The company was incorporated on 6th May , 1987. It was promoted
by Shri K.S. Shriram and Associates in the Private Sector with
project finance assistance from IDBI, ICICI, and IFCI.
The company has set up a project for the manufacture of high
precision co ordinate measuring machines and machine tools. The
licensed capacity of the project is 200 Nos. of 3 co-ordinate
Measuring Machines , 200 Nos. of layout measuring Machines and
300 Nos. of HOrizontal surface Grinding Machines.
The company has entered into Technical know-how arrangement with M/s
Digital Electronic Automation S.P.A Italy , M/s Manufacture
D' out illage, France, and M/s Guesepp Rastelli, s.p.a Italy .
The project cost estimated at Rs.1037 lakhs was financed
through Equity Capital of Rs.397 lakhs and Term Loans from
Institutions for Rs.640 lakhs. The project is located at
Tiruvindravur Chingai - Anna District Tamil Nadu, on a land
measuring approximately 6 acres. The accounting year has since
been changed from 31 December to 31st march.
The company manufactures co-ordinate measuring machines and