Our Company was incorporated under the provisions of the Companies Act, 1956 with the name ÂDiffusion Engineers Private Limited pursuant to certificate of incorporation dated November 05, 1982 issued by Registrar of Companies, at Maharashtra. Further, pursuant to resolutions passed by our Board of Directors at its meeting held on May 06, 1995 and by our Shareholders at the extra-ordinary general meeting held on May 17, 1995 our Company was converted into a public limited company. Consequently, our name was changed to ÂDiffusion Engineers Limited and a fresh Certificate of Incorporation dated July 03, 1995, was been issued by the Registrar of Companies, Karnataka at Bangalore. Key Events and Milestones: 1982 -Incorporated as a Private Limited Company 1993 -Commenced manufacturing of welding electrodes 1994 -Acquired land (in part) for our manufacturing facility at Unit I 1995 -Converted from Private Limited Company to Public Limited Company -Acquired land (in part) for manufacturing facility at Unit I -Acquired a subsidiary company, Diffusion Super Conditioning Services Private Limited 1997 -Commencement of production of flux cored wires and wear plates 2000 -Acquired land (N-78) for manufacturing facility at Unit II 2006 -Acquired land (N-79) for manufacturing facility at Unit II 2011 -Acquired land (Khasra no. 35 and 36) for our manufacturing facility at Unit IV 2012 -Acquired land (Khasra no. 38/1, 38/2 and 38/3) for our manufacturing facility at Unit IV -Established our subsidiary company, Diffusion Hernon Adhesive and Sealant Private Limited -Invested in our overseas joint venture company, LSN Diffusion Limited (United Kingdom) 2013 -Established our subsidiary company in Singapore, Diffusion Engineers Singapore Pte Ltd. -Invested in an associate of our subsidiary in Singapore, Mecdiff Sdn Bhd (Malaysia) 2014 -Established a step-down subsidiary company of our Singapore Subsidiary in Philippines, Diffusion Wear Solutions Philippines Inc. 2015 -Acquired land for manufacturing facility at Unit III 2016 -Set up and commenced operations at Unit IV 2017 -Crossed turnover of ?1,000.00 million 2019 -Crossed turnover of ?1,500.00 million 2022 -Undertook expansion of manufacturing facility at Unit IV 2023 -Crossed turnover of ? 2,000.00 million 2024 -Acquired leasehold land (Plot Nos. 33-B/1/1/ & 33-B/1/1/Part, MIDC, Hingna, Sonegaon District, Nagpur, Maharashtra) for the Proposed Facility 2025 -Diffusion Engineers Ltd gets ÂIndia SME 100 AwardÂ2. |
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article