Company History - Kaveri Engineering Industries
Kaveri Engineering Industries Limited began as a partnership firm
styled Kaveri Structurals, which was established at
Tiruchirapalli in 1962, just about the time industries like BHEL
started their activities at that centre. Kaveri Structurals,
which started off with structural Fabrication in a small way,
and, within a short span of time emerged as a quality manufacturer
of capital Machinery and process equipment for chemicals,
petrochemicals, fertilisers, refineries and other core sector
industries. The partnership firm was Succeeded by a private
Limited Company styled Kaveri Engineering Industries Private
Limited in 1976 which was subsequently converted into a public
Limited Company in 1978.
Kaveri is now a leading supplier of capital machinery and process
equipment to the major public sector undertakings established in
different parts of the country.
In 1987, the Company went public with an Issue of 6,50,000 Equity
Shares of Rs. 10/- each for cash at par aggregating to Rs.
65,00,000/- and the Issue was fully subscribed.
The Company was promoted by Shri V D Swami, who is a well-known
industrialist, and has been instrumental in promoting, apart from
KEL, M/s. V D Swami & Co. Ltd., a reputed export house and
erection and contracting engineers.