The Company was originally incorporated as ÂSona Okegawa Precision Forgings Limited at New Delhi as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 27, 1995, issued by the RoC and commenced operations pursuant to the certificate of commencement of business dated November 16, 1995 issued by the RoC. For the purpose of expansion of business and with the aim of accessing global automotive markets, the name of the Company was changed to ÂSona BLW Precision Forgings Limited as approved by the Shareholders by way of a resolution dated June 28, 2013 and a fresh certificate of incorporation dated July 23, 2013, consequent upon change of name was issued by the RoC. Major events in the history of the Company : 1995 - Incorporation of the Company 1998 - Commencement of production at Gurugram Unit I 2005 - Commencement of operations at Pune Unit I 2013 - The Company was renamed as ÂSona BLW Precision Forgings Limited 2017 - Commencement of operations at Gurugram Unit I and Gurugram Unit II 2018 - Acquisition of new land for Pune Unit II 2019 - Adopted ÂSona Comstar as the brand name - Commencement of operations at the Manesar Unit - Awarded contract by a renowned global electric vehicle manufacturer 2020 - Achieved milestone of production of approximately 250 million gears 2021 -Sona BLW announces joint development project with Israel's IRP Nexus Group. -Sona Comstar to collaborate with Israeli firm to develop new motor for electric vehicles. -Sona Comstar partners with IsraelÂs IRP to produce electric 2W, 3W powertrain. 2022 -Sona BLW Precision Forgings achieves 1 lakh EV traction motor production milestone. -Sona BLW Precision ties up with US firm for electrostatic drive motors. 2023 -Sona BLW Precision has won Golden Peacock Award For Excellence In Corporate Governance, 2023. - Company has agreed to acquire at least 54% shares capital and voting rights in NOVELIC. 2024 -Sona BLW Precision achieved significant production milestone of 400 million differential gears and 6 million differential assemblies. 2025 -The Company has received PLI Certification for its 3 more products. |
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