FIEM INDUSTRIES LTD.

FIEM Industries Ltd. 532768
FIEMIND Group (B1) MKTCap (Rs Cr) 76.44

Business Overview
Our Company is promoted by Mr. J.K. Jain, our Chairman and Managing Director, who is a first generation promoter. He has a rich experience of about 35 years in automotive components industry and is one of the pioneers of the automotive components industry in India .Our Company is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors. Our major business comes from the two-wheeler segment of the vehicle industry. We have a wide range of two-wheeler lighting systems and rear view mirrors. Our diversified products portfolio ranging form rear view mirrors, head lamps, tail lamps, roof lamps, wheel covers, warning triangle, complete rear fender assembly, frame assembly, mudguards and various sheet metal & plastic parts etc. is capable of catering to the needs of almost all segments of automobile industry viz., two-wheelers, LCVs, HTVs and tractors.
Our existing plants are located at Kundli (Sonepat, Haryana) (Unit I), Hosur (Tamil Nadu) (Unit II & III) and Mysore (Karnataka) (Unit IV). Our upcoming units will be located at Hosur (Tamil Nadu) (Unit V) and Nalagarh (Himachal Pradesh) (UnitVI). The proximity of our plants to our OEM customers offers logistic savings to our valued customers and further enables us to cut our inventory carrying costs and shorten the delivery time. Moreover, our commitment to customer's satisfaction in terms of quality, cost in time delivery and services is amply reflected at in the repeat orders and awards form customers. We have had the opporitunity of been associated with some of our prestigious OEM cutomers since the start of their operation in India. In its quest for continuous improvement, FIEM has acquired certifications such as ISO 9002, QS 9002, QS 9000 , ISO/ TS 16949:2002, & ISO 9001. It has also acquired certification for confirmity of production form RDW Netherlands. FIEM has also been accredited with ISO14001-2004 Certification for Environment Management Systems. FIEM employees are constantly being trained to meet the customer's specific requirements as per TQM. As a result of all these, FIEM has become a Tier I Supplier not only in India but also in Europe and USA .
Our existing plants are located at Kundli (Sonepat, Haryana) (Unit I), Hosur (Tamil Nadu) (Unit II & III) and Mysore (Karnataka) (Unit IV). Our upcoming units will be located at Hosur (Tamil Nadu) (Unit V) and Nalagarh (Himachal Pradesh) (UnitVI). The proximity of our plants to our OEM customers offers logistic savings to our valued customers and further enables us to cut our inventory carrying costs and shorten the delivery time. Moreover, our commitment to customer's satisfaction in terms of quality, cost in time delivery and services is amply reflected at in the repeat orders and awards form customers. We have had the opporitunity of been associated with some of our prestigious OEM cutomers since the start of their operation in India. In its quest for continuous improvement, FIEM has acquired certifications such as ISO 9002, QS 9002, QS 9000 , ISO/ TS 16949:2002, & ISO 9001. It has also acquired certification for confirmity of production form RDW Netherlands. FIEM has also been accredited with ISO14001-2004 Certification for Environment Management Systems. FIEM employees are constantly being trained to meet the customer's specific requirements as per TQM. As a result of all these, FIEM has become a Tier I Supplier not only in India but also in Europe and USA .

VISION:
To be the most preferred supplier of Automotive Lighting, Signalling Equipments and Rear View Mirrors for domestic as well as global OEMs providing advanced design solution, quality products at lower costs by adapting Lean manufacturing process, Value Engineering and total quality management.
MISSION:
To be a dominant player in Automotive Lighting, Signaling Equipments and Rear view Mirrors. To Enhance Stakeholders value while conserving the environment and contributing to welfare of the society at large.
QUALITY POLICY :
We “The Employees" of FIEM Industries Limited Unit give our customers “Total Satisfaction” in terms of Quality, Cost and On Time Delivery. We will pursue continuous improvement in Product Quality by upgrading the Technology and Training of Employees.
Message from The Chairman & Managing Director:
Fiem is committed to offer advanced design solutions and adoption of state of the art technologies with lean manufacturing process to deliver world class quality products for Automobiles to make driving safer.Team Fiem aims at achieving ‘Total Customer Satisfaction” by offering zero defect products at competitive price. It pursues this goal with relentless Zeal & Dynamism and constantly endeavors to add value to its Stakeholders and preservation of environment.
Our Company is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors.Our company was originally incorporated in India as Rahul Auto Private Limited on February 6, 1989 in New Delhi under the Companies Act, 1956. We set up our unit at HSIDC Industrial Estate, Kundli, Sonepat (Haryana) for carrying on the business of manufacturing rear view mirrors for two, three and four wheelers. We changed the name of our Company to FIEM Industries Private Limited w.e.f. May 7, 1992. Subsequently, our Company was converted into a public Company w.e.f November 30, 1993 pursuant to which, the name of our Company was changed to FIEM Industries Limited.During the year 1993-94, we added additional facilities for manufacturing of automotive lighting and signaling equipments such as head lamp, tail lamp, side indicator, reflex Reflector, fog lamp, etc. With a view to expand our business, we shifted all our manufacturing during the year 1993-94 to the plant situated at 32 Mile Stone, G . T. Road , Kundli, Sonepat, (Haryana) (Unit 1) having full fledged testing laboratory for manufacturing automotive lamps & rear view mirrors conforming to International Standards viz, JIS, ADR, DOT, ECE, SAE and Indian Standards viz., AIS and BIS. In the year 1996, our company set-up a Joint Venture Company under the name and style of FIEM Sung San (India) Limited in association with Sung San Co. Limited, Korea and Daewoo Motors India Limited. Subsequently, FIEM Sung San ( India ) Limited became our subsidiary w.e.f September 30, 2005 pursuant to the acquisition of 32,50,000 Equity Shares of Rs. 10 each.
We further expanded our capacities with the setting-up of our Unit II in the year 2003-04 at 219/2B, Thally Road, Kallukondapalli, Hosur Tamil Nadu for manufacturing head lamps, tail lamps, / rear combination lamps, side indicator lamps, reflex reflectors and rear view mirrors. We set up our Unit III in the year 2004-05 at Kelamanglam, Achittapalli Post, Hosur, Tamil Nadu for manufacturing sheet metal items viz., frame, mudguards, stands, guard exhaust pipe. In the same year we set up our Unit IV at S.No. 29, Madargali Village , Varuna Hobli, Mysore Taluk, Karnataka for manufacturing value added products such as assembly of rear fender for two wheelers.We are presently conducting trail runs at our Export Unit (Unit V) at Kelamangalam, Hosur, Tamil, Nadu for manufacturing mirror plates, mirror assembly, head lamps, tail lamps, and side indicators. We are also in the process of setting up of Unit VI at Nalagarh, Himachal Pradesh which shall engage in the manufacture of head lamps, tail lamps, side indicator lamps, rear fender, reflex reflectors and rear view mirrors primarily for the four wheeler segment. We have been accredited with ISO-9002 in the year 1997 by BVQI, London .
In the year 1999, our Unit Sonepat Haryana was accredited with ISO 9001: 2000 & ISO 9002 : 1994 and the quality system requirements certification QS 9000 : 1998 by Underwriters Laboratories Inc. (UL), USA for the manufacture of automotive lighting & signaling equipments and rear view mirrors. Subsequently, in the year 2004, our Unit I at Sonepat, Haryana was accredited with ISO/TS 16949 : 2002 by UL, USA. In the year 2005, our Unit II at Hosur , Tamil Nadu was accredited with ISO/TS 16949 : 2002 by UL, USA. In the same year, our Unit I at Sonepat, Haryana was accredited with ISO 14001-2004 by UL , USA. Prior to this in the year 2002, our unit I at Sonepat, Haryana also received the 'Confirmity of production' form RDW, Netherlands for e-marked products. Our Company was awared Bhartiya shiromani Puruskar by the Institute of Economic Studies (IES), New Delhi , in the year 2005.

Major events in the history of our Company since inception
Year Key events
1989 -
Incorporation of our Company under the name and style of Rahul Auto Pvt. Limited Unit at HSIDC Industrial Estate, Kundli, Sonepat (Haryana) set-up
1992-
Change of the name of the Company from Rahul Pvt. Limited to FIEM Industries Pvt. Limited
1993 -
Converted to public Limited Company pursuant to which the name of the Company changed from FIEM Industries Limited Shifted all manufacturing facilities to the plant situated at 32 Mile Stone, G.T. Road, Kundli, Sonepat (Haryana) (Unit I) having full fledged testing laboratory
1996 -
FIEM Sung San (India) Limited, a Joint venture Company set-up in Noida, Uttar Pradesh pursuant to a Joint Venture Agreement in association with Sung San Co. Limited, Korea and Daewoo Motors India Limited ( formerly DCM Daewoo Motors Limited )