What RICO group does

RICO group, legally incorporated as Ridhisidhi Techno Solution Pvt. Ltd. (CIN U31900PN2009PTC133444), is a Pune, Maharashtra-based manufacturer and exporter of precision electrical, mechanical, and electromechanical components serving industrial and automotive OEM customers. The company operates from a 60,000 square-foot manufacturing facility and holds IATF 16949:2016, ISO/TS 16949:2002, and ISO 9001:2015 certifications, alongside documented APQP, PPAP, and MSA quality processes. Its product portfolio spans solenoids (automobile solenoid switches, locking solenoids, fuel-off solenoids, stop solenoid valves, brake/lift solenoids, printer solenoids), heaters (diesel glow plugs, air intake/manifold heaters, fuel oil heaters, water jacket and block heaters), switches (oil pressure, brake light, bimetal temperature, V-belt failure), level gauges and sensors (water level sensors, fuel level gauges, Hall effect and inductive speed sensors, exhaust temperature sensors up to 1000°C), valves (solenoid-operated, pressure regulator, thermostatic control, EGR), and emerging items including EV charging connector lock solenoids and fuel dispenser pumps. The company also lists defence-approved solenoid variants, indicating niche regulated applications.

RICO generates revenue through direct B2B sales of manufactured hardware to OEM customers, with products priced on a per-piece basis ranging from ₹100 (printer solenoids) to ₹40,000 (heaters with built-in switches). The go-to-market is predominantly direct sales with quote-based ordering, supplemented by an IndiaMART Trustseal-verified listing for lead generation and a public product catalog on its own website. Pricing is per-unit with disclosed minimum order quantities (e.g., 100 pieces for EGR valves and over-speed switches, 25 pieces for temperature sensors) and no recurring or subscription revenue component. Customers include Ashok Leyland, Mahindra & Mahindra, Cummins India, Kirloskar Oil Engines, Atlas Copco (India), BEML, Elgi Equipments, Federal-Mogul, Greaves Cotton, F.G. Wilson, Eicher Tractors, L&T John Deere, and Tafe Motors, spanning automotive, agricultural equipment, construction equipment, diesel engines, and power generation.

The company is privately held and bootstrapped, with a paid-up capital of ₹100,000 and open charges of ₹2,000,000, led by CEO Ritesh Harishchandra Kolte. It exports to Bangladesh, Nepal, Sri Lanka, Indonesia, and Saudi Arabia, and is actively operating with 51–100 employees and an annual turnover stated as 5–25 Cr INR. Strategic emphasis appears to be on broadening the product surface into EV (EVSE lock solenoids) and emission-control (exhaust temperature sensors, EGR valves) adjacencies while maintaining its core Indian industrial OEM supply base.

Name

RICO group

Legal name

Ridhisidhi Techno Solution Pvt. Ltd.

Website

https://ricocontrol.net

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

51–100 employees

Short description

RICO group (Ridhisidhi Techno Solution Pvt. Ltd.) is a Pune-based IATF 16949-certified manufacturer of electrical, mechanical, and electromechanical components — including solenoids, heaters, switches, sensors, and valves — supplying Indian and select export-market OEMs across automotive, diesel, agricultural, and industrial equipment verticals.

Ownership category

akta.pro rank

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Manufactured Product Sales: Revenue generated from manufacturing and selling electrical, mechanical, and electromechanical products including solenoids, heaters, switches, valves, sensors, and level gauges to industrial OEM customers. Products are sold at per-piece unit pricing with no recurring revenue component mentioned.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

RICO group manufactures and supplies a wide range of precision electrical, mechanical, and electromechanical products for industrial and automotive OEM applications. The portfolio includes solenoids, diesel glow plugs and process heaters, pressure and temperature switches, level gauges and sensors, solenoid and control valves, speed sensors, relays, EGR valves, and electronic assemblies, all produced in a 60,000 sq ft facility in Pune and sold under the Rico brand. Products are priced per piece and supplied directly to OEMs in India and select export markets.

Product overview

RICO group, established in 1973, is a manufacturer and supplier of precision electrical, mechanical, and electromechanical products for industrial applications. The product portfolio is organized into distinct categories: Solenoids (including automobile solenoid switches, locking solenoids, fuel-off solenoids, stop solenoid valves, and specialized solenoids for printers, fire fighting, and brake/lift applications); Heaters (diesel glow plugs, air intake/manifold heaters, fuel oil heaters, industrial flange heaters, oil immersion heaters, electric space heaters, water jacket heaters, block heaters, and jacket heaters); Switches (oil pressure switches, brake light switches, neutral safety switches, bimetal temperature switches, temperature safety controls, and V belt failure switches); Level Gauges & Switches (water level sensors, level switches, fuel level gauges); Sensors (water level float switches, vehicle speed sensors); Pressure Sensors (oil pressure sensors, pressure sensor cum switches, differential pressure sensors); Valves (thermostatic control valves, pressure regulator valves, solenoid valves, 4-way solenoid valves); Temperature Sensors (temperature sensors, PTC sensors, exhaust temperature sensors); Speed Sensors (Hall effect sensors, inductive speed sensors, speed controllers, over speed switches); Electronic Assemblies (hydrophobic filters, solenoid controllers); Relays (digital cyclic delay relay timers, on delay relays); Gas Valves (EGR valves); Level Sensors (fuel/AD Blue sensors, oil flow switches); and specialized products including battery isolator switches, industrial vacuum pumps, printer pickup rollers, flow switches, differential pressure indicators, and fuel dispenser pumps. The company serves automotive, construction, and industrial equipment sectors with products for engines, hydraulic systems, and equipment protection.

Differentiator

Problem solved

Functional benefit

Products and services

• Automobile Solenoid Switch Single winding solenoid for converting electrical signals to reciprocating mechanical movement; fully sealed assembly for switchgear changeover applications in industrial and automotive systems.
• Switch gear Solenoid Single winding solenoid for converting electrical signals to reciprocating mechanical movement; fully sealed assembly for switchgear changeover applications.
• Shut Down Coil / Locking Solenoid Continuous duty locking solenoid wound with Class H wire and potted with Class H epoxy, providing high compaction and holding force for fuel shutoff and locking applications.
• Stop Solenoid Valve High-temperature solenoid valve built with quality copper wire to withstand harsh road and weather conditions, for engine stop/start applications.
• Solenoid With Built-in Timer Fuel-off solenoid with integrated timer that pulls the fuel injection pump lever when positive supply to the signal terminal is disconnected, for energise-to-off applications.
• Fuel Off Solenoid (Two Winding) Continuous duty two-winding solenoid that converts electrical signals to reciprocating movement for mechanical device activation; defence-approved variant available.
• Door Locking Latching Solenoid Electronic lock solenoid for cabinet and door security that draws no power in locked state and pulls the plunger when supply voltage is applied to open the door.
• Frame Solenoid / Parking Lock Solenoid Compact D-frame encapsulated linear electromagnet with low power consumption and 30 ms fast switching time, used for brake, lift, and parking lock applications.
• Fire Fighting Solenoid Very low response time solenoid with IP65 protection used in electric transformer fire-fighting applications.
• Printer Solenoid Extremely compact sealed solenoid with iron body and open frame design for inkjet printing applications requiring very high life.
• Fuel Off Solenoid (Single Winding) Single winding solenoid that converts electrical signals to reciprocating mechanical movement to activate fuel pump levers and similar mechanical devices.
• Brake / Lift / Partial Duty Solenoid Compact push or pull solenoid with low power consumption and 30 ms or less fast switching time for elevator brake applications.
• AC DC Green Solenoid Energy-efficient solenoid solution using a permanent magnet in conjunction with the solenoid winding to maintain plunger position with no current applied.
• Electronic Solenoid Two Winding (B-Series) Two-winding continuous duty solenoid with externally disconnectable pickup coil, CE and TUV certified for industrial applications.
• Break / Lift Solenoid Continuous duty solenoid capable of 70 kg force output used to brake elevators at various levels.
• Diesel Glow Plugs Glow plugs that heat engine combustion chambers in cold conditions to aid ignition at cold start; mounted on the suction manifold, available in 12V-52A, 24V-26A, and 6V-41A variants.
• Air Intake / Grid / Manifold Heater Cold-weather engine preheating aid that helps reduce white smoke and engine wear during starting.
• Fuel Oil Heaters Heaters installed in fuel delivery systems of vehicles and diesel generator sets to raise diesel fuel temperature in tank, filter, and delivery line.
• Industrial Flange Heater Aluminium flange heater (220V–420V) for heating gases and suction manifold air during cold start to reduce white smoke emission.
• Oil Immersion Heaters Sealed brass-body 2000W immersion heater for heating oil in oil sumps under extreme cold conditions; requires external thermostat.
• Electric Space Heater Portable device to heat air in control panels, rooms, and cabinets; available in various wattage and voltage configurations.
• Fuel Heater Fuel heater installed in fuel head to provide constant supply of atomized fuel as per customer requirement.
• Water Jacket Heater IP65-compliant external device with built-in temperature controller that heats water in engine cylinder block jackets.
• Block Heater Engine-mounted water jacket heater that warms the engine in cold climates and reduces wear due to cold starts.
• Jacket Heater Customized jacket heater suitable for battery heating and fuel line heating to retain cranking power in cold weather.
• Space Heater Heater for air in control panels, rooms, and cabinets; available in various wattage and voltage configurations as per customer requirement.
• Heater With Built-in Switch / Fuel Heater Heater with built-in preset solid state switch in epoxy coated enclosure, reducing wiring and control cost.
• Oil Pressure Switches Spring-loaded rubber diaphragm switch that prevents equipment from running when lubricating oil or air pressure drops below a safe limit.
• Brake Light Switch Switch that transmits a signal to the vehicle safety unit or tail lamp when brakes are applied.
• Neutral Safety Switch Precision-manufactured electromechanical switch with high carbon steel plunger for switching changeover controls from NO to NC.
• Bimetal Temperature Switches Switch using a bi-metal strip to initiate indication or stopping of equipment when a specified temperature is reached.
• Temperature Safety Control Switch supplied with thermo-well that prevents compressors from running when oil temperature exceeds the safe value.
• Fuel Oil Filter Choke Switches Spring-loaded rubber diaphragm switch that prevents equipment from running when a fuel or oil filter element gets choked.
• Air Cleaner Choke Switches Automatic switch that prevents engine disfunctioning when the engine air cleaner element gets choked.
• Temperature Control Switch Electronic temperature switch that prevents equipment from running when oil or water temperature exceeds a safe value; can withstand 35 bar pressure.
• Canopy Air Temp Switch Switch that prevents equipment from running when the air temperature of generator canopies exceeds a safety limit.
• V Belt Failure Switches Electromechanical torsion spring-loaded device that switches off a diesel engine upon V belt disfunctioning.
• Water Level Sensor Capacitance-comparison water level sensor with built-in 6-second delay to avoid erratic tripping; supports horizontal or vertical mounting.
• Level Switch Type II Multi-point level switch with 220V to 420V switching voltage, for 12V/24V DC applications and working pressure environments.
• Level Gauges and Switches Fuel level gauge with horizontal dial for vertical mounting; indicates fuel level in fuel tanks with built-in switch for low/high level indication.
• Fuel Level Gauge with Switch Vertically mounted device with horizontal dial for easy reading that indicates fuel level with a built-in low/high level indication switch.
• Level Switch Type I PU/PP nylon float-operated level switch where magnetic linking of flux operates a reed switch to produce electrical signals based on liquid level.
• Shut Off Valves Emergency shut down valve capable of blocking fluid flow within a pipeline, with viton rubber bonded during molding to the metal disc.
• Solenoid Operated Valves Direct-operated solenoid valve for water media, manufactured and exported with focus on customer satisfaction.
• Transmission Solenoid Combination solenoid valve used on hydraulic equipment blocks with closely machined valve for reliable operation.
• Pneumatic Solenoid Valve Inline solenoid valve with extremely low pressure drop that switches off flow of air and fuel in hydraulic circuits.
• Water Solenoid Valve Solenoid valve that shuts off or allows fluid flow when electrically energized or de-energized.
• EV Charging Connector Lock Solenoid Lock designed for EVSE socket or Type 2 IEC 62196 EV charging socket for two-wheeler electric vehicles.
• Dickey / Flap Lock Mini 12V/24V latching solenoid lock, normally closed in power-off state, suitable for Arduino control, RFID, and biometric access control.
• Latching Solenoid Standard DC latching solenoid comprising coil, plunger, and magnetic stop that attracts the plunger when electric current is applied.
• Oil Pressure Sensor Stainless steel pressure sensor providing proportionate resistance output with increase or decrease in pressure, with built-in low oil pressure switch.
• Pressure Sensor Cum Switch Device providing proportionate resistance output with built-in low pressure switch for pressure monitoring applications.
• Differential Pressure Sensor Sensor that measures the difference in pressure at its two ports, used when absolute pressure knowledge is not necessary.
• Thermostatic Control Valve Control expansion valve for thermostats and thermo-activated control devices, available in control point, linear type, and low temperature variants.
• Pressure Regulator Valve Regulating valve for control of gases and liquids, regulating air discharge pressure in compressor delivery lines.
• 4-Way Solenoid Valve Solenoid valve for multi-directional flow control applications.
• Water Level Float Switch Stainless steel float-operated device where magnetic linking of flux operates a reed switch to produce electrical signal based on liquid level.
• Vehicle Speed Sensor Hall effect sensor with internal magnet for vehicle speed, wheel speed, ABS brake systems, and camshaft sensing applications.
• Temperature Sensor Device providing proportionate resistance with increase or decrease in temperature, available in positive and negative temperature coefficient variants.
• Temperature Sensor PTC Sensor PTC temperature sensor providing proportionate resistance output with increase in temperature, with arrangement for high temperature applications.
• Exhaust Temperature Sensor Sensor operating over a temperature range of -50°C to 1000°C for monitoring exhaust temperature in diesel engines.
• Hall Effect Sensor Hall effect sensor providing square wave output proportional to the RPM of a toothed wheel; designed to withstand extreme conditions from -40°C to +150°C and detect ferrous targets down to absolute zero speed.
• Speed Sensor and Controllers Magnetic sensor and controller that receives safety signal, gives visual indication, then pulls and holds a solenoid for a preset time for equipment protection.
• Inductive Speed Sensor Sensor for incremental measurement of rotational speed (crankshaft or wheel speed) with high temperature resistance and compact design.
• Over Speed Switch Mechanical reset switch (400 rpm to 2000 rpm) that switches off electrical motors or engines taking drives from a speedometer cable in case of high speeding.
• Fuel Level Gauge Level gauge with no moving parts except the cockpit needle; horizontal dial design for vertical mounting to indicate fuel level in fuel tanks.
• Oil Level Gauge Horizontally mounted gauge with aluminum float for indicating the level of oil or fuel under pressure.
• Tank Level Indicators Level indicators for tanks used to monitor and display liquid levels in storage containers.
• Hydrophobic Filters IP67-rated connector with built-in resistance used as filters in ECU assemblies.
• Solenoid Controller Controller used to drive a two-winding solenoid where the primary is disconnected after a preset time, achieving more force with less current.
• Break Switch Device that indicates or controls a vehicle on application of brakes and gives a signal to a safety unit or tail lamp.
• Differential Pressure Switch Device preset to indicate electrically when cleaning or changing of filter elements is necessary, for mineral oil media.
• Digital Cyclic Delay Relay Timer Panel mounting timer relay with 4 poles and 220V rated voltage for cyclic delay operations.
• On Delay Relay Compact automobile solenoid with built-in timer that releases the plunger after a preset timing; features a frequency modulator to minimize energy consumption.
• EGR Valve Combination of solenoid with valve for compact exhaust gas regulation as per engine requirements; consists of solenoid actuator and valve in one unit.
• Fuel Sensor / AdBlue Sensor Device providing proportionate resistance output with change in fuel level, with built-in low fuel indication arrangement.
• Oil Flow Switch Flow switch for display and monitoring of liquid and gaseous media flow.
• Battery Isolator Switches Compact sealed device that disconnects and reconnects a battery by simple knob turn, eliminating power draw when a vehicle is not in use.
• Industrial Vacuum Pumps 1 HP, 20 meter head vacuum pump operating on 12V/24V for industrial applications.
• Printer Pickup Rollers Plastic printer pickup rollers for inkjet printers, supplied in box packaging.
• Water Flow Switch Poppet type flow switch for generating signals when flow exceeds or drops below safe limits, available in brass, nylon, PP, and stainless steel.
• Differential Pressure Indicator Indicator rated 1 to 8 Bar (max 25 Bar) that visually shows when filter elements must be cleaned or changed.
• Fuel Dispenser Pump Semi-automatic electronic self-priming reciprocating piston pump (0.5 L/min to 3 L/min) for fuel transfer from one tank to another.

Quantifiable outcome

• Trusted supplier to major Indian OEMs including Ashok Leyland, Cummins India, Mahindra & Mahindra, Kirloskar, and others

Named customers14 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• TE Connectivity: Global manufacturer of electrical and electronic components including sensors, relays, and switches for automotive, industrial, and aerospace applications; broad incumbent with comparable component categories but vastly larger scale.
• Bosch India: Indian arm of Robert Bosch, one of the largest automotive component manufacturers globally; competes with RICO across multiple categories including solenoid valves, sensors, switches, and diesel-engine components, but with vastly greater scale and R&D depth.
• WABCO (ZF Commercial Vehicle Control Systems India): Global supplier of braking systems, air management, and electronic controls for commercial vehicles; overlaps with RICO's pressure switches, level sensors, and solenoid valve portfolio in the commercial-vehicle and genset OEM customer base.
• Eaton Corporation: Global power management company with a substantial industrial-controls portfolio including solenoid valves, pressure switches, level sensors, and electromechanical components for vehicle and industrial OEMs — broad incumbent competing in many of RICO's categories.

Direct peers

• Sensata Technologies: Global manufacturer of sensors, pressure switches, and electromechanical components used in automotive, heavy-vehicle, and industrial applications — directly comparable product portfolio (pressure/temperature/level sensors and switches).
• Endurance Technologies: Indian automotive component manufacturer with aluminium die-casting, suspension, braking, and electrical product lines supplying Indian and global OEMs; comparable in customer profile and electromechanical manufacturing scope.
• Lumax Industries: Indian automotive lighting and electronics supplier for two-wheelers, passenger vehicles, and commercial vehicles; comparable to RICO in serving Indian OEMs with electromechanical and electronic assemblies under IATF quality frameworks.
• Uno Minda (Minda Industries): Leading Indian manufacturer of automotive switches, sensors, lighting, and electrical/electronic components supplying directly to Indian OEMs including Ashok Leyland, Mahindra, Tata, and Maruti — the closest direct peer to RICO's switch and sensor portfolio.
• Suprajit Engineering: India's largest manufacturer of control cables and a growing supplier of automotive switches, sensors, and electromechanical assemblies to Indian and global OEMs — directly comparable in switch/electromechanical manufacturing.
• Fiem Industries: Manufactures automotive lighting, signaling, rear-view mirrors, and electronic components for two-wheeler and four-wheeler OEMs in India; directly comparable to RICO's automotive electrical/electronic component mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ridhisidhi-techno-solution-pvt-ltd-

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RICO group