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Veto Switchgears & Cables Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as a partnership firm on June 26, 2003 under the name and style "Veto Industries". On April 1, 2007 the name of the firm was changed to "Veto Switchgears and Cables". Subsequently, on June 20, 2007, the partnership firm was converted in to the private limited company under the name and style "Veto Switchgears and Cables Private Limited" under part IX of the Companies Act, 1956. The name of our Company was
further changed to the present name, pursuant to which a fresh certificate of incorporation dated August 3, 2012 was issued by Registrar of Companies, Maharashtra, Mumbai. We are part of Jaipur, Rajasthan based Gurnani Group which has interests in wires & cables, electrical accessories, real estate and hotels. Our Company is promoted by M/s Veto Electropowers (India) Private Limited, which is a subsidiary of Gurnani Holding Private Limited, which in
turn is owned by Mr. Vishnu Kumar Gurnani, Mr. Mohan Das Gurnani and Mr. Narayan Das Gurnani. We are an ISO 9001:2008 certified company, engaged in the manufacture and sale of wires & cables and electrical accessories in India. Our product portfolio ranges from industrial cables, stand cables to telephone & co-axial wires, from general switches to modular switches, from ceiling fans to rechargeable fans, compact fluorescent lamps and other electrical accessories. Our products are manufactured at our state-of-art manufacturing unit located in Hardwar, Uttarakhand.

Major events in the history of our Company

June 2003 :

Incorporated as a partnership firm in the name of M/s Veto Industries under the provisions of the Partnership Act, 1932 with Mr. Kishore Kumar Gurnani and Mr. Narayan Das Gurnani acting as Partners.

May 2007 :

Commencement of production in Hardwar, Uttarakhand.

June 2007:

The existing partnership firm was converted into a Company as " Veto Switchgears and Cables
Private Limited" under Part IX of the Companies Act, 1956.

Sept 2007 :

Obtained its first ISO 9001:2000 certification.

March 2009:

Attained a dealer network of over 1,000 dealers.

July 2010 :

Upgraded to ISO 9001:2008 from ISO 9001:2000 certification.

January 2011:

Launched range of new products in electrical accessories viz., CFL, Fans etc.

March 2011:

Attained a turnover of over `5,000 Lacs for the first time.

March 2011:

Paid-up capital crossed `500 Lacs.

Dec 2011:

Awarded the performance and credit rating certificate from NSIC-CRISIL.

August 2012 :

Converted from "Private Limited Company" to "Public Limited Company"

2013
-"National Economic Growth Through Individual Contribution".
-Veto Switchgears & cables has announces bonus in the Ratio of 1:10

2014
-Corporate Social Responsibility Policy.

2015
-Veto Switchgears and Cables Ltd is listed to dealings on the Exchange in the list of 'D' Group Securities.
-Veto Switchgears and Cables Ltd Incorporated newly wholly owned Subsidiary Company in Dubai, U.A.E with a name Veto Overseas Private-F.Z.E.Â

2016Â

-The Company has Received the Order of Rs. 36 Crores form the Dealer".Â

-The Company has Received the Cables bags addl order worth Rs 40 cr.

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