The Company was incorporated in the name of Rushil Enterprises Pvt.Ltd. in the year 1990.

The Company was promoted by Mr. Chetan M. Tamboli, the present Chairman in the year 1990.

Initially a sick unit was taken over from the present Bankers of the Company, viz. State Bank of Saurashtra. In the year 1996 Rushil Enterprises Pvt.Ltd. became a closely held deemed Public Limited Co. in the name Rushil Industries Limited.