1985 - The Company was Incorporated on 23rd May and was promoted by
R.P. Jagatia, J.P. Goenka, M.P. Kankani. The Company's
is Manufacturing of tubes and tyres. The Certificate for
Commencement of Business was obtained on 28th May.
- Effective 23rd May, name of Vishal Tyres Ltd. was changed to
Pavan Tyres Ltd. Accordingly 2,45,000 No. of equity shares
1987 - Effective from 12th March, Pavan Tyres Ltd. Incorporated on
August, 1984 was amalgamated with the Company the name of
Tyres Ltd. was changed to Pavan Tyres Ltd. As per the scheme
amalgamation, one equity share of Rs.10 each of Vishal Tyres
issued as against one equity share held by the erstwhile
shareholder of Pavan Tyres Ltd. The amalgamation enabled
Tyres Ltd. with ready infrastructure and organisation of a
1991 - To achieve economies of scale, and cost savings, it was
to amalgamate Govand Rubber Ltd. with the Company and the name
the company was changed as Govind Rubber Ltd. effective 1st
As per the scheme of amalgamation, 15,00,000 No. of equity
were allotted to the erstwhile shareholder of Govind Rubber
in prop. 1:1.
1992 - The Company undertook to manufacture new speciality tyres
nylon cord and blending of various rubbers including EPDM in
different colours. The total installed capacity of the
120 lakh tyres and tubes was commenced in two phases, the
in April 1993 and the balance in October 1993.
- The Company proposed to set up export based project at
for manufacture of wheel barrow tyres.
- 70 No. of equity shares subscribed for by signatories to the
Memorandum of Association. 7,49,930 No. of equity shares of
Rs.10 each were issued through a prospectus on August 1995 of
which 2,99,930 shares were reserved and allotted to promoters,
their friends etc. 17,45,000 No. of equity shares allotted on
- Another 15,00,000 shares allotted on amalgamation of Govind
Rubber with Pavan Tyres Ltd. 24,95,000 bonus equity shares
issued in prop. 1:2. During September, the Company issued
24,95,000 right equity shares (prop. 1:1, prem. Rs.90).
- Another 50,000 shares were issued to employees at a premium of
Rs.90 per share and 74,750 to Business Associates at a prem.
Rs.90 per on preferential allotment basis (of these
issue 1,06,650 shares were taken up).
1995 - The production of two-three wheeler tyres was started at
The Company also decided to expand the activity by
LCV, Tractor front and Jeep tyres.
- The Company entered into an agreement with Union Rubber
Industries Ltd., Taiwan for technical know-how, plant
layout etc. The agreement was valid upto 8 years.
- The collaborators were to market 20% of the production from
factory to Europe and USA.
1996 - 95,238 No. of equity shares allotted to Chni Fu Wei and Valk
2003- Issue of equity shares to financial institutions and promoters
in the terms of the CDR Package.
-Registered Office of the Company has been shifted To 418, Creative
Industrial Estate,72, N.M.Joshi Marg, Lower Parel, Mumbai- 400 011