SENSEX NIFTY
Lumax Industries > Company History > Auto Ancillaries > Company History of Lumax Industries - BSE: 517206, NSE: LUMAXIND
YOU ARE HERE > MONEYCONTROL > MARKETS > AUTO ANCILLARIES > COMPANY BACKGROUND - Lumax Industries
Lumax Industries
BSE: 517206|NSE: LUMAXIND|ISIN: INE162B01018|SECTOR: Auto Ancillaries
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Oct 30, 17:00
355.65
-10.5 (-2.87%)
VOLUME 1,993
LIVE
NSE
Oct 30, 17:00
357.65
-6.85 (-1.88%)
VOLUME 9,005
Company History - Lumax Industries
YEAR                       EVENTS
 1981 - The Company was incorporated on 10th December, in New Delhi
 and
        converted into a public limited company on 26th March, 1984. 
 The
        Company manufacture of whole range of lighting equipment
        including head lights, fog lights, sealed beams, rear lights,
        blinker lights, rear view, mirrors, sheet metal components and
 a
        wide range of auto ancillaries such as filters, switchers,
 wiper
        arms/blades, plastic components & reflex reflectors.
 
      - The company entered into a foreign collaboration with Stanley
        Electric Ltd (Japan) for acquiring rights & licence to
        manufacture & sell lighting equipment under SECL's patents.
 
      - The Company had obtained DGTD registration to manufacture
        additional 10,00,000 head lights for automobiles at
 Faridabad.
        It was also proposed to taken up modernisation of the New
 Delhi
        and Pune units.
 
      - 22,000 shares taken up by promoters, directors, etc. 1,000
        shares allotted without payment in cash.
 
 1984 - Shares fully paid-up.  1,49,500 bonus shares issued in prop.
        13:20 on 3-1-1985.  5,70,000 No. of equity shares of Rs 10
 each
        (prem. Rs.1) offered to the public in February 1985.
 
 1991 - The Laser Lamps (Haryana) Ltd., became a subsidiary of the
        Company.
 
      - 9,49,500 bonus shares issued in prop. 1:1 on 5-4-1991.
 
 1993 - The Laser (Haryana) Ltd. Promoted by the Company made its
 first 
        public issue in January.
 
      - The Company was advised to change the scheme of funding the
        proposed expansion and modernisation programme in view of the
        changed scenario in the capital market.
 
      - The Company undertook an expansion cum modernisation programme
 of
        the existing plants.
 
      - The Company jointly with Haryana State Industrial Development
        Corporation (HSIDC) promoted a new company under the name and
        style Laser Lamps (Haryana) Ltd., for the manufacture of auto
        bulbs and head lights in Gurgaon district.
 
 1994 - The Company entered into an agreement with M/s. Stanley
 Electric
        Co. Ltd., Japan.  As per this agreement M/s. Stanley & its
        subsidiary were allotted 7,50,000 No. of equity shares at a
        premium of Rs 64 per share.
 
 1995 - The Company are happy to inform that the Gurgaon plant of the
        Company has received ISO 9002 Certification for having
        established quality system for Automotive Lighting Equipments
 and
        Roar View Mirrors.  The Company is one of the first in India
 in
        getting this coveted certification in Auto Ancillary Industry.
 
 
 1996 - The Company proposed to build a state-of-the-art
 manufacturing
        facility at Dharuhera, Haryana to tap the emerging market of
 the
        new generation vehicles to be launched in India.  The company
 set
        up a new plant at Aurangabad.
 
      - The Company proposed to enter joint ventures and/or technical
        collaboration agreements with world leaders in each field. 
 It
        also proposed to diversify into manufacture of components
        related to its existing range.
 
 1997 - Lumax Industries, the largest manufacturer of illuminating
        automotive parts in the country, has firmed-up three joint
        ventures and a technical agreement as a part of its
        diversification plan.
 
      - Lumax industries has entered into a tie-up with Hyundai of
 Korea
        to set up a 49:51 joint venture for manufacture of lighting
        systems.
 
      - Lumax is setting up a Rs.30-crore greenfield unit at
 Dharuhera
        to produce lighting systems for new generation cars like Uno,
        Maruti 800CC, Telco's Safari and Mini car and Kinetic Honda.
 
 1998 - The Company issued 7,50,000 Equity Shares of Rs. 10/- each
 fully
        paid up to the Collaborators of the company, M/s Stanley
 Electric
        Co. Ltd., Japan.
 
      - Lumax Industries Ltd is offering its Japanese collaborator
        Stanley Electric Company, an additional two and a half lakh
        equity shares on a preferential basis to help maintain its
        holding at 20 per cent.
 
 1999 - Lumax Industries has diluted its stake in its auto component
        joint venture with Hyundai Corporation and Samlip Industrial
 Co
        of Korea by 15 per cent owing to liquidity problems.
 
      - The company has promoted two Joint Venture Companies with
 foreign
        collaboration, namely Lumax Samlip Industries Limited (other
        Promoters being Samlip Industrial Co. Ltd. and Hyundai
        Corporation, Korea) and Lumax GHSP Industries Ltd (other
 promoter
        being M/s GHSP, USA).
 
 2000 - Samlip Industrial Co, South Korea has hiked its equity stake
 in
        its Indian joint venture, Lumax Samlip Industries, from the
        present 45 per cent to 63 per cent.
 
      - Lumax Industries has entered into a technical agreement with
        Poong Jeong Industrial Company, a large supplier of such
 mirrors
        for Hyundai in Korea.
 
      - The Company issue equity shares not exceeding 25 lakhs of Rs.
 10
        each on preferential basis to FIs/ FIIs/ collaborators
 customers
        and other Indian/overseas body corproates etc. out of which
        12,19,500 equity shares of Rs. 10 each is for subscription to
        IL&FS Trust Company Ltd.
 
 2003 - Executive Directors have resigned from the Board and their
 resignation have been accepted in the Board Meeting. 1) Mr. U K Jain,
 Executive Director (Indian Promoter Director); 2) Mr. S Watanabe,
 Executive Director (Foreign Promoter Director).
 
 2004
 
 - ISO 14001 Certification for Gurgaon, Dharuhera and Chennai Plants
 by DNV . De-merger - Core Lighting Technology.
 
 -Mr. D K Jain, Vice Chairman & Mg. Director has been appointed as
 Chairman & Mg. Director of the company.
 
 - Mr. Hiroshi Kanazawa has been appointed as Director.
 
 -Mr. Anmol Jain has been appointed as Executive  Director.
 
 2005
 
 - Manufacturing unit became functional at Chakan (Near Pune)
 
 -The company has recommended a Dividend of 30% (Rs 3/- per share).
 
 - Mr. P S Dubey as Nominee Director.
 
 2006
 
 -The company has re-appointed Mr Deepak Jain has Executive Director.
 
 -The company has recommended a dividend of 35% (Rs 3.50 per share of
 Rs 10 each).
 
 -Mr. A Nakamura has been appointed as Director.
 
 2007
 
 -The company has recommended a Dividend of 45% (Rs 4.50 per Equity
 Share).
 
 -Registered Office of the Company has been shifted From 2nd Floor,
 Harbans Bhawan - II, Nangalraya Business Centre, New Delhi - 110 046
 To B-86, Mayapuri Industrial Area, Phase - I, New Delhi - 110064
 
 2008
 
 - Plant setup in Pantnagar, Uttarakhand for Tata motors and Extension
 of Dharuhera and Chakan Plant.
 
 -The company recommended a Dividend of 40% (Rs 4/- Per Equity
 share).
 
 -The Company has completed setting up of its Greenfield Project in
 Pantanagar-Uttarakhand for supplies of Automotive Lighting to TATA
 Motors.
 
 2010
 
 -The Company has commenced commercial production Greenfield Plant in
 Haridwar, (Uttarakhand) for manufacturing of Lighting Components.
 
 -The company has recommended a Dividend of 30% (Rs. 3.00 per Equity
 Share).
 
 2011
 
 -The company has recommended a Dividend of 60% (Rs. 6.00 per Equity
 Share)
 
 -The Company has completed setting new Plants in Bawal, Sanand and
 Bidadi.
Source : Dion Global Solutions Limited
Quick Links for Lumax Industries
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.