Rockingdeals Circular Economy Ltd - Stock Valuation and Financial Performance

The company was originally incorporated on July 29, 2002 as a Private Limited Company as “Technix Electronics Private Limited” under the provisions of the Companies Act, 1956 with the Registrar of Companies, N.C.T. of Delhi and Haryana. Pursuant to a special resolution passed by the Shareholders at their Extraordinary General Meeting held on April 20, 2023, the company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the company was changed to “Technix Electronics Limited” and a Fresh Certificate of Incorporation consequent to Conversion was issued on July 10, 2023 by the Registrar of Companies, NCT of Delhi. Subsequently, pursuant to a special resolution passed by the company’s shareholder in the Extra - Ordinary General Meeting held on August 04, 2023 the name of the company was changed to “Rockingdeals Circular Economy Limited” and a Fresh Certificate of Incorporation was issued on August 17, 2023 by the Registrar of Companies, Delhi. 

Rockingdeals Circular Economy (Rockingdeals CE) is primarily a B2-B re-commerce player which started its operations in 2005. The company is primarily engaged in bulk trading of excess inventory, open boxed inventory, re-commerce products and refurbished products. These products range in several categories such as small home appliances, apparel, kitchenware’s and household, speaker & mobile accessories, large appliances, footwear etc. These products are generally of various well-known brands such as Samsung, Thomson, MI, LG, symphony, ZARA, Nike, Reebok, Campus, Sony, JBL, Boat, Gizmore, One Plus, etc. As the company is more of B2B platform, Rockingdeals CE take the aforementioned products in bulk from various dealers of Inalsa, Khaitan etc and supplies these products in bulk to clients such as Jindal Mega Mart, Brand Wala, VLE Bazaar, HIC International, PSUAVI, KRAT India, Zazz Technology besides to its sister companies such as (Rockingdeals, Rockingdeals (HYD), Harkrishanji Products). 

As on date the company has over 18 categories of Stock Keeping Units (SKU) i.e., electrical appliances (Syska, Havells, LG, Panasonic, Usha, Crompton, Luminous, Phillips etc.), apparels & footwear (Zara, Nike, Campus etc), speaker (Boat, JBL, Gizmore), mobile and mobile accessories (Lenovo, Boat, Gizmore etc) and various other products which the company procures from ecommerce vendors of platforms like Snapdeal (Juscorp), affiliates of Flipkart and Amazon etc; companies like GO Auto, Salora International, Zazz Technology Connect; and dealers & distributors like Matrix Housewares, Raj Agency, Sudhi Enterprises etc. It deals in bulk quantities, it procure the goods from its various vendors and mostly sell these products in bulk quantities itself. In order to store these products in bulk quantities it has a duly established, spacious and well connected to the National Highway No. 02, warehouse located at 12/03 Milestone, Near Sarai Metro Station, Mathura Road, Faridabad, Haryana.

Business area of the company

The company specializes in dealing with excess inventory across multiple brands in the B2B market. It assists businesses in liquidating their surplus stock, providing an efficient and effective solution for managing excess inventory. From small home appliances to televisions and accessories, the company’s extensive product portfolio ensures that it caters to every aspect of end consumers requirements. Under Large and Small Appliances, the company offers wide variety of Electrical Home Appliance of various well-known brands such as: Samsung, Panasonic, LG, Usha, Havells, Philips, Syska, Thomson, Eveready, Mi, Oneplus, Real Mi, Vu, Symphony, Wonder Chef, Luminous and other various brands. The company offers a wide variety of apparel and footwear. It offers wearable of different well-known brands such as Zara, Reebook, Nike, Redtape, Bata, Puma, Lotto, Sparx, etc, and offer huge amount of discount for apparel and footwear. It also offers the wide variety of refurbished, Open Boxed and returned Mobiles/ Computers and other accessories at very high discount to the end customers for various well-known brands such as Boat/ Real Mi, JBL, Bose, Sony, Nokia, VIVO, MI, One plus, Lenovo, etc. The company also offers wide range of premium lifestyle products designed to enhance the customer daily routine experiences. It sell watches, jewellery, eyewear spectacle frames, sunglasses, trimmers, shavers, hair straighteners, irons, backpacks and other necessary lifestyle items at discounted rates. 

Key events and milestones:

• 2002: Incorporation of Company as a private limited company with the name of “Technix Electronics Private Limited”.
• 2007: Honored with the Certificate of Appreciation for the outstanding performance in 2006-2007 by TATA Sky.
• 2010: Certificate of Appreciation by TATA Indicom for stellar efforts in the promotion of TATA Walky.
• 2011: Honored by Brightpoint for the Preferred Distributor of Brightpoint India Private Limited in Gold Category.
• 2016: Achieved the turnover of Rs 100 crore.
• 2018: Certificate of Excellence for outstanding performance as a seller on snapdeal in Quarter 2 of 2018.
• 2018: Certificate of recognition by amazon connect for the outstanding performance in 2018.
• 2023: Register as Micro Enterprises under MSME.
• 2023: Change in status of the company from Private to Public Company.
• 2023: Time 2 Leap Award for Emerging Circular Economy Brand of the Year awarded by Ministry of Small and Medium Enterprises, Govt of India.