EP Multibagger Stock - Sep 2026
BUSINESS

Rajoo Engineers Partners With Rieckermann for Southeast Asia

Rajoo Engineers
Rajoo Engineers partnered with Rieckermann to expand its footprint across Southeast Asia

Rajoo Engineers partnered with Rieckermann to expand its footprint across Thailand, Indonesia, Malaysia, and the Philippines.

The partnership focuses on the flexible packaging and plastics processing space.

Rieckermann will handle local engineering, service and application support for Rajoo’s customers in the region, covering technologies like blown film extrusion, extrusion coating and lamination, sheet extrusion, and thermoformers, the core machinery lines Rajoo is known for.

Instead of setting up its own service centres across four different countries, Rajoo is leaning on Rieckermann’s existing network.

That network already has people on the ground handling project planning, technical consultation and lifecycle support in these markets, so the arrangement skips a lot of the groundwork Rajoo would otherwise need to do alone.

Khushboo Doshi, Managing Director at Rajoo Engineers, called Southeast Asia an important market for the company.

She said Rieckermann’s local presence complements Rajoo’s own technology and manufacturing strengths, which lets the company stay closer to its customers and support them more effectively.

Rajoo has been around since 1986, runs out of Rajkot, and exports to more than 78 countries, so this deal builds on an export base that’s already fairly wide.

There’s a solid financial backdrop to this move too. For the quarter ended June 30, 2026, Rajoo posted consolidated revenue of Rs 123.07 crore, up 44.67% year on year from Rs 85.07 crore.

Net profit for the quarter came in at Rs 15.53 crore, up 3.40% from Rs 15.02 crore a year earlier. The company has also been active on the governance front lately.

On August 31, it appointed Hetal Bhavesh Dobariya as an Additional Director in a non-executive, independent capacity for a five year term, pending shareholder approval.

Days later, on September 2, it filed the notice for its 39th Annual General Meeting covering the financial year ended March 31, 2026.

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