Company History - Autoline Industries
Autoline Industries Ltd (AIL) (incorporated on December 16, 1996, as
Stampings Private Ltd.) was initially set up in January 1995 as a
known as Autoline Pressings under Indian Partnership Act 1932, with a
of Rs. 0.30 million & term loan of Rs. 0.15 million from State Bank
of India and Cash
Credit limit of Rs.0.05 million. AIL has grown into a medium sized
auto ancillary Company, manufacturing sheet metal components,
and assemblies for large OEMs in the Automobile Industry.
We are engaged in Manufacturing various auto parts / sheet metal
Passenger cars, Sports Utility Vehicles (SUV), Commercial vehicles,
Three wheelers, Tractors, etc. We are one of the prime vendors to
Companies like, TATA MOTORS LTD. (earlier TELCO), BAJAJ AUTO LTD,
ENGINEERING LTD, MAHINDRA & MAHINDRA LTD., FIAT (INDIA) PVT. LTD.,
WALKER EXHAUST (INDIA) PVT LTD (a Subsidiary of Tenneco, a fortune
company), etc. AIL is also exporting auto parts i.e. brake shoes for
Trailers to Saudi Arabia, Dubai etc. Further negotiations are at
various stages with
various Detroit based Auto Component Makers for direct exports. Due
quality in work, cost competitiveness, timely deliveries and State of
the Art Tool
Room with latest CAD / CAM facilities, the company has, in a short
prime vendor to all the reputed Auto Manufacturers in and around
Pune. The turnover
of the company has accordingly increased from a modest Rs. 6.30
million as on
31.03.1997 to a massive Rs. 1113 million as on 31.03.2006, in just 9
All the manufacturing facilities have been certified as ISO/TS 19649:
Considering the rapid growth in the business, the company was in
need of additional
space and manufacturing capacities. Therefore 3 to 4 expansions had
to be taken up
in quick succession during last 9 years. Initially we started our
operations at Kudalwadi
with 10,000 sq. ft. plot area. Then expanded to Chakan with 114,000
sq. ft. Plot area
and T-135, MIDC, Bhosari with 53,000 sq. ft. plot area. Further we
have now acquired
additional Land of 15 Acres (600,000 sq. ft. area approx) in Chakan
very near to the
existing Factory. Out of the 15 acres land acquired, 7 acres has been
utilized to set up
a new modern manufacturing facility on a built-up area of 1,60,000
sq. ft. Thus our existing
operations of the company are spread at five places (including a
subsidiary) with good infrastructural facilities.
During last 9 years our sales have shown steady growth. During the
year 2000-01 we
had achieved sales of Rs. 171.20 million which were 9.12 % more than
sales of 1999-00.
In the year 2001-02 the sales were Rs. 212.50 million, increased by
24.13 % as compared
with previous year. For the year 2002-03 we achieved sales growth of
28.46 % with sales
of Rs. 272.9 millions. In the year 2003-04 we achieved sales of Rs.
510.8 million, thereby
registering growth of 87% over previous year. In the year 2004-05,
sales grew to Rs.684.8
million (growth of 34% over previous year) and further to Rs.1113.3
million in 2005-06, a
massive growth of 63% over previous year and a growing base.
We have been consistent in making profits. In the year 2000-01 and
2001-02 we had
earned net profit of Rs. 0.51 million and Rs. 4.43 million
respectively. During the year 2002-03
the Net profit was Rs.5.70 million. During the year 2003-04 we made a
profit of Rs. 5.93 million.
The profitability in comparison with the sales was low, because the
major clients like Tata
Motors and Bajaj Auto had not given the price increase for Steel
despite steep increase in the
prices of raw material i.e. Steel. Further there was increase in the
finance cost also.
However during the year 2004-05, Tata Motors had increased the prices
of the components
in proportion to increase in the prices of Raw Material. The finance
cost was reduced by more
than 50% by availing FCNR(B) loans at 300 basis points above LIBOR
from Bank of Baroda to
replace all Rupee Loans. The Net Profit thus saw robust growth to
Rs.19.80 million in 2004-05
and further improved to Rs.70.13 million in 2005-06.
MAJOR EVENTS IN THE HISTORY OF THE COMPANY
January 1995 Set up the first manufacturing facility at
Kudalwadi, Chikhali, Pune with one 150 T
'C' frame press and supporting machinery
on a built-up shed of 3000 sq.ft. area.
Doing job work as Tier III supplier
June 1996 Obtained the Vendor Code for direct supplies to
Bajaj Auto Ltd.
September 1996 Obtained the Vendor Code for direct supplies to Tata
Motors Ltd. (then TELCO)
December 1996 Converted the partnership firm into Private Limited
June 1997 Expanded the facilities at Kudalwadi by
acquiring adjacent land, adding 250/300 T
press, setting quality systems, etc. for
supplies to Bajaj Auto, Tata Motors and
Kinetic Engg. Ltd.
January 1998 Received CQ certification from Tata Motors for
supplying on DSL basis (Direct
Supply Online, without inspection at
March 1997 to
October 1998 Set up second Manufacturing facility at Chakan with
Presses ranging from 250 T to
600 T and supporting facilities for Tata
Motors prestigious INDICA car project
on the basis of Letter of Intent
August 1999 Set up a Tool Room at Chakan. Imported Hartford CNC
Vertical Milling Centre
and bought other sophisticated machines
December 1999 Set up CAD/CAM facilities with the latest software
available for Tool Making.
April 2001 Took over Amogh Engineers, a Rs.40 million
company manufacturing Brake
Assembly for Tata Motors 407/709 models
and also entered into export of brake
shoes to UAE, Singapore, Germany,
etc.(since merged with AIL)
September 2002 Received QS 9000/ISO 9002: 1994 certification from
TUV(Rh), Germany for
June 2003 Took over smaller pressing companies (Tier II
and III) locally supplying to Tata
Motors Ltd. with their Dies & Tools.
December 2003 Set up third Manufacturing Unit at MIDC, Bhosari on
54,000 sq.ft. land with a
modern light press shop facilities
(Press Range 40 T to 300 T) for small and
medium components for Bajaj Auto, Tata
Motors, Walker Exhaust, Kinetic, etc.
February 2004 Obtained a Term Loan from a nationalized bank and
shifted our banking
operations from a cooperative bank to
a large bank in the public sector.
March 2004 The company achieved a turnover of Rs.510.00
million in 2003-04, registering a
hefty growth of 87% over previous
August 2004 Load Body for Tata Motors prestigious ACE mini
truck model awarded to
company as a single source supplier,
to make large sized Floor Dies in-house.
October 2004 Chakan Unit gets ISO/ TS 16949 : 2002
certification from TUV (Rh), Germany one
among the 40 companies then all over
December 2004 Purchased 15 acres of land in Chakan prime area near
to existing factory for future
February 2005 Bhosari Unit get ISO/TS 16949: 2002 certification
from TUV (Rh), Germany
August 2005 Duke Special Opportunities Fund, Private Equity
Investor, invests in company
November 2005 Acquired as a wholly-owned subsidiary Western
Pressing Pvt. Ltd., a company
manufacturing tubular cross members,
silencers and Exhaust Systems thus
getting into proprietary products.
Turnover of Rs.140.00 million in 2005-06.
March 2006 Acquired a 51% stake in Dimensions Engineering
Software Services Pvt. Ltd., a
company with 40 people into CAD/CAM/CAE
& Design Engineering Services
making AIL a Concept to Delivery
Autoline Industries Ltd has informed that the MOU entered into by the
Company with Stokota N.V. Belgium dated February 19, 2007 has become
infractious and stands terminated due to technical issues arising
from the compliance requirements stated therein.
- Autoline Industries Ltd has inducted Mr. Lalit Kumar Pahwa as Chief
Executive Officer (CEO) of the Company with effect from September 01,
-Autoline Industries has appointed Mr. Sanjay Landge as Chief
Financial Officer (CFO) of the Company with effect from September 9,
- Autoline Industries Ltd has appointed Prof. Chandramouli
Padmanabhan as an Independent Director on the Board of the Company
with effect from September 30, 2008.
- Autoline Industries Limited has appointed Mr. Narayan Gopal Bhat as
Chief Financial Officer (CFO) of the Company on January 11, 2010.
-Autoline Ind - Mega Project approval
-Award for Excellence in Cost Efficiency 2010-11 received at National
Vendor meet of TATA
-Autoline Industries Ltd - Western Pressing Limited & Nirmiti
Autocomponents Private Limited have been amalgamated
-Autoline Ind - Board recommends Dividend of Rs. 4/. (i.e. 40%) per
equity share of the Rs. 10/- each for the year ended March 31, 2012
- The Company has recommended dividend of Re. 1/- (i.e. 10 %) per
equity share of Rs. 10/- each.
- Autoline Industries's arm executes term sheet with Smart Value
- Appointed Mr. Umesh Chavan as Executive Director and Chief
Executive Officer of the Company .
- Noted that Autoline Industrial Parks Limited, ( a subsidiary of
Autoline Industries Limited) has acquired further land and taken
necessary steps as per latest requirement of Urban Development
Department, Government of Maharashtra and hence the Location
Clearance for the land (100 Acres under Special Township Project)
located at Mahalunge, Chakan Tal: Khed, District.
- Appointed Mr. Ratanlal T Goel as a Chief Financial Officer of the
- Received Long Term Association Award 2015 from TATA Motors Ltd.
-Autoline launches 4 wheeler accessories for selected models