Leading SMEs of India 2021

39 Experts' View Leading SMEs of India 2021 RACL Geartech was established in 1989. How would you describe the journey of your company since its inception? What are some of the key milestones of the company in recent years? RACL Geartech Ltd was established in 1989. Even though, over the years, we have made significant progress, the journey of RACL towards success was an uphill task & had been full of challenges. We can say with pride that we have moved ahead in transforming our company by adopting world class technologies, and, have been able to create & retain a fully motivated & dedicated Human Resource to fulfill customer demands of product development, quality & delivery, as per their expectations. RACL started its operations in 1989, catering predominantly to after-market segment, a thriving product lines of Nineties with a limited presence to domestic OEMs’. In year 2004, RACL went through Business restructuring plans & identified to enter in Exports as a future business strategy. The initiatives in the Exports business proved highly successful & RACL has been able to make a strong presence in global markets. As on day, RACL is exporting 70 percent of its products to developed economies across the world, like, Germany, Japan, Austria, RACL Geartech Limited Gursharan Singh Chairman & Managing Director Switzerland, Italy, USA, Thailand, Vietnam etc. RACL is catering, as Tier-1 supplier to the world’s top brands BMW, KTM, KUBOTA, BRP, ZF, Piaggio, MAN Trucks, Yamaha, GE, Schneider electric, to name a few What are some of the key products/ services offered by the company? RACL has a well-diversified & balanced product portfolio of Gears & Shafts, Sprockets, Ratchets, Balancer shafts, torque limiters, Reduction Gear trains, Sub-assemblies and Precision Machined Parts for Transmission, Engine Timing, CVT Gear trains, Chassis, suspension & Braking systems and Industrial applications. What are some of the innovative initiatives taken by your company in recent years? How have those initiatives helped your organization? The company has a two-pronged approach for growth. While RACL has an unprecedented focus on expanding its share of business with its global clients by providing a reliable product & services, it has adopted a thoroughly conceived diversification strategy. Historically, the company kept on adding new product portfolios, forward & backward integration projects & plans to continue the same policies in the future. RACL recently added a state-of-the art facility to manufacture advanced technology chassis components, for Passenger cars in the Premium category. RACL has carved out well- defined diversification plans, by choosing a product, which shall have application for fuel, hybrid or electric cars, as Chassis components shall not be influenced in a big way by this change. Apart from it, RACL is in the process of creating an advanced technology manufacturing base, which shall have wide applications for futuristic EV mobility. What role has technology / digital transformation played in transforming your organization? RACL’s long standing approach of building an excellent levels of Human resource skills with matching advanced manufacturing capabilities, has proven a driving force to maintain leadership position in the competitive markets. RACL has strong focus on deployment of fully computerized & flexible manufacturing technologies & processes, which provides RACL a competitive edge over its peers. RACL has a fully integrated manufacturing set up & has world’s best technologies installed under one roof. Such conglomerate of processes & technologies, duly supported by a strong work force of dedicated engineers, enable RACL to provide concurrent engineering, end to end solutions to its customers. Company has a strong focus on customer satisfaction, adoption of advanced technologies, Environment management & efficient Utilization of resources, thus, providing value for money to its clients. It has helped RACL to have an opportunity to have a long-term business relation with top Global OEM’s running over decades, with similar trends to continue in future. Dun & Bradstreet