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GMM Pfaudler Ltd. Company History and Annual Growth Details

The company was incorporated on 17th November, 1962, as a private company and converted into a public company on 9th September 1963. The company is a manufacturer of and dealer in various types of structural steel works, industrial machinery and glass lined chemical vessels.

During 1982-83, the company entered into a technical collaboration agreement with M/s.De Dietrich & Cie, France for glasslined equipment.
It entered into a technical cum financial agreement with Pfaudler Companies Inc. USA.

Electrical Instruments Manufacturing Company Limited was amalgamated with the Company with effect from 1st January, 1979.

The company has entered into an investment and technical collaboration agreement with Pfaudler-Balfour companies Inc, USA, which owns 40% of the total issued share capital of the
company. Pfaudler has provided the company with technology for the manufacture of glass lined steel reactors.

2006

-GMM Pfaudler Ltd has appointed Darius Shroff as Additional Director.

-Company has splits its Face value of Shares from Rs 10 to Rs 2

2007

-GMM Pfaudler Ltd has been incorporated in Switzerland in the name of "GMM Mavag AG."

2009

-GMM Pfaudler Ltd has acquired 2,86,000 equity shares in Nile Ltd.

2012

-GMM Pfaudler Ltd has recommended Final Dividend @ Rs. 0.70 per share

2013
-GMM Pfaudler Ltd has recommended Final Dividend @ Re. 0.70 per share
-Mr. Michael C Reed has been appointed as Director of the Company with effect from April 24, 2013.

2014
-GMM Pfaudler Ltd has considered and approved Final Dividend @ Rs. 0.90 per share
-GMM Pfaudler Ltd has appointed Dr. Amrita Patel as an additional Independent Director with effect from December 11, 2014.

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