| |
1965 |
|
Govt. of India's research
institute(CMERI) at Durgapur initiates
design and development of SWARAJ
tractor based on indigenous know-how. |
| |
1970 |
|
Punjab Govt. through PSIDC
acquires SWARAJ tractor's design from
CMERI and establishes Punjab Tractors
Ltd. (PTL) for its commercialization. |
| |
1971-73 |
|
PTL sets up SWARAJ Project
for 5,000 tractors per annum at a capital
outlay of Rs. 37.0 million with an equity
base of Rs 11.0 million. |
| |
1974 |
|
Swaraj 724 (26.5 HP) tractor
commercially introduced. |
| |
1975 |
|
2nd tractor model SWARAJ
735(39 HP) developed by own R&D, commercially
introduced. |
| |
1978 |
|
3rd Tractor
model SWARAJ 720 (19.5 HP) developed
by own R&D, commercially introduced.
|
|
| Maiden
equity divided declared. |
|
| |
1980 |
|
| Guided
by social concerns and responsibility,
PTL takes over PSIDC's sick scooters
unit - Punjab Scooters Ltd.
(subsequently renamed as SWARAJ
Automotives Ltd.) |
|
|
India's first Self propelled
Harvester Combine - SWARAJ 8100
developed by own R&D, commercially
introduced.
|
|
| SWARAJ
Foundry Division set up in
Backward area. |
|
| |
1981 |
|
Issue of maiden Bonus
Shares (2:5), paid-up equity moves to
Rs 15.4 million.
|
| |
1983 |
|
| 4th Tractor
Model - SWARAJ 855 (55 HP) developed
by own R&D, commercially introduced.
|
|
| Expansion
of annual capacity to 12,000 tractors
per annum at Plant 1. |
|
| |
1984 |
|
SWARAJ MAZDA Ltd. promoted
in technical and financial collaboration
with Mazda Motor Corpn. & Sumitomo Corpn.
Japan for manufacture of Light Commercial
Vehicles. PTL's equity participation
is Rs. 30.4 million (29%) and that of
Mazda and Sumitomo's Rs. 27.0 million
(26%). |
| |
1985 |
|
SWARAJ Industrial Forklift
Trucks developed by own R&D, commercially
introduced. |
| |
1986 |
|
SWARAJ ENGINES Ltd.
promoted in technical and financial
collaboration with Kirloskar Oil Engines
Ltd.(KOEL) for manufacture of diesel
engines. PTL's equity participation
is Rs. 6.9 million (33%) and that of
KOEL's Rs 3.6 million (17%).
|
| |
1989 |
|
1st Right Issue (1:1)
at a premium of Rs 50/- per share (plus
reservation of 200 Shares per employee)
paid up equity moves to Rs 31.6 million.
|
| |
1990 |
|
2nd Right Issues (1:2)
at a premium of Rs 60/- per share (plus
reservation of 200 Shares per employee)
paid-up equity moves to Rs 50.6 million.
|
| |
1992 |
|
2nd issue of Bonus Shares
(1:1), paid up capital moves to Rs.
101.2 million. |
| |
1993 |
|
Annual tractor capacity
expanded to 24,000 per annum at Plant
1.
|
| |
1995 |
|
Setup of tractor Plant
II at Village Chappercheri with annual
capacity of 12,000 per annum. |
| |
1996 |
|
3rd issue of Bonus Shares
(1:1), paid up equity moves to Rs. 202.5
million. |
| |
1998 |
|
Commencement of expansion
to 60,000 tractors(30,000 at each plant).
Capital outlay of Rs 1000 million, funded
mainly through internal accruals.
|
| |
1999 |
|
| 5th and
6th tractor models - SWARAJ 733
(34 HP) & SWARAJ 744 (48 HP)
developed by own R&D, commercially
introduced. |
|
| FY
1999's divided @ 250% was corporate
India's highest. |
|
| |
2000 |
|
| Expansion
of annual tractor capacity to
60,000 completed. |
|
| 4th issue
of Bonus Shares (2:1), paid up
equity moves to Rs 607.6 million. |
|
| |
2001 |
|
| PTL won
National Championship trophy in
competition organized by All India
Management Association (AIMA)
for young managers. |
|
| Economic
times and Boston Consulting Group
selects PTL as one of the India's
finest 10 companies out of Economic
times top 500 Companies. |
|
| |
2002 |
|
Cumulative tractor
sales crosses 5,00,000. |
| |
2003 |
|
PSIDC's disinvestment
of its entire Equity holding (23.49%)
in PTL in favour of CDC Financial Services
(Mauritius) Ltd. With this, total holding
of CDC & its associates in PTL stands
at 28.48%. |
| |
2004 |
|
7th & 8th tractor models - Swaraj 939 (41 HP) & Swarj 834 (34 HP) developed by own R&D, commercially introduced. |
| |
2005 |
|
PTL disinvested 15,73,000 euity
shares of Rs. 10/- each of Swaraj Mazda
Ltd. (constituting approx. 15% of SML's
paid up capital) in favour of Sumitomo
Corporation, Japan, a joint venture
partner in Swaraj Mazda Ltd. at a total
consideration of Rs. 629.2 million |
| |
2007 |
|
CDC/Actis Group and Burman
Family's disinvestment of their Equity
holding in PTL (43.3%) in favour of
Mahindra Group (M&M). M&M made
open offer to shareholders for another
20% equity of the Company.
Mahindra Group's equity holding in
the Company stands at 64.6%
Cumulative Tractor Sales cross
600,000.
Swaraj Track Type Combine designed
and developed by in-house R&D,
commercially launched |
| |
2008 |
|
Swaraj 3 Tonne Battery forklift,
designed and developed by in-house R&D,
commercially launched |
