### **Overview** Rajoo Engineers Limited, established in 1986 and headquartered in Rajkot, Gujarat, is a leading global manufacturer of plastic extrusion machinery. The company has built a premium market position over nearly four decades as a technology-driven innovator in **blown film and sheet extrusion lines, thermoformers, extrusion coating & lamination lines**, and **pipe & profile extrusion systems**. With a customer presence in over **78 countries**, Rajoo Engineers exports more than **45–50% of its sales**, maintaining a strong international footprint since entering global markets in **1990**. Listed on both the **BSE and NSE (May 29, 2025)**, the company combines deep domain expertise with vertical integration, automation, and forward-thinking R&D to deliver energy-efficient, high-performance, and customized solutions across diverse industrial sectors. --- ### **Core Product Portfolio** Rajoo Engineers offers one of the widest ranges of extrusion technologies in India across six key segments: 1. **Blown Film Extrusion Lines** - *Foilex, Multifoil, Heptafoil, Pentafoil, Proex Series, Nonafoil (*9-layer) - Lines capable of producing films up to **350 kg/hr with 2,800 mm lay-flat width** - Innovations: RELEX 4.0 extruders (low shear heat design), CSD 4.0 dies (20–200 micron control) 2. **Sheet Extrusion Systems** - *Lamina, Lamina rPET, Fomex, LAMINA® E* (for solar encapsulant sheets) - Monolayer and multilayer processing of PP, PS, EVA, POE, rPET - India’s first domestically developed **EVA/POE sheet line** for solar cell encapsulation 3. **Thermoforming & Packaging Machinery** - *Dispocon series*: Hydraulic/servo thermoformers (glasses, food packaging) - *Dispotilt*: Tilting mould with stacking, counting, and packing - *Dispocon-MS/F*: Multi-station, foam vacuum forming machines 4. **Extrusion Coating & Lamination Lines** - *Lamex™*: Replaces adhesive lamination; speeds up to **360 m/min** - Custom solutions for flexible packaging, raffia, and woven sacks 5. **Specialty & Industrial Systems** - *Dripex™*: Drip irrigation systems (round & flat drippers), largest supplier in India - *Fomex™*: Physically foamed PE/PS sheets for packaging - *Melt-blown fabric & N95 mask lines (Mascon™)*: Developed during pandemic - *Flowex™*: uPVC/CPVC, WPC, and HDPE pipe extrusion plants 6. **Lab & Small-Scale Equipment** - *Labexfi™*: For R&D and pilot testing applications --- ### **Technology & Innovation Leadership** - **ProEx Series (2024–2025):** Flagship blown film line achieving **900 kg/hr output**, **150 m/min speed**, and **22-micron film thickness** with superior energy efficiency. - **Nonafoil Line (2024):** India’s first **9-layer blown film plant** enabling recyclable, high-barrier films for food and medical packaging. - **LAMINA® E (2021–2023):** Entry into **renewable energy** with EVA/POE sheet lines for solar panel encapsulation—supporting India’s energy independence goals and backward integration. - **Industry 4.0 Capabilities:** Remote commissioning, Smart Glasses diagnostics, real-time data monitoring via **ReL EX 4.0**, minimizing downtime and supporting global after-sales service. - **R&D Center:** The **Rajoo Innovation Centre**, approved by **DSIR**, is Asia’s first dedicated customer demo and testing hub for extrusion technology. It drives customization and co-development with clients. --- ### **Strategic Growth Initiatives** #### **1. Inorganic Expansion & Integration** - In **September–November 2025**, Rajoo Engineers signed a **Non-Binding Indicative Offer (NBIO)** and executed the acquisition of a **60% majority stake in Kohli Printing and Converting Machines Pvt. Ltd.**, Mumbai. - Kohli, founded in 1972, is a leader in **rotogravure printing presses and laminating machines**, serving over **40 countries**. - The merger enables Rajoo to deliver **end-to-end integrated solutions** in flexible packaging—spanning **extrusion → printing → laminating → slitting**—making it a one-stop shop for converters. - Combined R&D will focus on **automation, agile workflows**, and faster time-to-market for FMCG, pharma, agriculture, and industrial clients. #### **2. Strategic Alliances** - **Kohli Industries Partnership:** Joint development of **Lamex™ extrusion coating lines**, achieving **360 m/min speed**, demonstrated live at Balaji Multiflex (2021). - **Bausano & Figli (Italy):** 49:51 JV (**Rajoo Bausano Extrusion Pvt. Ltd.**) since **2011** for pipe, granulation, and WPC systems. - **MEAF Machines B.V. (Netherlands):** Collaboration in **sheet extrusion and thermoforming** since 1947. - **Tekni-Plex (formerly Commodore Inc., USA):** Technical collaboration since **2007** for XPS sheet lines and thermoformers. - **Hosokawa Alpine (Germany):** Partnered on **blown film technology**. #### **3. Manufacturing Scale-Up** - **Yantralaya Facility Expansion (2024–2025):** - **₹300 crore investment** in 5-axis multitasking machinery from **Okuma (Japan)**. - Increased production capacity by **40%**, reduced manual labor, and enhanced precision. - Key machine: **Okuma MULTUS U4000** – enables turning, milling, drilling, gear cutting in one setup. - **Integrated Manufacturing Park under Development:** - Land acquired adjacent to Rajkot plant in **2023–2025**. - Planned as a **sustainable, IoT-enabled smart facility** with lean principles and **100% green power goal**. - Will consolidate R&D, manufacturing, and solar energy units. #### **4. Green Energy & Sustainability** - Formed **Shrutina Nexgen Solar LLP** (promoter-backed) to develop a **captive solar plant**. - Supports sustainability compliance and reduces carbon footprint. - Strategic pivot into **renewable energy machinery**, aligning with India’s **solar expansion** and import substitution goals. --- ### **Market Presence & Customer Base** - **Exports:** Over **70–78 countries**, including high-compliance markets: **Germany, UK, Spain, USA, Colombia, Turkey**. - **Key Customers:** - *Uflex, Reliance Industries, Indian Oil, Suvi International, Berry Global, Cosmo Films, Constantia India* - High-value European farm machinery client (₹31 crore order, 2023) - **Repeat Orders:** ~**60% of annual business**, reflecting strong loyalty and satisfaction. - **After-Sales Service Network:** Dedicated teams in key export markets enhance retention in capital goods sector. --- ### **Financial & Operational Highlights** - **Revenue (Q1 FY25 – June 2024):** ₹50.87 crore | **EBITDA:** ₹7.12 crore | **PAT:** ₹5.34 crore - **Peak Quarterly Revenue (FY23):** ₹71 crore (full capacity utilization) - **FY22 Revenue:** ₹172.30 crore (13.17% YoY growth) - **FY21 Revenue:** ₹152.25 crore (62.75% YoY surge due to pandemic-driven packaging demand) - **Profitability Target:** EBITDA margin of **13–15%** in FY26, up from 8–10% historically. - **Debt-Free Balance Sheet:** No loans or borrowings despite high-value project guarantees. --- ### **Leadership & Governance** - **Rajesh N. Doshi (Chairman & Executive Director):** Co-founder, 35+ years in plastics processing; drives strategy, R&D, and operations. - **Khushboo Doshi (Managing Director):** Advanced degree in industrial design; leads marketing and branding. Recipient of *Nayee Pidhi Entreneure Award* (2023–24). - **Utsav Doshi (Joint MD):** Mechanical & Polymer Engineering background; oversees manufacturing. - **Sunil Jain (Executive Director):** 40+ years in plastics; leads marketing, business development, and technology sourcing. - **Manish Vasavada (EVP – Sales & Marketing):** 20 years in capital goods; leads domestic and Asian market expansion. - **Chintan B. Malkan (Finance Head):** 17 years with Rajoo; manages group financial operations, compliance, and investor relations.