1985 - The company was incorporated on 24th September 1985, and
the Certificate of Business on 16th October, 1985. It
manufactures & sells engines for application other than
The company has been promoted jointly by Punjab Tractors Ltd.
Kirloskar Oil Engines Ltd.
- Kirloskar Oil Engines, Ltd. agreed to provide know-how,
and documentation of products, process details, design of
fixtures and toolings etc. to the company for the manufacture
diesel engines to be fitted in `SWARAJ' tractors manufactured
Punjab Tractors Ltd.
- The company has set up plants for the manufacture of 16,000
Diesel Engines per annum. This project is based on Kirloskar
know-how & technology. This is already in commercial
1989 - 70 shares subscribed for by the signatories to the memorandum
associations. 17,99,930 shares than issued at par of which
5,50,000 shares to Punjab Tractors Ltd. (PTL) and 3,60,000
to Kirloskar Oil Engines, Ltd. (KOEL) were reserved and
on a firm basis. Out of the remaining 8,89,930 shares,
shares were offered to the employees (including Indian
directors)/workers of the Company as also those of promoter
Companies (All were taken up). The balance 7,99,930 shares
offered for public subscription during July, 1989.
2,69,970 shares were allotted to retain oversubscription
(1,36,500 shares to PTL and KOEL, 1,19,900 shares to public
13,570 shares to the employees).
1995 - The Company undertook to expand its capacity to 42,000
p.a. and also expansion of its existing machining capacities
hi-tech components like connecting rods and cylinder head to
required levels. In addition, new capacities were planned
some more hitech components like crank case, gear casing etc.
1996 - 20,69,970 Bonus Equity shares issued in propn. 1:1.
-Shares Acquired in the Open Offer
- Swaraj Engines Ltd has informed that Shri. V S Parthasarathy has
been co-opted as Additional Director of the Company w.e.f. January