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Siemens
BSE: 500550|NSE: SIEMENS|ISIN: INE003A01024|SECTOR: Infrastructure - General
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Company History - Siemens
1957
 
 - The Company was incorported on 2nd March, as a private limited
 company under the name Siemens Engineering and Manufacturing Company
 of India Private Limited.
 
 - The Company Manufacture switchboards, switch gear, different types
 of motors upto 315 KW, assembly of railway signaling equipment, X-ray
 and other electromedical equipment, installation, testing and
 commissioning of electrical plant and equipment undertaking repair
 work of motors, generators, transformers, calorific and measuring
 instruments, certain household appliances and marine electrical
 equipment and selling of products manufactured by the Company as well
 as those of its licensees.
 
 - On 23rd March, the Company entered into a collaboration agreement
 with two foreign companies, viz., Siemens & Halske AG and
 Siemens-Schuckertwerke AG of West Germany.
 
 - By an agreement dated 7th May, the Company took over with effect
 from 1st April, all the assets and liabilities of the then existing
 Siemens Department of Protos Engineering Company private Limited as a
 going concern.
 
 - When the company was incorporated at its repair shop, switchboard
 manufacture was being carried on at Worli, Mumbai.
 
 1959
 
 - The Company acquired at Calcutta a godown-cum-workshop for
 repairing electrical equipment.  The Company undertook the
 manufacture of H.T. & L.T. switchboards, control boards and panels,
 etc., at this workshop.
 
 1961
 
 - The Company took over the East Asiatic Siemens-Reiniger-Werke AG as
 a going concern with the corresponding assets and liabilities.
 
 - 500 shares allotted without payment in cash.  3,500 shares issued
 to promoters, directors, etc.
 
 1962
 
 - 1,000 No. of equity shares issued without payment in cash.
 
 1965
 
 - 7,000 No. of Equity shares issued - 3,770 to Siemens AG of West
 Germany.  3,230 to other members.
 
 1966
 
 - On 1st October, the name of the Siemens & Halske AG was changed to
 Siemens AG and at the same time, it took over the manufacturing and
 business activities of Siemens-Schuckertswerke AG and
 Siemens-Reiniger-Werke AG, all the 6,120 No. of equity shares held by
 them in the capital of the Company were transferred to Siemens Asia
 Investments AG of Zurich, Switzerland, which was a wholly owned
 subsidiary of Siemens Ag.
 
 1967
 
 - The name of the Company was changed from Siemens Engineering &
 Manufacturing Co. of India Ltd., to Siemens India Ltd., with effect
 from 23rd October.  The name of the company again changed from
 Siemens India Ltd., to Siemens Ltd., with effect from 31st March,
 1987.
 
 1970
 
 - Siemens-Reiniger-Werke AG and Siemens-Schuckertwerke AG were merged
 with Siemens AG on 10th July and 30th July, respectively.
 
 - Shares sub-divided.  12,00,000 shares issued at par in March 1971:
 6,00,000 shares allotted to Siemens Asia Investment AG and 6,00,000
 shares offered to public.
 
 1974
 
 - 24,00,000 Bonus shares issued in prop. 1:1.
 
 1976
 
 - 24,00,000 Bonus shares issued in prop. 1:2.
 
 1981
 
 - The Company offered for public subscription 5,00,000 - 13.5% second
 debentures of Rs 100 each during May.  These debentures are redeemable
 during October 1992.
 
 - The Company also issued 4,00,000 - 14% third debentures of Rs 100
 each which are redeemable in three equal instalments on 6th, 7th, 8th
 year from 13th June, 1991, at premium of 5% payable during second
 installment.
 
 - 36,00,000 Bonus shares issued in prop. 1:2.
 
 1985
 
 - A new company under the name of Siemen Communication Systems Pvt.
 Ltd., was incorporated as a subsidiary of the Company to undertake
 the manufacture of certain items of Telecommunication equipment for
 export purposes.  Siemens Telecom Ltd. is another subsidiary of the
 Company.
 
 1986
 
 - 27,00,000 Bonus Equity shares in prop. 1:4 and allotted on
 5.6.1987. 74,38,800 No. of equity shares then issued (prem. Rs 30 per
 share) as follows:
 
 - (i) 67,50,000 shares as rights in prop. 1:2 (only 65,29,497 shares
 taken);
 
 - (ii) 3,37,512 shares to employees (all were taken up) and
 
 - (iii) 3,51,288 shares to Siemens AG, West Germany other than as
 rights to maintain their equity holding at 51%.  49,703 additional
 shares allotted to employees out of the unsubscribed rights quota to
 retain oversubscription.  All these 72,68,000 shares allotted on
 1.10.1987.
 
 1987
 
 - The Medical Engineering division installed five kidney stone
 crushers units known as `Lithostar' and a number of biplane
 angiograph equipments and a Gamma camera.
 
 - The Company introduced for the first time automatic warning systems
 for the Indian Railways.  The Company developed low tension switchgear
 equipment compatible with electronic circuits.
 
 - A software centre was established at the head office in Mumbai to
 cater to the software package requirements of the control and
 automation systems and also to tap the export market. 
 
 1988
 
 - Examination tables with new 800 MA high frequency generators
 coupled with image intensifier television systems were introduced in
 the market.  The Company installed two more magnetic resonance
 units.
 
 - The drives and projects division introduced in the market a new
 range of microprocessor-based digital D.C. Drives and energy
 optimizing A.C. Drives.
 
 - The Medical Engineering division secured an order for the
 installation of all imaging equipments in the Manipal group of
 hospitals at Bangalore, Manipal and Mangalore.
 
 - The Company issued 4,00,000 - 14% fourth debentures of Rs 100 each
 which are redeemable in one lot at a premium of 15% on 13th December,
 1996.
 
 1990
 
 - The Company undertook a project to set up a plant at Waluj in
 Aurangabad district of Maharashtra for the manufacture of switch
 gears and miniature circuit breakers.
 
 - The Company proposed to set up a factory at Saltlec, Calcutta, for
 manufacture of public switching systems.  The Company also proposed
 to manufacture Transmission equipments.
 
 1991
 
 - The new series of the state-of-the-art-technology contractors and
 bi-relays were being introduced by the Switchgear division at the
 Kalwa Works.
 
 - The Motors, drives and automation division launched the
 microprocessor based and modular drives for machine tools and compact
 controllers.  To protect the functioning of vital equipment in various
 industries, the division proposed to launch microprocessor based
 Digitalised Uninterruptible Power Supply Systems (UPS) - the Siemens
 System 42.
 
 - The Medical engineering division launched a mobile C-arm image
 intensifier system, saving valuable foreign exchange.
 
 - The motors, drives and automation division launched the
 microprocessor based modular drives for AC and DC applications,
 microprocessor based digital uninterrupted power supply and micro PLC
 Simatic 90U.
 
 - To enhance non-conventional sources of energy generation, the
 Company developed and supplied 250 KW windmill generators.
 
 - The Medical Engineering division introduced a low cost mid-tier
 whole body scanner SOMATOMARC and a low field permanent magnet MRI
 system MAGNETOM p8.  Also, developed a high frequency mobile X-ray
 Unit. 
 
 - WTL, undertook to manufacture Rural Automatic Exchange (RAX) in
 Calcutta with technology from C-Dot.
 
 - The name of Siemen Communication Systems Pvt. Ltd. was changed to
 Siemens Information Systems, Ltd.
 
 1993
 
 - The Software centre (Siemens Communication Software Ltd.) would be
 part of global R&D Centre for the Public Communication Network
 Division of Siemens AG, Germany.  The Nashik works was selected as
 the global manufacturing base for SIPART DR20 Digital Controller.
 
 - In order to meet-stringent control requirements of chemical and
 petro-chemical industries, the Company introduced State-of-the-art
 advanced process control system at Nashik.
 
 - The Company issued 69,22,666 No. of equity shares of Rs 10 each at
 a premium of Rs 125 per share on Rights basis in the proportion of
 1:3. All were taken up.
 
 - Another 3,46,104 No. of equity shares of Rs 10 each at a premium of
 Rs 125 per share were offered to the employees, etc. of the company
 and its Associate Companies.  All were taken up.
 
 - The Company issued 3,60,230 additional equity shares of Rs 10 each
 at a premium of Rs 125 per share to Siemens AG to maintain their 51%
 shareholding in the Company after the rights issued and issue to
 employees.
 
 - 76,29,000 shares issued as rights equity shares.
 
 1994
 
 - The automation system division launched new products viz.  Simatic
 S5-1154 a mid range hot standby PLC, the LS/Coros B WIN a windows
 system.
 
 - The components division introduced new products such as same
 filters, film capacitors, ferrites into the entertainment field.
 
 - The motors, drives and UPS systems division introduced Smallex UPS
 (upto 5 KVA), single phase and mid range of UPS (upto 30 KVA three
 phase input and single phase output, a state-of-the-art and very
 compact drive micromaster to serve the entire market of drives and
 UPS
 in low voltage areas.
 
 - The Medical Engineering division introduced a new mobile high
 frequency X-ray unit with Digital Technology SIMOX-D.  The division
 was the first to introduce the heart catherisation equipment. 
 
 - The Company added a sophisticated flow solder machine and upgraded
 the test set up incorporating a number of automatic testing stations
 at Nasik.  Also an enterprise wide IT system, the SAPR/3 was
 introduced.
 
 - The Company through a joint venture with International Ferrites
 Ltd. with ACC, Siemens.  Metsushita components GmbH & Co. KG and
 WEBEL proposed to manufacture soft ferrites in which the Company
 would be 10% equity partners in this project located at Kalyani.
 
 - The Company entered into a MOU with M/s. Asia Chip Card, Singapore
 and Semiconductor Corp. Ltd. to enter the smart card business.
 
 1995
 
 - The Automation system division introduced SITRANS range of
 transmitters, SIMATIC Pcs distributed Contrl Systems (DCS) and the
 OXYMAT/ULTRAMAT range of gas analysis.
 
 - The motors, drives and UPS Systems division introduced the latest
 generation of both AC & DC drives.
 
 - The private communciation systems division introduced in India the
 latest version of Siemens AG private exchanges.  The division
 introduced HICOM 100 KTS a fully digitized and ISDN telesystem.
 
 - The Railway and Transport System Division proposed to introduce 3 -
 phase drive packages for diesel electric locomotives.  The switch gear
 division commissioned SAPR3.  New products such as high technology
 feature-packed, state-of-the-art equipments and systems i.e. large
 digital EPABXs microwave transreceivers, optical fibre cables and
 access products.
 
 - Efforts were made to introduce new products and technologies such
 as wireless and fibre in subscriber loop, SDH ATM for long distance
 transmission network.
 
 - The Company's R&D unit developed mobile C-arm X-ray unit with high
 resolution image intensifier system type `Optimobile D' process
 controller SIPART-DR 20, Microprocessor Controlled current source
 inverter SIMOVERT-A, microprocessor controlled voltage source DC link
 converters for three phase AC Drives type SIMOVERT-P, net range power
 contractors and relays, Point Machine and motor for special machine
 tools type IPH-6.
 
 - The Company has developed 24 KV out door vacuum circuit bracker,
 new series of ILA 8 motors and generators upto 710 KW for variable
 frequency drives, micro-processor based loco-energy meter to display
 all loco parameters to driver, stand alone PLC - MICRO 90, new
 generation of contactors, bi-metal relays and limit switches, new
 range of high frequency X-ray generators etc.
 
 1996
 
 - The Company suffered losses due to discontinuence of the operations
 of the Telecommunications division, the cost of Voluntary Retirement
 Scheme, higher operating costs, lower capacity utilisation etc. 
 
 - The Company received necessary permission during the year to issue
 preference shares upto Rs 180 crores on private placement basis.
 
 - Authorised capital increased.  50,000,000 pref. shares issued on
 private placement basis.
 
 1997
 
 - 57,000,000 10.5% pref. shares issued during the year.
 
 - The Company proposes to transfer the Tool Room facility located at
 Kalwa Works, Thane, Maharashtra to a proposed 100% subsidiary
 company.
 
 - The Company proposes to transfer Industrial elctronic equipment
 manufacturing facility at Nashik to another 100% subsidiary company
 and Automotive Systems Division at Nashik to Siemens Automotive
 Systems Pvt. Ltd.
 
 1998
 
 - Siemens AG, Germany is the holding company and holds 14,482,470 No.
 of Equity shares of Rs 10 each in the company as on 30th September. 
 
 - Siemens Communication Software (SCS), a division of SPCL, will also
 take away the part of software development associated with public
 communications business from Siemens Information Systems Ltd, a
 subsidiary of Siemens Ltd.
 
 - Siemens Public Communications is a 70:30 joint venture between
 Siemens Germany and Siemens Ltd India.
 
 - Siemens Telecom Ltd, a joint venture between Siemens and Bharti
 Telecom formally launched its Euroset and Emerald series of phones in
 Bangalore on 17th February.
 
 - Siemens has set up a core team to network with the private
 operators as they being their rollout.  The joint venture would be
 supplying to Bharti's network in Madhya Pradesh and has got the trial
 from Essar for Punjab.
 
 - IBM Global Services India, a joint venture between IBM and the
 Tatas, has entered into a services contract with Siemens to support
 the latter's IT infrastructure in India.
 
 - IBM and Siemens have entered into an IT partnership to support
 Siemens India's infrastructure.
 
 - The Company consolidated its position as a `Total Solution
 Provider' in Power Transmission and Distribution business by setting
 up a new manufacturing unit of High Voltage Circuit Breaker at
 Aurangabad. 
 
 - The Motion Control Group of Siemens AG has formed a technical
 collaboration with HMT for training and technical know-how to
 manufacture CNCs (Computer Numerical Controls).
 
 1999
 
 - Electronic Hi-Tech Components Ltd. (EHC), has entered into a joint
 venture with California-based Siemens Solar Industries and set-up 1
 mega watt (MW) photo voltaic production facility at Nashik. 
 
 - Siemens Solar Industries (SSL) holds 74 per cent stake while EHC,
 another Siemens subsidiary has picked-up 26 per cent in the joint
 venture.
 
 - The Indian venture at Nashik will be the fifth joint venture of
 Siemens.
 
 - A wholly owned subsidiary of Siemens, Germany with a 51 per cent
 equity stake, Siemens is in the business of automation, medical
 engineering, power generation, power transmission and distribution
 systems, switchgear and telecommunication systems.
 
 - Siemens has set up Unisphere Solutions Inc along with these
 companies to target leadership in the converged voice and data and
 Internet networking solutions.
 
 2000
 
 - The Company launch of `total hotel solutions' for the hospitality
 industry to cater to the growing needs of the corporate travellers.
 
 - Siemens launched its new line of information and communication
 solutions - Hicom 150 E Office and ESL8i - targeted at small and
 medium enterprises.
 
 - The Company has launched its fifth round of voluntary retirement
 scheme in four years.
 
 - Siemens has launched a new C-Arm-Multimobile 4C, a multi-use mobile
 image intensifier television system, in the domestic market.
 
 - The Company and Brokat signed a MoU which will pave the way for
 millions of mobile phone users to conduct transactions with their
 mobile phones including purchasing products and services, paying
 bills, and even auctioning items.
 
 - The private communications systems division of Siemens Ltd, has
 formed a strategic marketing alliance with the telecom giant ITI
 Ltd.
 
 - The Company will be launching three new WAP enabled phones in the
 Indian market in July.
 
 - Siemens Ltd has introduced the Multimobile 4C medical system that
 is a mobile image intensiffer television system.  - Siemens Teleco
 Ltd the joint venture company between Siemens and Bharati Telecom,
 has launched the sleek and compact hand cellphone Siemens C-28.
 
 - Siemens and its India subsidiary has been permitted to take full
 control in VXL Landis & GYR, with Birla VXL choosing to opt out of
 the joint venture.
 
 - The advanced engineering arm of Siemens, ATD-ITPS, has entered into
 an agreement with software company Offsite Management Systems (OMS) in
 order to jointly undertake the marketing and project engineering of
 chemical, oil and gas offsite automation systems.
  
 - Siemens has launched three WAP-enabled devices, C35i, M35i and
 S35i. 
 
 - The Company has informed that the company is in the process of
 divesting its 51% holding in Siemens Telecom Ltd., in favour of
 Bharti Telecom Ltd., the other joint venture partner in STL.
 
 - Dr. G. Wilhelm has resigned and D. K. Wucherer was appointed as a
 Director w.e.f October 1.
 
 2001
 
 - Siemens Ltd. is launching the A35 mobile phone in the country.
 
 - Siemens Information Systems Ltd, a wholly owned subsidiary of
 Siemens Ltd, signed a partnership contract with Avraham Goldratt
 Institute of USA (AGI).
 
 - Siemens received the approval of its shareholders to go ahead with
 a buyback of shares from the open market through the two premier
 stock exchanges.
 
 - Siemens has announced the launch of two of its latest cell-phone
 models -- ME45 and S45 -- which feature EMS, the new industry
 standard for enhanced messaging, alongside a flexible memory
 capability and GPRS.
 
 2002
 
 - Siemens Ltd has informed that Mr. S.K. Thackersey has ceased to be
 a Director of the company with effect from January 17, 2002
 
 2003
 
 -Mr. P.M Champi has been appointed as the Director of the company.
 
 -Siemens Mobile Acceleration, a subsidiary of  Siemens Information
 and Communication Mobile Group has tied up with Contests2win India
 (c2w).
 
 -Mr Prashanth Doshi has been appointed as Officiating Compliance
 Officer of the company
 in the absence of Mr. Ashok P Jangid.
 
 -Siemens Ltd has introduced new mobile with low prices of Rs.5000 in
 an attempt to 
 acquire lower market segment.
 
 -The Energy group of Siemens  segment has bagged the order of
 supplying two gas turbines
 to the Konaseema Power project in Andhra Pradesh.
 
 -Appointed Mr Deepak S Parekh as an Additional Director of the
 company .
 
 -Yashoda acquire cath lab from Siemens
 
 -Siemens bags order worth Rs 4830 million from the Ministry of
 Railways
 
 2004
 
 -Siemens launches total imaging matrix technology
 
 -Ties up with State Bank of India for financing the purchase of
 medical equipments made by the company
 
 -Siemens shares delisted from Delhi Stock Exc
 
 -Bosch inks pact with Siemens to roll out refrigerators
 
 -Siemens announced a strategic alliance with Aethra
 Telecomunicazioni, Italy to offer a range of video and audio
 conferencing solutions in India
 
 -Siemens sets up Liaison Office in Colombo
 -Siemens unveils three water and dust-resistant mobile handset
 models. The M65 and C65 models are priced at Rs 18,000 and Rs 9,000
 respectively. The third S65 at Rs 21,000 will be available soon in
 the Indian market.
 
 -Siemens enhances ties with Enterasys on February 17, 2005
 
 2005
 
 -Siemens secures contracts over Rs 2500 mn
 
 -Siemens to enter into O&G engg
 
 -Siemens wins a follow-up contract for a turnkey project to build the
 Bugok II 550-MW 
 combined cycle power plant
 
 2006
 
 -Siemens acquires Isolator business of Elpro International
 
 -Siemens acquires a 50% stake in Flender Ltd
 
 -Siemens joins hand with Huawei-3
 
 -Siemens in alliance with Huawei-3Com to offer high performance
 networks to Indian enterprises
 
 -Siemens Ltd has announced that Mr Harminder Singh, Director of the
 Company passed away
 on December 06, 2006.
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2007
 
 -Siemens Ltd has informed that Mr Vijay Paranjape, Executive Vice
 President & Head of Automation & Drives Division of the Company and
 Mr Vilas B Parulekar, Executive Vice President & Head of
 Transportation Systems Division of the Company have been appointed as
 the Additional Directors w.e.f. February 01, 2007
 
 -Siemens Ltd on April 23, 2007 has announced that it will acquire a
 77% stake in iMetrex Technologies Ltd. Based in Chennai, iMetrex is a
 leading provider of products and solutions in the areas of electronic
 security, safety and building automation systems. 
 
 -Siemens Ltd appointed Dr. Armin Bruck as the Managing Director of
 the Company, effective January 01, 2008.
 
 -Delivery of three double-strand slab casting lines for the Hyundai
 Steelworks Dangjin in Korea.
 
 
 2008
 
 -Siemens to Acquire Morgan Construction Company
 
 -The Company has issued Bonus Shares in the Ratio of 1:1.
 
 -Siemens to launch PETNET services in India
 
 -Siemens establishes new subsidiary for rail transportation sector
 
 
 2009
 
 - Siemens produced its first 145kV gas insulated switchgear (GIS)
 from its recently inaugurated GIS factory at Aurangabad. 
 
 -Siemens starts its gas-insulated switchgear unit in Aurangabad
 
 -Siemens to merge Siemens Healthcare Diagnostics Ltd with the
 company
 
 2010
 
 - Siemens Ltd received an order for Rs. 127 crore from Jaypee Sports
 International Ltd. for the country's first Formula 1 race track. 
 
 - Siemens Ltd received an order from Prakash Industries Ltd., worth
 approx. Rs. 55 crore.The scope of work for this order includes
 design, engineering, manufacture, packing and forwarding, and supply
 of 100 MW Bleed Condensing Turbo Generator sets and supervision of
 its erection and commissioning.
 
 - Siemens - Siemens inked its expansion plans in Goa
 
 - Siemens intended to reward its employees for their outstanding
 performance during the financial and economic crisis with a one-time
 special payment.
 
 - Siemens Rolling Stock which is a 100 per cent subsidiary of Siemens
 set up a bogie plant with an investment of Rs 200 crore at Aurangabad
 in Maharashtra.
 
 - Siemens Home Appliances launched a washing machine model which
 saves energy.
 
 - Siemens Mobility has bagged a contract from Rapid Metro Rail
 Gurgaon (RMGL) in order to build a new metro line connecting Gurgaon
 Cyber City to Line 2 of the Delhi Metro (DMRC), via the connecting
 station of Sikanderpur
 
 
 2011
 
 - Siemens Ltd has consortium of Siemens Ltd., (SL) with Siemens AG,
 Germany (SAG) has been awarded a contract by Chennai Metro Rail Ltd.,
 for Electrification & Signalling, Platform screen doors and
 Telecommunications, Design and Build.
 
 - Siemens Ltd has consortium of Siemens Ltd., (SL) with Siemens AG,
 Germany (SAG) has been awarded a contract by Power Grid Company Ltd.,
 of Bangladesh on a turnkey basis for supply of equipment for the 500
 MW Back to Back HVDC project set up at Bheramara in Bangladesh.
 
 - Siemens Ltd received an order from Siemens AG valued at Rs. 294.50
 crores for a transmission project of Power Grid of Corporation of
 Bangladesh.
 
 - Siemens - Siemens bagged Rs.124 crores order from Indiabulls
 Infrastructure Company 
 
 - Siemens - Siemens won Rs.319 crores order from PGCIL
 
 - Siemens reached a milestone of 100th Gas Insulated Switchgear
 
 2012
 
 - Siemens Ltd  won contract to modernize electricity distribution
 system for Maharashtra State Electricity Distribution Company.
 
 - Siemens inked contract with PGCIL to construct 765 kV test lab in
 Bina, MP
 
 -The Company started operations in two greenfield factor in Goa.
 
 - Siemens Ltd abstracted the re-appointment of Dr. Armin Bruck as a
 Managing Director of the Company.
Source : Dion Global Solutions Limited
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