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About Us
Lakshmi Precision Screws Ltd. (Hereinafter referred as “The Company”) is a high tensile manufacturing unit which was established in the year 1972. The Company is a pioneer in providing fastening technology globally having Joint Ventures, License Agreements, and Alliances with different fastening companies globally. It is also catering the needs of various sectors such as Wind Energy, Oil & Gas, Locomotives, Automobiles, Agriculture Equipments (Tractors), Machine Building and different Industrial and its sub-con items. The endeavor of the Company is to provide high level customer satisfaction.
The Company is located in Rohtak (Haryana) which has a close proximity being just sixty Kms. from the National Capital, New Delhi and falls in the northern region of India. With sheer hard work and sincerity The Company had set up another plant in the year 1993 keeping in view the growing global demand. In the recent past the company had set operational two more units, one in Rohtak and another in Industrial Modal Town, Manesar where leading manufacturers such as Hero Honda, Honda Motors Scooters India, Maruti Suzuki etc. are also established. The said manufacturers are also the customers of the Company.
However, collectively all the four units of this Company are spread over an area of 1, 00,000 square meters and have a total production capacity of 25,000 metric tons (MT) per annum. The Company expects that its production capacity will be rising 10% every year. The companies manufacturing units and warehouses were built keeping in view the close proximity of its Ancillaries, Raw Material providers and National Highways.
The Company looks upon while upholding the needs of its clients for providing most favorable blend of quality and cost effectiveness. The core competency of this Group lies in its ability to resource quality material and manufacture complete custom design solution. The Global vision and providing fastener solutions for more than three decades has now made The Company one of the Global Leaders for manufacturing high tensile precision fasteners and cold forged components.
The Company is one of the largest exporters of fasteners in India. Whereas 35% of the total sales is contributed from the products exported to a range of countries such as The United States of America (USA), Australia, Canada, Denmark, Dubai, France, Germany, Hong-Kong, Indonesia, Japan, Malaysia, Singapore, South Africa, Switzerland, Sweden etc. The Company is a partner of the Global Fastener Alliance (GFA).
The Company is constantly researching to enhance its quality of the products keeping in mind the increasing expectations of the customers and the Company’s brand. The Company is delighted and thankful to all its customers for regular support and its guidance.
OUR VISION
Be a Growth orientated professional organization promoting high standards of business ethics.
Establish strong R&D Facility and innovate continuously. Make each member of the organization feel proud and empowered. Strive to achieve 6σ (Six Sigma) Quality levels. Maximize shareholder’s wealth.
OUR MISSION
Continue to retain market leadership in Indian marketplace and establish LPS as a Global brand by creating value for customer through Technology, Quality, Cost Competitiveness and Innovation.
Be recognized by our customers as their best and preferred supplier of fasteners and components.
Exceeding customer expectations and striving for excellence.
OUR VALUES
Customer Obsession. Continuous Improvement. Respect for People.
Our Founder
Seth Shri Bimal Prasad Jain
A selfless humanitarian always has an uncommon appetite for service. With a similar prophecy, our founder and CMD, Seth Shri Bimal Prasad Jain, had an unparalleled foresight that could transform today into a smiling tomorrow.
For generations, he epitomized a way of life and a culture of business that took our organization to ascending heights. Under his able guidance and expertise, LPS gradually grew into a fastener giant in the industry and took the road to prosperity. With deep-rooted business values and strong corporate ethics, he stood firm on his ground, making customer satisfaction his guiding principle to success.
Milestones
2009
License to manufacture & market Torx Plus brand of proprietary products from
Accument USA
2008
Recommendation for strong Commitment
Award from CII. AS9001B Certification
2007
Received Best Performance Award from Bosch &
Knorr-Bremse. 2006
Quality Software SAPPHIRE implemented
Approved By Volkswagen for the supply of High Tensile Fasteners
Received Best Development Model Award
from HONDA MOTORCYCLES & SCOOTERS INDIA LTD.
2005
License to manufacture fasteners with Doerken®
Proprietary Delta-Seal® & Delta-Tone® Finishing
Technology
License to manufacture & market EJOT® brand of
proprietary products Delta-PT® & Altracs® from EJOT GMBH,
GERMANY
2004
Recommended for OHSAS 18001 Certification
2003
VOLVO Global Supplier Certification ISO/TS16949 (Version 2002)
Certification
2002
SAP R/3 implemented
Golden Peacock Environment Management Award
2000
QS-9000:1998 Certification 2001 ISO/TS 16949:1999 Certification
2001 - ISO 14001 Certification 1999
License to manufacture & market Torx® brand of proprietary products from Textron Inc. USA
1998
Marketing tie-up with RECOIL Pty. Australia
Joint venture with BOSSARD-AG, Switzerland
1996
ISO 9002 Certification1995
A2LA and NABL Accreditations 1991 to 93
Continuously received Regional Export Awardfrom EEPC
Established LPS Plant-II1988
Established as Exporter 1984
Registered as Public Limited Company
Products
A wide range of standard cold forged high tensile fasteners over 7,000 varieties covering the diameter range of M1.3 to M30 and the length range of 6mm to 300 mm.
Standard products cover most of international standards ISO, ANSI /ASME, BS, JIS, DIN etc.and engineered as per respective standards.
These standard product covers a very wide range of industries viz Automobile sectors, standard / special m/c building sectors, textile sectors, printing machineries etc.
Standard Products
Bolts & Screws Pins Nuts Allen Key
Special Products
Wind Energy Automotive Defence Electronic & Communication
Construction Agriculture Tool & Die Oil & Gas
Manufacturing & Services
LPS has vertical integrated manufacturing plant with a production capacity of more than 25,000 metric tonnes per year.
All manufacturing processes are carried out in-house with latest technology and most suitable machines with best in class Quality Management System.
Wire Rod Processing:- The process of Wire Rod Processing comes after detailed & thorough inspection of 100% raw material received for chemical compositions and forgeability. We have well-established NABL certified lab to verify the chemical composition and do have thorough verification in respect to inclusion rating and grains flow.
Wire Drawing :- Wire Drawing is carried out to get the required wire size for cold forging the parts depending upon the size of fasteners to be manufactured. Generally, the percent reduction in area is maintained between 7% to 15% so that there is not much resistance for deformation during cold forging wherever high percentage of reduction in area is required during wire drawing. Spheroidized Annealing of wire rod is carried out and its spheroidization value is maintained at greater than 90%. All wires are drawn from wire rod which is spheroidized annealed so that after spheroidized annealing, the wire rod is acid pickled and zinc phosphate which will act as lubricant during a skin passing in the wire drawing machine. This wire is now ready for cold- forging
Lakshmi Precision Screws is a ISO-9002, QS-9000, ISO-14001 & TS-16949 OHSAS 18001 and AS9100B certified company . Quality is very essential for our company and we are committed to produce Quality High Tensile Precision Fasteners. We ascertain that we procure and import our products from established and well reputed manufacturers and suppliers. Moreover, these products are checked at the manufacturer’s premises in the presence of our quality auditors. Further these are tested again at our end to become completely sure of their quality. The most important criterion of Quality is the satisfaction of customer, both National & International.
To keep pace with ever-increasing quality rate of change, Management at LPS established QMS which act as a strategic tool in its own right. Which will :
• Respond to change stakeholder's requirements • Provide control of processes with skilled manpower • Measures performance efficiency & cost • Drives continual improvement & integrates environmental, health & safety, functional
& quality management
Each lot that moves out of our production facilities undergoes mechanical, Chemical and metallurgical inspection at over 20 inspection nodes, beginning from raw material receipt to packaging.
A2LA, USA and NABL, India have accredited LPS test facilities. The ‘Advanced Product Quality (APQP), Production Part Approval Process (PPAP) and Failure Mode Effect Analysis (FMEA) have already been implemented. Strict on- line visual SPC techniques to monitor product quality on a real time basis have also been incorporated.
To ensure the best quality, we source raw materials, like wires and wire rods, from the best steel plants in South East Asia. With the latest advances in machinery automation, LPS has in-house capability to carry out all the operations for fasteners manufacturing. Cold forging with multi-station bolt makers of National, USA, Sakamura, Japan and Asahi Sunac. LPS is equipped with sixth generation machines where rolling can be done after heat treatment to ensure perfect lap free threading. Machining is done with CNC machines to form intricate shapes for specific applications. Continuous heat treatment improves product quality and the finish of the product is determined by application's specifications. All under the eagle eyes of an experienced quality assurance team.
Corporate Governance
LPS GROUP being a responsible corporate entity is conscious of utility, relevance and functional importance of ensuring and maintaining standards of utmost excellence of
corporate governance at par with global practice in this regard. We at LPS GROUP are of firm resolve born of innate conviction, believe that the responsibility one of the vital ingredient of corporate ethos pervades and percolate through each and every segment of our corporate houses having no visible end, it starts from the idea to culmination and then again emerge out of it being a self sustaining and elastic concept to be followed always consistently with vigour in every nook and cranny of corporate entities.
It gives us a sense of contentment but not complacency to assert that the LPS GROUP since when it has come into vogue has shown and displayed exemplary commitment backed by synergic and concrete steps originated from sound concepts and percepts of effective corporate governance in all hues and colors, from alpha to omega of all establishment and activities therein. Moreover LPS GROUP has always been a torchbearer of conceiving, creating and maintaining internal systems along with policies and agenda strictly in the line of world standards in relation to corporate governance and responsibility whereof in the region, though having a gloss of richest and profoundest Indian spiritual traditions successfully imbibed and further chanellized as dynamic, workable principles not as sterile issues only for sake of talking.
LPS GROUP has successfully created the mechanisms and viable structures therein to ensure exemplary and professional responsibility and greater accountability in all its endeavors in every domain. Need less to say that aforesaid measures and steps are strictly in consonance of regulatory and other directions of SEBI and other relevant regulatory bodies created by the due process of law of the land.
As a natural corollary of compliance of fundamental duties enshrined in Article 51 A of the Indian constitutional law, we at LPS GROUP are committed with creative anxiety to ensure clean and hygienic environment and sustainable development. We at LPS GROUP have blended our commitment of environmental conservation with our corporate objectives and ethos with commitment and gusto.
We at LPS GROUP firmly believe with utmost faith in eternal virtues of honesty and integrity which will beget trust to lead us to the pinnacle of excellence and the zenith of accomplishment thereby becoming a global model to emulate and cited as a paragon of corporate ethics and values. We understand and have taken keen interest to undertake effective and practical steps to foster the spirit of enterprise and accountability along with promotion of transparency and responsibility in our whole establishment and works thereto. This spirit is apparent and is consistently pursued with perseverance in all its ideas, policies programmes and endeavours inter-alia including activities and dealings with the regulatory bodies, employees, stakeholders, shareholders and customers etc.
At LPS GROUP, all regulatory compliances are followed and applied with professionalism in letter and in spirit and all stakeholders are kept informed of all relevant developments taking place in our esteemed organization in furtherance of our commitment to sound corporate ethics of responsibility, accountability and transparency.
The LPS GROUP abides by all set norms and compliances, follows a process of transparency along with reasonableness and fairness in all its dealings, and imbibes the
best governance practices with catholic zeal.
The LPS GROUP ensures that the rights and interests of all stakeholders are recognised and protected and all legal, statutory and other obligations fulfilled as and when arise with utmost care and due consideration coupled with professionalism and sense of purpose. The Group has developed a model code of conduct for its management and executives to ensure that the disclosure rules are followed without fail and there is accountability and transparency in the working of the organization to ensure discipline and excellence and zero tolerance for breach of the same.
Careers
At LPS, we believe in offering much more than just a job; we endeavor to give you a full-fledged career. We strive to build a dedicated team through individual and group activities, enriching knowledge & skills and providing conducive working environment.
Our employees are our biggest strength and asset. It is the underlying philosophy that has molded our workforce into a team with common goals and objectives. Our Employee-Management relationship is therefore characterized by:
Participative Management. Team work & Kaizen. Communication and information sharing.
This structure ensures better communication and prompts decision making process. It also creates an environment that fabricates trust, transparency and a sense of belonging amongst employees. HR VisionWe will make our company proud by being the best in what we do. We aspire to achieve leadership by continuously enhancing organizational & people capabilities, develop effective & efficient processes, remove the non-value added activities from the system that will satisfy the customers and attaining challenging benchmarks in productivity. HR Objectives
To ensure fair recruitment, enhanced performance, promotions, and improved quality of life of employees and their family members.
To ensure care for each other, openness & trust with focus on institutionalizing the collective initiatives of all.
To ensure job rotation, job enlargement, job enrichment, training and re-training, career & succession planning across the hierarchy.
To enable each employee to develop his / her ability to full potential with shared sense of direction under well-defined authority and responsibility to evolve a self-led team for competitive edge.
Fresh Engineers and Management Graduates
At LPS we see the training and education of our people as a continuous value-adding process. This approach hones, improves and enhances their skills and makes the organisation stronger.Our initial learning programme which is for all our recruits from engineering and management colleges, is specially designed and conducted with the objective of transforming fresh graduates into result oriented professionals.This program covers all facts of the industry including technical and shop floor trainings and developing managerial skills into the freshers.
Corporate Office
Registered Office & Works:
Lakshmi Precision Screws Limited46/1 Mile Stone,
Northern Bye Pass,Hissar Road, Rohtak - 124 001
Haryana (INDIA)Phone: +91 -1262 - 248288 / 248289 /
249920 / 248790 / 259230 - 34Fax: + 91 - 1262 - 248297 / 249922
E-mail: [email protected], [email protected]
View Location On Map
Export Office:
Lakshmi Precision Screws LimitedN.H. 10, Delhi Road,
Kharawar By Pass, Rohtak, 124 001Haryana (INDIA)
Contact Person: Mr. Amit JainPhone: 01262-305102
E-mail: [email protected]
View Location On Map
E-mail ID excusively for the purpose of registering complaints by investors:
[email protected] Office
