Incorporated in Jul.'95, Rhutu Bearings and Estates (India) was promoted by Dhimant C Mehta and Samir C Mehta. The company is engaged in the business of bearings trade by importing various kinds of bearings from west European countries and Japan and supplying the same to the core sector comprising of the Indian Railways, state electricity boards, coal mines, steel plants, oil exploration industries and others. The company is also involved in the development and construction of townships / colonies with independent houses. In Mar.'96, the company came out with a public issue of 31,40,000 equity shares of Rs 10 each for cash at par aggregating Rs 314 lac, to meet the working capital requirements of the company and to establish branch network at various places all over the country.