HIM Teknoforge Ltd. Company History and Annual Growth Details

YEAR EVENTS

1981- Company was setup as Him Forging India Pvt. Ltd. This Forging unit in Baddi
was started by Mr. Vijay Aggarwal (technocrat) as an Ancillary to Eicher Tractors, Parwanoo.

1996 - For conservation of Energy the Capacitors Banks were installed to improve the
electric power utilisation factor.

- Shri N. C. Pate and Shri B.J. Kothari retire pursuant to Article 132
of the Articles of Association of the Company and are eligible for
re-appointment.

1999 - Mr. K. C. Raval, Director of the Company has tendered his resignation from
the office of the Directors for personal reason.

- The company has subscribed to a Group Gratuity Scheme of the Life Insurance
Corporation of India.

2000 - The Workers of the company have gone on strike from July 19 for
their demand for increase in wages at their factory situated at
Kalali, Baroda.

2006 -Company has recommended final dividend @ 20% (i.e. Rs 2 per share) for the year ended March 31, 2006.

2008 - Gujarat Automotive Board recommends dividend @ 30/- (Rs 3 per Share) for the year ended March 31, 2008.

2009 -Gujarat Automotive Board has recommended Dividend @ 30% (i.e. Rs 3 Per Share).

2010 -Gujarat Automotive Board has recommended Dividend @ 30% (i.e. Rs. 3 Per Share).

2011

-TS 16949 : 2009 Certification

-CNC Induction Hardening Machines, 1 Sealed Quench Furnace, CNC Hobbing Machines installed

2012 -Gujarat Automotive Board has recommended Dividend @500% (i.e. Rs. 50 Per Share).

-Got best supplier award from Mahindra Swaraj.

2013

-The Company has recommended Dividend @ 30% (i.e. Rs. 3 Per Share).

-Acquired Gujarat Automotive Gears Ltd. (a listed company) in Baroda Gujarat. A leading manufacturer and exporter of Tractor and Truck Parts like king pins, transmission components for European & North-American Market.

2014

-The Company has recommended Dividend @30% (i.e. 0.60 Per Share of Rs. 2).
-Gujarat Automotive Gears has splits its face value from Rs 10/- to 2/-

2015
-Gujarat Automotive Gears "GAGL Increases its Product Portfolio & New Clientele in overseas market".

2018

-Company name has changed to HIM Teknoforge Ltd. from Gujarat Automotive Gears Ltd..

-Him Teknoforge Ltd. got listed on BSE through reverse merger into Gujarat Automotive Gears Ltd.

Set-up a new state-of-the-art Machining Plant in Gujarat, catering to exports.

2019

-Company achieved highest turnover in its history touching approx. INR 325 Cr.

2020

-Company entered into Warm Forging Space by installing CNC Screw Presses of 1600 Ton and 1000 Ton, 3D Scanning Machine and Precision Die Making Machine.

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