|The company, promoted by Kulkarni Engineering Associates Pvt. Ltd. of Sangli, is engaged in the Manufacture of power tools in collaboration with B & D Corporation of United States.
The company has introduced a number of double insulated tools of state-of-the-art designs, which are comparable to similar products available in advanced markets of Japan, Europe and the United States.
The company commands a 35 per cent share in the double insulated power tool sector.
In Febuary 1993, the company's promoters Black & Decker decided to disinvest their stake in the company. Consequently, the Black & Decker Corporation has transferred their holding in the company.
- The Company has splits its face value from Rs10/- to Rs5/-.