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Subros
BSE: 517168|NSE: SUBROS|ISIN: INE287B01021|SECTOR: Auto Ancillaries
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Company History - Subros
YEAR                       EVENTS
 1985 - The Company was Incorporated as a private limited company on
 14th
        February, and then converted in public limited company on
 11th
        October.  The Company was promoted by Ramesh Suri and Jayant
        Nanda along with their associates.  The Company manufacture   
  
        automotive air-conditioning systems.
 
      - The company entered into a technical collaboration agreement
 with 
        Nippondenso Co. Ltd., Japan (Nippondenso) for technical
        information for implementation of the project and manufacture
 of
        automotive air-conditioning systems including swash-plate
 type
        compressor, clutches and other associated components for cars
 and
        light commercial vehicles in addition to providing advice in
        regard to the design, manufacturing, production problems and
        train technical personnel of the company at its factories.
 
      - The company undertook to set up a project for the manufacture
 of
        50,000 units per annum of automotive air-conditioning systems
 for
        automobiles in a phased manner.
 
      - The Company embarked upon a scheme to procure sub-assemblies
 and
        components indigenously and to undertake the in-house
 manufacture
        of critical components in a phased manner.
 
      - The Company also started supply of air-conditioning systems
 for
        Maruti Gypsy and the same was being well received.  The
 company
        also developed air-conditioning systems for Premier 118 NE
 and
        for Tatamobile.
 
      - One prototype kit to each of the manufacture, i.e. Premier
        Automobiles Ltd., and Tata Engineering and Locomotive Co.
 Ltd.,
        was supplied.
 
      - 15,00,000 shares allotted at par as follows: (i) 11,10,000
 shares
        to promoters, directors, etc.; (ii) 1,95,000 shares to
        Nippondenso Co., Japan and (iii) 1,95,000 shares in Suzuki
 Motor
        Co., Japan.
 
 1988 - 12,75,000 shares issued at par of which 1,87,500 shares
 reserved
        for allotment on preferential basis to employees (including
        Indian working directors)/workers (only 4,700 shares taken
 up).
        The balance of 10,87,500 shares, together with the
 unsubscribed
        1,82,800 shares of the employees' quota, offered to the public
 in
        July 1988.
 
 1991 - The Company developed and commenced supply of
 air-conditioning
        systems to Telco for their Tata Sierra and Tata Estate.  Also
        air-conditioning systems were deveoped for, Premier 118 NE
 and
        efforts were on for AC systems for MULS new model YE-2 in
        consultation with nippondenso Co. Ltd., Japan.
 
 1995 - The Company increased the installed capacity of AC systems to
        2,00,000 nos.
 
      - 22,48,080 shares issued at a prem. of Rs 23 per share to the
        shareholders on right basis in prop. 3:5, 1,920 shares kept
 in
        abeyance.
 
 1996 - The Company took up production of AC systems, based on HFC
 134a
        refrigerant by modification of existing production lines for
        manufacture of components and sub assembles compatible to HFC
        134a an environment friendly refrigerant, the first in India.
 
 2007
 
 - The Company has splits its face value from Rs10/- to Rs2/-.
 
 
 2008
 
 - Mr. S Nakanishi bas been appointed as the Nominee Director.
 
 
 2009
 
 -  Yasushi Nei has been appointed as Director.
 
 - Mr. Yoshitaka Kajita has been appointed as Alternate Director.
 
 
 2010
 
 - The Company and Denso Corporation Japan, have agreed to form a
 Joint Venture Company in India for designing automobile air
 conditioning systems and other devices.
 
 
 2012
 
 - Mr. Y Kajita, has been appointed as Alternate Director.
Source : Dion Global Solutions Limited
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