Enter the first few characters of Company and click 'Go'

Salzer Electronics Ltd. Company History and Annual Growth Details

Salzer Electronics was incorporated on 8th January, 1985 in technical collaboration with M/s Saelzer Schaltgerate Fabrik, Germany by Core Promoter Mr. R. Doraiswamy, who is a technocrat turned into an industrialist, for manufacture of CAM Operated Rotary Switches.

Mr. Doraiswamy, a technocrat in Electrical Engineering, having a wide exposure and expertise in the industry by his intensive experience in various reputed companies, viz. Lakshmi Machine Works, Reiter Machine Works, Brown Boveri Baden, Sprecher + Schve Arrow, Switzerland.

The company's thrust is to manufacture CAM Operated Rotary Switches with improved versions of utility both for domestic as well as industrial purposes. In brief, the switches can be used for taking multiple outputs as well as sequences from single compact switches ranging from 6 Amps to 400 Amps, with variable programs.

The company has a marketing tie-up with M/s Larsen & Toubro Ltd. for the domestic market, and one for export markets with M/s. Crompton Greaves Ltd.

A separate company - Salzer Exports Pvt. Ltd. - has since been formed to cater exclusively to the global market. It will become a subsidiary of the company in due course.

2002

-The Company recommended a dividend of 6% per share (i.e. Rs 0.60 per share of Rs 10/- each).

2005

-The Company has recommended a dividend @ 11%.

2007

-The Company has recommended a dividend @ 18%.

2008

-The Company recommended a dividend of 18%

2009

-The Company has recommended a dividend of 16%.

2010

-The Company has recommended a dividend of 16%.

2011

-The Company has recommended a dividend of 16%.

2012

-The Company recommended a dividend of 12% for the year .

2013

-Salzer Electronics has recommended a dividend of 12% for the year.

2014

-Mr. N Rangachary has been appointed as an additional director fo the company.

2015
-"Salzer enters into Technical Alliance with Trafomodern".
-"Salzer Electronics successfully raises Rs 62.06 Crore through a Qualified Institutions Placement".

2016

- Salzer Electronics said that it has secured a Letter of Intent (LoI) worth Rs 18.70 crore from Energy Efficiency Services (EESL), a Joint Venture Company of PSUs of Ministry of Power, Government of India.

2017
-Salzer gets board nod to acquire Salzer Magnet Wires.Â

2019Â

-"Salzer Completes acquisition of Kaycee Industries -Acquired 72.32% shares from promoters of Kaycee Industries Ltd".

2022

-Company received a Patent for its product Integral Cam Operated Rotary Switches.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article