ARGL Ltd started operations in 1996 manufacturing Ring Gears for Maruti Suzuki with the support of Benda Kogyo Co., Ltd. The business soon expanded with the acquisition of US based, Midwest Manufacturing Co. and UK based Lloyds Bierly Hill. With these acquisitions and a commitment to precision engineering, ARGL Ltd quickly rose to prominence and was soon established as a world leader in Starter Ring Gear Manufacturing. In 2020, the company was acquired by Singapore based firm, Investment Opportunities IV Pte Ltd, a Singapore entity that is managed by Ares SSG, one of the largest alternative investment managers in Asia-Pacific.

ARGL Ltd currently possesses a manufacturing capacity of 16 million per annum across 3 factories in the National Capital Region of Delhi, up from only 1 million per annum at the turn of the millennia in 2001. The company currently stands as the largest ring gear manufacturer in India and indeed one of the largest across the globe, all while having the ability to produce DIN class 10 ring gears.