Magazine
There has been an exponential overall growth in the fastener market in India owing to economic expansion, high investment expenditure trends, booming construction industry, and growing industrialization. The rising needs for nuts, bolts, screws, nails, rivets, studs and washers will further foster industry growth over the next few years. Today, customers primarily expect good quality material with trustworthy supply lines at reasonable costs.
However, the onset of the Covid-19 Pandemic has upset the demand-supply ratio with the inconsistent raw material availability, lack of skilled labor, and the disruption of the cash flow cycle. As businesses recover and adapt to post-Covid19 life, partnering with the right fastener manufacturer is imperative to further expand business opportunities.
Rajindra Industries, established in 1997, is perfectly poised to meet every customer’s expectations by avoiding line losses with timely deliveries and ensuring lesser lead times with its advanced machines. The company’s lower production costs and leaner cycle times have helped them maintain price competitiveness with all clients. “We have also taken necessary steps in sorting clients according to regular and non-regular paymasters. We are in the process of negotiating with raw material suppliers on the
price fixation of minimum 60 days,” adds Hardeep Singh, Founder & CEO of Rajindra Industries.
Offering a Comprehensive Suite of Robust Products
A family-led business for over two decades, today, Rajindra Industries manufactures a broad range of nuts, bolts, screws catering to the automotive, Electrical and Switchgear Industries located all over Maharashtra, Gujarat, and Andhra Pradesh. The company also exports its products across US and Mexico.
The team of experts, design and manufacture cold-forged Hex bolt, Hex screws, weld screws, rivets, T Bolts, Hex nuts, Sq nuts, and weld nuts, in metric thread only. “Our Rivets, hex bolts, weld bolts are well accepted and have green channel acceptance at a majority of our clients,” informs Hardeep.
Decisions are taken and implemented at a faster speed than other fastener manufacturers. We can pull out trail quantities at a very small lead time of seven days flat. Being an SME, we engage with clients for smaller quantities at a very competitive cost
Once the client partners up with Rajindra Industries, a dedicated team of experts leverage their industry-rich experience right from the design phase, ensuring a smooth product journey. The in-house engineering team has always worked within the stipulated timeframe to deliver the products. The company’s small yet ambitious workforce can quickly adapt to any changes at a comparatively shorter lead time. “Decisions are taken and implemented at a faster speed than other fastener manufacturers. We can pull out trail quantities at a very small lead time of seven days flat. Being an SME, we engage with clients for smaller quantities at a very competitive cost,” reveals Hardeep.
The company has gained a strong foothold in this market, reflecting a $1.25 million turnover last year. The company aims to reach a turnover of $3 million in the next three years. Additionally, the company envisions achieving 25 percent of revenue generation by exporting to more countries with special emphasis on the European Union. Hardeep concludes, “We are positioned to upgrade our machinery that will enhance our production capacity by 40 percent from present machinery and infrastructure. We are planning to invest about 15-20 percent of our turnover into equipment in the inspection process and design infrastructure”.
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