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3M India Ltd. Company History and Annual Growth Details


- The Company was originally incorporated as a private limited under
the name and style of Nav Electromed Pvt. Ltd. on 4th June. The name
was later changed to Birla 3M Pvt. Ltd. in February, 1988.
Subsequently the company was converted into a public limited company on
27th April 1989.

- The Company was formed as a joint venture between Minnesota Mining
and manufacturing Company (3M) of USA and Scinitar investment and
Trading Co. Pvt. Ltd.

- The Company is manufacturing telecommunication connectors and gearing
itself to manufacture speciality pressure sensitive coated tapes for
medical/surgical and packaging applications and speciality chemicals
and Keonics-Electronics City near Bangalore.


- The Company entered into a technical agreement with 3M on 17th March
for transfer and imparting of the technical data by 3M.


- 70 No. of equity shares subscribed for by signatories to Memorandum
of Association. 70,00,000 No. of equity shares of Rs 10 each were then
issued at par of which the following were reserved for allotment:

- (i) 32,00,000 shares to foreign collaboration Minnesota to Mining &
Mfg. to USA;

- (ii) 19,20,000 shares to Scimitar Investment and Trading Co. Pvt.

- (iii) 12,79,930 shares to Shares on Investment & Trading Co. Pvt.
Ltd. Of the remaining, 3,50,000 shares reserved for allotment on
preferential basis to employees of promoters companies (only 1,45,900
shares taken up). Balance 2,50,000 shares along with 2,04,100 shares
not taken up by employees were issued to the public in February 1991.
Additional 22,00,000 shares allotted to retain oversubscription
(9,60,000 shares to promoters and 12,40,000 shares to public).


- 20,65,000 No. of equity shares allotted to Minnesota Mining & Mfg.
Co. (3M) on preferential allottment basis.

- During the current year the Company will be introducing a number of
high quality, indigenised Industrial and Commercial tapes, the range of
3M stethoscopes and overhead projectors for the business and education

- The Company is creating a technical cell to modify/adapt certain 3M
products to suit the local market.


- The company has created a technical cell to modify/adapt certain 3M
products to suit the local market.


- New products offerings in the Office Markets, Telecom, Healthcare
products and consumer markets were made. The Company entered into
construction markets and proposed to expand its manufacturing
activities in growth identified areas.

- The Company has developed new products using Adhesive, Aerosol,
Chemical and Abrasive Technology absorbed from 3M Company. The
Company's technical lab has been modifying and adapting certain 3M
products to suit the local market requirements.


- New products introduced during the year include privacy filters,
secotchlite and LCD panels.

- During the current year, new product offerings in the Office Markets,
Telecom, Healthcare Products & Consumer Markets were made. The Company
has entered Construction Markets and is expecting to explore the
possibilities of introducing additional new products during 1996-97 in
other areas.

- The Company has introduced Optical Fibre in the Market using
Technology absorbed from 3M Company. The Company's technical lab has
been modifying and adapting certain 3M products to suit the Local
market requirements.


- The company has already acquired 25 acre land near Pune for setting
up a factory.

- Birla-3M, the Indian joint venture between the $14-billion 3M Corp
and the Yash Birla group, has launched its Scotchgard brand for the
Bangalore silk market.

- Birla 3M, the joint venture company promoted by the Yashovardhan
Birla group and the Minnesota-based 3M, has registered a 30 per cent
growth in sales turnover in the first five months of the current
financial year.


- Birla 3M now has a single unit in Bangalore and proposes to set up
another plant in Pune.

- Birla 3M has introduced only a small percentage of 3M's product

- Birla 3M has entered into a strategic alliance with Hewlett Packard,
which would market the former Thermal Ink Jet (TIJ) imaging media along
with HP DesignJet CP printers.

- Birla 3M has launched its 3M sun control film (window film), 3M
Scotchtint which meets the parameters specified in the central motor
vehicle rule 1989.

- The company was originally set up as a 40:40 joint venture between
Yashovardhan's father Ashok Birla and 3M, and public held the rest.

- Birla 3M, a 76 per cent subsidiary of 3M, Us, drawing strength from
its parent in a limited measure, also has a wide product portfolio.

- Birla 3M is setting up a 3M-Innovation Centre at the Electronics City
of Bangalore.

- Birla 3M has launched the Photodyne brand 800XGT, its fibre
identifier, designed to locate any particular fibre the line or
non-obtrusively identify live fibres to determine the amount of traffic

- The company entered into a five year contract with FedEx. It has also
signed interline agreements with Asiana Air and Alitalia Airlines.


- Birla 3M was floated as a joint venture between the Birla Group and
3M corporation, with the latter holding 51 per cent and the Birlas 32.5
per cent.

- The Company has set up a fund and taken a policy with Life Insurance
Corporation of India to meet its gratuity liability.


- Arvind Mills Ltd has signed an exclusive agreement with Birla 3M Ltd
to promote stain-resistant finishes for cotton fabrics.

- The company has also entered into providing a wide range of consumer
healthcare products which have recorded promising growth in the recent

- ICRA has assigned an A1+ rating indicating highest safety to the Rs.
30.25-crore (enhanced from Rs. 15.25 crores) short-term debt programme
of Birla 3M Ltd.

- Birla 3M is the subsidiary of Minnesota Mining & Manufacturing
Company (3M) of the US.

- The Company has introduced a new concept in etching with a range of
special effect films.

- Birla 3M, the Rs 150-crore diversified company, is mulling over its
option to set up a manufacturing plant for its home care division in


-Birla 3M launches a new improved version of its scrub pad, Scotch Brite.


-Birla US based 3M launched its latest car services which offers customers with
total solution and protection of their cars.


-Birla 3m Ltd. has informed that at the AGM held on April 22, 2004, the members of the Company have approved the De-listing of shares from Ahmedabad, Bangalore, Calcutta and Delhi Stock Exchanges.

Oct 21, 12:00 am
Oct 21, 4:14 pm
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