IST Ltd.

Indo Swiss Time Limited (IST) was incorporated as a public limited
 company on 31.08.1976 to carry on the business of manufacture,
 design, import and export of watches and watch parts, components,
 cases and other ancillary products.
 
 It bean operations in 1977 by assembly of watches with imported
 components. It began manufacturing components in March 1979.
 
 In April 1980, the company issued shares to the public to part
 finance a project to manufacture different kinds of wrist watches.
 
 However due to a shift in customer preference to quartz watches and
 competition from Illegally imported watches there was down turn in
 the market for mechanical and automatic watches manufactured by IST. 
 To remedy this situation, IST diversified into manufacturing
 precision
 components for defence applications in 1989 and further into
 manufacture of components for electronic/medical dental instruments
 for the export market in February 1993.
 
 Apart from a brief period of labour unrest in January-February 1991,
 the employer-employee relations in the company have been very
 cordial.
 
 OPERATIONS OF THE COMPANY
 
 The primary operations of the company are now manufacturing
 components for exports.  The components manufactured are high quality
 precision components used in electronic, medical and dental
 instrument.  The company had developed the components to meet the
 exacting standards required of its international customers and has
 been able to secure
 repeat orders from its buyers.  In the year ended 31 March 1994 the
 company recorded export sales of more than Rs. 395 lakhs.
 
 IST is also manufacturing precision components for the Ministry of
 Defence.  Used in various applications the components require a high
 level of precision and quality. The quality of ST's products has been
 appreciated by the Ministry of Defence.  Sales to the Ministry of
 Defence in year 1993-94 were Rs. 127.13 Lakhs.
 
 
 2006
 
 -I S T Ltd has informed that the Company has entered into
 Supplemental Agreement with Unitech Ltd., for development of
 Software/IT Park on 28.419 acres instead of 13.35 acres.
 
 
 2011
 
 - Mr. Manish Mehta, FCS has been appointed as Company Secretary &
 Compliance officer of the Company.
 
 
 2012
 
 - Appointment of Mr. Suresh Chand Jain as an Executive Director of
 the Company.
 
 - Appointment of Mr. Gaurav Guptaa as Director of the Company who was
 appointed as an additional Director.
 
 - Appointment of Mr. Rishi Kumar Jain as Director of the Company who
 was appointed as an Independent Director.
 
 2013
 
 -Mr. R. K. Sapra has been appointed as a Company Secretary and
 Compliance officer of the Company.
 
 2019
 
 -The Company has splits its face value from Rs. 10/- to Rs. 5/-.