Roots Multiclean Unlisted Share Price

Roots Multiclean Limited Unlisted Share - Company Overview

ROOTS MULTICLEAN LIMITED is a top manufacturer of mechanized cleaning equipment. It was the first mechanized cleaning equipment manufacturer in India. The company first started its journey with a simple push sweeper, flipper. But today, its wide range of portfolio includes scrubbers, industrial vacuum cleaners, high-pressure washers, carpet cleaner machines, city sweepers, runway sweepers, and steam cleaners.

The company’s customer base is spread across various sectors like manufacturing, defense, railways, pharma, automobile industries, and many more. The solutions ofRoots Multiclean Limited are also implemented in solid waste management projects in many municipal corporations across India.

The company’s network is spread across 29 states in India managed by over 70Business Development Executives and 170 service engineers. Roots MulticleanLimited has spread its presence in 36 countries.

The Rating agency ICRA Limited has retained the rating for the long-term banking facilities as A (pronounced ICRA A) and the short-term banking facilities rating asA1 (pronounced ICRA Aone) for Roots Multiclean Limited.

In FY 2020, Roots Multiclean Limited launched three products - RB650, RB750, and Rhino Dual fuel.

Roots Multiclean Limited Incorporation Details

Roots Multiclean Limited Principal Business Activities

Roots Multiclean Limited Board of Directors

Sri K. Ramasamy(Executive Chairman)

Sri R. Varun Karthikeyan(Managing Director)

Sri A. Kasilingam(Director – Engineering)

Sri P. T. Kuppuswamy

Dr M. P. Vijayakumar

Smt R. K. Umaadhevi

Sri K. Ravi

Sri Preben Laustsen

Dr S. Chandrasekar

Sri V. M. Rajashekar

Sri Frank Ulbricht

Roots Multiclean Particulars of Subsidiary and Associate Companies

Roots Multiclean Limited Shareholding Pattern (31-03-2023)

Industry Outlook

Cleaning Industry in India today has become much more vital than ever before. And with the rising cost and unavailability of skilled human resources, the approach is now shifting towards mechanized cleaning solutions. India’s cleaning industry is still very unorganized. This industry employs a large number of unskilled people and therefore is required to be represented at the policy-making level.

The facilities management industry is now worth around Rs. 16,500 Crore, of which the housekeeping industry accounts for Rs. 5,000 Crore, and The cleaning equipment and chemicals segment has a market size of around Rs. 1,000 Crore. Traditionally, the demand in this industry was mainly driven by the automobile, pharma, IT, and hospitality sectors. But now, every segment is demanding hygiene solutionsThe cleaning industry in India is growing rapidly. The organized side of the cleaning industry in India has grown by around 30-50% in the last 5 years. Today, most of the large corporate houses outsource cleaning work to professional companies with mechanized solutions.

Additionally, the “Swacch Bharat Abhiyan” started by the Government of India has spread the awareness among people of India about the importance of cleanliness and Hygiene. And after the outbreak of COVID 19, the demand for cleanliness sanitization has increased significantly.

FAQ Related to Roots Multiclean Limited

Q.1) Is Roots Multiclean Limited is a private or public company?

Roots Multi Clean Limited is a Public incorporated on 24 February 1992.

Q.2) Do Roots Multiclean Limited listed or not?

Roots Multi Clean Limited is an unlisted public company

Q.3) In which field the work of Roots Multiclean Limited is?

Roots Multiclean Limited is primarily engaged in the manufacturing and distribution of cleaning equipment and solutions. Their field of work revolves around designing, producing, and supplying a wide range of industrial and commercial cleaning machines, such as sweepers, scrubbers, vacuum cleaners, and pressure washers, along with associated cleaning chemicals and accessories. They cater to various industries and sectors, including hospitality, healthcare, manufacturing, retail, and more, providing solutions for maintaining cleanliness and hygiene in different environments.

Q.4) How is Roots Multiclean Limited is in liquid category?

Roots Multiclean Limited seems to have maintained a satisfactory level of liquidity over the two years, as indicated by its current ratio staying above 1.