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Atul Auto Ltd. Company History and Annual Growth Details

The Company was originally incorporated as a Private
Limited Company on 18th June, 1986 under the Companies Act,
1956, in the State of Maharashtra. The Registered Office of
the Company was transferred to Jamnagar in the State of
Gujarat on 24-01-92. Subsequently on 20-4-94 the
Registered Office was transferred to Dist.Rajkot,
Gujarat. The Name of the Company was changed from Atul Auto
(Jamnagar) Pvt. Ltd. to Atul Auto Pvt. Ltd. on 12-08-94.
The Company was subsequently converted into Public Limited
Company and fresh certificate of incorporation was obtained
on 12-08-94 from the Registrar of the Companies, Gujarat.

The Company has set up its present plant at village Shapar,
Dist. Rajkot with a financial assistance from GSFC in the
year 1992. The project was successfully implemented and
commercial production was started in July, 1992.

The Company is presently engaged in the manufacture of
Diesel Three Wheelers like 6-seater Auto Rickshaws, Pick-Up
Vans and Chassis of Passenger Vehicles. These vehicles are
marketed under the brand name of "KHUSHBU", which is well
established and very popular.

6-seater Diesel Auto Rickshaw with steering wheel is used
for local passenger traffic while Pick-Up Vans for local
transportation of goods/ groceries etc. in the urban/semi
urban centers. Passenger vehicles popularly known as
"CHHAKDAS" are useful for the movement of passengers from
one urban/rural center to another for distances upto 100
kms. or so. The Company manufactures chassis of "CHHAKDA",
while the Body Building and fitting of other Accessories
are mainly done at the Associate Units.

The Company has recently introduced Diesel Mobike in the
market under the brand name of "FUZI" vide the envisaged
expansion cum diversification programme. The prototypes of
the proposed Diesel Two Wheelers developed by the Company
has 4 stroke, Diesel Air Cooled 350 c.c., C.I. Engine,
having maximum Horse Power of 6.4 H.P. The Gross Vehicle
Weight (GVW) is 330 kgs. The Company has already obtained
Certificate for compliance to the Central Motor Vehicles
(Amendment) Rules (CMVR) and Roadworthiness Certificate
from the Automotive Research Association of India (ARAI),
Pune - a Research Institution of the Automotive Industry
with the Ministry of Industries, Government of India.

The Company had also obtained CMVR and Roadworthiness
Certificates as above for the existing range of products
viz. Chassis for goods carriage/ 6-passenger Auto Rickshaw
with steering wheel and Pick Up Vans. As per the
notifications No. P & D Registration/ 813 dated 15.2.93 of
Road Transport Commission's Office, Ahmedabad, Government
of India, Regional R.T.Os. are authorised to grant
clearance certificates on the basis of ARAI's certificates
of Roadworthiness and CMVR. Thus, the Company may be in a
position to sell its vehicles on All India Bases after
obtaining the clearances from R.T.Os. The Company has
already obtained Road Transport Offices (RTO) Clearance
from the States of Gujarat, Mahrashtra, Kerala and Andhra
Pradesh.

SUBSIDIARIES OF THE COMPANY

There are no subsidiaries of the Company in terms of the
Companies Act, 1956.

2004

-Atul Auto Ltd has recommended a final dividend @ 10%

2005

-Atul Auto Limited launched its three-wheeler models using CNG and LPG as fuel.

2006

-Atul Auto Ltd has recommended a final dividend @ 10% on paid up share capital

2007

-Company has been selected at position No 7 among India first SMB (Small & Medium Business) TOP 500 Awards & Conclave by the INDUSTRY 2.0

2008

-Atul Auto Ltd has recommended final dividend of 5%.

2009

-Company has launched its new series of three wheeler Rickshaw under the brandname 'ATUL GEM' with two variants, viz. ATUL GEM PAXX (passenger) and ATUL GEM CARGO -XL (load vehicle)

2010

-Atul Auto Ltd has acquired stake in Scooters India

2011

-Atul Auto - A new tie up with Atul Autos Bangladesh Ltd, Uttara, Bangladesh

-Atul Auto Ltd Issues Rights in the Ratio of 1:4

2012

-CNBC Award to Atul Auto Ltd.

-Company has entered into a Long Term Supply Agreement with Greaves Cotton Limited for supply of diesel engines for Company's three wheelers.

-Atul Auto has given the Bonus in the Ratio of 1:2

2013
-Atul Auto Ltd Launching of new three wheeler product under brand "GEMINI-Dz"
-Atul Auto Ltd has recommended final dividend @ Rs. 6/- per share or 60% on paid up share capital of the Company.
-Atul Auto Ltd has informed that the Company has been conferred with "IndiaMart - Leaders of Tomorrow Award 2013".
-Atul Auto launches diesel-run autorickshaw Gemini DZ.

2014
-Atul Auto Ltd Board recommends Final Dividend of Rs. 3.5/- per share or whereby making total dividend for FY 2103-14 Rs. 7.5 per year (Excluding dividend distribution tax).
-Atul Auto has splits its face value from Rs 10/- to 5/-

2015
-Atul Auto inks MoU with IDBI Bank

2016
-Atul Auto Ltd - Launch of Electric Three Wheeler (Green Vehicles)

2021
-Acquisition of equity shares of Khushbu Auto Finance Limited whereby making it wholly owned subsidiary.
-Commencement Of Commercial Production At Bhayla (Dist. Ahmedabad) Plant.

2023
-Atul Auto manufactures three-wheelers under the 'Atul' brand, and spares, components, and allied products.

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