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Amara Raja Batteries

BSE: 500008|NSE: AMARAJABAT|ISIN: INE885A01032|SECTOR: Auto Ancillaries
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Nov 13, 12:48
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Company History - Amara Raja Batteries
YEAR                                               EVENTS
 1985 - Amara Raja Batteries Limited was incorporated as a private
        limited company on 13th February and converted into a public
        limited company on 6th September 1990.  A fresh Certificate
 of
        incorporation was obtained on 8th November 1990 from the
        Registrar of Companies Andhra Pradesh.  It was promoted by
        Ramachandra N. Galla, Smt. Amarakumari N. Galla & Associates.
        The Company manufacture sealed maintenance free lead acid
        batteries.
 
      - The Company undertook to set up a plant for manufacture of
 sealed
        maintenance free lead acid batteries for industrial
 application
        with an installed capacity of 1 lakh nos. p.a.
 
      - The Company entered into a technical agreement with GNB Inc.
 USA
        for providing the technical know-how and other related
 services.
 
 1992 - 12,51,650 No. of equity shares allotted.  54,48,350 No. of
 equity
        shares of Rs 10 each the issue at par of which 19,98,350 No.
 of
        equity shares and 1,50,000 shares were reserved and allotted
 on a
        firm basis to promoters, directors etc. and APIDC
 respectively.
 
      - Of the remaining, the following were reserved for allotment on
 a
        preferential basis: 
 
      - (i) 3,00,000 shares to SBIMF;
 
      - (ii) 3,00,000 shares to LICMF;
 
      - (iii) 60,000 shares to Canback MF &
 
      - (iv) 3,35,000 shares to employees (only 3,24,500 shares taken
 
        up). 
 
      - Balance 23,05,000 shares alongwith 10,500 shares not taken by
        employees issued to the public.  Additional 4,65,027 shares
 were
        allotted to retain oversubscription.  27,000 shares
 forfeited.
 
 1993 - Approval was received for 5000 Air batteries and sets had
 been
        supplied at various installations.
 
 1994 - The Company's ability to supply high efficiency battery for
 rural
        telecommunication encouraged DOT to switch over from 120 AH
 low
        maintenance battery to 80 AH VR LA battery for effective
        utilisation of Multi Access Rural Radio system in remote
 places.
 
      - The Company received a prestigious turnkey order from ONGC
 for
        power supplies on unmanned offshore platform.
 
 1995 - The Company's R&D establishment was recognised by the
 Department
        of Science & Technology, Government of India.
 
 1996 - The Company undertook technology upgradation through in house
        R&D, new ranges, quality, customer satisfaction, need based
        capacity enhancement & integration of operation etc.
 
      - The company's emphasis on overall operational quality resulted
 in
        the company receiving ISO 9001 Certification from RWTUV,
 Germany.
 
      - Forfeiture on 2,000 shares annulled.  During January 1998,
        23,75,000 shares & 3,03,400 shares allotted at a prem. of Rs
 79
        per shares to Johnson Control Maritius Pvt. Ltd. and Galla
 family
        Co. core promoters of the Company.
 
 1997 - The Company's emphasis on overall operational quality has
        resulted in the Company receiving ISO 9001 certification from
        RWTUV, Germany and products obtaining UL recognition for
 safety
        of operations from Underwriters Laboratory, USA.
 
      - Johnson Controls Inc (JCI), the US-based battery major, is
 going
        to acquire a stake of 23.38 per cent in Amar Raja Batteries
 Ltd.
 
      - The company proposes to decide the issue price in line with
 the
        relevant guidelines shortly.
 
 1998 - Amara Raja Batteries (ARB) Ltd, a leading industrial battery
        manufacturer in the country, is making forays into the
 automobile
        battery segment, and expanding its existing production
 facilities
        to enter the export market. 
 
      - The company is setting up an additional production facility
 with
        an installed capacity lighting, and ignition' (SLI).
 
      - Amara Raja to set up its own project for the manufacture of
        plastic coves by importing three injunction moulding
 machines.
 
 1999 - Amara Raja Batteries is setting up a greenfield facility to
        manufacture automotive batteries.
 
      - The company introduced state-of-the-art VRLA (value regulated
        lead acid) technology in industrial batteries and soon
 emerged
        as market leader in this segment.
 
      - The company has launched switch-mode rectifiers with a
 technology
        tie-up from Rectified Technology, Australia.
 
 2000 - Amara Raja Batteries, launched a new automobile battery with
             higher life and low maintenance.
 
          - The company will set up a new SLI battery unit with a
 capacity
             for manufacturing one million units of batteries per
 annum.
 
          - The Company has launch of Amron a zero-maintenance,
 hi-life
             automotive batteries in Hyderabad and Chennai.
 
          - The Company has launched Amaron Pit Stops, a distribution
             network through franchises.
 
          - Amara Raja Batteries has fixed a premium of Rs 90 for
 equity shares
            of Rs 10 each to be issued to the domestic and foreign
 promoters on
            preferential basis.
 
           - Amara Raja Batteries Ltd on September 24, 2001 announced
 the 
             inauguration of its new  automotive plant  at Karakambadi
 in Tirupati.
 
        - Amara Raja Batteries has reported a net profit of Rs 9.3
 crore for the first half of the current 
          Financial year.
 
 2001
 
 Name of Acquirer Shareholding before acquisition Shareholding after
 acquisition
 
 1. Johnson Controls Maurititius P.Ltd 23.12% 26%
 
 2. Mr.Ramachandra N.Galla 6.4% 7.49%
 
 3. Mr. Jayadev Galla 6.62% 7.5%
 
 4. Dr. Ramadevi 3.87% 4.72%
 
 -Allotted shares on preferential basis
 
 -Amara Raja Batteries which is in partnership with battery major
 Johnson Controls is now planning to develop batteries for motorcycles
 as well.
 
 -Amara Raja Batteries (ARBL) has roped in Telco as one of its
 customers for supplying the automotive batteries, Amaron, to its LCV
 segment during the period ended June 2001.
 
 -SEBI has launched criminal prosecution against Mr Harinarayan Bajaj
 and his son Rahul for creating artificial market in the shares of
 Amara Raja Batteries Ltd. 
 
 -The new automotive plant of Amara Raja Batteries Ltd (ARBL), an
 Amara Raja-Johnson Controls joint venture for the manufacture of
 storage batteries and standby valve regulated lead acid (VRLA)
 batteries, has commenced commercial operations on September 24
 
 - Andhra Pradesh Chief Minister, Mr Chandrababu Naidu on September
 24, inaugurated the Rs 45 crore, 50,000 unit per annum, greenfield
 plant of the Amara Raja Batteries at Thirupathi
 
 -Launched 'Brute' Batteries, a maintenance free valve regulated  acid
 traction battery in India to meet the power requirements of forklifts,
 pallet trucks, stackers and platform trucks.
 
 2002
 
 -Forged alliances with a number of global telecom players for the
 supply of high-end batteries for telecom equipment.
 
 -Mr K Satish Reddy and Mr Douglas C Brown have resigned from the
 Board. And 
 Mr Raymond J Brown has been appointed as Director of the company with
 effect from October 25, 2002.
 
 2003
 
 -Bagged an order from a leading automotive player in Japan for the
 delivery of automotive batteries for passenger cars in Japan.
 
 -Mr Ramachandra N Galla appointed as the Executive Chairman and Mr
 Jayadev Galla appointed as the Managing Director of the company w.e.f
 August 1, 2003.
 
 2004
 
 -ARBL unveils 3rd 'Amaron PitStop' in Kerala
 
 -Launches zero maintenance battery
 
 -ARBL ties up with MUL for battery supply
 
 2005
 
 -Amara Raja ropes in Karthikeyan as brand ambassador
 
 -Amara Raja sets up Amaron PitStop in Kottayam
 
 -Amara Raja unveils limited edition series of car batteries
 
 2007
 
 -Amara Raja Batteries Ltd has appointed Dr. G Ramadevi as Director in
 the casual vacancy caused by the resignation of Mrs. Amara Kumari
 Galla.
 
 -Amara Raja Batteries Ltd has appointed Mr. Shu Q Yang as a director
 in the casual vacancy caused by the resignation of Mr. Steven Gibbs.
 
 - The Company has splits its face value from Rs10/- to Rs2/-.
 
 2008
 
 -The Company has issued Bonus Shares in the Ratio of 1:2.
 
 2009
 
 - Amara Raja Batteries Ltd has informed that the Board of Directors
 of the Company at its meeting held on June 01, 2009, inter alia, has
 considered and approved appointment of Mr. T R Narayanaswamy as an
 independent director with immediate effect.
 
 2010
 
 - Amara Raja Batteries Ltd forayed into an agreement with Japan's
 Honda Motor. This is in order to develop a valve regulated lead acid
 battery.
 
 2011
 
 -Amara Raja Group dons new identity to mark its Silver Jubilee
 celebrations.
 
 -Amara Raja clocks Rs. 10 billion in revenue for H1 for the first
 time.
 
 2012
 -AmarrajaBatt - Capacity expansion in a new location.
 -Appointment of Mr. Ravi Bhamidipati as an Executive Director.
 -Company has splits its Face value of Shares from Rs 2 to Re 1
 
 2013
 -Board recommended a Dividend of Rs. 2.52/- (252%) per share.
 - The company has appointed Mr. M. R. Rajaram a  as Company Secretary
 & Compliance Officer of the Company.
 
 2014
 -Board recommended a Dividend of Rs. 3.32(323%) per share.
 
 2015
 -Amara Raja Batt. - Commissioning of four-wheeler automotive battery
 plant at Unit II at Nunegundlapalle village, Bangarupalyam Mandal,
 Chittoor District
 
 2017
 -Amara Raja opens largest 2wheeler battery unit.
 
 
Source : Dion Global Solutions Limited
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