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JBM Auto Ltd. Company History and Annual Growth Details

1990 - JBM Auto Ltd was incorporated to manufacture Tools, Dies and Moulds at Faridabad.

1993 - The company had started a press shop for manufacturing of sheet metal components and Welded Sub-assemblies to meet the growing stringent quality requirements of automobile industry.

1994 -The company went for its first public issue in March, 1994.

2003 - The company decided to go for expansion by putting up a green field project at Greater Noida and expansion of its existing facilities at Faridabad by adding sophisticated machinery and equipments, which brings in latest technologies.

2006 - Company again decided to go for expansion by putting up a new manufacturing unit at Nashik.

2007 - Board of directors of the company on 28th July 2007 had recommended the issue of Bonus Shares in the ratio of 2:1.

- Board of directors of the company had revised the bonus issue ratio from 2:1 to 1:2.

- JBM Auto had changed its registered office with effect from 1st August 2007, from Lado Sarai, opposite to Qutab Minar, New Delhi to Nehru Place, New Delhi.

-Company had fixed 25th October 2007, as record date for issue of bonus shares in the ratio of 1:2.

2008 - The company had entered into a 50:50 Joint Venture with Magnetto Automotive S.P.A. (ITALY) for manufacture of skin panels, body and under body, welded parts and sub systems for four wheeler OEMs in Pune region.

- Further company had entered into a Joint Venture Agreement with Sandhar Technologies Limited with 50:50 stake to form a consortium for operating and maintaining the tool room and technical service centre of Pithampur Auto Clusters Limited (PACL).
Oct 25, 12:00 am
Oct 25, 4:14 pm
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