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Ujaas Energy Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as M AND B Switchgears Private Limited on June 09, 1999 under the Companies Act, 1956 by converting partnership firm M AND B Switchgears under Part IX of the Companies Act, 1956. Subsequently, our Company was converted into a public limited company and a fresh certificate of incorporation was issued on November 19, 2010 following the change of name to "M AND B Switchgears Limited". Our Company has been allocated Corporate Identification Number U31200MP1999PLC013571.

Our Company is promoted by Mr. Shyam Sunder Mundra, Mr. Vikalp Mundra and Mr. Anurag Mundra. Our Company is engaged in manufacture and distribution of transformers including power transformers, furnace, rectifier transformers and special purpose transformers. Initially one of our promoter, Mr. Shyam Sunder Mundra had started the transformer business in 1979 as a sole proprietorship concern in the name of M & B Switchgears. Thereafter the proprietorship concern was converted into a partnership concern in April 1, 1995 and further into a corporate entity under the name M AND B Switchgears Private Limited on June 9, 1999. Our Company was subsequently converted into a public limited company and a fresh certificate of incorporation was issued on November 19, 2010.

Our Company is having two manufacturing units, one situated at 2 - D /2, Sector D, Sanwer Road Industrial Area, Indore spread across 6,247.67 sq.ft and the other situated at Survey No. 211/1 Opposite Sector-C and Metalman, Sanwer Road, Industrial Area, Indore (M.P.) spread across 92,610 sq. ft aggregating to 98,857.67 sq. ft. In addition our Company is in the process of setting up 2MWp solar power project over a land area of 4.06 hectare at Survey No 13/1/1 Village Gagorni, Tehsil and District, Rajghar, Madhya Pradesh. We also propose to use the proceeds of the Issue in setting up 4MWp solar power project over a total land area of 14.467 hectares at Survey No. 13/1/1, 13/2, 20, 23, 24, 25, 27, 28, 30, 37 and 38 Village Gagorani, District Rajgarh, Madhya Pradesh. Our manufacturing units are equipped to manufacture various transformers with a capacity ranging up to 25,000 KVA at 132 KV.

Major Events:


June 09, 1999

Conversion from a partnership firm to a private limited company.

June 21, 1999

Addition of new products namely Power Transformers and Core Coil Assembly.
Increase in manufacturing capacity from 250 KVA to 315 KVA of Distribution Transformers.

November 13, 2003

Order from Asian Development Bank funded project.

July 13, 2005

Increase in manufacturing capacity from 10 KVA to 500 KVA of Distribution
Transformers and 630 KVA to 5,000 KVA of Power Transformers with an annual
quantitative capacity increased to 744 Distribution Transformers and 48 Power
Transformers.

August 15, 2007

Addition of new products namely Dry Type Transformer, Unitised
substation/Transportable substation and Flame Proof Tran switch unit with an
annual quantitative capacity of 45 units each.

Increase in manufacturing capacity to 10,000 KVA of Power Transformers with an
annual quantitative capacity increased to 135 units.

Increase in annual quantitative capacity of Distribution Transformers to 1575 units

January 22, 2010

Issue of ISO-9001 2008 certification by Alberk QA International Technical Control
and Certification Limited for design, development, manufacturing, erection and
commissioning of power and distribution of transformers.

May 03, 2010

Increase in annual quantitative capacity of Distribution Transformers, Power
Transformers, Dry Type Transformer, Unitised substation/Transportable substation
and Flame Proof Tran switch unit to 2,880, 240 and 48 units respectively. With this
expansion our annual capacity increased to the current level of 5,109 number of
transformers per. Annum and the same is in line with DIC certification.

Addition of new products namely Booster Transformers and Furnace Transformers
with qualitative capacity of 5 MVA and 25 MVA respectively and an annual
quantitative capacity of 48 units each.

December 04, 2010

Issue of ISO 14001:2004 certification by QA Certification Services Private Limited
for manufacturing, erection and commissioning of power and distribution of
transformers.

2011

-M and B Switchgears emerges as winner among newly listed IPOs

2012

-M&B Switch has received Purchase order for 1MWp Solar Power Generating System

-M&B Switchgears has been registered as the India's first registered RE Generator for the energy source Solar PV under "the CERC REC Regulations".

-M and B Switchgears commissions UJAAS solar power generation plant

-M&B Switch have signed Agreement with the Govt. of M. P. for establishing almost 100 MW Solar Power Plants

-M AND B Switchgears, stock split of Rs. 10/- per Equity Share of the Company into the Equity Shares of Re. 1/- each.

2013
- Successful commissioning of 27MWp Solar Power Plants under brand UJAAS.
-M AND B Switchgears Ltd has informed that the name of the Company has been changed from "M AND B Switchgears Ltd" to Ujaas Energy Ltd."

2014
-Ujaas received "Best Under a Billion Award" From Forbes Asia.

-The Company has achieved a milestone in the solar power industry. Being the first Company in Solar Power Project under REC Mechanism.

2015
-Ujaas Energy Ltd has received Letter of Award (LoA) from Oil India Ltd, a navratan company, for EPC of 9MWP (DC) grid interactive solar photo voItaic (SPV) power plant at Ramgarh, Jaisalmer.

- Ujaas Energy Ltd received 6 MW solar project worth Rs 36.98 crore from Electricity Department of Daman & Diu.

- Ujaas Energy Ltd has bagged EPC order of 10MW Canal Bank Grid Connected Solar Photovoltaic Power Plant at Vadodara, Gujrat and its operation and Maintenance for 25years as issued by Sardar Darovar Narmada Nigam Ltd.

2016
-Ujaas wins order from Airport Authority of India
-Ujaas bagged order of 5MW from "Rashtriya Ispat Nigam Limited"
-Ujaas Energy bags order from Aligarh Muslim University
-Ujaas Energy Ltd has informed that the Company's website address is www.ujaas.com.
-Ujaas Energy commissions 25 MW EPC projects
-Ujaas Energy bags order for power project in Uttarakhand

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