Rocket Engineering Corporation Pvt. Ltd.

The prevalent factors had transformed Kolhapur, Maharashtra into watershed for engineering enterprises by providing them with manpower and sources for necessary spare parts.

Two independent groups of young entrepreneurs, The Doshis and the Vasas came together to form a partnership firm under the banner of Rocket Engineering.

Our first production of Diesel Engines rolled out and it consisted of 5HP, 10HP & 14 HP Conventional Horizontal Diesel Powered Engines, each weighing 550, 1000 and 1200 kg respectively.

Escalating raw material and other inputs including transportation costs and longer transit time caused us to open our second and larger facility at Ahmedabad, Gujarat.

Partnership firm was dissolved to form a Pvt. Ltd. Company and the key managing personnel were elevated as members of Board of Directors.

Overall demand for Diesel Engines dropped.

Fissure developed between the two equal equity holders; the Doshis and the Vasas, ultimately leading to separation.

Doshis retained Brand Rocket, production of horizontal engines and the Ahmedabad facility.

Vasas retained Brand Comet, production of vertical engines and the Kolhapur facility.

Iraq–Iran war triggered upheaval changes.

Fossil fuel prices sky rocketed, leaving our cost index trending upward.

Demand for new Peter type Vertical Diesel Engine started increasing owing to its low weight and less consumption of fuel.

Vasas secured a huge order from Government Of Bihar to supply 3100 engines within 4 months' period. It seemed herculean task as their normal monthly production was hovering around 500 engines.

SBI Local Branch Manager sanctioned a life giving loan of 25lakhs.

The abnormal delay in the receipt of payment from Government of Bihar delayed the payments to vendors. The delay shot up from 30 days to 180 to 200 days.

Comet gratefully salutes our valiant vendors who staunchly stood by us and continued their supplies to us, uninterruptedly. It reflects the mutual trust we and our vendors enjoyed.

We introduced our much applauded Portable Series for the first time in India.

We started exports via Govt. Recognized Export Houses such as Elve Corporation, Metro Exporters Pvt. Ltd., Greaves Cotton etc.

Our sales volumes turned upside down with exports forming 70% and domestic sales forming 30% of our total sales volume.

We won business from VOLTAS a TATA group of company – known for its high end quality and class apart customer service.

We received THREE awards from Govt. of Maharashtra for excellence achieved in exports.

We undertook the development of Portable Series - CUB and COLT.

To improve both the quality and productivity we commissioned SPMs-Special Purpose Machines for producing critical components; Crank Case, Connecting Rod, Cylinder Head, Crank Shaft, Cam Shaft.

Production output increased with deployment of 50% lesser manpower.