Brakes Auto (India) Limited was incorporated on 25th April 1980 as a
Private Limited Company to take over the proprietory business of
Brakes Auto (India) and undertake manufacturing of automobile parts.
It was subsequently converted into a Public Limited Company on 27th
November 1992 in terms of special resolution passed by the company at
its Extra Ordinary General Meeting.
The Company is presently engaged in the business of manufacturing of
important Automobile spares like Brake Drums, Hubs,Clutch & Gear Box
Housing, Wheel Cylinder, Master Cylinder and Water Pump Assembly at
its factory situated at 68, 69-B, Industrial Area No. 1, A.B Road.
The unit began commercial production in December 1983 with assorted
installed capacity of 1500 MT of Brake Drums, automobile accessories
etc., The Company was sanctioned a Term Loan of Rs.752 Lakhs from
Madhya Pradesh Financial Corporaiton and woking capital of Rs.4.50
lakhs from Canara Bank. The unit was in operation and earned profits
upto 1985. The Company received appreciation from Central Railway for
repair to one of the WDM/2 Cylinder and a total performed for the
first time in India.
In the end of year 1985, a fatal road accident took place in which
the main Promoter cum Whole time Director Mr. Suresh Sharma and the
Chief General Manager suffered severe physical injuries and set back.
As a result of which the manufacturing activities remained closed for
almost five year. The Company started activities on job work basis in
1989-90. The unit was restarted in October 1991 and after repairing
and overhauling, the unit started full fledged production in March
Main Objects of the Company
The main objects of the Company as stated in the Memorandum of
Association are as under :
Main objects to be pursued on its incorporation are :
1. To acquire purchase and take over the business of Brakes Auto
(India) now carried on at 7/4 Murai Mohalla, Indore (Factory at
Manglia Gaon, Indore) together with all the assets and liabilities of
the proprietor of that business used in connection therewith or
belonging thereto for consideration either by way of allotment for
share in the Company or partly in one way and partly in other.
2. To carry on business a manufacturers and or dealers in automobile
parts in general, hub drums and brake parts in particular.
3. To carry on business of spare parts and accessories of automobiles
mopeds trucks, lorries, cars, scooters, taxis, rickshaws and all kinds
of vehicles and to establish shops depots, sell, purchase or otherwise
dispose ofspare parts and accessories.
4. To carry on all or any of the business of Automobile dealers
Petrol depots, service stations, Auto garage, Auto hirers, Taxi
owners, flee owners, Transports, Body-builders, tyre dealers Tyre
retrades and dealers in or manufacturers of any other articles or
things of a character similar or analogous to the foregoing or any of
them connected therewith.
-Brakes India's foundry at Sholingur, near Chennai, gets CII's awards
in safety, health and environment.
-Brakes Auto plans a new venture in Chennai & Kolkata.
--Registered Office of the Company has been shifted from 326 - B,
Karim Building, M S Ali Road, Grant Road, Mumbai - 400 007 to 1011,
Embassy Centre, 207, Nariman Point, Mumbai - 400 021