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Bosch Ltd.

BSE: 500530 | NSE: BOSCHLTD |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE323A01026 | SECTOR: Auto Ancillaries

BSE Live

Jul 29, 10:02
15043.20 56.35 (0.38%)
Volume
AVERAGE VOLUME
5-Day
3,047
10-Day
2,260
30-Day
2,150
44
  • Prev. Close

    14986.85

  • Open Price

    15050.00

  • Bid Price (Qty.)

    15040.45 (1)

  • Offer Price (Qty.)

    15056.50 (8)

NSE Live

Jul 29, 10:02
15034.65 22.65 (0.15%)
Volume
AVERAGE VOLUME
5-Day
19,647
10-Day
21,985
30-Day
36,992
2,164
  • Prev. Close

    15012.00

  • Open Price

    15046.40

  • Bid Price (Qty.)

    15036.05 (4)

  • Offer Price (Qty.)

    15049.40 (48)

Company History - Bosch
1951
 
 - The Company was Incorporated on 12th November, in Chennai and
 shifted to Bangalore on 16th November, 1953.  The main objects of the
 company are to manufacture spark pluge for petrol engines and fuel
 injection equipment for diesel engines in technical and financial
 collaboration with Robert Bosch GmbH, West Germany.Trade Mark is
 `MICO'.
 
 - Except for a 16 day strike at the Nasik factory towards the end of
 year which continued for a few days in January 1984, the industrial
 relations contributed to the improved working.  The market situation
 improved during the first half of 1985.  However there was a
 slackening of demand in the second half, especially in the last
 quarter, due to poor monsoons and recession in the commercial vehicle
 industry.
 
 1953
 
 - Another class of Redeemable preference shares was also introduced
 Right issues were made in August 1952, August 1953 and November
 1955.
 
 1961
 
 - In March 1959, 25,000 No. of equity shares were issued to Robert
 Bosch, West Germany.  In March, 1962, 30,000 Right equity shares
 issued at a prem. of Rs.10 per share in the prop. 1:5.
 
 1963
 
 - In January, 45,000 bonus equity shares issued in the prop. 1:4.
 
 1964
 
 - In February, 1966, 45,000 right equity shares issued at a prem. of
 Rs.10 per share in the prop. 1:5.  In September, 1966, 90,000 bonus
 equity shares issued in the prop. 1:3.  In October, 1966, further
 15,000 right equity shares issued at a prem. of Rs.10 per share in
 the prop. 1:24.
 
 1969
 
 - In January, the Mysore Branch of the Central Bank of India Ltd.,
 offered for sale - 2,000 No. of equity shares of the company at a
 prem. of Rs.70 per share in order to comply with the listing
 requirements of the stock Exchange, Mumbai.
 
 - At the time of incorporation, the company had 3 classes of shares
 viz., `A' ordinary, `B' Ordinary and preference.
 
 1973
 
 - 3,75,000 bonus equity shares issued in the prop. 1:1.
 
 - 95,588 No. of equity shares issued at Rs.175 per share of which
 48,000 shares issued to Financial Institutions against conversion of
 loan from them and 47,588 No. of equity issued as right shares to
 members other than Robert Bosch GmbH in the prop. of 3:20, - Rs.40
 (Rs.25 on capital account and Rs.15 as share prem.) was called up.
 Further calls payable were Rs.50 (Rs.25 on capital account and Rs.25
 as share prem.) (31st August 1974), Rs.50 (Rs.25 on capital account
 and Rs.25 as share prem.) (30th December, 1974), Rs.35 (Rs.25 on
 capital
 account and Rs.10 share prem. (30th August 1975).
 
 1976
 
 - 4,22,794 bonus shares issued in prop. 1:2.
 
 1980
 
 - A letter of intent was received for an expansion of manufacturing
 capacity.
 
 1982
 
 - 6,34,191 bonus equity shares issued in prop. 1:2.
 
 1985
 
 - A letter of intent for diversification into auto electricals was
 received and approval for the import of capital goods was also
 obtained.
 
 1986
 
 - Sales turnover registered only 7.3% growth due to recessionary
 trend. Both commercial vehicle and tractor production dropped. 
 
 - 19,02,573 bonus equity shares were issued in prop. 1:1.
 
 1987
 
 - Under the modernisation programme, the company added a number of
 new machines both at the Bangalore and Nasik factories.  Also a
 fourth generation on-line computer facility was installed at the
 Bangalore factory.
 
 - The Government of India approved the enhancement of the licenced
 capacity of multicylinder pumps and nozzle holders to 2,65,500 nos.
 and 24,80,000 nos. respectively.
 
 - A letter of intent was received for the manufacture of additional
 165,000 elements and 215,000 delivery valves for meeting export
 orders. 
 
 - Also, a letter of intent was received for the manufacture of
 additional 120,00,000 each of elements and delivery valves to cater
 to spares market.
 
 1988
 
 - The Company was awarded the status of Trading House.
 
 - Improvement in communication facilities had been effected through
 modernisation of telephone and telex equipment.
 
 - A `Cold Start' facility enabling testing of engine at temperature
 as low as -20oc was added to the unit.  The Centre was appointed as a
 Bosch Global Development Centre with the global responsibility for
 design and development of small single cylinder pumps for the entire
 Bosch Group.  The centre had already developed a new type of
 single-cylinder pump for vehicular and stationery applications.
 
 1989
 
 - The market for single-cylinder pump remained sluggish due to
 shortage of pig iron, credit squeeze etc.
 
 1991
 
 - Approvals were received to increase production of fuel injection
 equipment and parts thereof, for spark plugs at Naganathapura and
 Nozzle at Nasik factory.
 
 - Technical collaboration agreements were entered into for the
 manufacture of fine horning machines and super finishing machines. 
 
 1992
 
 - Sales of the original equipment were adversely affected due to
 recessionary trends in the automobile sector.
 
 - The Company introduced certain new items such as halogen bulbs,
 ignition cells, horns, voltage regulators, cluth plates and clutch
 cover assemblies for the automobile sector.
 
 - A technical collaboration agreement was entered into with Witzig
 and Frank Turnatic GmbH for the mechanical machining systems.
  
 - Another agreement was entered into with Robert Bosch GmbH, West
 Germany for the manufacture of bag form fill and sealing machines It
 was also planned to manufacture portable electric power tools with
 technical collaboration from Robert Bosch GmbH.
 
 - The Company was awarded the ISO 9001 certification by the
 Technischer Ueberwachungs-Verein, Germany.
 
 1993
 
 - Sales, particularly in the commercial vehicle and the tractor
 sectors were affected due to continued recessionary trends in the
 automobile industry.
 
 - The Company introduced new automotive accessories such as
 stop-and-tail lamps, fog lamps, new varieties of horns. 
 
 - In the All-India Skills Competition held by the Government of
 India, the MICO Vocational Centre received the Best Establishment
 Award for the 12th time.
 
 1994
 
 - Motor Industries Software Services Ltd. (MISSL) and Motor
 Industries Trading Ltd.  (MITL), which became subsidiary companies
 from 25th July.
 
 1996
 
 - The Company has entered into a Memorandum of Understanding with the
 Government of Rajasthan to set up facilities near Jaipur for the
 manufacture of auto ancillaries/auto components including Fuel
 Injection Equipment.
 
 - Dr. Wolfgang Hugo and Dr. Eberhard Baltin retired from the Board as
 Director with effect from 17th June.
 
 - Dr. Hermann Eisele whilst continuing on the Board, ceased to be
 Chairman from 18th June, and Mr. Hubert Zimmerer was elected in his
 stead.  The Board acknowledges the contribution of Dr. Eisele as
 Chairman and welcomes Mr. Zimmerer as Director and Chairman of the
 Board.
 
 1997
 
 - The Company launched the state-of-the-art Blaupunkt range of car
 audio systems in June.
 
 - All the three plants of the Company at Bangalore, Nashik and
 Naganathapura have been awarded the QS 9000 certificate by TUV,
 Essen.
 
 - Dr. H. Bertling was redesignated as Managing Director and Mr.  J.L.
 Pasricha and Mr. D. Schalomon were redesignated as Joint Managing
 Directors with effect from 19th September.
 
 1998
 
 - The Company has become a market leader for Electrical Power Tools
 and accessories.
 
 - In 1997 and 1998, three apprentices trained at the Nashik plant won
 silver medals at the Regional Skills competition.
 
 1999
 
 - The Company is proposed to revive the offer for buy back of up to
 200,000 No. of equity shares at Rs. 4,200 per equity share. 
 
 - Dr. H. Eisele retired from the Board with effect from 24th June.
 
 - The appointment of Mr. Nobis as Joint Managing Director from 17th
 December.
 
 2000
 
 - Andreas Nobis has been appointed as the new Managing Director of
 Motor Industries Co. Ltd. with effect from 1st July.
 
 - Due to a deprecssion in the automobile sector, MICO is introducing
 a five-day working week in its plant, with the drop in sales to
 original equipment manufacturers.
 
 - The Company has decided to introduce a five-day working week in its
 Bangalore plant with immediate effect, due to low demand from its
 customers in the tractor and commercial vehicle industry.
 
 - Motor Industries Co. (MICO) has received the approval of
 shareholders to buyback upto 2 lakh shares from the existing
 shareholders. 
 
 - The Company has approved and recommended to shareholders for their
 approval to buyback up to 2,00,000 No. of equity shares of the
 company from existing shareholders on a proportionate basis through
 Tender offer or from the open market aggregate not exceeding 5.55% of
 the existing paid-up equity capital of the company to be financed out
 of the free reserves of the company, at a maximum price not exceeding
 Rs. 4000/- per equity shares such that the aggregate consideration for
 the shares bought back do not exceed 25% of the capital and free
 reserves of the company.
 
 - M Lakshminaryan has been appointed as the new joint managing
 director of Mico with effect from 1st October.
 
 - The Company has fixed the price for buyback of equity shares of the
 company at Rs. 3800/- per equity shares.
 
 2001
 
 - MICO, the automotive ancillary company, has decided to suspend work
 for five days from June 18. The company, in an official announcement
 on June 13, said the adverse business situation and curtailment of
 orders by customers had necessitated this step.
 
 2002
 
 -Motor Industries Company Ltd., has postponed its investment worth
 Rs.250cr because of delay in implementing Euro II emission norms in
 the country. 
 
 -MICO has completed its buyback programme of 200,000 equity  shares 
 for the total cost of Rs.50cr.
 
 -MICO Launched India's first Bosch Car Services Workshop(BCSW) in
 Delhi and has  entered into car servicing business.
 
 -Nearly 5% of MICO's workforce opted for an early voluntary
 retirement scheme.
 
 -Motor Industries Company Ltd has launched new range of products
 consisting of in-car multimedia systems, the San Fransisco CD-70,
 in-car MP3 player and velocity range of amplifiers,speakers and
 sub-woofers.
 
 -The Industrial Equipment Division, MICO-Bosch Division has developed
 endurance testing equipment for Timken.
 
 -MICO Ltd has informed BSE that the MICO Bangalore Plant will have a
 5-day  working week.
 
 2003
 
 -MICO Board has appointed Dr.Albert Hieronimus as Additional Director
 and Managing Director of the company.
 
 -Mico Employees Association has gone on an indefinite strike for an
 inconclusive talks  with the management.
 
 -Motor Industries Company Ltd has informed that Company's Spark Plug
 manufacturing  activitiy at Naganathapura works has been
 discontinued.
 
 -Bosch Security Systems launched Network Video Solutions, a Video
 Solutions, a video surveillance system that allows remote monitoring
 over IP (Internet Protocol) networks.
 
 2004
 
 -Bosch rolls out new surveillance system
 
 -Bosch begins assembling user-specific tools in Bangalore
 
 -Bosch declared as best stall in Bangalore's IT.Com
 
 
 2005
 
 - Bosch moves production of key products to MICO plants in India
 
 -Mico launches 30 millionth PF pump
 
 -MICO & Bosch form joint venture with MANN+HUMMEL for filter
 production
 
 -OverdriveAuto Monitor Award  Auto component manufacturer of the
 year 
 
 2006
 
 -All new MICO products to bring under Bosch brand
 
 -MICO-Bosch to provide CRDi systems to Suzuki
 
 -MICO to launch CRDi in early 2007
 
 -NDTV Profit Car India Award  Safety & Technology Award
 -MICO receives star performer award EEPC Award  Star Performer for
 outstanding export performance
 2007
 -Bosch acquires 9.2pc more stake in Mico
 
 -CNBC-TV18 Autocar Auto Award  Auto Component manufacturer of the
 year 
 
 -NDTV Profit Car & Bike Award 2007  Automotive Technology of the
 year' 
 
 2008
 
 - Company name has been changed from Motor Industries Company Ltd to
 Bosch Ltd.
 -Business Standard Award Star MNC of the year 
 2009
 -DHL - CNBC TV18 International Trade Award -Bosch won this honor in
 the category of auto component industry, for doing extremely well in
 exports through its low-cost solutions. The award recognizes the
 companys commitment and innovations that address the needs of the
 Indian market, and keep Brand India alive. 
 -UTVi Autocar Award
 Bosch and Mahindra & Mahindra won the Best Innovation of the Year
 UTVi Autocar Award. The award recognizes Bosch innovation start/stop
 system which contributes to fuel efficiency at a very reasonable
 cost. The Mahindra Bolero Micro Hybrid is the first vehicle in India
 to integrate this technology in their new car
 
 2010
 -NDTV Car & Bike Award - Automotive technology of the year
 This accolade recognizes the contributions made by Bosch in India,
 for localizing ABS (Antilock Braking System) production. Bosch is the
 only automotive supplier to manufacture ABS in India for passenger
 cars and light commercial vehicles. ABS is crucial to safety while
 driving, as it makes braking safer, by preventing the wheels from
 locking. 
 
 2011
 
 -Bosch Wins Car & Bike Award 2011 
 
 2012
 
 -Bosch Limited wins Car & Bike Award 2012
 
 2013
 -Bosch India and WABCO INDIA organize SAFETY DRIVE symposium to
 promote vehicle safety
 -Bosch Power Tools sets up Indias first DIY Square in Bengaluru
 -Bosch Electrical Drives India inaugurates new plant in Chennai
 -Bosch Software Innovations introduces software suite in
 Asia-Pacific
 
 2014
 -Bosch Limited launches Energy and Building Solutions business in
 India 
 -Bosch and Klenzaids plan joint venture in India. Expansion of
 activities within pharmaceutical sector
 -Bosch receives the prestigious InterSolar award
 
 2015
 -Bosch Ltd has formally inaugurated a two-acre power tools plant at
 Oragadam near Chennai
 -Bosch India wins InterSolar Award 2015
 -Bosch signs MoU with the Indian Institute of Science, Bangalore
 Industry-academia collaboration key to innovation
 -Bosch inaugurates first office in Colombo, Sri Lanka 
 -Bosch: Prime Minister Modi and Chancellor Merkel visit facilities in
 Bangalore
 -Bosch commissions 12 MW solar project for Cochin International
 Airport Limited (CIAL)
 -Bosch completes acquisition of Siemenss share in BSH Bosch und
 Siemens Hausgerte GmbH
 
 2016
 -Bosch India launches start-up accelerator program 
 -High level state government delegates visit Bosch Indias Packaging
 Technology facility
 -Bosch mobility solutions for the Indian market