MV Electrosystems Ltd. Company History and Annual Growth Details

Our Company was incorporated as ÂMV Electrosystems Private LimitedÂ on July 03, 2009 at New Delhi as private limited company under the Companies Act, 1956. Thereafter, our Company was converted into a public limited company, the word ÂprivateÂ was struck off from the name of our Company and consequently, a fresh certificate of incorporation dated November 26, 2021 was issued by the RoC, recording the change of our CompanyÂs name to ÂMV Electrosystems LimitedÂ under Section 18 of the Companies Act, 2013. The Corporate Identity Number of our Company is U31401HR2009PLC140536.

Key events, Milestones and Achievements:

2018

- Commencement of manufacturing operations for cable protection & interconnected products at Unit 1

2019-20

- Received first purchase order for 11 (eleven) 3-Phase Propulsion Equipment from Diesel Loco Modernisation Works, Indian Railways for an aggregate value of ? 184.58 million

- Commenced work on design and development of propulsion system as per the specifications of RDSO

2023-24

- Supplied one set of 3-Phase Propulsion Equipment to CLW and installed and commissioned for service trials to be conducted by West Central Railways

2025-26

- Commenced bulk supplies of Propulsion Equipment to Indian Railways against the outstanding executable Order Book

- Commenced process for shifting of the existing cable protection & interconnected products facility from Unit 1, where it is presently situated, Unit 2 and also installation of infrastructure and machinery for production of propulsion equipment at Unit 1 and Unit 2

- Entered into a Business Cooperation Agreement with PNC Technologies Co. Ltd., South Korea for a period of three years, to collaborate exclusively for the marketing, manufacturing, supply and distribution of Auto Fault Locator system for the Indian market and to fulfil the condition of minimum 51% Indian content under ÂMake in IndiaÂ policy and to participate in the tenders.

- Received developmental order for IGBT based 3-Phase Drive Propulsion Equipment with Composite Converter for WAP-7 locomotives from CLW, Indian Railways for one (1) such equipment for an aggregate value of ? 25.11 million (excluding GST) and three years comprehensive annual maintenance contract for aggregate value of ? 1.48 million (excluding GST)

- Completed trial run of 50,000 km for the 3-Phase Propulsion Equipment supplied by our Company to CLW, Indian Railways, and Received final inspection certificate (prototype clearance) for the 3-Phase Propulsion Equipment

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