Modison Ltd. Company History and Annual Growth Details

MODISON was founded as a trading unit in 1965, by Mr. G. L. Modi, to deal in tool steels and export of engineering and general merchandise. A decade later in 1975, Mr. G. L. Modi established the first manufacturing facility in Mumbai (Bombay) for refining of silver and started exporting large quantities of refined silver to renowned bankers and dealers in Europe and U.S.A. MODISON was instrumental in establishing Â999Â Good Delivery Silver Bars status in India for bullion trading. Within two years after starting silver refining, the companyÂs founder realized the vast potential for Electrical Contacts and Contact Materials in switchgear industry and thus facilities were added to manufacture silver and silver alloy wires, plates, strips and solid / bimetal contacts. This was the beginning of MODISONÂs contacts manufacturing at Mumbai. The company soon realized that in order to cater to the market needs, the company must have a sound technical and R&D back-up. With this in mind the company signed up technical collaboration with DODUCO KG, Pforzheim, Germany, in 1983, the worldÂs leading manufacturer of contact materials. From 1983 till 1996 MODISON had technical collaboration with DODUCO. The excellent technical support from DODUCO helped MODISON develop many hi-tech products, which were hitherto, imported by Indian Switchgear Industry.

1965

- Modison Metals Ltd was founded in 1965 with only trading activity and promoted by Girdharilal Madanlal Modi, Rajkumar Mohanlal Modi and Sureshchandra Purshottamdas Mody.

1975

-The first manufacturing unit was established for refining of Silver.
-Technology transfer for complete HV contacts from Doduco
- Developed own copper chrome alloy for HV contacts

1996 - From the year 1983 to 1996 the company had technical collaboration with DODUCO, Germany that enabled the company to develop many hi-tech products.

2007 - Board members of the company had approved on 7th July 2007, the sub division of 32,50,000 equity shares of the nominal value of Rs. 10 each to the authorized share capital of the company into 3,25,00,000 equity shares of Re 1 each.

- The company had 10th August 2007 for the record date for the purpose of sub division of fully paid up equity shares of the company with face value of Rs.10 each into 10 fully paid equity shares of the face value of Re 1 each.

2008

- Company has designated the following email ID for the purpose of registering investors grievances / complaints:[email protected].
-Modison Metals has declared Dividend of Rs 0.40 (40%) per equity shares of Rs 1/- each.
-Started steel backed button contacts; imported plant from Italy

2009

-Company has recommended Dividend of Rs 0.40 (40%) per equity shares of Rs 1/- each.

2010

-Modison Metals has recommended a dividend of Rs. 0.75 (75%) per Equity Share of Rs. 1/- each.

2011

-Company has recommended a dividend of Rs. 1/- (100%) per Equity Shares of Rs. 1/- each.
- Developed high performance current carrying contacts
- Developed silver compound business
- Amongst Top 3 in CNBC TV18 award

2012

-Modison Metals has recommended a dividend of Rs. 1.00 (100%) per equity share of Re. 1/-.

2013

-Company has recommended a dividend of Re. 1/- (100%) per equity shares of Re. 1/- each.
-Mr. Rakesh S. Singh is appointed as Chief Executive Officer (CEO) of the Company.

2014

-Modison Metals has recommended a dividend of Rs. 1.25 (125%) per equity shares of Re. 1/-
each.

2022

-Company name has changed to Modison Ltd. from Modison Metals Ltd.

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