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Suprajit Engineering Ltd. Company History and Annual Growth Details

COMPANY, MANAGEMENT AND PROJECT BRIEF HISTORY/PRESENT BUSINESS OF THE COMPANY

SEL was incorporated on 24.5.1985 as a Private Limited company and was converted into Public Limited company on 15.06.1995. The Registered office of the Company is at plot No.100, Bommasandra Industrial Area, Anekal Taluk Bangalore - 562 158, Karnataka. The Company established a
small scale industrial unit in 1987 for manufacture of cables for the Japanese automobile manufacturers in India with financial assistance from Karnataka State Financial Corporation - Bangalore and in technical collaboration with Toh Fon Machine Company Limited (TFMCL) - Taiwan, the
largest suppliers of cables to original equipment manufacturers such as Kawasaki, Suzuki, Yamaha, Honda etc.,

This was conceived in the background of large number of Japanese automobile manufacturers setting up joint ventures in India to manufacture fuel efficient, International quality two wheelers in India. Today, the Company is one of the of the major suppliers to the Original Equipment Manufacturers viz., TVS Suzuki Limited, Hero Honda Motors
Limited, Escorts Automotives Limited- (Yamaha Motor Cycle Division), Kinetic Honda Motors Limited, RHW India Limited and Whirlpool Washing Machines Limited (formerly TVS Whirlpool Ltd). The Company also distributes its products in the replacement market through reputed distributors viz., TVS & Sons Limited, Madras Auto Service and Sundaram
Motors. The Company's products are very well established with OEMs conforming to their quality standards. To meet the continued increased requirement of the customers, the Company during the year increased the capacity from 24 lakh cables (36 lakhs on 3 shift basis) to 36 lakh cables (54 Iakh cables on a 3 shift basis) the cost of which was met
by contribution from the promoters and their group. The Company is successfully managed and has been earning profits since inception and declared dividends continuously. The Company has been rated AAA (highest
internal credit rating) by Karnataka State Financial Corporation.

This is the only Company to have equity participation by TVS Suzuki Ltd. to the extent of 3.6% of the present paid up equity.

2000 - The Company has floated a joint venture with Winner Computer
Services called Suprawin Technologies.

2003

-The Hon. High Court of Karnataka has approved the scheme of Amalgamation of Shah Concabs Pvt Ltd, a wholly owned subsidiary.

-Suprajit Engineering's Units at Bangalore and Manesar awarded International Quality Certification

2004

-De-listing of the equity shares from the stock exchanges at Bangalore, Chennai and Ahmedabad.

-The company's state-of-the-art automotive cable plant at Chakan, Pune was inaugurated on March 18, 2004 by Shri Rajiv Bajaj, Joint Managing Director, Bajaj Auto Ltd.

2004

- Enters into MoU with Carclo PLC - UK based major Company, to setup a Joint Venture to manufacture Automotive Cables in India for the European Union.


2005

- Suprajit Engineering Ltd has declared an interim dividend of 20 per cent.

- The Company has received for the first time a non-automotive cable order from Textron USA.

- The Company has started dispatching cables to Piaggio, Italy.


2006

- Declared an Interim Dividend of 20% on the Fully Paid Equity Shares of the Company.

- CTP Suprajit Automotive Pvt Ltd, a 50:50 Joint Venture Company with Carclo Plc, U.K., a 100% EOU for export of cables to European markets has started trial run of plant.

- The Company has received an initial order for supply of cables to North America by Lear Corporation.

- The number of cables despatched for the year was 41 million, as against 32 million of the previous year.


2007

- Has declared an Interim Dividend of 20% on the Fully Paid Equity Shares of the Company.

- MoU signed with Michang Cables Korea - a well-known cable, shifter and gas spring manufacturer for long-term logistics and co-operative manufacturing programme.

- The new plant at Pantnagar, Uttaranchal for cables is expected to start commercial production by April.


2008

- Has declared an Interim Dividend of 20% on the Fully Paid Equity Shares of the Company.

- The Company's new Plant at Singur will manufacture and supply Automotive Cables for "Tata Small Cars".

- Suprajit Engineering Ltd has informed that the Companys new Export Oriented Unit to manufacture non-automotive cables for exports has started trial production.


2009

- Declared an Interim Dividend of 20% on the Fully Paid Equity Shares of the Company for the year.

- Company announces its ground breaking ceremony was held for a full-fledged state-of-the-art automotive cable plant at Haridwar to support its major customers.


2010

- Company has started trial production in its State of the Art manufacturing facility at Haridwar.

- Split existing equity shares of Rs. 5/- each into 5 equity shares of Re. 1/ each and entitlement of Bonus Shares in the ratio of 1:1.

- Company has started cable operations at the recently acquired plant in Bommasandra Industrial Area, Bangalore.

- Ground breaking ceremony was held for a new cable plant for 4 wheelers at Chakan, Pune.

-Suprajit Engineering has given the Bonus in the Ratio of 1:1

-Company has splits its Face value of Shares from Rs 5 to Re 1

2011

- Declared an Interim dividend of 20% (Re. 0.20 Per Share of Re. 1/- each) for the year.

- A groundbreaking ceremony was performed on December 01, 2011 for a new automotive cable plant at Suprajit Automotive Limited, 100% EOU at Bangalore.


2012

- The Company has successfully implemented a new Automotive Cable manufacturing plant at Plot No. #189/A,189B, Bommasandra Industrial Area, Bangalore and commenced the trial production.

- Dr. C. Mohan, erstwhile President of the Company into the Board as Executive Director.

2013

-The company has received Supplier Quality Excellence Award from General Motors.
-Suprajit Engineering Ltd has started commercial production at its new cable plant in Pathredi.

2014

-Suprajit acquired Speedo Cable business from PRICOL.

2015
- Suprajit Enginee Acquired Phoenix Lamps Limited

2016
-Suprajit Announces acquisition of Wescon Controls, USA
-Acquisition of Wescon Controls LLC an Overview
-Suprajit Engineering - Earnings beat due to higher other income

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