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Swaraj Engines Ltd. Company History and Annual Growth Details

YEAR EVENTS
1985 - The company was incorporated on 24th September 1985, and obtained
the Certificate of Business on 16th October, 1985. It
manufactures & sells engines for application other than tractors.
The company has been promoted jointly by Punjab Tractors Ltd. and
Kirloskar Oil Engines Ltd.

- Kirloskar Oil Engines, Ltd. agreed to provide know-how, design
and documentation of products, process details, design of jigs,
fixtures and toolings etc. to the company for the manufacture of
diesel engines to be fitted in 'SWARAJ' tractors manufactured by
Punjab Tractors Ltd.

- The company has set up plants for the manufacture of 16,000
Diesel Engines per annum. This project is based on Kirloskar
know-how & technology. This is already in commercial
production.

1989 - 70 shares subscribed for by the signatories to the memorandum of
associations. 17,99,930 shares than issued at par of which
5,50,000 shares to Punjab Tractors Ltd. (PTL) and 3,60,000 shares
to Kirloskar Oil Engines, Ltd. (KOEL) were reserved and allotted
on a firm basis. Out of the remaining 8,89,930 shares, 90,000
shares were offered to the employees (including Indian working
directors)/workers of the Company as also those of promoter
Companies (All were taken up). The balance 7,99,930 shares were
offered for public subscription during July, 1989. Additional
2,69,970 shares were allotted to retain oversubscription
(1,36,500 shares to PTL and KOEL, 1,19,900 shares to public and
13,570 shares to the employees).

1995 - The Company undertook to expand its capacity to 42,000 engines
p.a. and also expansion of its existing machining capacities for
hi-tech components like connecting rods and cylinder head to
required levels. In addition, new capacities were planned for
some more hitech components like crank case, gear casing etc.

1996 - 20,69,970 Bonus Equity shares issued in propn. 1:1.

2003

-Shares Acquired in the Open Offer

2008

- Swaraj Engines Ltd has informed that Shri. V S Parthasarathy has been co-opted as Additional Director of the Company w.e.f. January 22, 2008.
 
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