History
- 1981 - Foundation Stone laid
- 1981 - Incorporation and commencement of business
- 1982 - First Annual General meeting of Members
- 1983 - First Public Issue of equity shares
- 1984 - Commercial production of Rear Axle Housing
- 1986 - Commercial production of Brake Assembly
- 1988 - Commercial production of Axle Assembly for LCV manufacturers
- 1991 - Entered Export market by exporting prototypes to MB-Germany
- 1995 - Rights issue in the ratio of 1:4
- 1996 - Sales cross Rs. 1 billion
- 1998 - Quality Management System certified to ISO 9001
- 2000 - Quality System certified to QS 9000
- 2003 - Sales cross Rs. 2 Billion
- 2005 - Quality System certified to TS16949
- 2005 - Sales cross Rs. 3.5 Billion
- 2005 - Foundation Stone laid for 'Kalyani Nagar' colony of Employees
- 2006 - Environment Management System Certified to IS14001
- 2006 - Silver Jubilee year - Sales Cross Rs. 4.5 Billion
Defining Moments
Reference to BIFR in 1989
The company brought in Rockwell's state-of-the-art manufactureing technology to India way ahead of its time expecting it would be able to penetrate a market segment in which CV manufacturers were making their own axles. Due to unforeseen delays caused due to various factors, it took us several years to achieve this objective. We had therefore to be content with the business of contract manufacturing in which we could barely recover variable costs resulting in the accumulation of significant losses with interest and depreciation burden contributing to the erosion of over 50% of the company's net worth which led to its reference to BIFR.
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