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Kinetic Engineering Ltd. Company History and Annual Growth Details

1975 - The company was incorporated as a private limited company on 8th
October and commenced production soon after. It was converted
into a public limited company on 1st October.

- The Company is engaged in the manufacture of Luna mopeds and
business in leasing and hire purchase financing.

1977 - The company purchased from Jaya Hind Motors the technical
know-how for the manufacture of engine and gear box, including
drawing material specifications, process sheets on payment of
Rs.1 lakh.

1980 - The company entered into an agreement with Morini Franco Motor,
SPA of Italy on 6th April for the purchase of the technical
know-how of their engine.

1983 - The company obtained a licence to increase the capacity to 200000
mopeds per annum.

1984 - The company received approval for entering into an collaboration
agreement with Dr. G.L. Sessa, an Italian firm, for the
manufacture of 3 wheelers. A letter of intent was received for
increasing the overall licensed capacity from 200000 to 400000
motorised two wheelers.

1985 - A new moped "Kinetic Swift" incorporating advanced variator
technology was launched. With the governments endorsed on its
manufacturing licence the company became eligible for the
manufacture of motorised 2 wheelers and 3 wheelers upto 350cc.

1986 - Various CNC machines were installed and commissioned.

1987 - The company was accorded registration to manufacture 200000 sets
each of automobile gears and shafts, automobile variator
assembly, cylinder block, cylinder head, crank cases and covers,
crank shaft assembly and connecting rods and 50000 sets of
automobile electrical starter motor, AC generators and electronic
ignition systems.

1989 - New mopeds such as Luna Magnum and `Spark DX' were introduced.

1990 - The company allotted on 21st June, 43,0000 `A' equity shares of
Rs.10 each for cash at par to the employees who were in service
for than 5 years at the time of offer and working directors of
the company. These `A' equity shares should not be disposed for
a period of 5 years from the date of allotment.

- The company was permitted to set up an assembly plant to
manufacture and assemble 75000 mopeds per annum of its existing
licensed capacity of 400000 mopeds per annum.

- The company received registration to manufacture advanced colour
television sets and colour television chassis at Pune at

- The company promoted a joint venture with 20th Century Finance
Corporation Ltd., Mumbai under the name and style of 20th Century
Kinetic Finance Ltd. Two more finance companies namely
Integrated Finance Ltd., and Kinetic Capital Finance Ltd were
also promoted.

1991 - New mopeds such as "Safari" and "Luna Wings" were introduced.
The company developed a unique television which would function as
home computer and Hi-FI-stereo.

1992 - The Company introduced "Luna Wings" a new moped which offers

1993 - The Company has allotted 50,000 "A" No. of Equity Shares of Rs.
10/- each to the eligible employees of the Company pursuant to
the Special Resolution passed by the members of the Company.

1996 - In recognition of the Company's highest export performance in
1994, Engineering Export Promotion Council has awarded the
Company with Certificate of Export Excellence.

1997 - The Company launched K4-100 a new four stroke motorbike 100cc,
four geared with a fuel economy rate of 87 kms per litre made in
house technology.

- Kinetic Engineering (KEL) launched its four-stroke bike
christened K4-100, which is fitted with a newly designed four -
stroke engine developed by the company.

- Kinetic Safari V2, a 60 cc moped, engineered specifically for
the South Indian market, was launched by the Pune-based Kinetic

1998 - South Korean motorcycle company Kymko is making its foray in
India through a technical tie-up with Pune-based Kinetic
Engineering to produce 150cc 4-stroke motor cycles.

- South Korea based motorcycle company Kymko has inked a technical
pact with Pune-based Kinetic Engineering, whereby Kymko will
provide technology for the production of pollution free 150cc 4
stroke motorcycles.

1999 - Kinetic Engineering has received ISO 9001 certification issued
by Det Norske Veritas (DNV) the international certification
agency from Norway.

- Kinetic Engineering Ltd (KEL) has signed a technical
collaboration agreement with Hyosung Motors of South Korea to
manufacture 4-stroke motorcycles.

- Kinetic launched its much awaited middle-line stylish
scooterette `Kinetic Style,' in Pune.

2000 - Two-wheeler giant Kinetic launched its new GF bike series with
the first model slated to enter the Indian market in June.

- Kinetic Engineering has been awarded the safety award by the
National Safety council for its Koregaon Bhima factory for zero

- Kinetic Engineering Ltd. has launched Kinetic Online, a system
that facilitates cost-efficient interaction between
inter-dependent entities involved in production, supply and sales
of its vehicles in the country.

2001 - Kinetic Engineering has launched an upgraded version of its 75cc
scooterette `Style', titled Kinetic StyleSeries 2001. The Company is
also launching a nationwide campaign to promote the product.

- The Compensation Committee of the board of directors of the company
has allotted 18,300 No. of equity shares of Rs 10 each at a premium of
Rs 50 per share to employees exercising their option under the company's ESOP.

-Kinetic Engineering's board has allotted 18,400 equity shares at Rs 60 per share to employees exercising their "option" under the company's employee stock option plan.

2002-M K Khera promoted as Joint Managing Director of Kinetic Engineering.


-Launches 'Boss', a motorcycle of 115cc tagged at Rs 33,500 (Ex-showroom price Delhi)

- Kinetic enters executive bike segment with Velocity


-Kinetic Engineering Ltd on February 13, 2004, announced the launch of Kinetic Laser, a 170-cc bike that has an advanced four-valve engine and features a sporty look. This bike was rolled out in the Andhra Pradesh market and the price starts from Rs 49,661.

Kinetic Engineering unveils Kinetic Aquila, its premium motorcycle, in the Andhra Pradesh market

-Launches most expensive motorcycle on October 12, 2004


-KEL launches Italijet.

-Kinetic Engg inaugurates new showroom at Mangalore.


-The Company has received an order for supply of specialized transmission gear assemblies, from a leading European automobile manufacturer.

-The Company has announced a VRS Scheme for its workers at its manufacturing facility at Ahmednagar, Maharashtra. The said VRS is expected to be beneficial to the Company in the long run, in terms of reduction of its wage bill and operating overheads.


-Kinetic Comm. & Italy’s FGTecnopolo enter Joint Venture to provide engg services for infra projects.


-The Board approved the merger of Kinetic Motor Company Limited (KMCL) with Kinetic Engineering Limited (KEL).

-Mr. Jinendra Munot was appointed as a director on the Board (as Additional Director)


-Kinetic Engineering to introduce new gearboxes.


-Kinetic Motor Company Ltd has been amalgamated with Kinetic Engineering Ltd.


-Mr. Ajinkya A. Firodia has been appointed as Managing Director of the Company.

-Kinetic Engineering Ltd titled "Kinetic to bring Italian super-bike Agusta to India".