Industrialization and manufacturing are some of the indispensable obligations for the sustainable development of economies. The essentiality of an adequate production serving the unprecedented demand across the global economies is the prime driver of cutting tools market from the manufacturing sector. According to recent reports by IndustryARC, the global cutting tools market size is anticipated to reach USD 34.2 billion by 2025, growing at a CAGR of 3.25 percent during the forecast period.
The major factors driving the growth of this market is owing to the rise in heavy industrial operations and unprecedented production demand surfacing by the means of global industrialization and the necessity for a well-functioning economy. Owing to sustainable application in abundant profit-making sectors such as automotive, construction, and many others, the opportunities in the cutting tools market are progressing without any restrain.
Aditya Duggal, Director
Metal cutting is among the leading application owing to the surge in demand from the dynamically growing sectors such as automobiles with sales of 97 million automobiles per year. According to reports, the APAC region is the largest producer of various minerals and an established manufacturing hub that accounted for a substantial 33 percent of the global cutting tools market share in the year 2018. The automotive sector of the APAC region is instilled with enormous demand from the most populated economies. Today, the Automotive industry employs several cutting tools and the scope of application in this sector is anticipated to progress further with an increase in productivity. Furthermore, with the advent of BS-VI norms in the Automotive industry, there is a need for more precision cutting tools.
This is where Rohit Industries Group (RIGPL) comes into the picture. The company’s High-Performance Cutting Tools Line of offering is helping clients solve their machining problems and achieve desired accuracies in their components which is the need of the hour due to the changing landscape in the Automotive Industry.
Perfectly understanding the current requirements of the industry, RIGPL offers a different line of offerings ranging from General Purpose which is Rohit Industries’ Economical Series to cater to General Machining needs of its Customers to High-Performance Line that caters to Higher Accuracy, Tighter Tolerances & Bigger Production Line Machining Units. “With our wide product portfolio of Cutting Tools ranges we can surely say that we have become the First Go to Cutting Tools supplier for most of our customers for their need of HSS & Solid Carbide Round Tools requirement,” says Rohit Duggal, Managing Director, Rohit Industries Group.
“We are focusing strongly on many new products in our High-Performance Tooling Line to help our ever so growing satisfied customer base. Recently, we have added 330 Series, 333 Series which are Variable Helix End Mills for Machining Materials such as Alloy Steel, SS, Titanium, and providing tighter tolerances on the job,” he adds.
Meeting Different Machining Needs Of Customers
RIGPL offers more than 40 Carbide End Mills Series & 10 plus Carbide Drills Series to choose from for the different Machining Needs of its customers. Hence, the clients approach the company for finding the RIGHT TOOL for their specific material machining application. RIGPL’s newest product range includes 4-flute & 5-flute Variable Helix End Mills (330 & 333 Series) which are suited for machining Alloy Steel, SS, Titanium with high-speed Feed Machining Techniques.
The other new additions of Rohit Industries Grouphave been the 213-M, 211-M series, which are specially designed for Machining aluminumalloys for Aerospace & Automotive machining where Mirror Finishing is the need of the Job Shop. With the help of its Bangalore Application Team & NPD team the company has developed this new product that has been loved by its customers across the Aerospace & Automotive sector.
Serving Various Industry Segments
The various Industry Segments supported by RIGPL Products include Wood Working, Furniture Manufacturing & CNC Routing. In the CNC Routing segment, the company is serving more than 20,000 plus CNC Router machine users with its Premium Quality and Price competitive CNC Router Bits (Series: 103, 104, 107, 108, 109, 118, 119).
Strong Distribution Network
“Our strong distribution network of over 100 plus dealers, coupled with our 55 plus years of Cutting Tools Expertise helps us solve our customer Machining Problems day in day out. Without a doubt, we can assure you that we are one of the Lowest Tooling costs per Component provider of Cutting Tools in India and this has been shown in our TopLine which is contributed by 90 percent of our repeat customers' business. And this is one of the major factors that differentiate us from the other players in this landscape,” affirms Rohit.
Abhinav Duggal, Director
The Journey Of Rigpl
From its origins in a small shed with only 2 employees to its current position as one of the leading companies, Rohit Industries Group has grown and evolved significantly since its founding in 1963. Today, the company has a production facility of 40,000 sq. feet with 2 units running 24 hours to cater to its customer needs and has over 120 plus employees as part of the R&D Team, NPD Team, Application Engineers, Production Supervisors. Currently, RIGPL has more than 100 dealers in India and distributors in countries such as the USA, Canada, Brazil, Ecuador, Argentina, Germany, United Kingdom, UAE, Egypt, Saudi Arabia, Indonesia, Thailand, Singapore, and Australia.
“We are a Global Cutting Tools Company and we aim to make RIGPL the World’s Best Cutting Tools Manufacturer,” says Rohit.
Talking about the future expansion plans, Rohit explains that “We are looking to grow our network steadily in different World Markets including the North & South American Market where our present customers have loved our offerings. Even during COVID times, our NPD team has rolled out newer products such as Variable Helix End Mills, Super Finish Carbide End Mills for Aluminum (211-M, 213-M Series), Roughing End Mills, Double Margin Carbide Drills for Cross-Hole & Deep Hole Applications, and Carbide Brazed ISO Turning Tools.
We are focusing strongly on many new products in our high-performance tooling line to help our ever so growing satisfied customer base
Not just that, our NPD team has few under development projects up their sleeve; that include Modular Insert Type End Mills and Screw Type Modular End Mills which we would be rolling out soon through our Channel Partners across the world. All these new developments and newer products will improve our Top-Line and Bottom-Line, hence the future for RIGPL looks even brighter under the leadership of a young and enthusiastic team of technocrats,” concludes Rohit.
Technology Oriented & Customer-Centric
The Management team of Rohit Industries Group comprises Directors with over 120+ years of combined experience in the Cutting Tools landscape. The NPD & R&D team is headed by Anshuman Duggal, an alumnus of IIT-Kanpur & IIM-Lucknow. Anshuman is an avid reader & true technocrat who through his support helps in bringing life to all thenew Cutting Tool Products developed by the company. Rohit Industries Group’s IT & Finance Team is headed by Aditya Duggal, a graduate of Delhi College of Engineering, who loves the new technology and does not hold himself back in testing the same, hence over the years his contributions have not only helped in bringing the company closer to Industry 4.0 but it has also helped in training the employees in using technology in their day-to-day work-related activities. This has resulted in improving the efficiency of the organization.
The Customer Application team of RIGPL is jointly headed by Mr. Rohit Duggal & Abhinav Duggal. Since RIGPL is a customercentric company, it focuses mainly on solving customer issues,and the Company’s Core Principles is ‘Focus on the customer and thou shall get rewarded’. The company’s critical Sales department is headed by Mr. Rahul Duggal & Anuj Duggal, who have a combined experience of more than 60 years in the Cutting Tools Sales sector.