Company History - Jupiter Wagons
The Company was incorporated as a private limited company
with the name Commercial Engineers & Body
Builders Co Private Limited on September 28, 1979. It commenced
business in 1979. Its name was changed to
Commercial Engineers & Body Builders Co Limited on March 25, 2010,
reflecting the change in the constitution
of the Company from a private limited company to a public
limited company under the Companies Act, 1956,
pursuant to a special resolution of the shareholders of the
Company at an extraordinary general meeting held on
March 18, 2010. The fresh certificate of incorporation consequent
upon the change of name was granted on March
25, 2010 by the RoC.
Major Events:
Date
Event
January 29, 1996
The Company executes an agreement with Madhya Pradesh Windfarm
Limited for the
setting up of a single wind electricity generating unit.
October 2005
Mr. Ajay Gupta joins the Company as an Additional Director.
2005-2006
(i) The Company commenced commercial production at the Mandla
Factory, then leased
from Kailash Auto Builders.
(ii) The Company entered into a Technical Know-How Agreement with
a Thai company
called Cho Thavee Dollasien Co. Ltd. for the production of heavy
vehicles such as tippers,
umpers and trailers under the combined trademark CTVCEBBCO. For
further details as
to this agreement, refer to Strategic Alliances in this Section
of the Draft Red Herring
prospectus.
August 1, 2007
NYLIM, a private equity fund, invested in the Company
pursuant to the NYLIM SHA
under which the Company allotted 3,000 mandatorily convertible
Preference Shares of face
value of Rs. 100 each at a premium of Rs. 99,900 to NYLIM. The
funds were used for
expansion of the Companys Richhai Factory I and Mandla Factory and
the establishment
of new factories. These Preference Shares were subsequently
converted to Equity Shares
(see below in the entry against December 25, 2007).
September 1, 2007
The shareholders of the Company in EGM passed a resolution
approving the Scheme of
De-Merger in draft form proposed to be presented before the BIFR (see
below in the entry
against August 18, 2008).
December 25, 2007
Pursuant to the NYLIM SHA the Company allotted 142,789 Equity Shares
at a premium of
Rs. 2001 each to NYLIM upon conversion of the 3,000
Preference Shares allotted to
NYLIM on August 1, 2007.
August 18, 2008
BIFR sanctioned the Scheme of De-Merger pursuant to which the Mandla
Factory was de-
merged from Kailash Auto Builders Private Limited and
transferred to the Company in
exchange for 11,835 Equity Shares to be allotted to shareholders of
Kailash Auto Builders
Private Limited, further details of the Scheme of De-Merger are
provided further below in
this section of the Draft Red Herring Prospectus.
2007-2008
The Company began expansion and modernization of the Richhai Factory
I and the Mandla
Factory.
2008
The Company won the Best Medium Enterprise of the Year, 2008
awarded by Dun &
Bradstreet in association with Fullerton India.
The Company was awarded the Excellence Award, 2008 in the
Small and Medium
Enterprises Category by Corporation Bank under the Corp Exel
Awards instituted by
coration Bank for small and medium enterprises.
November 2008
(i) The Company commenced commercial production at the Indore
Factory.
(ii) The Company received its first order for supply of
trailers from Asia MotorWorks
Limited.
2008-2009
(i) The Company commenced activities in the railways division.
(ii) The Company commissioned robotic welding lines at Richhai
Factory I.
(iii) The Company was accorded ISO/TS 16949:2002 accreditation
by TUV SUD
Management Service GmbH.
December 12, 2008
The Company obtained its first purchase order from the Indian
Railways for supply of 290
Side- Walls and End- Walls.
December 16, 2008
The Scheme of De-Merger was filed with the RoC and came into
effect retrospectively
from March 31, 2007.
February 6, 2009
The Company received its first order for supply of
refrigerated containers from Hino
Motors Sales India Private Limited, a group company of the Toyota
Group.
March 2009
The Company commenced commercial production at Richhai Factory II.
April 20, 2009
The Company received a purchase order for supply of long hood
structures from Diesel
Locomotive Works.
May 27, 2009
The Company entered into a Technical Know-How Agreement with a French
company by
the name of Le Capitaine for the manufacture of vehicles fitted with
refrigerated bodies and
refrigerated containers. For further details as to the Le
Capitaine Agreement, refer to
Strategic Alliances in this section of the Draft Red Herring
Prospectus.
August 10, 2009
The Company obtained an order from the Indian Railways for
the upgradation of 250
BOXN wagons.
September 2, 2009
The Company obtained an order from the Indian Railways for supply
of 200 Side- Walls
and End- Walls.
September 23, 2009
The Company obtained performance certificate from Wagon Repair
Shop, Kota for
successfully supplying Side- Walls, End- Walls within the due
date of delivery and in
accordance with specifications..
September 28, 2009
The Company entered into the Joint Project Agreement with Mithila
Motors for operation
of the Jamshedpur Factory. For further details as to the Joint
Project Agreement, refer to
Strategic Alliances in this Section of the Draft Red Herring
Prospectus.
November 6, 2009
(i) The Company obtained an order from the Indian Railways for
the upgradation of 200
BOXN wagons.
(ii) The Company has entered into a power purchase and wheeling
agreement with M. P.
Power Trading Co. Ltd. and M. P. Wind Farms Limited for
captive use of the energy
generated from its wind electricity generating unit of 225 KW
located at No. 35, Village
Jamgodrani, District Dewas.
December 2009
The Company commenced commercial production at the Jamshedpur
Factory.
The Company set up a refrigerated van manufacturing facility at
the Richhai Factory
II, which is currently under trial run.
The Company received approval for its Quality Assurance Plan
from the RDSO for
fabrication of End -Walls, Side-Walls and flap doors of BOXNR
Wagons.
December 4, 2009
Integral Coach Factory assesses the Company and finds that it
possesses
adequate facilities in terms
of machinery and man power to manufacture and supply the following
items:
(i) LHB Side-Wall and roof assemblies to ICF MD Spec-200 Rev. - 02;
(ii) car line pillars.
The Company appoints Mr. Pradeep Gupta, who has over 30
years of experience in
project management, manufacturing, marketing, product
engineering, quality assurance,
vendor development and export execution in the Railway industry,
to head its business in
the railways division.
January 18, 2010
Company received its first order for supply of tippers from
Man Force Trucks Private
Limited.
February 15, 2010
Companys Quality Management Systems compliance with ISO
9001:2008 standards
certified by Moody International Certification Limited.
March 2010
Company nominated for the award of 'Truck Application Builder'
of the year by CV
Magazine.
2011
-Commercial Engineers & Body Builders Co Ltd has acquired shares by
Jashn Beneficiary Trust.
-Company has started commercial production / operation at its Deori
Plant
-Company has entered into an MOU with the Disaster Response Solution
(DRS), Inc., an Ohio Corporation
2012
-Company has received an order from Tata Motors Limited to supply of
four number of refrigerated vans
-Intiomation regarding MOU with 'Stone Intermodal Private Limited'
2013
-CEBBCO appoints Deepak Tiwary as CEO.
2022
-Commercial Engineers & Body Builders Co Limited amalgamated with
Jupiter Wagons Ltd.
-Company name changed to Jupiter Wagons Ltd. from Commercial
Engineers & Body Builders Co Ltd.
2023
-Jupiter Wagon Acquired Stone India Limited vide Order of Honble NCLT
Bench Kolkata.
-Jupiter Electric Mobility subsidiary of Jupiter Wagons Ltd. launched
two CEVs at the Auto Expo 2023.
