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Tube Investments of India Ltd. Company History and Annual Growth Details

The Co. was incorporated in 1949, at Madras. The company has a cycle division and a Tube Division functioning as separate units in the names of T.I. Cycle of India and Tube Products of India. The Co. also runs a cold Rolling mill and metal section.

TI Mills Ltd., a wholly owned subsidiary of Tube Investment of India Ltd. (TIL) merged with TIL with effect from 1st January, 1984.

Effect from 31st March, 1991 Press Metals Corporation (PMC) was amalgamated with the co.

Effective from April 1991, Sathavahana Chains Ltd (SCL) was amalgamated with the co.

Tube Products of India Ltd. merged with TI Cycles of India Ltd with effect from 22nd January, 1959 : consequently the companys name was changed from TI cycle of India Ltd to Tube Investments of India Ltd. wef. 16 th September, 1959.

2000 - Arunachalam Vellayn, managing director of Tube Investments of India Ltd,
has been electted president of ICC India for 2000-2001.

2001 - Alagappan has been appointed a Wholetime Director with the designation as
Executive Vice-Chairman for a period of 5 years from February 1.

- Tube Investments of India Ltd., part of the Chennai-based Murugappa group, has been give
the 'Corporate Citizen Award' by the Rotary Club of Ambattur, Chennai.

2002

-Tube Investments of India Ltd informs that Mr K Ganesan has ceased to be Director, it has further informed that Mr S Gurumurthy has been appointed as an Additional Director of the Company effective May 24, 2002.

-Tube Investments of India Ltd informs that Mr Adhiraj Sarin has been appointed as Managing Director of the Company for a period of 5 years with effect from August 01, 2002. Mr Adhiraj Sarin will replace Mr V A Raghu the present Managing Director who retires on July 31, 2002.

-Implements the Oracle 11i e-business suite for better planning and inventory control.

-Cholamandalam General Insurance Co becomes a subsidiary to the Tube Investments.

-Makes additional investment of Rs.76cr in Cholamandalam Insurance Co Ltd.,

-The Board of Directors approve for the buyback of equity shares of the company on
August 22 2002.

2003

-Director Mr S Gurumurthy expires on jan 25 2003.

-The Registered Office of the company has been shifted to Dare House, 234, N S C Bose, Chennai 600 001 with effect from December 5, 2003.

2007

- Tube Investments of India Ltd has appointed Mr. N Srinivasan as Additional Director on the Board of Directors of the Company with effect from January 29, 2007.

2008

- Tube Investments of India Ltd has informed that the Board of Directors of the Company at its meeting held on January 31, 2008, inter alia, Mr. L Ramkumar has been appointed as Managing Director of the Company for a period of 5 years with effect from February 01, 2008.

- Tube Investments of India (TII) has forayed into the e-bike segment with the launch of three models - BSA 250, BSA 500 and BSA 800. Priced between Rs 23,000 and Rs 36,000, they will be marketed under the BSA brand.
 
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