Enter the first few characters of Company and click 'Go'

Wendt (India) Ltd. Company History and Annual Growth Details

Wendt (India) Limited (WIL) was incorporated in 1980 as a Joint Venture between Wendt GmbH ( www.wendtgroup.com ) and The House of Khataus. In 1991, Carborundum Universal Ltd (CUMI), a US$ 3.0 Billion Murugappa Group Company ( www.murugappa.com) acquired the Khatau's stake in the business. Since then WIL has been a 40 - 40 Joint Venture between Wendt GmbH and CUMI. The public holds the balance 20% equity.

Wendt India is ranked among the Top 25 successful Indo-German JVs by the Indo-German Chamber of Commerce (IGCC).

Wendt India draws its Technological Superiority from Wendt GmbH which is a part of Winterthur Technology Group (WTG ) Switzerland and Sound and Ethical Management practices from Murugappa Group.

2003

-Wendt India Ltd. launched two excise management software products for the business community

2004

-Wendt announces final dividend of 100% on equity shares

2005

-Wendt India - Incorporation of WOS in Thailand

2006

-Wendt India Ltd has recommended payment of Dividend of 150% on Equity Shares

2007

-Wendt India Ltd has recommended a dividend of Rs 17.50 per share (i.e 175%)

2008

-Company has Incorporated a 100% Wholly Owned Subsidiary (WOS) Company namely Wendt Middle East FZE

-Registered Office of the Company has been shifted From 407 Devatha Plaza, Residency Road, Bangalore - 560025 To Flat. No. 105, Cauvery Block, National Games Housing Complex, Koramangala, Bangalore - 560 047 Karnataka

2009

-Mr. K S Shetty has been appointed as an Additional Director of the Company

-Wendt India Ltd has recommended a dividend of Rs 10.00per share (i.e 100%)

2010

-Company has launched its own website with domain name www.wendtindia.com.

2011

-Wendt (India) Ltdhas recommended a dividend of Rs. 25/- per equity share

2012

-Wendt (India) Ltdhas recommended a dividend of Rs. 25/- per equity share

2013

- Wendt (India) Ltd has recommended a dividend of Rs. 15/- per equity share of face value of Rs.10/- each (150%)

2014

- Wendt (India) Ltd has recommended a dividend of Rs. 15/- per equity share of face value of Rs.10/- each (150%)

2015
-The CompanyÂs Registrar and Share Transfer Agent have shifted their office to 10, Aram Apartment, 12, Sampatrao Colony, B/h. Laxmi Hall, Alkapuri, VADODARA - 390 007.

2016
-- Wendt (India) Ltd has entered into agreement with M/s Star Diamond Tools Private Ltd (Star) for acquisition of their Diamond Dresser Tool business on slump sale basis.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article