Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Get App Open
In App
Open App

LIVE COVERAGE AND VIDEO PARTNERS

Lenovo Tech Today India Prestige Group Acer India ENO

PARTNERS

Tata AIA Life Insurance
Hafele
Motilal Oswal
SMC Global Securities Limited
SBI Life
DSP Mutual Fund
you are here:

Mysore Kirloskar Ltd.

BSE Live

Dec 27, 11:22
1.90 0.00 (0.00%)
Volume
No Data Available
95
  • Prev. Close

    1.90

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Mysore Kirloskar is not listed on BSE

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Mysore Kirloskar is not listed on NSE
Company History - Mysore Kirloskar
YEAR                                                                  
              EVENTS
 
 1941 - The company was incorporated on 7th April 1941, at Harihar,
 Mysore. 
              The company manufactures machine tools & castings.  The
 other important
               products manufactured by the Company are geared-head &
 cone pulley 
               lathes, capstan & turrent lathes, hacksaw machines &
 power presses.  
               The companies products are marketed under the trade
 marks MK & Kirloskar.
 
 1984 - The company entered into a collaboration with Balding
 Engineering Company 
               U.K. for the manufacture of CNC machining centres &
 with Meceonica Nova, 
               Italy for the manufacture of NC/CNC internal grinders. 
 
 
 1988 - The company received a letter of intent to manufacture
 Aluminium Alloy Castings.
 
 1989 - The company received a letter of intent for manufacture of
 pollution control 
               system & equipments.
 
            - The company has started a joint venture under the name
 Kirloskar Snyder
               General Ltd. in technical and financial collaboration
 with the US company Snyder
               General Inc. to manufacture a complete range of
 pollution-control systems.  
               Both will have a 50% stake in the company.
 
            - The company has also entered into a technical
 collaboration with Linde AG of
               Germany for the manufacture of Waste Water Treatment
 Plants.
 
            - It has a subsidiary by the name of Precision Tooling
 Systems Ltd, in which it has 
              a holding of 51 per cent.
 
            - MKL is the leading exporter of lathes in the country. 
 The company is the first machine
              tool company in India to receive the ISO-9001
 certification by Reotuv Germany.
 
 1997 - The Company has already promoted a Company under the name
 Kirloskar Toyoda 
              Textile Machinery Ltd., (KTTM) in technical and
 financial collaboration with Toyoda
              Automatic Loom Works Limited, Japan, for the manufacture
 and sale of textile machinery. 
 
            - The Authorised Capital of  Company is Rs.150,000,000
 (Rupees One hundred Fifty
               million) consisting of 14,000,000 Equity Shares of
 Rs.10/- each amounting to 
               Rs.140,000,000 (Rupees One hundred Forty million) and
 1,000,000 Preference Shares of 
               Rs.10/- each amounting to Rs.10,000,000 (Rupees Ten
 million). 
 
            - Company has established a new division for the
 manufacture and sale of
               Cobalt Therapy Equipments for the treatment of cancer
 and to deal in other 
               medical equipments also.
 
 1998 - 2,50,000-14% Non-convertible Redeemable Debentures of Rs.100/-
 each
              privately placed with Financial Institutions, redeemable
 in three equal
              yearly instalments commencing from 4th November, 1996,
 at a premium of
              5% payable with the last instalment.
 
            - b) 1,00,000 - 20% Non-convertible Redeemable debentures
 of Rs. 100/-
              each, privately placed with SBI Mutual Fund, at premium
 of Rs.5/- each,
              redeemable in three equal instalments commencing from
 5th June, 1998 at
              a premium of 5%, payable with the last instalment.
 
           - c) 6,55,540 - 15.63% fully paid Partly Convertible
 Debentures of Rs.100/- each, 
              privately placed with ICICI, redeemable in 20 quarterly
 instalments commencing from 
              15th May, 1996.
 
            - d) 65,200-15.08% fully paid Non-convertible Debentures
 of Rs.100/- each, privately 
               placed with IFCI, redeemable in 20 quarterly
 instalments commencing from 15th
               May, 1996.
 
             - e) 5,67,750 - 16.63% fully paid Non-convertible
 Debentures of Rs.100/- each, privately 
                placed with IDBI, redeemable in 22 quarterly
 instalments commencing from 1st January,
               1996
 
 1999 - a) 2,50,000 - 14% Non-convertible Redeemable Debentures of
 Rs.100/- each privately 
               placed with Financial Institutions, redeemable in three
 equal yearly instalments 
               commencing from 4th November, 1996, at a premium of 5%
 payable with the last instalment.
 
            - b) 1,00,000- 20% Non-convertible Redeemable Debentures
 of Rs.100/- each, privately 
               placed with SBI Mutual Fund, at a premium of Rs.5/-
 each, redeemable in three equal
               instalments commencing from 5th June, 1998 at a premium
 of 5%, payable with the last instalment. 
 
            - c) 6,55,540 - 15.63% fully paid Partly Convertible
 Debentures of Rs.100/- each, privately
               placed with ICICI, redeemable in 20 quarterly
 instalments commencing from 15th May, 1996.
 
            - d) 65,200- 15.08% fully paid Non-convertible Debentures
 of Rs.100/- each, privately 
               placed with IFCI, redeemable in 20 quarterly
 instalments commencing from 15th May, 1996. 
 
            - e) 5,67,750 - 16.63% fully paid Non-convertible
 Debentures of Rs.100/- each, privately placed
               with IDBI, redeemable in 22 quarterly instalments
 commencing from 1st January, 1996. 
 
             - f) 5,02,807- Fully paid up Non-convertible Part B of
 Rs.44/- each of 12.5% Secured Redeemable
               Partly Convertible Debentures of Rs.100/- each, falling
 due on 1st June, 1998.
 
 2000 - Due to the shifting of operations from the company's Hubli
 plant to Harihar, there
              was a loss of production and consequently sales for a
 period of eight months.
 
            - During September, the company has entered into an
 agreement with
              M/s. 600 UK Limited, England for exports of substantial
 quantity of machines from
              April, 2001 onwards, which will improve sales of the
 company.