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Rossell India Ltd.

BSE: 533168 Sector: Agri and agri inputs
NSE: ROSSELLIND ISIN Code: INE847C01020
BSE LIVE 15:40 | 15 Dec 116.50 -0.45
(-0.38%)
OPEN

121.85

HIGH

121.85

LOW

116.00

NSE 15:31 | 15 Dec 117.50 0.35
(0.30%)
OPEN

119.90

HIGH

120.45

LOW

115.70

OPEN 121.85
PREVIOUS CLOSE 116.95
VOLUME 10794
52-Week high 149.90
52-Week low 88.05
P/E 1294.44
Mkt Cap.(Rs cr) 428
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 121.85
CLOSE 116.95
VOLUME 10794
52-Week high 149.90
52-Week low 88.05
P/E 1294.44
Mkt Cap.(Rs cr) 428
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Rossell India Ltd. (ROSSELLIND) - Company History

Rossell India Ltd has diverse interests in Tea, Aviation and Hospitality. The company has three divisions, namely Tea, Aviation & Defence (Technology and Engineering) and Product Support Services (Aerospace). In the Aerospace and Defence segment, the company has JV's, partnerships and service agreements with leading OEMs of the world. Apart from this, the company also has strategic partnerships in the Hospitality sector. The company is listed on the Bombay, Kolkata and Guwahati Stock Exchanges. Rossell India Ltd was incorporated on June 1, 1994 with the name Rossell Tea Ltd. In July 1, 1994, the company took over the Dikom, Nokhroy and Borahi Tea Estates, all located in the State of Assam, from Rossell Industries Ltd, the successor company of Jokai India Ltd. After corporate restructuring, Borahi T.E. was demerged and transferred to another company, namely Jyoti Holding Pvt Ltd. The business of cultivation, manufacture and sale of tea is known as Rossell Tea Division of the company, as the company diversified into Aviation Industry and created a new division, Aerotech Services Division, which became fully operational from April 1 2006. The company also created another division namely Vankesh Avionics Technologies Division from October1, 2008. This division's special areas of activities are design, development and manufacture of various types of test rigs, aircraft looming and PCB assembly etc. In September 6, 2006, the Aerotech Services Division acquired 56.25% share capital of Sigma Microsystems Pvt Ltd, Hyderabad, which is engaged in the business of manufacturing, design and development of Avionics, Electronics and Aviation Equipment, thereby making that company a subsidiary company. Aerotech Services Division was instrumental in promoting a company Rossell Aviation Private Ltd, which became fully owned subsidiary of the company with effect from February 4, 2009. The company diversified into hospitality sector thereby investing in hotel projects by subscribing up to 40% of the equity share capital of various companies, who in turn are acquiring / constructing hotels. During the year 2009-10, Aerotech Services Division has successfully signed long term agreement with multi national companies for providing product support services for their equipments fitted on various aircrafts, helicopters and ships in India. The name of the company was changed from Rossell Tea Ltd to Rossell India Ltd with effect from April 19, 2011. In June 29, 2011, the company signed and executed a share purchase agreement with Skanda Aerospace Pvt Ltd, Hyderabad to sell and transfer the entire shareholding of 5,62,500 equity shares of Rs 10 each held by the company in Sigma Microsystems Pvt Ltd (Sigma) representing 56.25% equity share capital of Sigma. Thus, Sigma Microsystems Pvt Ltd ceased to be a subsidiary company. In September 2011, the company's wholly owned subsidiary company, Rossell Aviation Private Ltd entered into an agreement with CAE International Holding Ltd, Canada (CAE) for jointly undertaking the business of 'providing training solution in projects primarily related to the offset obligations in India for aerospace industry'. As per the terms of the agreement, CAE, agreed to subscribe to the 26% equity share capital in Rossell Aviation.