Electronica HiTech Engineering Pvt. Ltd.

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About Group Milestones

1973

Electronica Group started by S. R. Pophale, P. K. Ratnaparkhi, and R. K. Ratnaparkhi began its operations with manufacturing of First Indigenous EDM

1983

Electronica Group entered into trading activity for CNC Metal Cutting Machines

1993

Beginning of Electronica Finance Ltd. that went on to become the Non-Banking Finance Company (NBFC) in India,catering to Micro, Small & Medium Enterprises for Equipment / Machine Finance Finance This year also saw the start of Electronica Tough Carb Ltd. for manufacturing Tungsten Carbide Products with the First Sinterhip Furnace in the Country

1997

1500th Imported Machine delivered

1998

Electronica Finance Ltd. registered with RBI as a Non-Banking Finance company

2002

Electronica Finance Ltd. tied up with all leading Machine Tool Companies in India for financing their machines

2004

Start of trading of CNC Metal Forming Machines

2006

Electronica Finance Ltd. Classified as Asset Finance Company by Reserve Bank of India

Electronica Finance Ltd. recognized by SIDBI as Co-branding partner to extend their reach to Micro, Small & Medium Enterprises

2007

Formation of a separate Group Company - Electronica HiTech, to focus on trading activity of Metal Cutting& Metal

Forming Lines Start of CNC Sheet Metal Component Manufacturing Unit by the name of Electronica HiTech Engineering Pvt. Ltd. at Urawade near Pune

2008

Group was divided into 3 distinct verticals for succession planning. Later on SRP Group went into following Businesses:

  • Electronica HiTech Machine Tools 
Pvt. Ltd.
  • Electronica Tough Carb Ltd.
  • SRP Tungsten Pvt. Ltd.
  • Electronica Finance Ltd.
  • Electronica HiTech Engineering Pvt Ltd.
  • Amigos (Entertainment Division)

Electronica Finance Ltd. is classified as Non-Deposit taking Systematically Important (ND-SI) NBFC as its asset base crossed Rs. 100 Cr mark.

Electronica Finance Ltd. is recognized by WORLD BANK for exclusive work in MSME Segment in India

2009

Launched Electronica Make Entry Level CNC Lathes

2010

A management case study on Electronica Finance Ltd. written by Asst. Prof. at NIBM was published in the prestigious IIM Ahmedabad Journal

2011

A management case study on Electronica Finance Ltd. written by Asst. Prof. at NIBM was published in the prestigious IIM Ahmedabad Journal

2012

A management case study on Electronica Finance Ltd. written by Asst. Prof. at NIBM was published in the prestigious IIM Ahmedabad Journal

2014

Electronica Finance LTD. achieved Rs. 600 Cr. Asset Under Management (AUM)

Formally created separate CSR Cell to work on CSR initiative of the SRP Group