MUMBAI, June 27, 2016 /PRNewswire/ --
Becomes the No. 1 Electrical and Technical Automation Distributor in India
REXEL India Pvt. Ltd. today announced the amalgamation of two distributors of Rockwell Automation namely Yantra Automation Pvt. Ltd. and AD Electronics Pvt. Ltd. with REXEL India Private Limited, making it the No. 1 Electrical & Technical Automation Distributor in India. REXEL India is the largest technical automation distributor in the country today with sales exceeding 210 crores, presence in 16 states, 25 locations, 240 employees and 10 stocking points.
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Commenting on this, Mr. Vikas Garg, Managing Director, REXEL India Pvt. Ltd. said, "With this amalgamation concluded, REXEL will be able to serve a large base of customers much better and will also improve the professional distribution of electrical and automation supplies across the vast geography of India. We have been growing at a CAGR of 22% last 4-5 years and we are hoping to reach a turnover of Rs. 500 crores by 2018."
"REXEL India Mission is to support its customers to be at their best in running their business, by providing a broad range of innovative products and services in the field of industrial automation, energy management, supply chain consolidation and electrical supplies. We bring to India our global expertise and aim to be the best technical distributor for our customers, our suppliers and our employees, delivering reliability, proximity and expertise," added Mr. Vikas Garg.
REXEL India Pvt. Ltd. acquired Yantra Automation and AD electronics in 2011 as JV partner with 74% stake and thereafter as per the agreement bought out the balance 26% from owners in the next 3 years' time. Yantra Automation Pvt. Ltd. and AD Electronics Pvt. Ltd. with REXEL India Private Limited, both companies became 100% REXEL subsidiaries effective 1st April, 2014. In the last year, REXEL completed by backend integration on ERP, common Email IDs, Branding, etc. completed some approvals from the High Court for the legal merger as they both were separate legal entities.
Mr. Mitchell Williams, CEO of REXEL Asia Pacific has come to India for this event as we are unveiling the new REXEL Logo. Mr Williams said, "This integration forms the largest and the best automation distributor in India. We at REXEL are very proud of our India team who has made this possible and we look forward to a long and fruitful association with India."
Besides, REXEL senior leadership team from Shanghai Mr Steve Gomoll - Regional Director - Market Access, Asia Pacific from Rockwell Automation said, "REXEL's investment in West India is exactly what Rockwell is looking for in their partners to supply superior service to our mutual customer."
About REXEL India Pvt. Ltd.
REXEL, a global leader in the professional distribution of products and services for the energy world, addresses three main markets - residential, commercial and industrial. The Group supports its customers to be at their best in running their business, by providing a broad range of sustainable and innovative products, services and solutions in the field of technical supply, automation and energy management. REXEL operates through a network of some 2,100 branches in 35 countries, with 28,000 employees. The Group's sales were €13.5 billion in 2015.
REXEL India's mission is to support its customers to be at their best in running their business, by providing a broad range of innovative products and services in the field of industrial automation, energy management, supply chain consolidation and electrical supplies. REXEL brings to India their global expertise and aim to be here the best technical distributor for their customers, their suppliers and their employees, delivering reliability, proximity and expertise.
For more information, visit: http://rexel.co.in
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Triveni Bhatkal Keni
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Molecule Communications
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