|1937 - The Company was incorporated on 28th April, as a private limited company under the name, The Cromption Parkinson (Works) Ltd. The main objects of the Company is manufacture, distribution and sales, installation and servicing of electrical and allied
equipment such as industrial motors, fractional horse power motors, control gear, power and distribution transformers, alternators, switchgear, tap changers, etc.
- The Company also undertakes the manufacture of railway equipments as well as electronic equipment and micro processor based systems in relation to communication, measurement, testing, automation and control, computers and also Research & Development and consultancy assignments in the areas of science and technology.
- The Company has also undertaken manufacture and marketing of industrial electronics, consumer electronics, household appliances and railway signalling equipment.
- Greaves Cotton & Cromption Parkinson Ltd., Mumbai a company incorporated on 7th June, as a private company with the main objects of distribution and sale, installation and servicing of
electrical and allied equipment
1947 - It was a wholly owned subsidiary of Crompton Parkinson Ltd., England during the year.
1966 - Greaves Cotton & Cromption Parkinson Ltd., Mumbai was amalgamated with the Company from 1st January, by an order of the Mumbai High Court dated 18th July.
- After the amalgamation of GCCP, the Company's name was changed on 2nd August from Cromption Parkinson (Works) Ltd., to Cromption Greaves Ltd.
1975 - The company had only one other technical collaboration agreement with Hitachi Ltd., Japan for the manufacture of moulded case circuit breakers, which was since expired.
1978 - It entered into various technical collaboration agreements with several renowned manufacturers from U.S.A., U.K., Europe and Japan.
- It entered into technical collaboration agreement with Westinghouse Electric Corporation, U.S.A., for the manufacture of 400 KV transformers, aluminium wound transformers and high voltage vacuum interrupters, with Brush Electricals Ltd., U.K., for alternators, with Hawker Siddeley Power Transformers of U.K., for medium range on-load tap changers, with Emile Haefely, Switzerland, for current and potential transformers and condensor bushings, with Hundt & Weber, West Germany, for air circuit breakers, with Westinghouse Brake & Signals, U.K., for signalling relays and mosaic panels with Siemens AG, for push button electronic telephone instruments, with Hitachi Ltd., Japan, for motors and contractors and relays with Mitsubishi Electric Corporation, Japan, for SF6 gas circuit breakers with NEI Reyrolle, France, for auto recloser, with Power Conversion Inc., U.S.A., for lithium batteries and with Sekar Enterprises, U.S.A., for polymer concrete insulation.
- Pavana Investment Pvt. Ltd., incorporated on 26th April, with an equity share capital of Rs 50 lakhs became a wholly owned subsidiary of the Company.
- Hind Condensor Pvt. Ltd., is a wholly owned subsidiary of Pavana Investment Pvt. Ltd. Both Pavana Investment Pvt. Ltd., and Hind Condensor Pvt. Ltd., became deemed public companies.
- 2,40,000 bonus shares issued in the prop. 1:3.
1981 - Kerala Electric Lamp Works Ltd. (formerly Toshiba Anand Lamps Ltd.,) became a subsidiary of the Company.
1986 - The Company jointly with the Punjab state Industrial Development Corporation Ltd., promoted another company under the name Punjab Power Generation Machines Ltd., for the manufacture of hydro turbines upto 20 MW in Punjab.
- The Company promoted jointly with Economic Development Corporation of Goa, Daman & Diu Ltd., another company under the name of Goa Electricals and Fans Ltd., for the manufacture of ceiling fans in Goa.
1987 - An up-to-date plant for the manufacture of vacuum interrupters was commissioned at Aurangabad.
- An up-to-date plant for the manufacture of industrial electronic items and a project for the manufacture of signalling systems commissioned at Nasik and an instrument relays project were commissioned at Pithampur.
- The diversification projects under implementation were fluid purifiers at Aurangabad, rural automatic exchange and line transmission equipment at Bangalore, transformers and reactors
at Malanpur near Gwalior, and a software development centre at Mumbai and Bangalore.
- The Company developed and introduced 33 KV SF6 breakers, local transformers and hydro generators.
- A new R&D laboratory in the field of illumination was added to the existing laboratories in the areas of power electronics, telecommunication and manufacturing engineering.
- Goa Telematics Ltd., another company promoted jointly with economic Development Corporation of Goa was set up in Goa for the manufacture of moderns, data communication terminals, etc.
- A new company under the name of CG-PPI Adhesive Products Ltd., jointly promoted with Pl Adhesive Products Ltd., Ireland was set up in Goa for the manufacture of adhesive tapes for electrical and electronics application.
1988 - The Company developed and introduced supervisory control and data acquisition and programmable logical controllers.
- The Company commissioned under joint venture, plants for the manufacture of telematics at Goa and television receivers at Pithampur.
1989 - The R&D wing progressed in developing and introducing new products such as magnetic amplifier transistorised AC drive, production line impulse tests, electronic chopper for fork lift truck and energy efficient ceiling fans.
- 9,60,000 bonus shares issued in the prop. 1:1.
1990 - The rural telecommunication unit at Bangalore, the transformers unit at Malanpur and M.P. and vacuum fluid purifier plant at Aurangabad were commissioned.
- Fresh Collaboration agreements were entered into with Kato Electric Manufacturing Co., Ltd., Japan, for fluid purifiers, with Westinghouse Brake & Signals Holdings Ltd., U.K., for point
machines and with Hitachi Ltd., Japan for lighting arresters.
- New products developed and introduced by the R&D wing were new telephones such as feature phones, slim-line uniterruptible power supply of computers, automatic test systems for motors, MODCMS and data communication terminal 12 KV SF6 capacitor switch and MCCR with Type C Co-ordination.
- The adhesive tapes project at Goa and the turbine project at Punjab were implemented. A joint venture company under the name of CG-Teltec Ltd., with foreign equity participation was promoted by CG and Teltec of Denmark for the manufacture of radio communication equipment at Bangalore.
- Another joint venture company was promoted under the name of CG-Newage Electrical Ltd., with foreign equity participation from Newage International Ltd., U.K., for the manufacture of electric motors, generators and control systems thereof at Ahmednagar for the manufacture of motors and alternators was commissioned in May 1992.
- Kerala Electric Lamp Works Ltd. (KELW) was amalgamated with the company with the effect from 1st April. In terms of the Scheme of Amalgamation, the shareholders of KELW were to be issued 264 No. of equity shares of Rs 100 each of the Company in the proportion of one share of the Company for every 50 fully paid-up equity shares of Rs 10 each of KELW.
1991 - The R&D wing progressed in developing new products such as automatic test systems for motors and transformers, impulse test systems, high performance polyurethane paint, ESMAP-2P, software for FEA of electrical products and computer graphic cards, such as CHROMA and an extended range of transistorised microprocessor based AC drives.
- During February/March, the Company offered 6,40,000-12.5% secured fully convertible debentures of Rs 475 each on Rights basis in the proportion 1 debentures: 3 equity shares held (all were taken up). Simultaneously another 32,000-12.5% debentures were offered to the employees' on an equitable basis (all were taken up).
- Each debenture was compulsorily and automatically converted into 1 equity share of Rs 100 each at a premium of Rs 375 per share on 1st August, 1992. Accordingly, 6,72,000 No. of equity shares were allotted. 13,11,216 Rights equity shares (prem. Rs 700; prop. 1:2) allotted on 19.3.1993.
- 264 No. of Equity shares allotted pursuant to a Scheme of Amalgamation.
1992 - A joint venture project for manufacture of electric meters at Gurgaon and Company's plant for manufacture of lithium batteries at Goa were commissioned.
- The R&D unit developed new products like DC/AC current sensor and mixed dielectric insulation system for 220 KV coupling capacitors.
1993 - A joint venture projects for manufacture micro motors at EPZ, Chennai and another for manufacture of solid state energy meters at Gurgaon, Haryana were commissioned. The joint venture unit for electronic battery chargers, a 100% export oriented unit at Chennai, was launched.
- The R&D unit introduced new products like AC drives, static convertors, brushless DC motors, SF6 capacitor switch, inverters for railway applications, impregnating resins, furnace control
systems, auto synchronising units, GPIB controller/GPIB instruments, industrial control display and monitoring software design automation and automatic test systems.
- During January/February the Company offered 12,96,132 No. of equity shares of Rs 100 each at a premium of Rs 700 per share on Rights basis in the proportion 1:2 (all were taken up).
- Another 64,807 No. of equity shares of Rs 100 each were offered to the employees' at a premium of Rs 700 per share on an equitable basis (only 15,084 shares taken up). Unsubscribed portion of 49,273 shares was allowed to lapse.
- The Company proposed to issue equity shares/convertible bonds/dispository receipts upto the value of US $35 million or Rupee equivalent thereof through International offering and/or
private placement with Foreign Financial Institutions.
1994 - A joint venture project for manufacture of medium voltage ring main units at Nasik was commissioned. The Stampings factory at Mumbai launched the non silicon range of electrical steel stampings.
- The Company submitted its bid to DOT for provision of cellular services in seven circles in association with Millicons of Luxembarg.
- A Company CG Communication Pvt. Ltd., was promoted to provide cellular mobile telephone services in the telecom services in India.
- The Company undertook to invest 60% in CG Graphnet Pvt. Ltd., a Company formed for selling up a network for offering a diverse range of data and message handling services like E-Mail, Enhanced fax and other value added services.
- It was also proposed to invest upto 40.5% in the share capital of Skycell Communications Pvt. Ltd., a company formed for providing cellular communication services.
- The Company has established a well equipped electricals (LV) and an electronics laboratory at its Kanjur Complex, an engineering laboratory and an EHV laboratory at Ambad, Nasik and an illumination engineering laboratory at Worli.
- The Central R&D Laboratory set up at Kanjur is also recognised by the Department of Science & Technology of the Government of India.
- New products such as electronic speed governor for hydel and steam turbines, Co-generation packages for the sugar industry for own use and to feed any surplus power into the grid, solid state inter locking for railway yards, block multiplexes for date communication for railway signalling, upgradation of soft stenters and transformer technology absorption of AVS controller
from Powertec, USA, microprocessor based trip relay controllers for air circuit breakers and micro processor based test measuring instruments were developed and introduced.
- 52,50,000 of Rs 10 each at a premium of Rs 200 per share allotted on private placement basis to FIIs.
1995 - A modern transformer factory with the latest manufacturing equipment was set up at Bhopal with a present installed capacity of 5000 MVA per annum and capable of undertaking manufacture of 8000 KV or HDVC transformers in future.
- The transformer division also developed a 290 MVA, 220 KV class, 3 phase generator transformer, the largest 3 phase 220 KV class generator transformer in India.
- Hind Condensor Ltd., Goa Telematics Ltd. (GTL) and Northern Digital Exchanges Ltd. (NODE) were amalgamated with the Company.
- The Company issued and allotted 11,06,440 shares and 2,893 shares to the shareholders of erstwhile NODE and GTL respectively.
1996 - The Company was restructured in four main business group viz. Power system, Industrial system, consumer products and Digital toensure enhanced focus and effectiveness.
- Indocom Industries Ltd., a 100% subsidiary of the company and Lumino Lamps Ltd. were amalgamated with the Company. Consequent to the amalgation 31,366 shares were issued to the shareholders of erstwhile Lumino Lamps Ltd.
- The Company accessed the international capital market with an issue of US $50 million which was fully subscribed at Rs 265 per GDR. To this issue, 66,13,750 GDRs and an equal number of underlying equity shares of Rs 10 each were allotted.
1997 - 2,49,343-14% secured non-convertible debentures Rs 100 each issued on private placement basis are redeemable at a premium of 5% on 15th July.
- The 10,00,000-19% secured redeemable non-convertible debenture of Rs 100 each redeemable at 5% in 3 equity instalments starting from the end of 6th year from the May 1992 the date of allotment.
- The Kersons Manufacturing Company of India Ltd. (Kersons) and Goa Electricals and Fans Ltd. (GEFL) were amalgamated with the Company. Consequent to the amalgamation the company issued 1,11,030 and 4,792 shares to the shareholders of erstwhile GEFL and Kersons respectively.
- Crompton Greaves, a Thapar group company, has formed a joint venture with ELIN Energieversorgung (ELIN) of Austria to manufacture gas and steam turbine driven generators, up to 45 MVA capacity, and hydel generators.
- Crompton Greaves Ltd., one of India's largest private sector enterprises in electrical engineering, has opened its Energy Conservation Cell at Chennai, New Delhi, Mumbai and Calcutta to help customers take on the soaring fuel prices.
- The 50:50 joint venture between Thapar group company Crompton Greaves and Elin, Cg Elin power systems, would come up in Mandideep near Bhopal.
- Crompton Greaves Power Systems group, one of the four divisions of Crompton Greaves Ltd (CGL), has signed an MoU with Allied Signal Amorphous Metals to develop amorphous metal transformers for the Indian and export markets.
- N E C Corporation has formation of a joint venture with India's Crompton Greaves Ltd, in Bangalore to manufacture microwave telecom systems, turning out such gadgets as very small aperture terminals and synchronous digital hierarchy microwave systems.
- Crompton will provide the technical knowhow and management support to the joint venture for which it will be paid fee and royalty on sales.
- Goa Electricals and Fans Ltd. (GEFL), a joint sector company promoted by the Economic Development Corporation of Goa (EDC) and Crompton Greaves Ltd. (CGL), is to be amalgamated with CGL under the provisions of the Sick Industrial Companies (Special
Provision) Act, 1985.
- Crompton Greeves-Powerware, the 49:51 joint venture between Crompton Greaves (CG) and the US-based Exide Electronics for the manufacture of UPS systems, will unveil its range of large UPS systems, in the 40-150 KVA range, in October.
- Crompton Greaves is joining hands with the $40 billion NEC of Japan to set up a joint venture for the manufacture of microwave radio equipment.
- The US$ 800 million Austrian company Elin is in talks with Crompton Greaves to set up new joint venture company in the power transmission and distribution sector.
1998 - CGL has recently forged an alliance with Link Middle East Ltd. (LMEL) to form a 40:60 joint venture company, initially for the manufacture of medium voltage vacuum switchgear at Dubai.
- Crompton Greaves in collaboration with Allied Electrical of the US will soon commence commercial production of newly developed transformer of higher rating.
- CGPL became a wholly-owned subsidiary of CGL after the transfer of 110,000 equity shares held by Tamil Nadu Industrial Development Corporation to CGL in May.
- Investment Information & Credit Rating Agency (ICRA) has assigned an A1 rating to the Rs.150-crore short-term debt programme of Crompton Greaves Ltd (CGL). The rating indicates highest safety.
1999 - PPGML, a company promoted by CGL and PSDIC in 1985 in technical collaboration with Germany based Voest Alpine and Kossler, has facilities for manufacture of hydro-turbines upto 120 MW at Channo, Punjab.
- Crompton Greaves Ltd. that they have signed an MoU with Israel based Tadiran Telecommunications Ltd., for marketing and servicing Tadiran's Coral range of telecommunication product in the Indian subcontinent.
- Crompton Greaves Ltd. (CGL) has entered into a technical collaboration with Allied Signal Inc. for manufacturing Amorphous Metal Transformers (AMT).
- The company has also signed a four-year wage settlement with its employees at Nahsik and Satpur.
2000 - The Company has entered into an agreement with BhartiTeleventures Ltd., for the sale of its 40.5% shareholding in Skycell Communications Ltd. for a sum of approx. Rs 95 crores based on the enterprise value.
- Gautam Thapar Managing director of Ballarpur Industries has joined Karan Thapar as Director in Crompton Greaves.
- The informatics division of Crompton Greaves has tied up with Remedy Corporation for consultation, implementation and training of eCRM and eBusiness infrastructure solutions in India.
- The Company has signed an agreement with French company Schneider Electric for selling its low tension control gear business located in Nasik in Maharashtra.
- The Company has entered into an agreement for sale of its LowTension Control Gear division located at Satpur, Nashik to Schneider Electric India Ltd for approximately Rs 76 crore.
- The Company has hived off its joint venture subsidiary, Skycell Communication Ltd., for a total sale consideration of Rs 124crore.
- The Company has introduced two new fan models called Gothica and Exotica.
2001 - The Company which launched indiawomenpower.com, a women specific portal, launched a portal on tenders called tenderpower.com.
- CG-Digital, a business unit of Crompton Greaves, has launched a new range of digital and KTS/EPABX systems to suit varying needs of communication.
- The Company currently holds 30,99,993 No. of equity shares of Rs 10 each in the share capital of CG Igarashi Motors Ltd. and 1,91,978 No.of equity shares of Rs 100 each of the share capital of CTR Manufacturing Industries Ltd.
- The Company has proposed to transfer its shareholdings in CG Igarashi Motors and
CTR Manufacturing Industries to its 100 per cent subsidiary, CG Capital & Investments.
2001 - IN a bid to reduce its manufacturing costs, LM Thapar Group company Crompton Greaves
has begun importing electrical components from Chinese manufacturers for its consumer
-Crompton Greaves Ltd has informed that Mr S D Crowther has relinquished his Directorship from the Board of Directors of the company wef February 01, 2002.
-Crompton Greaves Ltd has informed BSE that the Company has divested its shareholding of 38% in CG Newage Electrical Ltd to Cummins India Ltd at a price of Rs 220.50 per share.
- Appointment of Mr S Labroo as an Additional Director.
-Solaris Chemtech Ltd has increased its holding in this company to 12.65 per cent after it acquired 9,50,000 shares from Greaves Ltd.
-The company has got approval for capital restructuring-according to which Rs 1520 million be utilised for adjustment against the balances in the following accounts as at March 31, 2003 and accretions/variations thereto during the period April 1, 2003 to July 31, 2003
1. Miscellaneous Expenditure (to the extent not written off or adjusted)
2. Deferred Tax Asset and
3. Debit Balance in the Profit and Loss Account.
- Delisting of shares from Madras Stock Exchange.
-Crompton Greaves Ltd has informed that the BoD at its meeting held today (July 22, 2004), the Board approved the following changes in the company's BoD: Appointment of Gautam Thapar as Chairman.Resignation of Mr KK Nohria as a Director.Both the above changes are effective from the conclusion of the AGM scheduled to be held on July 22, 2004
-Crompton Greaves - Hitachi CG Motor Engg becomes a subsidiary of the Company
-Crompton Greaves Board declares Interim Dividend
-Crompton Greaves keen on acquisitions in industrial systems
--Crompton picking up stake in Belgian firm
-Crompton Greaves picks up Hungarian firms
-Crompton Greaves to acquire stake in MCPPL
-Crompton Greaves to establish in MP
-Crompton Greaves has given the Bonus in the Ratio of 2:5
-Crompton Greaves forays into power distribution
-CG to take over electricity supply in Nagpur, the second capital of Maharashtra, from January 2008.
-Crompton Greaves takes over French firm
-Crompton Greaves joins hand with Dutch company
-Crompton Greaves to acquire MSE Power Systems and its group companies
- CG Wins "Best Product" Award & Certificate of Appreciation at Elecrama 2008 - 22/01/08
-Crompton Greaves Ltd has bagged the prestigious "GREENTECH GOLD AWARD 2007" in the Engineering Sector. This award is for Environmental Management systems for Green Products and Process Technologies developed at CG
-Acquisition of Sonomatra in France
-CGL becomes the 1st Indian Company to make 1200 kV Power Product (CVT). -- (21/01/09)
- Crompton Greaves gets the Golden Peacock Innovative Product / Service Award-2008 -- (21/01/09)
- Crompton Greaves Ltd has appointed Mr. Suresh Prabhu as an Additional Director of the Company with immediate effect.
- Crompton Greaves Ltd has entered into a Joint Venture Agreement with ZIV Aplicaciones y Tecnologia, S.L (ZIV)., headquartered in Spain, for establishing a Joint Venture Company in India, for the manufacture of Substation Automation Systems for Substations in EHV and UHV range, including protective relays, differential relays, bay control units, bus-bar systems, substation units, etc
-Crompton Greaves has given the Bonus in the Ratio of 3:4
- Company has been awarded a contract as franchisee of Maharashtra State Electricity Distribution Company Ltd. for power distribution in Jalgaon Circle in Maharashtra for a period of 10 Years.
- CG acquires New Jersey based QEI Inc.
- Crompton Greaves Ltd acquires Sweden based Emotron Group.
- Greaves sets up Light Engines Unit V at Aurangabad.
- Crompton Greaves Acquires leader in smart Grid Automation : ZIV Group".
- Crompton Greaves establishes new JIT manufacturing facility in Goa.
- Greaves crosses three million mark in light diesel engines.
-CG to acquire lighting division of Karma Industries
-CG signs an MOU with the Government of Gujarat
-Crompton Greaves to take over Karma Industries&CFL business.
-CG announces new smart grid facility in France.
-CG wins Frost & Sullivan Strategy, Innovation and Leadership Award
-CG receives order for wind project in Netherlands
-CG bags 4 mn euro order from CAMEG
- CG inks MoU with French company Arelis for supply of electronics components to Aerospace and Defence
- CG wins USD 26 million contract to reinforce Indonesia's grid
- CG Wins INR 115 Crore order from PGCIL, India's largest transmission utility
- CG wins Euro 17 million order from Spanish utility GNF
- CG announces the sale of CG-Lucy Joint Venture for Rs.402 million to British Company W Lucy & Co. Limited
-CG wins USD 35 million order from PT PLN (Persero) Indonesia
-CG Receipt of binding offer for acquisition of the CompanyÂs B2B Automation business".