Kennametal India Ltd.

1925 -The company was set up in 1925 
 
 1964
 
 - The Company was Incorporated on 21st September, at Bangalore.  The
 Company was promoted by Meturit AG., Switzerland, associates of
 Fried
 Krupp Widia-Fabrik unit of Krupp group of industries, West Germany,
 and
 Sak Industries Private Ltd.  The Company Manufacture hard metal
 products including tungsten carbide products, mining tools and
 special
 purpose machines.
 
 1966
 
 - On 10th May, the Company entered into a technical collaboration
 agreement with Meturit AG.
 
 - 24,000 `A' Equity shares issued to Meturit A.G. Switzerland. 
 (23,996
 shares without payment in cash.  7,100 `B' Equity shares issued to
 Sak
 Industries (P) Ltd.  1,060 `B' Equity shares issued to Sundaran
 Industries (P) Ltd. against supply of land.  7,840 `C' Equity shares
 offered to public in May 1967.
 
 1974
 
 - 1,063 `B' Equity shares and 1,021 `C' Equity shares issued at a
 prem.
 of Rs 140 per share.
 
 1975
 
 - 1,889 `B' Equity and 1,815 `C' Equity shares issued as rights in
 prop. 1:5 in 1975 (prem. Rs 170 per share). 24,000 `A' 11,112, `B'
 and
 10,676 `C' equity shares issued as bonus shares in prop.  1:1 in
 April
 1976.
 
 1978 
 
 - 24,000 `A' Equity, 11,112 `B' Equity and 10,676 `C' Equity shares
 issued as bonus shares in prop. 1:2 each series.
 
 1982 
 
 - 1,945 `A' shares converted into 1,945 `B' shares by transfer to
 `B'
 equity shareholders.  23,352 `A' 11,760 `B' and 10,676 `C' equity
 shares then issued as bonus shares in prop. 1:3.
 
 1985
 
 - Bonus Equity shares issued in December, in prop. 1:1 in each class
 of
 equity shares.
 
 1988
 
 - Widaroc (India) Ltd. became a subsidiary of the Company. 
 Effective
 from 1st January 1995, Widaroc (India) Ltd. was ceased to be a
 subsidiary of the Company as it was merged with the Company.
 
 1989 
 
 - Bonus Equity shares issued in prop. 1:2 to all classes of shares.
 
 1990 
 
 - 6-Axes tool and cutter grinding machine was introduced in the
 market.
 
 - The Company was implementing modernisation programme at Bangalore
 and
 Patancheru plants.
 
 - Several developmental items such as new tool system for CNC tools,
 improved coated carbides, flexible automatic work handling systems,
 etc, were taken up for commercial exploitation.
 
 1991 
 
 - Few developmental items were taken up such as ceramic and cermet
 inserts and ceramic parts for electrical and electronic
 applications.
 
 1992 
 
 - New products like indexable inserts with new geometries, new
 generation of milling cutters, lazer making machines, etc. were
 developed.
 
 - Holders of `A' and `B' series Equity shares can transfer their
 shares
 to the other holdes of `A' and `B' series Equity shares only.  `C'
 series Equity shares are freely transferable.
 
 - The Company privately placed 18% non-convertible debentures for Rs
 300 lakhs with financial institutions.  These debentures are
 redeemable
 at a premium of 5% in five equal instalments starting from 20th
 August
 1997 and ending on 20th Aug. 2001.
       
 1995
 
 - New machines such as coated milling grade for cast iron milling to
 cater to automotive sector, milling cutters M650 milling inserts of
 New
 Geometries, turning and cermet inserts were introduced.  The company
 proposed to designs its product profile to cater to the emerging
 market
 requirements in the country in the State-of-the-art technology.
 
 1996
 
 - The new products developed such as new gradient sintered coated
 grades and inserts with improved geometrics contributed
 substantially
 to the growth.
 
 - The Special purpose machine division developed for the first time
 several sophisticated and precision machines like CNC Broach
 Ressarpening machines, Compact 4 Axes CNC tools & cutter grinder for
 small tools, a fully automated laser making machine etc.
 
 - Bonus equity shares issued in prop. 1:1 to all classes of shares.
 
 1997
 
 - The main customer segments of the company viz. general engineering
 and auto industry remained sluggish.  The company undertook several
 calculated measures to ensure that profitability does not get
 eroded.
 The Company set up a representative office in Indonesia.
 
 - As on 31st December, 5,60,442 `A' Equity were held by Meturit A.
 G.
 Zug, Switzerland.
 
 - As at 31st December, a sum of Rs 10.60 lakhs were outstanding
 against
 term loans from ICICI.
 
 - The company proposes to focus on setting up a totally automated
 manufacturing line to cater to the needs of automobile sector.
 
 - The enhanced commercial paper (CP) programme of Widia India
 Limited
 has been assigned a P1+ rating by Crisil.  This rating indicates
 that
 the degree of safety regarding the timely payment on the instrument
 is
 very strong.  Widia's CP programme has been enhanced from Rs.5 crore
 to
 Rs.10 crore.
 
 1998 
 
 - The Bangalore-based widia India, a 51-per cent subsidiary of Krupp
 Widia (Germany), is one of the prominent players in the manufacture
 of
 cutting tools equipment and special purpose machinery.
 
 1999 
 
 - Widia, in collaboration with Widia Gmbh of Germany, started
 commercial production in India with a workforce of less than 50 way
 back in 1967.  The collaborators, Widia Gmbh, have an equity
 participation of 51 per cent in its Indian operations.
 
 - The company's supply of rock roller bits to the oil exploration
 sector too would be affected in future as the Union Budget has
 recommended granting exemption to capital goods and products
 imported
 by ONGC and Oil India Ltd. for petroleum operations.
 
 - The company has finalised an agreement with the employees'
 association of its Bangalore plant for a period of 4 years starting
 from January 1, 1998.
 
 - The company's performance depends on the engineering and
 automobile
 sectors.  It has a technical collaboration with Widia, Germany, and
 Sak
 Industries Private Ltd.
 
 2000 
 
 - The Company has announced a 1:1 bonus issue of its shares.  It has
 also proposed a 10-for-1 stock split with the Rs 100 face-value
 share
 to be divided into 1 shares of Rs 10 each.
 
 - The Company has proposed to subdivide its equity shares of the
 face
 value of Rs 100 each to Rs 10 per share in line with the current
 trend
 and expectations of the investors.
 
 - Widia (India) Ltd, the Bangalore-based machine and mining tool
 manufacturer, will issue bonus shares on the basis of one bonus
 share
 for every one held.
 
 - Widia has lowered the face value of its shares from Rs 100 to Rs
 10
 besides issuing bonus shares in the ratio of 1:1.
 
 - Widia India has embarked upon e-commerce by setting up a Web site
 to
 make the reach to the customers and them to the company easier to
 deal
 with the machine tools in which it has a leadership position in the
 country.
 
 2002
 
 -The Widia group is being taken over by the, US-based Kennametal Inc,
 it has already signed an agreement to buy the group in Europe and
 India from Milacron Inc for $170 million.
 
 -idia (India) Ltd has informed BSE that Mr.Juergen Schubert and
 Mr.Andreas Nobis have resigned from the Board of Directors of the
 company. Mr.Gerd Wagner also ceases to be the member of the Board and
 Managing Director and CEO of the company with effect from October 30,
 2002.
 
 2003
 
 Widia India Ltd has announced today (March 6, 2003) appointment of
 Kumar Kanetkar as the Managing Director of the Company.
 
 -Kennametal Widia Board approves sale of mining and construction
 tools business
 
 -Implements a VRS package costing Rs 134 million. Announces the
 launch of Kennametal University  in India to help customers increase
 their manufacturing productivity through better understanding of the
 metalcutting process
 
 -Signs agreement with Sandvik Smith AB for the sale of the Company's
 mining and construction tools business unit at Patancheru in Andhra
 Pradesh
 
 2006
 
 -Company has changed its name from Kennametal Widia India Limited to
 Kennametal India Ltd.                                                
      
                                             
 2007
 
 -Kennametal India Ltd has inducted Mr. Douglas Charles Phillips as
 Directors on the Board of the Company.
 
 -Kennametal India Ltd has appointed Mr. Dinakar A, as Managing
 Director of the Company with effect from July 01, 2007.
 
 2009
 
 - Kennametal India Ltd has appointed Dr. Esat Kamal Yegenoglu as
 Director on the Board of the Company with effect from April 30,
 2009.
 
 2010
 
 - Kennametal India Ltd has informed that the Board of Directors of
 the Company have appointed Mr. Bidadi Anjani Kumar, as Additional
 Director of the Company with effect from April 02, 2010.
 
 - Kennametal India Ltd has appointed Mr. Vinayak Kashinath Deshpande
 as Additional Director with effect from September 06, 2010
 (Non-Executive Independent Director).
 
 2011
 
 - Mr. Kundan Kumar Lal has been appointed as the Company Secretary &
 Compliance Officer of the company.
 
 2012
 
 -Mr. Bhagya Chandra Rao has been appointed as the Managing Director
 of the Company
 
 -Kennametal India  has declared and approved the payment of interim
 dividend of Rs. 25/- per equity share of Rs. 10/- each [250% on the
 paid up capital of the Company].
 
 2013
 -Kennametal Leaders Recognized with Women in Manufacturing STEP
 Awards.
 -Kennametal Celebrates 75 Years of Advancing Innovation.
 
 2014
 -Kennametal Introduces NOVOsphere.
 -Kennametal Receives BMW Supplier Innovation Award.
 -Kennametal, Haimer Joint Partnership for Duo-Lock Modular
 Interface.
 
 2015
 -Kennametal Recognized with Bosch Global Supplier Award
 -Kennametal Ears Boeing Supplier Excellence Award For Quality and
 On-Time Delivery Performance
 
 2020
 
 -Kennametal Partners With Titans Of CNC To Launch Aerospace Academy.
 -Kennametal Named A Gold Winner Of The 2020 Edison Awards.
 -Kennametal board approve the merger of WIDIA India Tooling Private
 Limited with its holding company Kennametal India Limited.  
 
 2023
  
 - Kennametal Introduces New Cutting Accessory - The Chip FA
 
 -Kennametal Adds Blast Ninja to its Leading portfolio of Abrasive
 Blast Nozzles
 
 -Kennametal Introduces Gold Standard Turning Insert Grade with
 Advanced Coating Technology