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| Company History - Gremach CNC | |
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 Francaise 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 Machines Tools. | |
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| Source : Dion Global Solutions Limited | |
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