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Sandhar Technologies Ltd. Company History and Annual Growth Details

The Company was incorporated as ÂSandhar Locking Devices Private LimitedÂ on October 19, 1987, at New
Delhi, India, as a private limited company under the Companies Act, 1956. The name of our Company was
subsequently changed to ÂSandhar Locking Devices LimitedÂ on conversion to a public limited company, and a
fresh certificate of incorporation consequent upon change of name was issued by the RoC, to our Company on
September 21, 1992. Subsequently, the name of our Company was changed from ÂSandhar Locking Devices
LimitedÂ to ÂSandhar Technologies LimitedÂ, and a fresh certificate of incorporation, consequent upon change of
name was issued by the RoC, to our Company on November 11, 2005. Subsequent changes to the name of our
Company to ÂSandhar Locking Devices LimitedÂ and ÂSandhar Technologies LimitedÂ were undertaken to align
the name of our Company with the nature of business of our Company, and upon conversion of our Company
from a private limited company to a public limited company.Â

MAJOR EVENTS AND MILESTONES OF OUR COMPANY

1988Â

-Incorporated as ÂSandhar Locking Devices Private LimitedÂ

-Engaged by Honda Lock for providing technical assistance in relation to two-wheeler locks

1992

-Started production of two-wheeler locks, and fuel filler cap for Hero Honda at Gurugram

1995

-Production of two-wheeler mirror assembly

1996

-Engaged by Honda Lock for technical collaboration for two-wheeler main switch 35100-GBG-8500 for C100

motorcycles

1998

-Engaged by Honda Lock for technical collaboration for four-wheeler mirror assembly, handle assembly

1999

-Commencement of supply of mirror assembly to Honda Cars

2002

-Production of zinc and aluminium pressure die-casting components commences at Sandhar Auto Components

Limited at Sandhar Components, Manesar

2003

-Executed a joint venture agreement with Steady Stream Business Limited for production of tools and dies

2004

-Engaged by Honda Lock for providing technical assistance in relation to four-wheeler lock assemblies

2005

-SLD Auto established for production of lock assemblies, and mirror assemblies in Bengaluru

2006

-Unit in Chennai, Tamil Nadu, India, established for steel wheel assembly

-Acquisition of the companies of Adeep Group, being Adeep Locks Limited, Adeep Roloforms Limited, and

-Agrim Automach Private Limited, companies engaged in the business of manufactured lock assemblies, steel

wheel rims, and handle bars

-Name of our Company changed to ÂSandhar Technologies LimitedÂ from ÂSandhar Locking Devices LimitedÂ

-Investment by Actis Capital LLC, UK, into our Company

-Barcelona unit of TECFISA acquired by our Company, for manufacture of spools for seat belt retractors and

aluminium PDC products

2008

-Executed a joint venture agreement with JBM Auto Limited for production of moulds and dies

2010

-Unit in Chakan, Maharashtra, established for manufacture of door handles

2011

-Unit in Pune established for manufacture of plastic injection moulding components

-Steady StreamÂs stake in Sandhar Tooling acquired by our Company

2012

-ST Poland with a unit in Czestochowa established by our Company

-Investment by GTI Capital upon purchase of Equity Shares held by the Actis Group

2013

-Technical collaboration agreement executed by our Company with JEM Techno, South Korea, for manufacture

of relays

-Establishment of Sandhar Centre for Innovation & Development, a dedicated research and development unit at

Gurugram

-Investment by GTI upon purchase of Equity Shares held by GTI Capital

-Acquisition of Mag Engineering, a company engaged in the business of manufactured operator cabins for offhighway vehicles

-Technical collaboration agreement executed by our Company with Lyssen Enterprises Co., Limited, Taiwan,

for manufacturing instrument clusters, gauges, and senders / sensors

-Unit in Sriperumbudur, Tamil Nadu, established for new wheel assemblies

2014

-GTI increases its shareholding in the Company from 10.75% to 17.47%, by subscribing to Equity Shares issued

in a rights issue undertaken by our Company

-ST Mexico with a unit in Guanajuato, Mexico, established by our Company

-Executed a joint venture agreement with Han Sung, to establish Sandhar Han Sung, for manufacture of high

precision press parts, insert moulded contact plates, and switches

-Unit in Pathredi, Rajasthan, established for manufacture of lock assemblies, mirrors, and door handles

-Production of relays based on Korean technology (ISO 10000) commences at our Sandhar Automotives

Gurgaon Â JEM Division

-Acquisition of the cabin manufacturing unit of Arkay Fabsteel Systems Private Limited, at Pune

2016

-Executed a joint venture agreement with DMRG and Tarun Agrawal for manufacture and trading of solar plants

and components for solar power plants

2017

-Executed a joint venture agreement with Jinyoung Electro - Mechanic, to establish Jinyoung Sandhar, for the

purpose of manufacture, sell and assemble audio AVN panel and switches in India

2018Â

-Executed a joint venture agreement with Amkin Group to establish Sandhar Amkin Industries Private Limited

to set up a joint venture to design, manufacture, market, sell and assemble, in India, helmet, helmet accessories

and related parts, visors, safety headgear, riding protection accessories, storage box, pannier box and riding

apparel

-Executed a joint venture agreement with Daewha Fuel Pump, to establish Sandhar Daewha Automotive Systems

Private Limited, to manufacture, sell and assemble, in India, fuel pumps, filters, starter motor and wiper blades

-Executed a joint venture agreement with Daeshin to set up a joint venture for manufacturing, assembly, and sale

of gear shifters and parking brakes for the four-wheeler segmentÂ

2020

-Sandhar-Whetron inaugurates new parking sensor line at Gurgaon.

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