|Krishna Electrical Industries was formed in 1968 with Shri. B L Gupta, Shri. D.N Gupta and Shri. S.S Agarwal as the partners. In 1972 due to death of Shri. B.L Gupta, Shri. D.N Gupta and Shri. S.S Agarwal were the two partners. In 1980 Shri. Anil Gupta, Shri. Sunil Gupta, Shri. Sanjay Agarwal and Shri Sandeep Agarwal were inducted as partners. From 1.11.1985 Shri. S.S Agarwal, Shri. Sanjay Agarwal and Shri. Sandeep Agarwal retired from the firm, and the firm continued with three partners namely Shri. D.N Gupta, Shri. Anil Gupta and Shri. Sunil Gupta. From 1.4 1992 Shri B.K Gupta. Smt. Sumitra Devi Gupta and Smt. Archana Gupta and Smt. Varsha Gupta were inducted as partners in the Firm.
Subsequently. the firm was recognised as a Joint Stock company within the meaning of Section 566 of the Companies Act, 1956 vide Memorandum and Articles of Association entered on 28th day of September, 1992 between the partners and was registered as a public limited company under the provisions of Part IX of the Companies Act, 1956 with effect
from December 31,1992 under the name KEI Industries Ltd. The business and all assets and liabilities of the aforesaid Krishna Electrical Industries were vested in the company on 31-12-1992. Sh. D.N. Gupta, Sh. Anil Gupta and Sh. Sunil Gupta were appointed as the first Directors of the company.
The Company has revalued its assets based on the report of M/s Goel Engineers, Architects and Valuers given on 30.4.1992 to the extent of Rs. 90,00,000. Another revaluation of assets was made based on the report of M/s Tata Economic Consultancy Services given in May, 1993 to the extent of Rs. 136,06,763.00.
-KEI Industries Ltd has informed that the equity shares of the Company have been de-listed from Delhi Stock Exchange Association Ltd (DSE) w.e.f. March 27, 2008.