing, CNC Super jobber, VMC, Crane, Pallet Truck Lifter, PMI Machine, Testing Machine, etc. to support a seamless manufacturing process. The facility ensures adherence to international standards to facilitate smooth assembly process and easy logistics suitable for carrying out its manufacturing operations smoothly and efficiently. By following necessary safety standards and conducting safety meetings, it tries to keep its workplace safe.

Business area of the company

The company is an Engineering Company, primarily engaged in the manufacturing of Valve solutions. 

Products of the company

• Gate valves
• Globe valve
• Check valves
• Ball valves
• Butterfly valves
• Double block valves
• Marine swing check valves
• Marine butterfly valves
• Marine fire hydrant
• Marine quick closing valves
• Marine sounding cock valves
• Marine storm valves

History and milestones

• 2002: Incorporation of the Company under the name ‘Rapid Valves (India) Private Limited’.
• 2008: Certification from Det Norske Veritas for Fire Safety Test.
• 2008: Recognition from valves World.
• 2010: Certification from American Petroleum Institute for Authority to Use the official Monogram (API600 and API6D).
• 2012: Started Exporting to Dubai to Econosto.
• 2012: Approval from DNV to Manufacture Fire Safe Design Ball Valves as per API 607
• 2012: Go certified from IBR (Indian Boiler Regulation) to manufacture and supply IBR approved Gate, Globe and Check Valves.
• 2016: Certification from Det Norske Veritas for Fire Safety Test.
• 2021: Certified ISO 9001:2015 issued by ROSH Certification Pvt. Ltd. for Manufacturing of Industrial Valves (Gate, Globe, Check, Ball & Butterfly Valves Along with Various Motorized & Electrical Actuators) In Various Metallurgy
• 2023: Certified ISO 14001:2015 & 45001:2018 issued by ROSH Certification Pvt. Ltd. for Manufacturing of Industrial Valves (Gate, Globe, Check, Ball & Butterfly Valves Along with Various Motorized & Electrical Actuators) In Various Metallurgy.
• 2023: Received Investment of Rs 5 crore by Maharashtra Defence and Aerospace Venture Fund.
• 2023: Awarded as one of the Top 10 Valves Manufacturer for oil & Gas Industry from Industry Outlook.
• 2023: Certification from Marine Systems Research Institute
• 2023: IBR Certificate
• 2023: Received Maharashtra Defence and Aerospace Venture Fund (MDAVF) for which Company had issued Optionally Convertible Preference Shares.
• 2023: Certification from Det Norske Veritas for Fire Safety Test.
• 2024: Converted to Public Limited Company and Name changed to ‘Rappid Valves (India) Limited’.