Mirc Electronics Ltd.

1981 
 
 - The Company was incorporated on 01 January as Mirc Electronics
 Private Limited.  The word Private was deleted from the name on 13th
 September, 1988 pursuant to Section 43-A(1A) of the Act, and a fresh
 certificate was issued by the Registrar of Companies, Maharashtra on
 18th September, 1992 converting the company into a Public Limited
 Company.
 
 - Mirc Electronics Limited was promoted by Mr. Gulu L. Mirchandani,
 Mr.
 Vijay J. Mansukhani and Mr. Sonu L. Mirchandani.  Guviso Holdings
 Limited is the holding company of Mirc Electronics Limited. 
 
 - The other listed companies promoted by the promoters are Onida
 Saka
 Ltd., Onida Savak Ltd. and Monica Electronics Ltd. which are engaged
 in
 the manufacture of Colour Televisions, Black & White Televisions,
 Video
 Cassette Recorders, Audios, Air Conditioners, Washing Machines,
 Electronic Tuners and other electronic products.
 
 1993
 
 - The Company has launched two new models with better aesthetics and
 quality that the `ONIDA' brand demands.  With the introduction of
 full
 range of Black & White televisions.
 
 - The Company has also recently launched a new colour television,
 incorporating state-of-the-art features for superlative performance.
 The remote control set for this product offers master command, which
 have been recently introduced in Japan.
 
 - The Company has also introduced Brother fax machines in the Indian
 market.
 
 - The Company had offered for public subscription 12,67,500-15%
 Secured
 Fully Convertible Debentures of Rs.225/- each aggregating to
 Rs.28.52
 crores.
 
 1994 
 
 - The Company is also introducing 'ONIDA ARCADES', which shall be
 exclusive 'ONIDA' showrooms, situated in the prestigeous upmarket
 locations.
 
 - The Company had launched 6 new models in the middle segment,
 introducing products like Stereo Radio Recorders and MIDI systems.
 
 - As on 1st April, 16,90,000 Part 'B' Fully Convertible Debentures
 of
 the Company has been converted into 16,90,000 No. of Equity Shares
 of
 Rs.10/- each at a premium of Rs.140/- each; and 1,70,000 Part 'A'
 Convertible Portion of NCD's issued on private placement to Unit
 Trust
 of India had been converted into 1,70,000 Equity Shares of Rs.10/-
 each
 at a premium of Rs.140/- each aggregately resulting in an increase
 of
 the Equity Capital from Rs. 5.17 crores to Rs.7.03 crores.
 
 1995 
 
 - The Company introduced the state of the art Wide Vision (16.9
 aspect
 ratio) TVs and top of the line Component Audio systems.
 
 - The Company introduced three contemporary models (component
 systems)
 targeted at the top end of the Audio Market.  The products have been
 well received in the market.
 
 - The Company introduced two new products in the personal audio
 systems
 category and three models in the low end market.
 
 - The Company was awarded ISO 9001 certification during the period
 under review.  The improved compliance with the laid down Systems &
 Procedures, Total Quality Management discipline, Cost reduction &
 Value
 engineering would go a long way in fine tuning the performance of
 your
 Company.
 
 1998 
 
 - The Company has come out with a new range of products christened
 Techno Value, which have been launched with considerable success.  
 
 1999 
 
 - In technical collaboration with JVC, the company has also launched
 several other products aimed at the top-end of the market. These
 include a 42-inch plasma TV, a 29-inch flat TV, and a 29-inch swivel
 base TV. For the young generation, it has launched 14-inch TVs with
 colour bodies called Candy.
 
 - The Company had launched two brands Web Cruiser (television with
 Internet facility) and Candy, about a month back.
 
 - The Company launched two brands -- Web Cruiser (television with
 Internet facility) and Candy this year.
 
 - The Company recently introduced `Igo' the economy model.
 
 - The Company launched 13 new products, a few of which took even its
 multinational competitors by surprises.
 
 2000 
 
 - The Company has introduced Onida KY Thunder, incorporating
 bassblaster technology.
 
 - The company, manufacturer of the Onida brand of television, has
 been
 awarded the second prize for excellence in consumer electronics by
 the
 Ministry of Information Technology.
 
 - Mirc Electronics, makers of the Onida band of Television, has
 joined
 hands with Italian Professional designer Gulliano Bellini and SRS
 labs
 Inc of the US, to launch a designer 21-inch colour tevevision,
 Profile.
 
 - Mirc Electronics, manufacturers of Ondia telvision, has won the
 A&M
 award in the gold category for its television commercial, Kargil.
 
 - The Company has tied-up with the US-based TeleCruz Technology to
 manufacture Internet TVs and set-top boxes.
 
 - The Company approved the proposal of issue up to 20,00,000 No.
 Equity
 shares to UTI and up to 10,00,000 No.of equity shares to LIC of
 India
 on preferential basis.
 
 2002
 
 -Company declares interim dividend @225% on the paid up share capital
 of the
 company.
 
 -The Board approves the Scheme of Arrangement of Onida Infotech
 Services Ltd
 with the company.
 
 -Mirc releases a new TV brand 'Igo' targeting the rural market.
 
 -Mirc wins case filed by Sony, since their were no complaints
 launched by any customer 
 against Mirc.
 
 -Promoters of Mirc have increased their stake in the company by 7% to
 the present 64%
 through the creeping acquisition route.
 
 -Mirc Electronics forays into audio, air-conditioner and home
 appliances market.
 
 
 2003
 - Fitch Ratings India Private Limited assigned a 'F1 + (ind)' [F one
 plus (ind)] rating to the Rs.200mn commercial paper programme of the
 company
 
 -The  company's equity shares  having a nominal and paid up face of
 Rs 10/- per share are subdivided into Equity Shares having a nominal
 and paid up face value of Re 1/- per share.
 
 -Company has appointed Mr Vinod Verma as its Company Secretary and
 Compliance Officer wef November 1, 2003 after Mr Sanjay Jain resigned
 from the post.
 
 2004
 
 -MIRC Electronics members approve increase in FII Limits to 49%
 
 -Mr Vinod Verma, GM Finance & Company Secretary of the Company is
 hereby appointed as the Compliance Officer
 
 -Mirc Electronics Ltd. has informed that pursuant to the Companys
 application for voluntary delisting of equity shares under SEBI
 (delisting of securities) Guidelines 2003, the Bangalore Stock
 Exchange Limited vide their Letter dated January 30, 2004 have
 delisted the Companys securities from their exchange wef January 30,
 2004.
 
 - Equity shares delisted from Delhi Stock Exchange
 
 -Delists Shares from Madras Stock Exchange
 
 2005
 
 -Mirc Electronics ties up with Wal-Mart for putting made-in-India TV
 
 -Mirc Electronics claimed that it had become the second largest CTV
 maker in the country 
 
 2006
 
 -Mr. Girjesh Shrivastava has been appointed as Assistant Company
 Secretary and Compliance Officer of the company.
 
 2007
 
 -Mirc Electronics has declared an interim dividend @ 75%
 
 2008
 
 -Mirc Electronics has recommended 100% dividend 
 
 2009
 
 -Mirc Electronics has recommended a dividend of Rs 0.40/- per equity
 share of face value of Re 1/- each 
 
 2010
 
 -Mirc Electronics Ltd has recommended a dividend of Re. 0.95 paise
 per equity share of face value of Re. 1/- each
 
 2011
 
 -Mr. Shatrughan Singh has joined the company as  Deputy Company
 Secretary.
 
 -Mirc Electronics have recommended a dividend of Re. 1.00 per equity
 share of Re. 1 each.
 
 
 2013
 
 -Mr. Shyamsunder Dhoot, Vice President-Operations has been appointed
 as an Additional & Whole Time Director of the Company
 -Dr. YV Verma has been appointed as the Chief Executive Officer of
 the company 
 
 -Won an award from MICE Travel Mart Corporate Star Awards 2013 for
 Best Incentive program for Distributors/Dealers Onida ranked 27th
 position in the The Brand Trust Report, India Study 2013.
 
 2014
 
 -Mirc Electronics focuses to gain market leadership in consumer
 durables segment.
 
 -The Company was appointed as the authorised national distributor for
 Vivitek range of Data Projectors.
 
 
 2015
 
 -The Company launched the I-genius Smart Air Conditioners. This AC is
 based on the IOT – INTERNET OF THINGS technology and can be completely
 controlled from the owner’s Smart Phone through Wi-Fi.
 
 2016
 
 -Regalio Invertor AC Launched - Taking Artificial Intelligence to the
 next level, Introducing Smart Wi-Fi AC with Inverter technology which
 caters to the taste of evolving Indian consumers.
 
 
 2017
 
 -Amalgamation of Akasaka Electronics Limited (Transferor Company)
 with MIRC Electronics Limited (Transferee Company).
 
 2018
 
 -Launched the KY Super thunder reloaded, maximum impact maximum sound
 powered by Android 7.0. Launched The UIC SERIES, A google certified
 artificial Intelligence 4k UHD TV powered by Android 8.0
 
 2020
 
 -MIRC Electronics Limited has launched  Refrigerators ''.