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इंडो टेक ट्रांसफॉर्मर्स > कंपनी इतिहास > Power - Transmission & Equipment > कंपनी इतिहास का इंडो टेक ट्रांसफॉर्मर्स - बीएसई: 532717, NSE: INDOTECH

इंडो टेक ट्रांसफॉर्मर्स

बीएसई: 532717  |  NSE: INDOTECH  |  ISIN: INE332H01014  |  Power - Transmission & Equipment

कंपनी इतिहास - इंडो टेक ट्रांसफॉर्मर्स
We started our business as a Partnership Firm, formed under the name
 and 
 style of M/s Indo Tech Electric Company under an original Partnership
 Deed 
 dated September 20, 1975. The said deed was modified by the
 Partnership 
 Deed dated April 1, 1979, December 1, 1984, January 16, 1987, April
 4,
 1990, and April 23, 1992
 
 Further, on July 15, 1994 the parties by a deed of transfer /
 conversion have 
 transferred all the assets and liabilities available as on July 15,
 1994 described 
 under the Schedule - I therein in favor of M/s Indo Tech Transformers
 Limited 
 though our Company, Indo Tech Transformers Limited was incorporated
 on 
 January 16, 1992 under Registration No. 18-22011 of 1991-92.
 
 Our Company had entered into a Sponsorship Agreement dated April 18,
 1995 
 with Twenty first Century Management Services Limited (herein after
 referred to 
 as the 21st Century), appointing 21st Century as sponsor and market
 maker for 
 the securities of the Company on the Over the Counter Exchange of
 India. Under 
 the said agreement 21st Century had agreed to sponsor 11,29,000
 equity shares 
 of face value of Rs 10 each at a premium of Rs 45 per share. The
 Promoters
 under the said agreement had agreed and undertaken to buy back the
 said shares 
 at a price calculated on the basis of price paid by the 21st Century
 for the shares 
 together with a return of 22% per annum compounded quarterly less
 dividends 
 paid if any.
 
 Due to financial restraints, 21st Century could only sponsor for
 590,900 equity shares 
 of the Company and therefore to fulfill its obligation under the
 Sponsorship Agreement, 
 21st Century had brought in the Co-investors to subscribe for the
 balance shares by 
 way of separate Subscription Agreements. The Company, the Promoters
 of the 
 Company, 21st Century and the co-investor were parties to these
 agreements. 
 Accordingly Subscription Agreements dated 15th December 1995 with
 Lloyds Finance
 Limited and 6th November 1995 with Savani Financials Limited were
 entered for 
 200,000 Equity Shares and 30,000 Equity Shares respectively.
 Similarly, the Company 
 also issued 100,000 shares to K&Co. a partnership firm and 25,000
 equity shares to 
 Anusha Investments Limited.
 
 On March 25, 2005, Our Promoter, Mr P E Subramaniam and 21st Century
 had 
 purchased 200,000 Equity shares from Lloyds finance Limited and
 55,000 equity 
 shares ( 30,000 equity shares from Savani Financial Limited and 25000
 shares from 
 Anusha Investments Limited) respectively.
 
 The said Sponsorship Agreement was terminated by a Termination
 Agreement dated 
 October 15, 2005 entered into between Our Company and the 21st
 Century.
 
 Vide an order dated September 30, 2005 the High Court of Madras
 sanctioned the 
 scheme of merger of Indo Tech Electric Company Limited with our
 Company with 
 effect from April 1, 2003. One of our Directors i.e. Mr. P.S. Shekhar
 was also a Director 
 in this company.
 
 2006
 
 -The Company has received Orders for Distribution Transformers worth
 Rs 76.00 million from Tamil Nadu Electricity Board (TNEB) and Power
 and Distribution Transformers worth Rs 44.0O million from corporate
 customers.
 
 -Indo Tech Transformers enters into a Technical & Marketing
 Assistance Agreement with E.I. Dupont India Pvt Ltd (DUPONT),
 Gurgaon.
 
 --The Company has procured orders for Power Transformers of 8 MVA -
 33 KV and 16 MVA - 33KV and 110KV ratings to the tune of Rs 950.00
 million from Tamil Nadu Electricity Board (TNEB).
 
 -The Company has procured order worth Rs 23.65 million from
 Industrial Clients.
 
 2007
 
 -The Company has recommended a dividend of 45% i.e. Rs 4.50 per
 equity share.
 
 -The Company on has received orders for Rs 105.00 crores from Tamil
 Nadu Electricity Board (TNEB) and Rs 1.00 Crore from corporate
 customers.  
 
 -The Company had entered into a Technical and Marketing Assistance
 Agreement with E.I. Dupont India Pvt Ltd, Gurgaon, for technical and
 marketing assistance in respect of ReliatraN Brand Resin Impregnated
 Dry Type
 Transformers.
 
 2008
 
 -The Company has received an export order for 80 and 90MVA - 275KV
 [total 5 nos.] Power Transformers. The total order value is US $
 6,500,000 (Rs 300.00 million).
 
 --The Company has recommended a dividend of Rs 6.00 (60%) per equity
 share of Rs 10/- each.
 
 2009
 
 -Ranked the Company as No. 1 in the Electrical Machines and Equipment
 Sector in the Industry 2.0 Top 500 SMBs. Two Trophies and a
 Certificate were awarded to the Company for this remarkable
 achievement.
 
 2010
 
 -The brand of the products of the Company has been changed from
 Indo-Tech' to 'Prolec GE'.
 
 2012
 
 -The Company appointed Mr. Ajay Dhagat as Additional Director of the
 Company.
 
 -Mr. Banmali Agrawala has been inducted in the Board as Director.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `459.22 की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `74.93 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `1389.27 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `15.30 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `683.05 की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `667.26 Cr की खरीदारी
  • MARKET CUES : स्टॉक ऑप्शंस में `23.66 Cr की खरीदारी
  • IN F&O BAN : F&O बैन में Yes Bank शामिल
  • CS ON DR REDDY’S : Outperform रेटिंग, लक्ष्य `3,055/Sh
  • MS ON SUN PHARMA : Overweight रेटिंग, लक्ष्य `530/Sh

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