The company was incorporated in during the year 1983 and floated the
 shares to the market in 1988.                                        
                                                                       
                                        
 
 1987-1989 - Mahindra & Mahindra (Tractor division) have already
 placed order for steering linkages engineers from Telco, Eicher
 Motors, Mahindra & Mahindra (Jeep division) have inspected the
 factory for evaluating the capacity to meet their requirements.
 During the year the company received balance amount of Rs. 5 per
 share which increased the issued and paid up capital of the company.
 
 1990-1991 - The products of the Company have been approved and
 accepted by the O E  Manufactures and established in the Replacement
 Market. Supplies of products for the Tractor Industry has been
 received with favourable response and the Company is hopeful of
 continuing to cater to the needs of this segment of the market. The
 company has targeted to meet the demands of heavy commercial and
 passenger vehicles manufacturers in their requirements of Steering
 Linkage and Ball Joints. Necessary testing facilities have been
 developed and installed.
 
 1991-1992 - The company could establish a high precision engineering
 base in the manufacture of Tie Rods and Drag Links to meet the
 demands of four wheeler automobile industry general.
 
 1996-97 - The company has been declared as a Sick Industrial Company
 within the meaning of Clause (o) of Sub Section (1) of Section 3 of
 the Sick Industrial Companies (Special Provisions) Act, 1985 and the
 Revival Scheme approved by 'BIFR' is under implementation.