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Cimmco > Company History > Diversified > Company History of Cimmco - BSE: 505230, NSE: CIMMCO


BSE: 505230|NSE: CIMMCO|ISIN: INE184C01028|SECTOR: Diversified
Jun 19, 16:00
0.4 (0.57%)
VOLUME 3,575
Jun 19, 15:43
1 (1.44%)
VOLUME 13,391
Company History - Cimmco
The Company was incorporated on September 8, 1943 as a  Public Limited
 Company at Gwalior in the name and style of  'Texmaco (Gwalior) Ltd.'
 under the provisions of the Gwalior Companies' Act (I of Samvat
 1963).  The said name of the company was changed to 'Central India
 Machinery Manufacturing Co. Ltd.' on June 22, 1956 and was again
 changed to 'Cimmco Limited' on December 6, 1985.
 The Company has now attained a significant size and in order to have
 a clear Corporate identity with its originating and promoter group,
 name of the Company has been changed to 'CIMMCO BIRLA LIMITED' w.e.f.
 October 3, 1994.
 The company was formed to manufacture textile machinery such as
 looms, winding machines, etc.  In 1957, the company set up a unit at
 Bharatpur for manufacture of railway wagons. In 1956, a Steel Foundry
 for manufacture of castings was set up at Gwalior.  In 1978, an
 International Trade Division called 'Cimmco International' was set up
 for promoting export of goods and projects from India.  In 1984, the
 Heavy Engineering Division was set up to manufacture core machinery
 for cement plants and the Construction Division was formed in 1993.
 The erstwhile Xpro India Limited was amalgamated with the Company
 w.e.f. July 1, 1985, pursuant to Orders dated May 20, 1987 & July 1,
 1987 of the Hon'ble High Courts at Calcutta and of Madhya Pradesh
 respectively.  Xpro India is presently engaged in the manufacture of
 Co-extruded Plastic Sheets and Co-extruded Cast Plastic Films.
 The erstwhile Cimmco Spinners Limited, a subsidiary promoted by the
 company, was amalgamated with the Company w.e.f. April 1, 1993,
 pursuant to Orders dated May 9, 1994 & May 27, 1994 of the Hon'ble
 High Courts of Delhi and Madhya Pradesh.  Cimmco Spinners is engaged
 in the manufacture of cotton yarn for exports.
 The erstwhile Indian Plastics Limited was amalgamated with the
 Company w.e.f. April 1, 1993, pursuant to Orders dated August 4, 1994
 and August 12, 1994 of the Hon'ble High Courts of Bombay and Madhya
 Pradesh respectively.  The resulting division (known as Xpro India
 (Bombay) is 
 presently engaged in the manufacture of varied nature of
 injection/compression moulded articles and Thermosetting Plastics
 including Melamine Formaldehyde, Urea Formaldehyde, Phenol
 Thus, the Company is at present engaged in the business/ manufacture
 of Textile Machinery and accessories, Steel Castings, Railway Wagons,
 Structural, Cement Plant Machinery, Cotton Yarn, Construction
 activities, Coextruded plastic films (Non-Tubular) and moulded
 products (injection/compression), Thermosetting Plastics as well as
 Export of 
 Projects/various products.
 The business and day-to-day affairs of the Company's
 autonomousdivisions are professionally managed by well qualified and
 fully authorized senior executives, subject to the overall control,
 superintendence and directions of the Board of Directors.
 - Cimmco Birla Ltd has appointed M/s. L. B. Jha & Co. Chartered
 Accountants, as the Statutory Auditors of the Company to fill the
 casual vacancy caused due the resignation of the Auditors of the
 Company, M/s Jain Pramod Jain & Co. Chartered Accountants.
 -Company has changed its name from Cimmco Birla Ltd. to Cimmco Ltd.  
 -Registered Office of the Company has been shifted To Premlata, (4th
 Floor), 39, Shakespeare Sarani, Kolkata 700 017, West Bengal.
 -Shri Manoj Jha has been appointed as Managing Director and Chief
 Executive Officer of the Company.
 -Sri Ram Narayan Tiwari, Vice President has been appointed as
 Director (Works) of the Company.
 -Cimmco Ltd has Ms. Vinita Bajoria has been appointed as Non
 Executive Director on the Board of the Company.
 -The Registered Office of the company has shifted from Premlata 4th
 Floor, 39 Shakespeare Sarani Kolkata - 700017 to 756, Anandpur EM
 Bypass Kolkata - 700107.
 -Cimmco receives industrial license to manufacture defence items
Source : Dion Global Solutions Limited
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