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Emco Ltd. Company History and Annual Growth Details

1965 - The Company was incorporated on 15th May at Mumbai. The main
object of the Company is to manufacture various types of high
tension transformers.

1967 - 12,167 shares issued to Emco Electrical (P) Ltd., without payment
in cash 5,959 shares issued to collaborators against supply of
plant and machinery. 12,000 shares issued to the public in

1973 - 10 No. of Equity shares forfeited for non-payment of calls.

1976 - 1 forfeited share reissued. 14,880 Bonus shares issued in prop.
of 1:2 in November 1977.

1979 - With effect from 1st July, Emco Esta Capacitors Ltd.(EECL) was
amalgamated with the Company. As per the Scheme of Amalgamation,
the Company allotted one equity share of Rs.100 each for every
two shares of EECL. Likewise, one 11% cumulative redeemable
preference share of the Company was to be allotted for every one
preference share of EECL.

1980 - 4,495-11% pref. and 3,873 No. of Equity shares allotted without
payment in cash to members of Emco Esta Capacitors, Ltd. on its
merger. Rs.33.33 from each pref. share redeemed on 13th May

1982 - The balance from each pref. share redeemed in two instalments in
September and December.

1983 - There was labour unrest from March to June which compelled the
Company to declare a lockout from 1st July. The lock-out in the
transformer division was lifted from 26th July, and there was
hardly any production till the end of September 1984.

1985 - Sales declined marginally to Rs.2.30 crores and the Company's
operations resulted in a loss.

- The Company revalued its fixed assets and the surplus of
Rs.178.07 lakhs arising out of this was credited to revaluation

1986 - The Company entered into a technical collaboration agreement
with General Electric Co., U.S.A. for manufacture of voltage

- Also, Government approval was received for extension of the
technical collaboration agreement for various types of
transformers, for a further period of 5 years.

- Palanpur Engineering and Fabrications Pvt. Ltd. was promoted as
subsidiary of the Company.

1987 - The Company proposed to upgrade their technology under the
scheme announced by the Government of India.

1990 - All steps were taken to implement the modernisation and
technology upgradation programme.

1991 - Equity shares sub-divided. Authorised capital increased.

1992 - The Company implemented and commissioned the modernisation and
technology upgradation project.

- The Companies collaborators are BBC-Sacheron SA, Switzerland,
Ferranti, Ltd., U.K. and Ero Starkstorm, Kondensatoren GmbH, West

1993 - The Company made an issue of 3,52,941 shares of Rs.10 each at a
premium of Rs.75 per share aggregating to Rs.300 lacs. Out of
this, 3,39,654 Right Equity shares issued (prem. Rs.75 per share,
prop. 7:10). Another 4,250 No. of equity shares allotted to
employees (prem. Rs.75 per share).

1995 - The Company entered into a technical and Financial collaboration
with ABB for 30 years.

- During March/April, the company offered 10,59,124-10% secured
redeemable partly convertible debentures of Rs 355 each on right
basis to the existing shareholders in the ratio of IPCD: 1 equity
share. All were taken up.

- Part 'A' of Rs 230 was to be automatically converted into 2
equity share at a premium of Rs 105 per share on allotment. Part
'B' of Rs 125 was to be redeemed at the end of 5th year from the
date of allotment.

- 21,18,248 shares issued on conversion of part 'A' of PCD.

1996 - The Company commissioned its largest transformer of 200 MVA/220
KV for MSEB.

- The Company is one of the market leaders in 132 kV voltage
segment. The Company is also a leader in the Special Transformer
business Furnace Transformers (for steel industry) Rectifier
Transformers (for chemical industry) etc.

- During the year the Company was awarded the ISO 9001 Accredation
from BVQI - an internationally reputed agency at the first

- The Company is the first in INDIA to successfully carryout
Dynamic short-circuit test on a 220 KV class transformer.

1998 - The name of the company has been changed from Emco Transformers
Ltd., to Emco Ltd.

2002-Emco Ltd has informed that Mr Mangharam Pritamdas Devnani has been appointed as Additional Director.


-Emco enters into MoU with TAMCO


-Emco Limited has appointed Mr. William Fernandes as a Company Secretary w.e.f. 9th April 2007 and also appointed as a Compliance Officer in place of Mr. Ganesh Tawari.


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


- Emco Ltd has appointed Mr. Anil Kumar Sardana as Independent Director on the Board of the Company.
Oct 21, 12:00 am
Oct 21, 4:14 pm
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