Cummins India

1962
 
 - The Company was incorporated on 17th February, at Pune.  The
 Company
 manufacture internal combustion engines in particular diesel engines
 of
 all sizes and capacities, reciprocating piston engines, gas turbine
 engines, gasoline engines, etc.  The promoters of the Company were
 Kirloskar Oil Engines Ltd., Lakshmanrao Kirloskar Road, Khadki, Pune
 and Cummins Company Inc., Columbus, U.S.A.
 
 - 38,250 shares allotted to Kirloskar Oil Engines, 75,000 shares to
 Cummins Engine Co. Inc., USA and 36,750 shares to the public during
 May
 1962.
 
 1966
 
 - Cummins Diesel Sales and Services (India) Ltd., became a wholly
 owned
 subsidiary of the Company.
 
 1973
 
 - 60,000 Bonus shares issued in prop. 2:5.
 
 1974
 
 - KCL Research and Development, established, is recognised by the
 Department of Science and Technology.
 
 1977
 
 - 7,00,000 - 11% pref. shares offered to the public in May 1976.
 2,10,000 bonus equity shares allotted in prop. 1:1 in Oct. 1976.
 
 1978
 
 - The Company obtained a limited licence for the manufacture of 500
 (Neoplan) buses in collaboration with Gottlob Auwarter GmbH & Co.,
 West
 Germany.
 
 1980
 
 - 2,40,000 bonus equity shares issued during Oct.- Nov. in prop. 
 4:7.
 
 1983
 
 - 6,60,000 Bonus equity shares of Rs 100 each issued in prop. 1:1 in
 Dec.
 
 1986
 
 - The Company proposed to set up a fatigue testing lab.  It had
 developed and field tested dual fuel engines capable of running on
 natural gas and diesel.
 
 - The Auto division designed and developed a low floor, wide bodied
 bus
 based on integral construction technology for use at airports.  The
 bus
 has a capacity to carry 125 passengers.
 
 - Equity shares and unclassified shares sub-divided on 12.12.1986.
 132,00,000 bonus shares issued in prop. 1:1.
 
 1987
 
 - Pref. shares redeemed.
 
 1988
 
 - During the period, manufacturing facilities for luxury and airbus
 were established.  Also, production of hitech import substitution
 components/assemblies commenced.
 
 - The Company undertook a project for the manufacture of mini-power
 station of 1, 2, 5 and 10 mega watta within a period of one year.
 
 - A letter of intent was received for the establishment of a 1,005
 export oriented unit for assembly of internal combustion engines.
 
 - Another letter of intent was received for the manufacture of two
 axle
 on-road and three axle off-road commercial vehicles in the range of
 15
 to 34 tonnes with an annual capacity of 6,000 vehicles.
 
 - The Company entered into a collaboration agreement with RABA
 Hungarian Railway Carriage and Machine Works, Gyor, Hungary.
 
 - The Company, jointly with Cummins Engine Co. Inc., USA, undertook
 to
 set up a project for the manufacture of V-28 engines,
 
 - The Research & Development division developed dual fuel engines,
 6B5.9 marine power packs for fishing trawlers and 12 and 16 cylinder
 gas engines.  Also, import substitution of various components of V
 28
 engines were carried out.
 
 1990
 
 - Authorised capital reclassified.
 
 1991
 
 - The Company received the ISO-9001 certification for quality
 management system approval with respect to design, development,
 production, installation and service of internal combustion engines.
 
 1992
 
 - Technology was being assimilated for flame proof engines.  Also,
 substantial savings in foreign exchange was achieved through major
 indigenisation programme.
 
 - Cummins Engine Co. Inc, USA are the collaborators for the
 manufacture
 of engines.  Holset Engineering Co. Ltd., U.K., are the
 collaborators
 for the manufacture of turbochargers.
 
 - 13,200,000 bonus equity shares issued during 27th Oct. 1994 in
 proportion 1:2.
 
 - Demand in domestic market improved due to the Government's
 liberalization and globalization policy.
 
 1994
 
 - 13,20,000 bonus equity shares issued during 27th Oct. 1994 in
 proportion 1:2.
 
 1996
 
 - A new engine model was introduced in the compressor market.
 
 - By mutual agreement cummins engine company Inc. USA (cummins) and
 Kirloskar Oil Engines Ltd. (KOEL) whose equity participation was 50
 per
 cent and 25.5 percent respectively decided to go independent.
 
 1997
 
 - The Company along with Cummins Engine Company undertook to
 introduce
 two new versions of engine models with high horse power viz. 
 `Quantum'
 engines with a view to increasing the horsepower range to 2,700.
 
 - In the generating set segment, it was proposed to introduce 6 BT
 powered generator set to address the below 100 KVA power generation
 market.
 
 - In recognition of export performance, Engineering Export Promotion
 Council (EEPC) has awarded to the Company `Top Exporters'
 Shield-National in the category of `Consumer Durables Exporters'
 (Non-SSI).
 
 - Jt. Director General of Foreign Trade and Mahratta Chamber of
 Commerce & Industries, Pune have awarded a trophy to the Company for
 export excellence.
 
 - Cummins and KOEL have signed an agreement with regard to their
 future
 equity holding in KCL.  This will enable KOEL to disinvest, subject
 to
 statutory approval.
 
 1998
 
 - Effective September 10, the name of the Company was changed from
 Kirloskar Cummins Ltd. to `Cummins India Ltd.'
 
 - The Cummins Engine Company Inc, USA, is the world's largest
 independent manufacturer of diesel engines above 200 HP and is
 recognized for its expertise in emissions, fuel efficiency and
 electronics.
 
 - Cummins India Ltd., a joint venture since 1962, is the only
 company
 in the country to offer a range of engines in diesel, gas and dual
 fuel
 models, it has produced more than 140,000 engines so far.
 
 - Cummins India Ltd., a 51 per cent subsidiary of Cummins Engine
 Company of US is currently clocking heavy volumes at the Mumbai
 Stock
 Exchange.
 
 - The Pune-based Cummins India Ltd., (CIL), the largest manufacturer
 of
 industrial diesel engines in the country, has entered the 1.5 MW
 segment with the unveiling of its Quantum series of engines.
 
 - Cummins Wartsila, the France-based manufacturer of power engines,
 is
 exploring the possibility of setting up a manufacturing base in the
 country and launching gas-based engines.
 
 - Cummins Wartsila is a 50:50 joint venture between the US-based
 Cummins Engine Company and Wartsila NSD Corporation of Finland. 
 Based
 in France, the joint venture has marketing units in several
 countries.
 
 - Cummins India has also set up a technology centre in Pune.
 
 - Cummins India Ltd. (CIL) is a 51 per cent subsidiary of Cummins
 Engine Co of the US.
 
 - The Company produced 7,710 engines and 39 generating sets.  Also
 introduction of three engines namely NT/NTA 855 Big Cam, KTA 38 and
 QSK
 60.
 
 1999
 
 - Cummins India (CIL) is one of the best MNC-affiliated engineering
 companies in India.
          
 - Cummins India (CIL) was set up in 1962 (formerly Kirloskar Cummins
 Ltd.) Jointly by Cummins Engine Co. Inc., US (CEC), and Kirloskar
 Oil
 Engines Ltd. (KOEL).
 
 - Cummins India, a joint venture with Cummins Engines Co. USA, is a
 major manufacturer of diesel engines with a wide range of engines in
 diesel, gas and dual fuel modes.
 
 - The company has also entered into a 50:50 joint venture with
 Nelson
 Industries Inc, US to manufacture silencers, mufflers and tubing for
 emission control.  This project is being put up at Daman.
 
 - Cummins India, a 51 per cent subsidiary of Cummins Diesel of US,
 is
 the market leader in diesel engines with a overall share of 62 per
 cent.  It manufactures diesel engines in the 60-2700 HP range, and
 faces intense competition from Hindustan Powerplus, L and T, Ashok
 Leyland, Kirloskar Oil Engines, Greaves and a few multinationals.
 
 - The company has recently introduced Quantum services of engines
 with horse power ranging 1200 to 2500 largely for industrial and
 power
 general applications.
 
 - The company introduced a concept called `Recon' service and a
 `float
 stock' for a quicker solution to the engine users.  Under these
 schemes, the company would rebuild the engine under manufacturing
 condition with new parts at 60 per cent of the cost of the new
 engine. 
 
 2000
 
 - Cummins India, has launched e-commerce facility on their web-site
 www.cummins-india.com.
  
 - The Company has introduced the `S series' engines with a
 4-cylinder
 3.8 litre capacity simple lightweight and compact diesel genset in
 the
 30 to 62.5 kva range.
 
 - Cummins India Ltd has collaborated with Tata Engineering to make
 forays into the lower end of the diesel engine market.
 
 - The Board co-opted Mr. J.K. Edwards and Mr. I.M. Barrowman as
 Additional Directors and appointed Mr. Y.S. Joshi as an Alternate
 Director to Mr. M.A. Levett effective from 21st June.
 
 - Cumminds Infotech, a 100 per cent subsidiary of Cummins India, to
 give majority stake in the company to its US parent Cummins Engine
 Company.
 
 - Cummins India Ltd has floated Cummins Infotech Ltd to provide
 e-business and enterprise resource planning solutions for Cummins
 worldwide.
 
 - The Company is all set to foray into the lower-end diesel
 generator
 set market targeting the burgeoning demand from domestic users.
 
 - The Company has set up a new 100 per cent subsidiary, Cummins
 Power
 Solutions India to drive the changes being effected at Cummins India
 Limited and its subsidiaries.
 
 - Cummins India Ltd., the diesel engines major has appointed Mr.
 Pradeep Bhargava as managing director Cummins Power Solutions and
 Chief
 Executive of their power generation business.
 
 2001
 
 - Cummins India, the power solutions company and largest
 manufacturer
 of diesel engines, has introduced a new range of world class product
 and service offerings including branded gensets.
 
 - Mr. R.L. Moore has stepped down as Director of the company with
 effect from March 15.
 
 2002
 
 - The Board of Directors of Cummins India Ltd have proposed to sell,
 lease or otherwise dispose of the undertaking of the Company, viz.
 Plant II.
 
 -Cummins India, the 51 per cent subsidiary of the US-based Cummins
 Inc, has decided to merge two of its profit-making subsidiaries
 Cummins Power Solutions and Power Systems India with itself with
 effect from April 1.
 
 -Vinod Dasari co-opted as an Additional Director of Cummins India.
 
 -Cummins India Ltd has informed BSE that it has acquired 8,10,000
 equity shares of Rs 10/- each fully paid (40.5%) in the shares
 capital of CG Newage Electrical Ltd Ahmednagar (CGNEL) from Crompton
 Greaves Ltd (38%) and Janpath Investments & Holdings Ltd (2.5%).
 
 2003
 
 -Cummins aligns its operations closer to those of the US parent
 Cummins Inc.
 
 -Cummins India has implemented Six sigma to reduce the defect and
 maximise the quality of its business processes.
 
 -Cummins India Ltd has  announced voluntary retirement scheme for its
 Associates, Officers 
 and Mangers.
 
 -Mr.Jim Rugg has resigned for the Director of the company.
 
 -The Board of Directors of Cummins India Ltd have appointed  Mr.Vinod
 Dasari and 
 Mr.Ananth Talaulicar as Joine Managing Directors of the company.
 
 -Cummins India mandated a policy according to which every department
 in the 
 company must have atleast one woman employee.
 
 
 -Dr. John Wall, chief Technical Officer, Cummins Inc., USA, has
 joined the board as an Additional Director. Mr. J. M. Barrowman, Mr.
 S.D. Hires and Mr. Peter McDowell have step down as directors of the
 company effective October 28, 2003, however Mr. J. M. Barrowman and
 Mr. S.D. Hires will be alternate directors to Mr. M.A. Levett and Dr.
 John Wall respectively.
 
 -Ms. Matangi Gowrishankar, Vice President HR and Organisation
 Effectiveness has resigned from the services of the company effective
 December 02, 2003. Consequently, Ms. Gowrishankar has ceased to be
 Compliance Officer of the company. However, Mr. Madan Godse, Vice
 President Legal and Company Secretary continues to be Compliance
 Officer of the Company.
 
 -Cummins tie up with Satyam to hasten operations at CRTI
 
 2004
 
 -Cummins unveils emission compliant N14 series of engines in India
 
 -Cummins India Ltd has informed that the equity shares of the company
 have been delisted from the Pune Stock Exchange wef January 16, 2004.
 
 -Ties up with Cummins Westport Inc, Canada (CWI) for transfer the
 technology to the company for manufacture of new Engine Platform
 called B Gas International (BGI) in the range of 145 to 230 HP.
 
 -Appoints Anant Talaulicar as the managing director of Cummins India
 Area Business Organisation (ABO). Mr Talaulicar will lead 11 Cummins
 companies in India, including Cummins India, Cummins Diesel Sales and
 Service (CDSS), Tata-Cummins, Valvoline India Fleetguard and the
 newly-opened Cummins Research and Technology Institute.
 
 -Cummins India Ltd has elected Mr Anant Talaulicar, Joint Managing
 Director of the Company as Chairman of the Board of Directors.
 
 
 -Diesel Engine and power major Cummins India has appointed Mr Rajiv
 Batra as Chief Financial Officer. Mr Batra will oversee the finance
 function at Cummins India Ltd and the eleven entities of the Cummins
 Group in India