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Banco Products (India) Ltd. Company History and Annual Growth Details

The company was incorporated on 16th day of March, 1961, at Baroda.

A project for the manufacture of industrial radiators, heat exchangers, etc, and gasket at village Ankhi in the Bharuch district of Gujarat, was financed through private placement of secured non-convertible debentures with UTI for a total value of Rs. 80 lakhs for commercial production commenced during the year 1987-88.

The company has set up a full fledged R&D centre. Some of the major contributions of this wing were developed of a special radiator for diesel locomotives for the Indian railway. Introduction of the rubberised coris in gaskets and development of an serial coller for gas pipeline pumping project.


-The Company has issued Bonus Shares in the Ratio of 1:1.


- Banco Products India Ltd has appointed Shri. Pankaj M Kadakia as Additional Director and Shri. Shailesh A Thakker as Additional Director (designated as Executive Director and CFO).

- The Company has splits its face value from Rs10/- to Rs2/-.


- Banco Products (India) Ltd has appointed Shri. S. K. Duggal as Director w.e.f. September 23, 2009.

- Banco Products (India) Ltd has informed that Shri. Manubhai G. Patel has been appointed as Director of the Company w.e.f. November 07, 2009.