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Lakshmi Electrical Control Systems Ltd. Company History and Annual Growth Details

1981 - The Company was incorporated on 3rd December. It has been
promoted by Dr G K Devarajulu and D Jayavarthanavelu along with
Lakshmi Machine Works Ltd. It manufactures and deals in
electrical control systems, contractors, thermal overload relays,

- The company entered into a technical collaboration agreement with
Sprecher & Schuh AG Aarau, Switzerland, for the supply of
technical information for the manufacture and assembly of
electrical contractors. The agreement also provides for sub
licencing of the technical know-how to another Indian party on
terms to be mutually agreed upon subject to the approval of the
Government of India.

1984 - 350 No. of equity shares subscribed for by the signatories to the
Memorandum and Articles of Association. 20,000 - 13 1/2% Pref.
shares and 4,79,650 No. of equity shares were reserved and
allotted to promoters, etc. 7,20,000 No. of equity shares were
offered at par for public subscription during January 1984.

1992 - 12,00,000 Rights shares issued in Apr.-May, 1992 (prop. 1:1;
Prem. Rs 40). Another 60,000 shares issued at a prem. of Rs 40
per share (only 58,000 shares taken up).

1996 - The Company entered into an alliance with Allen Bradley India
Ltd., part of Rockwell automation for the supply of contactors,
overload relays and control relays.

2002-Nethra Kumar appointed as Wholetime Director of Lakshmi Electrical Control.
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