Porwal Auto Comp History
BSE:532933 | IND:Auto Ancl - Others | ISIN code:INE386I01018 | SECT:Auto Ancillaries
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The Company History page lists out the major events in chronological order for Porwal Auto Components Ltd.
| Company History - Porwal Auto Components Ltd. | ||
| Our Company was incorporated on February 03, 1992 as a private limited company under the Companies Act 1956 with Registration Number 10-06912 of 1992. The Company was converted into a Public Limited Company on September 09, 1992 with the name Porwal Auto Components Limited. The Registered office of our Company is situated at Kanti Mansion, 6-M rai Mohalla, Indore 452001 (Madhya Pradesh) India Our company has been promoted by Mr. Surendra Jain, Mr. Devendra Jain and Mr. Mukesh Jain. Our Company is an 1S0/TS 16949:2002 accredited company engaged in the business of manufacture of SG and CI Castings with an installed capacity of 6600 T per annum which is presently upgraded to 9000 MT per annum. In order to enhance the product profile and cater to larger customer base, we have implemented a large scale expansion programme to increase the capacities upto 27600 MTA. The expansion programme has commenced from January 2005.The total expansion would be completed by June 2008. To part finance the expansion programme, during January 2006, the Company had made a preferential allotment of 80,00,000 equity shares, out of which 43,00,000 equity shares were allotted to promoter group and the balance 37,00,000 equity shares were allotted to Porwal Finsec Pvt. Ltd. (Acquirer), a non-promoter Company. The acquirer has complied with SEBI (SAST) Regulations and an Open Offer was made to the equity shareholders of PACL. MILESTONES ACHIEVED: Year Event 1992 Incorporation 1994 Public Issue and listing on OTCEI 1995 Commenced production of SG and CI castings 1999 National Awards to small scale Entrepreneur given by Govt. of India (Ministry of Small Scale Industries) to Mr. Devendra Jain (Promoter & Managing Director ) 2000 Eicher Motors Ltd. Award for Outstanding Contribution to parts development 2000 Eicher Motors Ltd. Award for Outstanding Contribution to Supply Chain Management 2005 Production capacity up gradation from 4,080 MT p.a. to 5970 MT p.a. 2005 Commenced a large scale expansion plan 2006 Eicher Motors Ltd. Award for Outstanding Contribution to Supply Chain Management 2007 Certification for ISO/TS 16949 : 2002 2009 --Registered Office of the Company has been shifted from 6, Murai Mohalla, "Kanti Mansion" Indore to 209, Industrial Area, Sector-I, Pithampur Distt-Dhar | ||
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