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Indosolar > Company History > Miscellaneous > Company History of Indosolar - BSE: 533257, NSE: INDOSOLAR
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Indosolar

BSE: 533257|NSE: INDOSOLAR|ISIN: INE866K01015|SECTOR: Miscellaneous
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Company History - Indosolar
Our  Company  was  incorporated  under  the  Companies  Act  on  April
  8,  2005  as  Robin  Garments 
 Private Limited. Subsequently, our name was changed to Robin Solar
 Private Limited pursuant to a 
 special  resolution  of  our  shareholders  dated  July  2,  2008  to
  reflect  the  present  business  of  our 
 Company  i.e.,  the  business  of  solar  cells.  A  fresh 
 certificate  of  incorporation  consequent  to  such 
 change of name was granted to our Company by the RoC on July 21,
 2008.  
 
 The Transferor Company was amalgamated with our Company by an order
 dated September 16, 2009 
 of  the High Court  of Delhi.  Pursuant  to  the  amalgamation  in 
 terms  of  the Scheme,  our Companys 
 status was  changed  from private  limited  company  to  a public 
 limited company  and  the name of our 
 Company  was  changed  to  Indosolar  Limited  as  the  erstwhile 
 Transferor  Company  was  widely 
 known. A fresh certificate of incorporation consequent to such change
 in status and name was granted 
 to  our Company  by  the  RoC  on October  12,  2009  and October 
 30,  2009,  respectively.
 
 Our Company is engaged in the business of manufacture
 poly-crystalline SPV cells from silicon wafers 
 utilizing crystalline silicon SPV cell technology for converting
 sunlight directly into electricity through 
 a process  known  as  the  photo-voltaic  effect.
 
 Major Events and Milestones  
 
 Date                                                          Events
 
 
 2005                           
 
 -Execution of lease deed with the GNIDA for grant of 27,158.78 square
 meter of land
 
 2008                               
 
 -Execution of joint business development agreement with the
 Transferor Company 
 
 -Execution of supply agreement with Schmid for planning, supply,
 installation and commission of first line of our solar cell project 
 
 -Change of the object of our Company from the business of readymade
 garments to solar energy cells
  
 -Execution of lease agreement by the Transferor Company to lease the
 equipments to our Company
 
 -Grant of EOU status to our Company
 
 -Grant of occupancy certificate of Industrial building erected on
 Plot No 3C/1, Ecotech -II Sector, Udhyog Vihar from GNIDA 
 
 2009
 
 -Execution of facility agreement for grant of loan by a consortium of
 banks led by Union Bank of India  
 
 -Commencement  of  commercial  production  of  SPV  cells  with  one 
 manufacturing  line having an annual manufacturing capacity of 80 MW 
 
 -Approval of the Scheme by the High Court of Delhi at New Delhi 
 
 -Filing of the Scheme with the RoC by the Transferor Company and our
 Company
  
 -Grant  of  Equity  Shares  in  the  proportion  of  1:1  to  the 
 shareholders  of  Transferor Company, pursuant to the terms of the
 Scheme 
 
 -Time overrun with respect to installation of our first SPV cell
 manufacturing line cost overrun in relation to the two manufacturing
 lines for our SPV cell.  
 
 -Associated with the Semiconductor Equipment and Materials
 International, USA, Indian Semiconductor Association and SESI 
 
 2010  
 
 -Indosolar inks one of the largest deals in solar energy with
 GCL-Poly.                                            
 
 -Registered as member (till November 30, 2010) of Bharat Oil & Waste
 Management Ltd. for safe, legal and scientific disposal of hazardous
 waste 
                              
 -Commencement of commercial production of second manufacturing line
 of SPV having an annual manufacturing capacity of 80 MW.
 
 2011
 
 -The Company has entered into a Memorandum of Understanding with GCL
 Solar System Limited, China to explore the possibility of development
 of solar farms in India.
 
 2012
 
 -The Board has appointed Mr. Arun Kumar Gupta and Mr. Gurbaksh Singh
 Vohra as additional directors in the category of Independent and
 Non-Executive Directors.
 
 2013
 
 -The company has appointed Mr. Anand Kumar Agarwal as Whole Time
 Director and Compliance Officer of the Company with effect from
 February 13, 2013.
 
 2014
 
 -Indosolar has entered into solar cell supply contract of 5.50 MW
 valuing approximately Rs. 15.80 Crores under Domestic Content
 Requirement of National Solar Mission with EMMVEE Photovoltaic Power
 Private Limited, Bengaluru.
 
 -The company tered into single largest solar cell supply contract of
 60 MW under Domestic Content Requirement of National Solar Mission
 with Azure Power India Private Limited.
 
 -Indosolar has entered into solar cell supply contract of 67 MW
 valuing approximately Rs. 191 Crores under Domestic Content
 Requirement of National Solar Mission with Waaree Energies 
 Ltd.
 
 2015
 -Indosolar signs Wafer Supply pact with Osung Lst
 -India crosses 5GW in solar power capacity : B2I
 -Japans SoftBank wins its First Solar Project in India
 
Source : Dion Global Solutions Limited
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