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Crompton Greaves > Company History > Electric Equipment > Company History of Crompton Greaves - BSE: 500093, NSE: CROMPGREAV
Crompton Greaves
BSE: 500093|NSE: CROMPGREAV|ISIN: INE067A01029|SECTOR: Electric Equipment
Apr 16, 09:28
5 (2.81%)
VOLUME 351,631
Apr 16, 09:28
4.8 (2.69%)
VOLUME 2,424,572
Company History - Crompton Greaves
1937 - The Company was incorporated on 28th April, as a private
 limited company under the name, The Cromption Parkinson (Works) Ltd. 
 The main objects of the Company is manufacture, distribution and
 sales, installation and servicing of electrical and allied
 equipment such as industrial  motors, fractional horse power motors,
 control gear, power and distribution transformers, alternators,
 switchgear, tap changers, etc.
 - The Company also undertakes the manufacture of railway equipments
 as well as electronic equipment and micro processor based systems in
 relation to communication, measurement, testing, automation and
 control, computers and also Research & Development and consultancy
 assignments in the areas of science and technology.
 - The Company has also undertaken manufacture and marketing of
 industrial electronics, consumer electronics, household appliances
 and railway signalling equipment.
 - Greaves Cotton & Cromption Parkinson Ltd., Mumbai a company
 incorporated on 7th June, as a private company with the main objects
 of distribution and sale, installation and servicing of 
 electrical and allied equipment
 1947 - It was a wholly owned subsidiary of Crompton Parkinson Ltd.,
 England during the year.
 1966 - Greaves Cotton & Cromption Parkinson Ltd., Mumbai was
 amalgamated with the Company from 1st January, by an order of the
 Mumbai High Court dated 18th July.
  - After the amalgamation of GCCP, the Company's name was changed on
 2nd August from Cromption Parkinson (Works) Ltd., to Cromption
 Greaves Ltd.
 1975 - The company had only one other technical collaboration
 agreement with Hitachi Ltd., Japan for the manufacture of moulded
 case circuit breakers, which was since expired.
 1978 - It entered into various technical collaboration agreements
 with several renowned manufacturers from U.S.A., U.K., Europe and
 - It entered into technical collaboration agreement with Westinghouse
 Electric Corporation, U.S.A., for the manufacture of 400 KV
 transformers, aluminium wound transformers and high voltage vacuum
 interrupters, with Brush Electricals Ltd., U.K., for alternators,
 with Hawker Siddeley Power Transformers of U.K., for medium range
 on-load tap changers, with Emile Haefely, Switzerland, for current
 and potential transformers and condensor bushings, with Hundt &
 Weber, West Germany, for air circuit  breakers, with Westinghouse
 Brake & Signals, U.K., for signalling relays and mosaic panels with
 Siemens AG, for push button electronic telephone instruments, with
 Hitachi Ltd., Japan, for motors and contractors and relays with
 Mitsubishi Electric Corporation, Japan, for SF6 gas circuit breakers
 with NEI Reyrolle, France, for auto recloser, with Power Conversion
 Inc., U.S.A., for lithium batteries and with Sekar Enterprises,
 U.S.A., for polymer concrete insulation.
 - Pavana Investment Pvt. Ltd., incorporated on 26th April, with an
 equity share capital of Rs 50 lakhs became a wholly owned subsidiary
 of the Company.
 - Hind Condensor Pvt. Ltd., is a wholly owned subsidiary of Pavana
 Investment Pvt. Ltd.  Both Pavana Investment Pvt. Ltd., and Hind
 Condensor Pvt. Ltd., became deemed public companies. 
 - 2,40,000 bonus shares issued in the prop. 1:3.
 1981 - Kerala Electric Lamp Works Ltd. (formerly Toshiba Anand Lamps
 Ltd.,) became a subsidiary of the Company.
 1986 - The Company jointly with the Punjab state Industrial
 Development Corporation Ltd., promoted another company under the name
 Punjab Power Generation Machines Ltd., for the manufacture of hydro
 turbines upto 20 MW in Punjab.
 - The Company promoted jointly with Economic Development Corporation
 of Goa, Daman & Diu Ltd., another company under the name of Goa
 Electricals and Fans Ltd., for the manufacture of ceiling fans in
 1987 - An up-to-date plant for the manufacture of vacuum interrupters
 was commissioned at Aurangabad. 
 - An up-to-date plant for the manufacture of industrial electronic
 items and a project for the manufacture of signalling systems
 commissioned at Nasik and an instrument relays project were
 commissioned at Pithampur.
 - The diversification projects under implementation were fluid
 purifiers at Aurangabad, rural automatic exchange and line
 transmission equipment at Bangalore, transformers and reactors
 at Malanpur near Gwalior, and a software development centre at Mumbai
 and Bangalore.
 - The Company developed and introduced 33 KV SF6 breakers, local
 transformers and hydro generators. 
 - A new R&D laboratory in the field of illumination was added to the
 existing laboratories in the areas of power electronics,
 telecommunication and manufacturing engineering.
 - Goa Telematics Ltd., another company promoted jointly with economic
 Development Corporation of Goa was set up in Goa for the manufacture
 of moderns, data communication terminals, etc.
 - A new company under the name of CG-PPI Adhesive Products Ltd.,
 jointly promoted with Pl Adhesive Products Ltd., Ireland was set up
 in Goa for the manufacture of adhesive tapes for electrical and
 electronics application.
 1988 - The Company developed and introduced supervisory control and
 data acquisition and programmable logical controllers.
 - The Company commissioned under joint venture, plants for the
 manufacture of telematics at Goa and television receivers at
 1989 - The R&D wing progressed in developing and introducing new
 products such as magnetic amplifier transistorised AC drive,
 production line impulse tests, electronic chopper for fork lift 
 truck and energy efficient ceiling fans. 
 - 9,60,000 bonus shares issued in the prop. 1:1.
 1990 - The rural telecommunication unit at Bangalore, the
 transformers unit at Malanpur and M.P. and vacuum fluid purifier
 plant at Aurangabad were commissioned.
 - Fresh Collaboration agreements were entered into with Kato Electric
 Manufacturing Co., Ltd., Japan, for fluid purifiers,        with
 Westinghouse Brake & Signals Holdings Ltd., U.K., for point
 machines and with Hitachi Ltd., Japan for lighting arresters.
 - New products developed and introduced by the R&D wing were new
 telephones such as feature phones, slim-line uniterruptible power
 supply of computers, automatic test systems for motors, MODCMS and
 data communication terminal 12 KV SF6 capacitor switch and MCCR with
 Type C Co-ordination.
 - The adhesive tapes project at Goa and the turbine project at Punjab
 were implemented.  A joint venture company under the name of CG-Teltec
 Ltd., with foreign equity participation was promoted by CG and Teltec
 of Denmark for the manufacture of radio communication equipment at
 - Another joint venture company was promoted under the name of
 CG-Newage Electrical Ltd., with foreign equity participation from
 Newage International Ltd., U.K., for the manufacture of electric
 motors, generators and control systems thereof at Ahmednagar for the
 manufacture of motors and alternators was commissioned in May  1992.
 - Kerala Electric Lamp Works Ltd. (KELW) was amalgamated with the
 company with the effect from 1st April.  In terms of the Scheme of
 Amalgamation, the shareholders of KELW were to be issued 264 No. of
 equity shares of Rs 100 each of the Company in the proportion of one
 share of the Company for every 50 fully paid-up equity shares of Rs
 10 each of KELW.
 1991 - The R&D wing progressed in developing new products such as
 automatic test systems for motors and transformers, impulse test
 systems, high performance polyurethane paint, ESMAP-2P, software for
 FEA of electrical products and computer graphic cards, such as CHROMA
 and an extended range of transistorised microprocessor based AC
 - During February/March, the Company offered 6,40,000-12.5% secured
 fully convertible debentures of Rs 475 each on Rights basis in the
 proportion 1 debentures: 3 equity shares held (all were taken up). 
 Simultaneously another 32,000-12.5% debentures were offered to the
 employees' on an equitable basis (all were taken up). 
 - Each debenture was compulsorily and automatically converted into 1
 equity share of Rs 100 each at a premium of Rs 375 per share on 1st
 August, 1992.  Accordingly, 6,72,000 No. of equity shares  were
 allotted.  13,11,216 Rights equity shares (prem. Rs 700; prop. 1:2)
 allotted on 19.3.1993.
 - 264 No. of Equity shares allotted pursuant to a Scheme of
 1992 - A joint venture project for manufacture of electric meters at
 Gurgaon and Company's plant for manufacture of lithium batteries at
 Goa were commissioned.
 - The R&D unit developed new products like DC/AC current sensor and
 mixed dielectric insulation system for 220 KV coupling capacitors.
 1993 - A joint venture projects for manufacture micro motors at EPZ,
 Chennai and another for manufacture of solid state energy meters at
 Gurgaon, Haryana were commissioned.  The joint venture unit for
 electronic battery chargers, a 100% export oriented unit at Chennai,
 was launched.
 - The R&D unit introduced new products like AC drives, static
 convertors, brushless DC motors, SF6 capacitor switch, inverters for
 railway applications, impregnating resins, furnace control 
 systems, auto synchronising units, GPIB controller/GPIB instruments,
 industrial control display and monitoring software design automation
 and automatic test systems.
 - During January/February the Company offered 12,96,132 No. of equity
 shares of Rs 100 each at a premium of Rs 700 per share on Rights basis
 in the proportion 1:2 (all were taken up).
 - Another 64,807 No. of equity shares of Rs 100 each were offered to
 the employees' at a premium of Rs 700 per share on an equitable basis
 (only 15,084 shares taken up).  Unsubscribed portion of 49,273 shares
 was allowed to lapse. 
 - The Company proposed to issue equity shares/convertible
 bonds/dispository receipts upto the value of US  million or Rupee
 equivalent thereof through International offering and/or
 private placement with Foreign Financial Institutions.
 1994 - A joint venture project for manufacture of medium voltage ring
 main units at Nasik was commissioned.  The Stampings factory at Mumbai
 launched the non silicon range of electrical steel stampings.
 - The Company submitted its bid to DOT for provision of cellular
 services in seven circles in association with Millicons of
 - A Company CG Communication Pvt. Ltd., was promoted to provide
 cellular mobile telephone services in the telecom services in India.
 - The Company undertook to invest 60% in CG Graphnet Pvt. Ltd., a
 Company formed for selling up a network for offering a diverse range
 of data and message handling services like E-Mail, Enhanced fax and
 other value added services. 
 - It was also proposed to invest upto 40.5% in the share capital of
 Skycell Communications Pvt. Ltd., a company formed for providing
 cellular communication services.
 - The Company has established a well equipped electricals (LV) and an
 electronics laboratory at its Kanjur Complex, an engineering
 laboratory and an EHV laboratory at Ambad, Nasik and an  illumination
 engineering laboratory at Worli.
 - The Central R&D Laboratory set up at Kanjur is also recognised by
 the Department of Science & Technology of the Government of India.
 - New products such as electronic speed governor for hydel and steam
 turbines, Co-generation packages for the sugar industry for own use
 and to feed any surplus power into the grid, solid state inter
 locking for railway yards, block multiplexes for date communication
 for railway signalling, upgradation of soft stenters and transformer
 technology absorption of AVS controller
 from Powertec, USA, microprocessor based trip relay controllers for
 air circuit breakers and micro processor based test measuring
 instruments were developed and introduced.
 - 52,50,000 of Rs 10 each at a premium of Rs 200 per share allotted
 on private placement basis to FIIs.
 1995 - A modern transformer factory with the latest manufacturing
 equipment was set up at Bhopal with a present installed capacity of
 5000 MVA per annum and capable of undertaking manufacture of 8000 KV
 or HDVC transformers in future.
 - The transformer division also developed a 290 MVA, 220 KV class, 3
 phase generator transformer, the largest 3 phase 220 KV class
 generator transformer in India.
 - Hind Condensor Ltd., Goa Telematics Ltd. (GTL) and Northern Digital
 Exchanges Ltd. (NODE) were amalgamated with the Company.
 - The Company issued and allotted 11,06,440 shares and 2,893 shares
 to the shareholders of erstwhile NODE and GTL respectively.
 1996 - The Company was restructured in four main business group viz. 
 Power system, Industrial system, consumer products and Digital
 toensure enhanced focus and effectiveness.
 - Indocom Industries Ltd., a 100% subsidiary of the company and
 Lumino Lamps Ltd. were amalgamated with the Company.  Consequent to
 the amalgation 31,366 shares were issued to the shareholders of
 erstwhile Lumino Lamps Ltd.
 - The Company accessed the international capital market with an issue
 of US  million which was fully subscribed at Rs 265 per GDR.  To
 this issue, 66,13,750 GDRs and an equal number of underlying equity
 shares of Rs 10 each were allotted.
 1997 - 2,49,343-14% secured non-convertible debentures Rs 100 each
 issued on private placement basis are redeemable at a premium of  5%
 on 15th July.
 - The 10,00,000-19% secured redeemable non-convertible debenture of
 Rs 100 each redeemable at 5% in 3 equity instalments starting from
 the end of 6th year from the May 1992 the date of allotment.
 - The Kersons Manufacturing Company of India Ltd. (Kersons) and Goa
 Electricals and Fans Ltd. (GEFL) were amalgamated with the Company. 
 Consequent to the amalgamation the company issued  1,11,030 and 4,792
 shares to the shareholders of erstwhile GEFL and Kersons
 - Crompton Greaves, a Thapar group company, has formed a joint
 venture with ELIN Energieversorgung (ELIN) of Austria to manufacture
 gas and steam turbine driven generators, up to 45 MVA capacity, and
 hydel generators.
 - Crompton Greaves Ltd., one of India's largest private sector
 enterprises in electrical engineering, has opened its Energy
 Conservation Cell at Chennai, New Delhi, Mumbai and Calcutta to help
 customers take on the soaring fuel prices.
 - The 50:50 joint venture between Thapar group company Crompton
 Greaves and Elin, Cg Elin power systems, would come up in Mandideep
 near Bhopal.
 - Crompton Greaves Power Systems group, one of the four divisions of
 Crompton Greaves Ltd (CGL), has signed an MoU with Allied Signal
 Amorphous Metals to develop amorphous metal transformers for the
 Indian and export markets.
 - N E C  Corporation has formation of a joint venture with India's
 Crompton Greaves Ltd, in Bangalore to manufacture microwave telecom
 systems, turning out such gadgets as very small aperture terminals
 and synchronous digital hierarchy microwave systems.
 - Crompton will provide the technical knowhow and management support
 to the joint venture for which it will be paid fee and royalty on
 - Goa Electricals and Fans Ltd. (GEFL), a joint sector company
 promoted by the Economic Development Corporation of Goa (EDC) and
 Crompton Greaves Ltd. (CGL), is to be amalgamated with CGL under the
 provisions of the Sick Industrial Companies (Special
 Provision) Act, 1985.
 - Crompton Greeves-Powerware, the 49:51 joint venture between
 Crompton Greaves (CG) and the US-based Exide Electronics for the
 manufacture of UPS systems, will unveil its range of large UPS
 systems, in the 40-150 KVA range, in October.
 - Crompton Greaves is joining hands with the  billion NEC of Japan
 to set up a joint venture for the manufacture of microwave radio
 - The US$ 800 million Austrian company Elin is in talks with Crompton
 Greaves to set up new joint venture company in the power transmission
 and distribution sector.
 1998 - CGL has recently forged an alliance with Link Middle East Ltd.
 (LMEL) to form a 40:60 joint venture company, initially for the
 manufacture of medium voltage vacuum switchgear at Dubai.
 - Crompton Greaves in collaboration with Allied Electrical of the US
 will soon commence commercial production of newly developed
 transformer of higher rating.
 - CGPL became a wholly-owned subsidiary of CGL after the transfer of
 110,000 equity shares held by Tamil Nadu Industrial Development
 Corporation to CGL in May.
 - Investment Information & Credit Rating Agency (ICRA) has assigned
 an A1 rating to the Rs.150-crore short-term debt programme of
 Crompton Greaves Ltd (CGL).  The rating indicates highest safety.
 1999 - PPGML, a company promoted by CGL and PSDIC in 1985 in
 technical collaboration with Germany based Voest Alpine and Kossler,
 has facilities for manufacture of hydro-turbines upto 120 MW at
 Channo, Punjab.
 - Crompton Greaves Ltd. that they have signed an MoU with Israel
 based Tadiran Telecommunications Ltd., for marketing and servicing
 Tadiran's Coral range of telecommunication product in the Indian
 - Crompton Greaves Ltd. (CGL) has entered into a technical
 collaboration with Allied Signal Inc. for manufacturing Amorphous
 Metal Transformers (AMT).
 - The company has also signed a four-year wage settlement with its
 employees at Nahsik and Satpur.
 2000 - The Company has entered into an agreement with
 BhartiTeleventures Ltd., for the sale of its 40.5% shareholding in
 Skycell Communications Ltd. for a sum of approx. Rs 95 crores based
 on the enterprise value.
 - Gautam Thapar Managing director of Ballarpur Industries has joined
 Karan Thapar as Director in Crompton Greaves.
 - The informatics division of Crompton Greaves has tied up with
 Remedy Corporation for consultation, implementation and training of
 eCRM and eBusiness infrastructure solutions in India.
 - The Company has signed an agreement with French company Schneider
 Electric for selling its low tension control gear business located in
 Nasik in Maharashtra.
 - The Company has entered into an agreement for sale of its
 LowTension Control Gear division located at Satpur, Nashik to
 Schneider Electric India Ltd for approximately Rs 76 crore.
 - The Company has hived off its joint venture subsidiary, Skycell
 Communication Ltd., for a total sale consideration of Rs 124crore.
 - The Company has introduced two new fan models called Gothica and
 2001 - The Company which launched indiawomenpower.com, a women
 specific portal, launched a portal on tenders called
 - CG-Digital, a business unit of Crompton Greaves, has launched a new
 range of digital and KTS/EPABX systems to suit varying needs of
 - The Company currently holds 30,99,993 No. of equity shares of Rs 10
 each in the share capital of CG Igarashi Motors Ltd. and 1,91,978
 No.of equity shares of Rs 100 each of the share capital of CTR
 Manufacturing Industries Ltd. 
 - The Company has proposed to transfer its shareholdings in CG
 Igarashi Motors and
 CTR Manufacturing Industries to its 100 per cent subsidiary, CG
 Capital & Investments.
 2001 -  IN a bid to reduce its manufacturing costs, LM Thapar Group
 company Crompton Greaves
               has begun importing electrical components from Chinese
 manufacturers for its consumer
               products division.
 -Crompton Greaves Ltd has informed  that Mr S D Crowther has
 relinquished his Directorship from the Board of Directors of the
 company wef February 01, 2002.
 -Crompton Greaves Ltd has informed BSE that the Company has divested
 its shareholding of 38% in CG Newage Electrical Ltd to Cummins India
 Ltd at a price of Rs 220.50 per share.
  - Appointment of Mr S Labroo as an Additional Director.
 -Solaris Chemtech Ltd has increased its holding in this company  to
 12.65 per cent after it acquired 9,50,000 shares from Greaves Ltd.
 -The company has got approval  for capital restructuring-according to
 which  Rs 1520 million be utilised for adjustment against the balances
 in the following accounts as at March 31, 2003 and
 accretions/variations thereto during the period April 1, 2003 to July
 31, 2003
 1. Miscellaneous Expenditure (to the extent not written off or
 2. Deferred Tax Asset and 
 3. Debit Balance in the Profit and Loss Account.
 - Delisting of shares from Madras Stock Exchange.
 -Crompton Greaves Ltd has informed that the BoD at its meeting held
 today (July 22, 2004), the Board approved the following changes in
 the company's BoD: Appointment of Gautam Thapar as
 Chairman.Resignation of Mr KK Nohria as a Director.Both the above
 changes are effective from the conclusion of the AGM scheduled to be
 held on July 22, 2004
 -Crompton Greaves - Hitachi CG Motor Engg becomes a subsidiary of the
 -Crompton Greaves Board declares Interim Dividend
 -Crompton Greaves keen on acquisitions in industrial systems
 --Crompton picking up stake in Belgian firm
 -Crompton Greaves picks up Hungarian firms
 -Crompton Greaves to acquire stake in MCPPL
 -Crompton Greaves to establish in MP
 -Crompton Greaves has given the Bonus in the Ratio of 2:5
 -Crompton Greaves forays into power distribution
 -CG to take over electricity supply in Nagpur, the second capital of
 Maharashtra, from January 2008.
 -Crompton Greaves takes over French firm
 -Crompton Greaves joins hand with Dutch company
 -Crompton Greaves to acquire MSE Power Systems and its group
 - CG Wins Best Product Award & Certificate of Appreciation at
 Elecrama 2008 - 22/01/08 
 -Crompton Greaves Ltd has bagged the prestigious GREENTECH GOLD AWARD
 2007 in the Engineering Sector. This award is for Environmental
 Management systems for Green Products and Process Technologies
 developed at CG
 -Acquisition of Sonomatra in France
 -CGL becomes the 1st Indian Company to make 1200 kV Power Product
 (CVT). -- (21/01/09)
 - Crompton Greaves gets the Golden Peacock Innovative Product /
 Service Award-2008 -- (21/01/09)
 - Crompton Greaves Ltd has appointed Mr. Suresh Prabhu as an
 Additional Director of the Company with immediate effect.
 - Crompton Greaves Ltd has entered into a Joint Venture Agreement
 with ZIV Aplicaciones y Tecnologia, S.L (ZIV)., headquartered in
 Spain, for establishing a Joint Venture Company in India, for the
 manufacture of Substation Automation Systems for Substations in EHV
 and UHV range, including protective relays, differential relays, bay
 control units, bus-bar systems, substation units, etc
 -Crompton Greaves has given the Bonus in the Ratio of 3:4
 - Company has been awarded a contract as franchisee of Maharashtra
 State Electricity Distribution Company Ltd. for power distribution in
 Jalgaon Circle in Maharashtra for a period of 10 Years.
 - CG acquires New Jersey based QEI Inc.
 - Crompton Greaves Ltd acquires Sweden based Emotron Group.
 - Greaves sets up Light Engines Unit V at Aurangabad.
 - Crompton Greaves Acquires leader in smart Grid Automation : ZIV
 - Crompton Greaves establishes new JIT manufacturing facility in
 - Greaves crosses three million mark in light diesel engines.
Source : Dion Global Solutions Limited
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