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ABC Bearings Ltd. Company History and Annual Growth Details

The Company was incorporated on 30th May, 1961 at Bombay.

It manufactures ball thrust, roller and taper roller bearings.

There was a labour problem at the Lonavala Plant culminating into ìa lockout for about two months. The factory resumed operations by the end of December, 1983.

Operations at the Bharuch factory also suffered due to communal disturbances and the consequent heavy absenteeism.

In spite of these adverse factors, the company was able to maintain its production at the previous year's level.

In 1989-90, orders were placed for both imported and indigenous plant and machinery.

The Company entered into a technical collaboration agreement with Steyl Dainter Punch A.G., Austria.

Mipco Seiko Bearings Ltd., is a wholly owned subsidiary of the Company.

2005

-The Company has recommended dividend @ 30% to the shareholders of the Company.

-SAP system installed. On Line ERP connectivity of all offices, go downs and plant.

2006

-The Company has recommended dividend @ 40% to the shareholders of the Company.

-ISO/TS 16949 accreditation from TUV.

2007

-ABC Bearings Ltd has signed an agreement with NSK Ltd, Japan, on March 06, 2007, to form a Joint Venture Company to manufacture bearings for the automotive industry, targeting mainly Japanese and other transplant customers.

-Pro-Engineer, Advance Mechanics, design software’s installed.

-The Company has recommended Dividend @ 40% i.e. Rs 4/- per Equity Shares of Rs 10/-. each.

2008

-Begin Exports to Toyota Philippines, Carraro Italy and Dana Italy.

-NSK - ABC Bearings India Limited starts operations in Chennai.

-Inventor 2009, design soft-ware installed.

-Long Association Award received from Tata Motors.

-The Company has recommended dividend @ 40% to the shareholders of the Company.

2009

-Designed Unitized Hub Bearings for Y1 program.

2010

-The Company has recommended dividend @45% i.e. Rs 4.50/- per equity share of Rs 10/- each to the shareholders of the Company.

2011

-The Company has recommended dividend @ 60% to the shareholders of the Company.

2012

-The Company has recommended dividend @ 50% to the shareholders of the Company.

2013

-Board has recommended dividend @ 25% i.e. Rs. 2.50/- per Equity Share of Rs. 10/- each.

-Nalin M. Shah has been appointed as a Director of the company.

2014

-Board has recommended dividend @ 20% i.e. Rs.2/- per Equity Share of Rs. 10/- each.

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