Company History - Jay Bharat Maruti
1987 - The Company was Incorported on 19th March, at Delhi. The
was promoted as a joint venture by Maruti Udyog Ltd. (MUL),
private promoters F.C. Singhal, S.K. Arya, S.P. Arya and S.K.
Bindal and Associates, with MUL contributing 31% of the equity
capital of the company. The Company Manufacture sheet metal
components, assemblies and sub-assemblies.
- The Company undertook to set up a project for the manufacture
sheet metal components, assemblies and sub-assemblies.
assistance and back-up support required for the project was to
provided by MUL as per specifications and quality standards
prescribed by Suzuki, Japan.
1988 - 700 No. of equity shares subscribed for by the signatories to
Memorandum of Association. 51,19,300 No. of equity shares
issued at par of which the following shares were reserved and
allotted on a firm basis:
- (i) 15,84,300 shares to resident directors, their friends
and (ii) 15,85,000 shares to Maruti Udyog Ltd. (MUL). Of the
balance 19,50,000 No. of equity shares the following shares
reserved for allotment on a preferential basis: (i) 5,50,000
NRIs (all were taken up) and (ii) 2,56,000 shares to
employees/workers of the Company (only 22,200 shares taken
The remaining 11,44,000 shares along with 2,33,800 shares not
taken up by employees were offered for public subscription
September/October 1988. Additional 2,92,500 shares allotted
retain over-subscription (82,500 shares to NRIs and 2,10,000
shares to the public.
1990 - A new line for manufacture of components for 1000 cc Maruti
1991 - The company signed a joint venture agreement with HMT Ltd.
setting up a Tool Room.
1992 - Maruti Udyog, Ltd., was proposing to launch a new model car
Zen and the Company received letter of intent from MUL for
manufacturing of Components for this new model.
- The Company launched the new model car namely `ZEN' and pilot
supply of components for the new model has started.
- The Company had also developed some of the intricate
car components. Exports possibilities being explored and
received enquiries from U.K. and Egypt.
1993 - As a part of diversification the Company proposed to set up a
modern tool room to develop tools for increasing requirements
1994 - The Company developed various new sheet metal components
were imported till date.
- The Company proposed to double the capacity from 12,500 tonnes
25,000 tonnes per annum with the installation of new
and infrastructure. The project was commissioned during
1995 - The Company continued to develop new sheet metal components.
1996 - The Company successfully developed components and assemblies
ESTEEM & ZEN for export model cars.
- The Company signed another technical assistance agreement
M/s. Hamamatsu Pipe Co. Ltd. Japan, a subsidiary of M/s.
Motor Corporation for improving muffler manufacturing
to meet the stringent emission norms.
- The Company has entered into a tripartite agreement with NSDL
for dematerilisation of equity shares.
-Approved voluntary delisting of equity shares from Ahmedabad,
Kolkata and Delhi Stock Exchange.
-Company has splits its Face value of Shares from Rs 10 to Rs 5
-Jay Bharat Maruti has given the Bonus in the Ratio of 1:1
-Jay Bharat Maruti Ltd has appointed Mr. Rajeev Ranjan as an
Assistant Company Secretary & Compliance Officer of the Company
w.e.f. 1st January 2007.
- Jay Bharat Maruti Ltd has redesignated Mr. Surendra Kumar Arya,
Vice Chairman & Managing Director of the Company as Chairman &
Managing Director of the Company.
- Jay Bharat Maruti Ltd has appointed Mr. Achintya Karati as an
additional director of the Company w.e.f. April 14, 2009.
- Mr. S. Kartik has been appointed as Company Secretary & Compliance
Officer of the Company.
-The Company has recommended a dividend of Rs. 2.00/- per share
(40%) on 21650000 Fully paid-up equity shares of Rs. 5/- each of the
Company for Financial Year 2010-11.
-Jay Bharat Maruti FY11 net profit soars 82% at 38 cr
-The Company have recommended a dividend @ 30% i.e. Rs. 1.50 per
fully paid up equity share of Rs. 5/- each for the year ended on
March 31, 2012
-The Company has recommended a dividend of Rs. 1.50/- (One Rupee and
Fifty paise only) per fully paid up equity share of Rs. 5/- each for
the year ended March 31, 2013.
-Mr. Dinesh Kumar has been appointed as Company Secretary &
Compliance Officer of the Company w.e.f. January 21, 2014 in place of
Mr. S. Kartik, who has left the Company on August 22, 2013.
-Jay Bharat Maruti Q3 net jumps 64% at Rs 7.5 cr