Company History - KSB
YEAR EVENTS
1960 - The company was incorporated. The Company was promoted by
Lein,
Schanzlin & Becker A.G., West Germany, Industrial &
Prudential
Investment Co. Ltd., Mumbai and Mr. F.K. Heller, an
expatriate
German national. The Company manufacture power driven
process
pumps for use in the fertiliser, chemical and petrochemical
industries and pumps for nuclear power stations.
1971 - 20,000 Right shares issued at par. 10,000 shares on 25.2.1964
in
prop. 1:2 and 10,000 shares on 8.6.1970 in prop. 1:3.
1972 - 10,000 Bonus shares issued in prop. 1:4.
1977 - The project for the manufacture of nuclear power pumps was to
be
set up in the MIDC Industrial Area in Pimpri-Bosari. The
Company
took up a new project for the manufacture of 4 submersible
pumps
and valves at Coimbatore. A technical collaboration
agreement
was signed with VELAN inc., Montreal, Canada for this purpose
and
ICICI sanctioned term loans of Rs 640 lakhs.
- After the issue of capital to the public during August, the
shareholding in the Company of Canadian Kay Pump Ltd., of
Toronto, Canada which is the holding company for certain
overseas
manufacturing companies associated with KSB, Germany stood
reduced from 65% to 51.3%.
- Shares subdivided in June. 2,50,000 Bonus shares issued in
prop.
1:2. 2,00,000 shares offered to the public in August 1977
(prem.
Rs 7.50 per share).
1981 - The Company issued on 7th October, to its shareholders
1,66,707
- 13.5% 9-year secured convertible debentures of Rs 75 each
for a
total amount of Rs 1,25,03,025 on rights basis. The
allotment
was made on 12th January, 1982.
- 45,000 shares issued (prem. Rs 3.50 per share) to LIC on
conversion of loans. 46,837 shares issued (prem. Rs 3.50 per
share) to Canadian Kay Pump, Ltd., Canada.
1982 - 9,66,835 Bonus shares issued in prop. 4:5 in January 1983.
1983 - In terms of the convertible debentures 20% of the face value
of
each debenture (Rs 15 was converted into one fully paid
equity
share of Rs 10 each at a premium of Rs 5 per share) on 12th
January.
- Grade-O-Castings Ltd., is a subsidiary of the Company.
1988 - The Company entered into a long term agreement with Nuclear
Power
Corporation of India Ltd., for the manufacture of bigger
pumps
for nuclear power station.
- 21,75,379 Bonus shares issued in prop. 1:1.
1989 - 43,50,758 Bonus Equity shares issued in prop. 1:1.
1996 - 87,01,516 No. of equity shares issued as bonus in prop. 1:1.
2002
-Mumbai High court sanctions the scheme of amalgamation of
Grade-O-castings Ltd with the company.
2003
-M/s Paharpur Cooling Towers Ltd acquired 74964 ie., 0.43% equity
shares of the company by Inter Se Transfer Mode.
-Specified Undertaking of the UTI has sold 4,72,220 shares amounting
to 2.71%.
-Declares interim dividend @ 10% on equity shares of Rs.10 fully paid
up.
- Unit Trust of India has sold 4,72,220 shares amounting to 2.7139%
of KSB Pumps Limited
2006
-KSB Pumps Ltd has informed that Mr. Heinz-Jurgen Otto has been
appointed as a Non-executive Director of the Company.
2007
- Ksb Pumps Ltd. has appointed Dr. Wolfgang Schmitt as a
non-executive director of the Company.
2008
-KSB Pumps Ltd has appointed Mr. Pradip Shah as a director of the
Company.
2009
-KSB Pumps has recommended 35% final dividend making a total dividend
of 55% (including 20% interim dividend)
2010
-KSB Pumps has recommended Rs. 10.50 per share of Rs. 10/- each final
dividend making a total dividend of Rs. 12.50 per share (including 20%
interim dividend)
2011
-Mr. Mahesh G. Bhave is appointed as Company Secretary and Compliance
officer of the Company. Mrs. Mitra P. Parchure is appointed as
Assistant Company Secretary.
-KSB Pumps has given the Bonus in the Ratio of 1:1
2012
-KSB Pumps has recommended 30% final dividend making a total divdend
of 40% (including 10% interim dividend).
2013
-KSB Pumps Ltd inaugurated a new Cast Iron Foundry at the existing
facilities in Vambori near Ahmednagar.
-KSB Pumps Ltd have declared Second Interim Dividend @ 45% i.e. Rs.
4.50 per share.
2014
-KSB Pumps Ltd., India, launched the latest generation of its Etanorm
series.
-KSB in India, has launched a new generation of hot water
recirculation pump without external cooling.
2015
-KSB Indias Make in India initiative - New generation high pressure
pumps for supercritical applications
-Product Launch KSBSol
2017
-KSB Pumps Limited has informed the Exchange regarding ''Commencement
of commercial production at Company''s Shirwal unit''.
2019
-Slurry Recirculation Pump KWP for FGD Application
-Horizontal Axially Splitcase Pump - Gamma
2021
-Slurry Recirculation Pump (Smaller sizes- KWP for Industrial
Application
-Launch of Authorised Service Station at Baddi, Himachal Pradesh
2022
-KSB Ltd. Highest ever Order Intake of INR 20,456 million in 2022.
-KSB Ltd open New branch offices in Patna,
-KSB Ltd product launch - Aqua Series pumps.
2023
-KSB Limited Received Order Around INR 55 Crores From Nuclear Power
Corporation Of India Limited.
-KSB received letter of award under PM-Kusum III Scheme under
component B of INR 27.78 Crores for 800 solar water pumping systems
from Department of Agriculture.
