Mumbai, India : Affordable Robotic and Automation Limited (ARAPL), a Vijay Kedia-invested
company, has achieved a significant milestone by listing on the National Stock
Exchange (NSE) and migrating from the BSE SME Exchange to the BSE Main Board.
Originally IPO price was ₹85 on the BSE SME Exchange in 4th June 2018.
Currently the market cap is more than INR 850 crores, given a return of 900% in
last 6 years. ARAPL has shown remarkable growth in the robotics and automation
sector, reinforcing its position as a leader in robotics and automation
solutions.
The listing ceremony was graced by
prominent figures, including Mr. Ashish Chouhan, MD of NSE, Sriram Krishnan,
Chief Business Development Officer at NSE (CBDO), Dr. Harish Ahuja, Head NSE,
Ms. Parvathi Moorthy, Associate Vice President NSE, Mr. Vijay Kedia, Founder of
Kedia Securities, and Mr. Vineet Bhatnagar, MD of Phillip Capital. Mr. Chouhan
has been instrumental in driving innovations at NSE, while Mr. Vijay Kedia is
well-known for his strategic insights in stock investments. The leadership at
Phillip Capital brings extensive experience in capital markets, further
validating ARAPL’s growth trajectory.
The Founder and MD of ARAPL Mr.
Milind Padole, expressed his gratitude, stating, “We feel blessed to have been
listed on the NSE and BSE Main Boards simultaneously just before the auspicious
trading days of Diwali. We feel empowered and poised to scale new heights with
our team and the support of our investors. With cutting-edge, customer-centric
solutions, our focus remains on expanding our technological capabilities and
enhancing our global outreach. This is a very exciting time as we are at the cusp
of radical growth with our expansion and traction in USA and Europe markets.”
Mr. Vineet Bhatnagar, Managing
Director of Phillip Capital, expressed his enthusiasm by saying, “As part of
the Phillip Capital team, Initially listed on a smaller exchange, the journey
of ARAPL over the past 20 years has been one of growth and excellence.
Initially listed on BSE SME exchange, today it gets listed on NSE main board. I
am delighted that a broader spectrum of investors can now participate in the
growth story of ARAPL through the NSE. We look forward to this new phase and
being a part of the journey to greater heights with team ARAPL.”
Ms. Parvathi Moorthy (Associate
Vice President NSE) added, “Affordable Robotic & Automation Limited is the
2623rd company to be listed on NSE. This listing day is the start of a strong
partnership between ARAPL and NSE. We look forward to fully supporting
Affordable Robotic & Automation Limited in all your future fund raising
endeavors. We wish them all the best.”
Mr. Vijay Kedia, a key investor in
ARAPL and seed investor in ARAPL RaaS, said in his remarks, “Today is a Red
Letter Day. It all started with a phone call to Milindji that we should get
migrated from BSE SME to NSE main board, which at that time was not possible.
And now today we can say ‘Yeh kya hua, kab hua, kaise hua, tab hua, jab hua,
chodo yeh na socho’. The company is still in the incubator, the journey has
just started. Because of all the dedication and forsightness by the promoter
Milind, his family and his team; there are still miles to go. ARAPL’s journey
reflects the immense potential in the robotics sector, and I am excited to see
its continued growth.”
With ARAPL joining the BSE and NSE
Main Boards, Mr. Rahul Padole, CIO of ARAPL, expressed his gratitude, saying,
“Our technology team, led by experts like Charles Griffith, former VP of
Amazon, and our CTO Puneet Tiwari, has played a crucial role in our success.
Charles brings invaluable experience from evaluating robotics for companies
such as American Eagle and Amazon, and he is guiding us in the USA on
compliance and regulatory standards. Puneet, who previously served as chief
architect for one of the largest AMR companies—where over 5,000 robots were
built and deployed under his leadership— brings in a deep understanding of the
market enabling us to offer innovative solutions. We are confident in the
solutions we have developed, which are designed for easy to install, adopt, and
maintain, aligning with the key parameters valued by our clients. I am very
optimistic about the traction we are gaining in the United States, and we are
ready to exceed our own expectations.”
Mr. Robinson Philipose, Co-founder
and CEO of ARAPL RAAS, echoed similar sentiments: "We are extremely
buoyant with the recent traction we have gained in the U.S. market. We are
scaling team USA to around 20 by end of the financial year. With the right
strategy, we are confident of replicating this success in Europe, where we have
also appointed Harsh as EVP for European markets. His extensive experience in
product launches for multinational corporations positions him as a key driver
of our success in Europe. Our aim is to achieve quick scale-up, potentially
through strategic acquisitions."
Mr. Harsh Khera, who recently
joined ARAPL RAAS as EVP of European Markets, is spearheading the company's
expansion efforts across the continent. “I believe shared prosperities is the
key work when it comes to Europe, it has its own set of challenges and we plan
to mitigate this by adopting a lean model by partnering with anchor companies,
to overcome language barriers and expedite customer service. Our focus will be
on building a strong customer base and ensuring faster servicing
capabilities," Harsh commented.
Nitin Gupta, Director of
Operations at ARAPL, emphasized the company's focus on scaling production:
"Our focus is on building in-house capabilities that can meet the
increasing global demand. We are aiming to deliver over 500 machines to Europe
and America in the coming year. It’s going to be a whirlwind year for us, and
our team is ready for the challenge. We have exhaustive localization and
homologation plan; this will help us to reduce the cost drastically thereby
increasing our affordability in various geographies. We will be building
futuristic manufacturing plants, where robots will be building robots."
The leadership team from ARAPL and
its subsidiary, ARAPL RaaS, was in attendance, showcasing their commitment to
the company’s vision of innovation and sustainable business practices. Key
leaders present included:
● Mr. Milind Padole - Managing
Director
● Mr. Manohar Padole - Whole-time
Director
● Mr. Rahul Padole - Director
● Mrs. Bhagirathi Padole -
Director
● Mr. Ajay Vishnu Deshmukh -
Independent Director
● Mr. Rohan Vijay Akolkar - Independent
Director
● Mr. Harsh Khera, EVP
● Key Management Team members- Mr.
Murthy CFO, Ruchika Shinde CS, Priyanka Padole, Harsh Khera, Praveen Gupta,
Satish Chavan, Amol Deshpande, Ketan Bhoite, Chetan Dake, Sachin Tandle, Vijay
Yadav, Girish Jawalgi, Ambuj Jha, Ajay Kaushal, Parag Shahapurkar, Dyaneshwar
Patharkar, Deepak Pote, Navnath Jagtap.
The occasion was further enhanced
by the presence of several top investors; Mr. Kunal Sukhani, Mr. Chintan Shah,
Mr. Niraj Shah, Mr. Prashant Shah, who supports ARAPL’s mission in the
automation industry. Mrs. Priyanka Padole from the promoter’s family graciously
participated in the ceremonial bell ringing.
With a strong foundation, a clear
vision, and a commitment to financial integrity, ARAPL is poised to lead the
future of automation, driving value for both shareholders and customers alike.
About Affordable Robotic and
Automation Limited (ARAPL):
ARAPL is a leading automation
solutions provider, dedicated to delivering innovative and cost-effective
services to a diverse customers in Industrial Automation, Warehouse Automation
and Parking Solutions. ARAPL spans across 2,50,000 Sq. Ft in manufacturing
capacity and provides robotic solutions in India, USA, China and Asia. With a
team of 400+ knowledgeable and enthusiastic professionals ARAPL lays a strong
emphasis on quality and customer satisfaction that has set benchmarks in the
automation industry.
For more information, please visit
https://arapl.co.in/, https://araplraas.com or contact priyanka@arapl.co.in
Media Contact:
Ms. Priyanka Padole
Affordable Robotic and Automation
Limited
Village Wadki, Gat No. 1209,
Taluka Haveli, Dist. Pune – 412308
Phone: +91 8956653201