Gestener (India) Ltd.

YEAR                                                                  
    EVENTS
 1924 - The Company was incorporated on 19th August, at Calcutta as a
 private limited
              company under the name of D Gestetner (India) Ltd.
 
            - The main activities of the company upto 1952,  were
 distribution & sale of products
              manufactured by Gestetner Ltd and its associates in U.K.
  At present its object and
              activities constitute manufacture of duplicating
 machines, both hand & power driven,
              stencil, ink, correcting fluid and accessories & trading
 in duplicating paper & electronic
              stencil cutting machines. The company also exports its
 products.
 
 1945 - The name was changed to Gestetner (India) Ltd, and to
 Gestetner Duplicators Ltd, in 1946.
 
 1975 - The name was again changed on 18th April, to Indian
 Duplicators Co Ltd.   It was converted
               into a public limited company on 7th September, 1977.
 
            - The company is authorised to use the trade mark
 Gestetner for the produced
               manufactured & marketed by it under an agreement dated
 16th July, between Gestetner
               Ltd, London (a wholly owned subsidiary of Gestetner
 Holding Ltd, U.K.) and the company.
 
            - The company has an agency agreement with Gestetner Ltd,
 London for procurement of
               export orders in the countries where exports are
 affected by the company. The company has
               plant to enter into a technical collaboration with
 Gestetner, Australia.
 
            - The technical collaborations of the company are 1)
 Gestetner Ltd, U.L. 2) Gestetner Holding
               Ltd, U.K. 3) The technical collaboration agreement with
 M/s Copyer Company of Japan,
               expired during the year.
 
 1991 - The product Electronic Duplicating Machines - 4130 series, is
 scheduled to be launched
               by October the Company is also actively pursuing a 100%
 export oriented project for
               Electronic Stencil Cutting Machines.
 
 1992 - The Company has entered into an agreement to sell present
 factory land and building
               at Entally, Calcutta, in a phased manner.
 
 1993 - The Company has introduced the latest digital high speed
 duplicator  which has been
               well accepted in the domestic market.
 
            - The Company introduced telecommunication equipment such
 as EPABX, FAX machines,
               Cordless and PB telephones into our product  range to
 expand our marketing activities.
 
 1994 - The Rights Issue offered by the Company was closed on
 14.5.1994 and shares were
               allotted on 15.6.1994.
 
            - During the year the Company developed new export in
 Kenya, Papual New Guinea,
               Singapore and HongKong.  Exports to Bangladesh also
 increased substantially.
 
            - During the period under review the Company's equity
 share capital has increased by Rights 
               Issue of 9,75,000 No. of Equity Shares of Rs. 10/- each
 and preferential allotment of 5,50,247
               No. of Equity Shares of Rs. 10/- each to Gestetner
 Holdings Plc., U.K. to raise their holding
               from 40% to 49.5%.
 
 1995 - Ricoh Company Ltd. of Japan has acquired almost 100% shares of
 Gestetner Holding Plc,
              U.K., who hold 49.5% shares in the Company with an
 option for another 1.5% shares.
 
            - Mr J. Andrew Woods, Managing Director, Gestetner
 Manufacturing Ltd., joined the Board
              of GIL on 1st June.
 
 1996 -  The Company has launched two new models of Copyprinter during
 February, 1997.
 
             - The Company has also entered into Technical
 Collaboration Agreement with Ricoh
               Wellingborough Products Ltd., UK for manufacture of
 Electronic Duplicator.
 
            - The shareholders of the Company have authorised the
 Board of Directors to issue and
               allot 106385 No. of equity shares of Rs. 10/- each to
 Gestetner, UK.  Gestetner (India) has
               become a subsidiary of Gestetner, U.K. 
 
             - Mr. Anil Kumar and Mr. V.A. Ravindran, directors retire
 at the ensuing Annual General
                Meeting and, being eligible, have offered themselves
 for re-appointment.
 
              - Mr. J. Andrew Woods has resigned from the Board.
 
 1997 - The Company has launched a new digital product the Aficio
 3220.  It is code named
              ADAM as it is the first in a new generation of copying
 printing and communicating
               technology from RICOH which is set to redefine the way
 people work in offices.
 
            - Mr. Paul Wilkinson, Chief Executive has been included in
 the Board as Managing Director
              w.e.f. 1st September, for a period of two years.
 
            - Mr. Roger Moreton and Mr. Dave Weller have resigned from
 the Board on 9th June.
 
            - Mr. Jahar Sengupta and Mr. M.K. Kumar, directors retire
 at the ensuing Annual General
              Meeting and, being eligible, have offered themselves for
 re-appointment.
 
 1998 -  Two new digital machines in multi-functional copier segment,
 Aficio 3235 and 3245 are
               being introduced in 1999.  These machines have a higher
 speed of copying/Printing
               i.e. 35 pages and 45 pages per minute respectively and
 have certain additional features.
               Newer models are also being introduced in the
 CopyPrinter segment to cater to a wider
               market.
 
             - The Company was assigned P1 CRISIL rating in April for
 short term borrowings
                indicating that the degree of safety with regard to
 timely payment on the borrowings is strong.
 
             - Mr. V.A. Ravindran and Mr. Anil Kumar retire at the
 conclusion of the forthcoming Annual General
               Meeting and being eligible, have offered themselves for
 re-appointment.
 
 2000 - Gestetner India Ltd., a subsidiary of Gestetner Holdings Plc,
 UK, launched a
              series of digital printer-copiers, including Majito,
 that can print up to 140 pages
              per minute in tandem.
 2002-Gestetner India Ltd has informed that Mr Steve King Director of
 the company has ceased to be its director.
 
 2004
 
 -Gestetner India awarded ISO 9001:2000 certification