History

THE MARK OF A LEADER

A Brief Background & Company Profile

Stone India started its operations in India in 1931 as a wholly owned subsidiary of J. Stone & Co., U.K. In the initial stages the Company was a trading unit, importing products from its U.K. principals for selling in the Indian Railway market. However, the Company at present manufactures fully indigenous products.

As part of compliance with FERA Regulations, Stone India diluted its foreign equity in 1991.

Stone India is a multi products engineering company and has been serving Indian railroad industry for over decades.

The Company has now begun a new path to growth by concentrating on its core strength areas in the railway market and has consistently increased its market share by aggressive marketing, innovative pricing and customer satisfaction policies.

The Company is a pioneer in brake systems and train lighting alternators and today is the undisputed leader in locomotive brake system and has a wide range of mechanical and engineering products for the rail road industry. The Company has established World record for the High Reach Pantograph as certified by the World Record Academy. The Company is fully committed to achieving international standards of performance in cost, quality and delivery. It takes pride in its values and ethical business practices, corporate governance and environment friendly approach. The Company is having two manufacturing units, one is at 16, Taratalla Road, Kolkata- 700 088 and the other one is situated at Baddi, Himachal Pradesh and the Company is providing direct employment of more than 400 employees. The company succeeded in acquiring some prestigious international contracts in spite of tough competition. The Company is fully committed to achieving international standard of performance in cost, quality and delivery. It takes pride in its values and ethical business practices, corporate governance and environment friendly approach.

As a part of diversification activities, In 2011, Stone India looked beyond its conventional Railway Equipment business and introduced Platform Screen Door System to Indian Metro Rail market in association with one of the largest manufacturer of South Korea and achieved it’s first success in 2013 with a project worth USD 14 Million (INR 8200 Lacs). Platform Screen Door is a highly engineered item which is part of station infrastructure and is considered a passenger safety item too. This transformation caused by adopting this system as a part of the product portfolio is being looked as a big leap for the company which has historically been a component / equipment manufacturer to become a complete transportation system supplier. Stone India aims to introduce this product in Metro / Urban Railway segment where the urban transportation industry is seeing huge activity and implementation of projects across various cities in the country.

On its mission to grow in afore mentioned strategic approach and simultaneously looking beyond the conventional railway business, Stone India proposes to introduce another engineering item which is related to infrastructure development of varied applications and market segments, they are Escalators and Elevators. Stone India aims to introduce these products in selected industry segments in transportation sector which are loudly applicable to Stone India’s present customer, Indian Railways also.

Stone India’s Bio Toilet business is intended in the activities of providing biological toilets for up-liftment and development of hygiene and sanitation in urban, semi urban, rural, schools and slum areas which ultimately eliminate open defecation, manual scavenging, prevention of water borne diseases and to provide free education and training on better hygiene and sanitation practices. This gives a sustainable sanitation solution. The Department of Scientific & Industrial Research under the Ministry of Science and Technology, Govt of India had supported this Biological Toilet system.

The philosophy of “Power generation at the Point of Consumption” has driven the management of Stone India to conceive the unique String Inverter technology and to explore into the growing field of Green Energy Revolution, especially in solar photovoltaic field. Our country is experiencing a huge scarcity of resources for the generation of power through conventional system and Stone’s business initiative is in response to the great need for empowering the untapped market with its unique products for Solar Industry.

The company is an ISO 9001 and ISO 14001 accredited Company and listed with Bombay Stock Exchange & Calcutta Stock Exchange.

A well-groomed professional team led by the Managing Director & CEO manages the overall operation of the Company. The Managing Director is a well-known technical professional who has rich and varied experience in these fields.