Akar Auto Industries Share Price

Akar Auto Industries Limited was initially incorporated as Akar Tools Limited in 1989. The name of the Company was changed from AkarTools Limited to Akar Auto Industries Limited with effect from 23rd October, 2017. Company is the forward integrated enterprise of the R. L. Group of Industries. It is presently operating the business of manufacturing hand tools, auto leaf spring, parabolic springs commercial automotive forging has its manufacturing facilities in and around Aurangabad in Maharashtra.In 2008, the Company established Unit 2 in Automotive and Non Automotive forging in Waluj, Aurangabad. In 2009, it established Leaf Spring manufacturing division in Chitegaon, Aurangabad and further set up Leaf Spring fatigue testing and endurance testing at the Leaf Spring unit in Chitegaon, Aurangabad in 2010.Presently, the Company manufactures and exports hiquality precision engineered hand tools to Europe, USA, Japan, Australia and many other countries worldwide. The Company has been investing in upgrading the manufacturing facilities and quality controls equipments, to realign itself and rise to customers challenges for cost, technology and competency.

For the full year FY2011–2012, revenue reached ₹131.49 crore and profit touched at ₹4.02 crore.