GEI Engineering Limited was incorporated on 28.12.1993 by conversion
 of an existing partnership firm namely General Engineering Industries
 into joint stock company under Chapter IX of the Companies Act, 1956,
 which was originally formed in 1970 as an ancillary unit of BHEL.
 
 The Company is engaged in machining, fabrication activities and
 specialising in manufacture of Air Cooled Heat Exchangers and Finned
 Tubes.  The Company has a technical tie up with M/s Birwelco, U.K.
 for design and performance guarantee of the products to be
 manufactured by GEI, as per the specific requirements of the clients
 and had secured
 orders from E.I.L., TOYO Engineering Ltd., UHDE KTI and Mangalore
 Refineries and Petroleums Ltd., Davy Power Gas, Chemtex.  It is
 promoted  by Shri. C.E. Fernandes, and Shri. P.L. Mundhra.  The
 company has an existing manufacturing capacity of 500 mt of Heat
 Exchangers and 30,000 mtrs of Finned Tubes.  The Company proposes to
 expand its capacity to manufacture Heat Exchangers to 1200 mt and
 Finned Tubes to 60,000 Mtrs. in Phase I and in the Phase II the
 capacity will be increased to 3000 mt and 1,50,000 mtrs respectively.
  The first phase is already completed and has started commercial
 production w.e.f 1st October, 1994.  The
 implementation of Phase - II is under progress and the Company has
 already started the civil work.
 
 The Company became one of the Partners in a partnership firm called
 Technofab Industries in which Shri. C.E. Fernandes, and Dr.(Mrs.)
 Merlyn Harold, were partners.  The purpose behind the company to
 enter into the partnership was to take benefits of facilities
 available at Technofab
 Industries as it was a sub contracting firm to GEI and having the
 facilities to do fabrication of various parts such as Headers, 'C'
 Frames, Plenam, Chambers, Structure Assembly and also final assembly
 of Coolers.  The Employees, Supervisors and facilities existing there
 were
 precisely suitable for increasing the capacity of GEI Engineering
 Limited.
 
 The figures given below for Technofab Industries were taken from
 audited accounts, however, the assets of the Technofab Industries
 were revalued and a sum of Rs. 15 lacs was added and the same was
 transferred to partners capital account in their profit sharing
 ratio.
 
 The Partners retired from the Partnership as per dissolution deed
 dated 28/9/94, with the result Technofab Industries stood taken over
 by GEI Engg. Ltd., w.e.f. 29/09/94.
 
 The Company has signed the Joint venture Agreement with M/s Hamon
 Industrie Thermique, France for expansion of the existing facilities
 as well as developments of the new products i.e. Heat Recovery
 Equipments and High Frequency Welded Fin Tubes etc.
 
 2003
 
 - The result annual General Meeting :-
 
 1. Delisting of equity shares of the Company from Ahmedabad & Madhya
 Pradesh Stock Exchanges.
 
 2. Increase the Authorised Share Capital from Rs 110 million to Rs
 150 million.
 
 
 2005
 
 -GEI Hamon Industries bagged an order worth US $ 1,070,000 for supply
 of Air Cooled Heat Exchanger from Consolidated Contractors Co. Oman
 LLC (For Oman Refinery)
 
 2007
 
 - Company name has been changed from GEI Hamon Industries Ltd to GEI
 Industrial Systems Ltd.
 
 2009
 
 - GEI Industrial Systems Ltd has appointed Mr. Sanjiv Singhal
 (Nominee of Banyantree Growth Capital LLC {BTGC)) as Additional
 Director of the Company. This Appointment is pursuant to the
 Shareholders Agreement with BTGC.
 
 2010
 
 - GEI Industrial Systems, the heat transfer technology provider, has
 received two orders from the power sector in order to supply air
 cooled steam condensers worth Rs 64 crore.
 
 2011
 
 -Gei Industrial Systems increased its Authorised Capital to Rs.90
 Crores.
 
 -GEI secures four orders worth Rs. 60 crore for supplying Air Cooled
 
 
 -GEI secures orders worth Rs. 450 million for supplying Air Cooled
 Vacuum Steam Condensers
 
 -GEI Industrial Systems Ltd enters into Technical tie-up with Swiss
 Company Innospin.
 
 -GEI Industrial Systems bags order from GAIL
 
 -GEI Industrial Systems bags Rs 37 cr order from NPCIL
 
 2012
 
 -GEI Industrial Systems secures Rs 680 million contracts
 
 -GEI secures turnkey orders from power sector worth Rs. 104 crore
 
 -GEI secures orders worth Rs. 53 crore from IOCL