Rico Auto Incorporated (1984-85) and Commercial Production Started (1986)
Aluminum HPDC Plant set up in Dharuhera (40 Kms from Delhi, India)
TC with FCC Japan for manufacturing of Clutch Assembly
Ferrous Casting & Machining Plant set up in Gurgaon (20 Kms from Delhi, India)
Entered International Market as OEM Supplier to MEC Japan.
FCC RICO (50:50) JV formed
Started supplying globally to USA & UK (Eaton, Cummins, GM etc.)
Second Aluminum HPDC & Machining Plant set up in Gurgaon
Set up full service Engineering, Design & Development function.
Added Customers: Ford, Jaguar, Land Rover
Certified TS 16949, ISO 140001, OHSAS 18001
Enhanced Ferrous & Aluminum Capacity
Added Customers: Caterpillar, Honeywell, Detroit Diesel, Volvo
R&D Center started
Added Customers: Nissan, Tata, Perkins
JV with CONTINENTAL Automotive Systems (Hydraulic Brakes)
JV with JINFEI CHINA (Aluminum Alloy Wheels - 2 Wheelers)
Acquired 25 acres land in Chennai.
ET 488/500 2014
SR 1,506 cr
Mr. AK Jain, Chief GM, Rico Auto, showcased how Lean, Six Sigma and TPM
methodologies synergistically exists together and complements each other. Lean
helps them to make their processes faster & efficient; Six Sigma makes their
processes accurate & precise and TPM helps them to make equipment reliable.
RICO‟s strong belief in Lean Six Sigma as their core strategy for Improvement for
meeting their Business Goals & Objectives was demonstrated by a project case
study where they have improved the Rolled Throughput Yield in Compressor
Housing from 77.5% to 92.5%, thereby resulting in reducing rejections,
enhanced customer satisfaction and substantial savings for RICO.