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Taneja Aerospace and Aviation

BSE: 522229|NSE: TANEJAERO|ISIN: INE692C01020|SECTOR: Miscellaneous
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Company History - Taneja Aerospace and Aviation
YEAR                                                              
 EVENTS
 1988 - The company was incorporated on 22nd July, for manufacture of
 
              aircraft for civilian use.  It was promoted by B. R.
 Taneja, his
              associates and The Indian Seamless Metal Tubes Ltd. 
 
            - The company undertook to set up a project for
 manufacture of P-68 
               aircrafts with three variant viz. P-68C (twin piston
 engine, non
               pressurised), P-68 C-TC (twin piston engine turbo
 Charged) and
               P-68 Observer (same as P-68 C-TC with forward and
 downward view
               equal to that of a helicopter).  It has an empty weight
 of 1320
               Kgs and payload of 764 Kgs, with a capacity to attain a
 maximum
               speed of 322 Kmph, 1550 ft./min rate of climb, landing
 run of 215
              mtrs and an optimum cruising range of 2170 Kms at 12000
 ft.
 
      - Land admeasuring 4438 sq. mtrs. was acquired at Denkanikotta 
        Taluka, Dharmapuri dist. of Tamil Nadu.  Main items of plant
 and
        machinery such as jigs and testing facilities were to be
 imported
        from Partenavia SRL Via G. Pascoli, Casoria (Napoli) Italy,
 and
        control tooling from Allied Signals Pennsylvania, USA.  The
        company would get part of aircraft to be assembled in India.
 
      - The company entered into two agreements with Partenavia 
        Construzioni Aeronutliche S.R.L. Italy for manufacture and
 sale
        in India P-68 and Viator aircraft.  The agreement is valid for
 a
        period of 10 years.
 
      - Also entered into another agreement with National Aeronautical
 
        Laboratory, Bangalore as a risk sharing partner for joint
        development and commercial production of NAL's indigenous
        composite material two seater light trainer air craft.
 
 1995 - The dependence on supplies from the collaborator, the company
 has 
        taken necessary premission to indigenise the components.
 
      - In addition to having been appointed as Authorised
 representative 
        of Cessna's business jet line of aircraft, the company also
        expected to be appointed a the ASR for Cessnas Caravan
 Aircraft.
 
      - During the year, as a part of its diversification programme
 the 
        company undertook to set up repairs and maintenance
 facilities
        for Cessna aircraft and was also exploring the posibility of
        expanding the flying academy facilities with the objective of
        making it an academy of international repute.
 
      - 2,05,600 No. of equity shares of Rs. 10 each issued,
 subscribed 
        and paid up.  112,94,400 No. of equity shares of Rs. 10 each
 then
        issued at par of which 62,94,500 shares were reserved for
        allotment on a firm basis to promoter company, promoters,
        directors etc.  Of the balance, the following were reserved
 for
        allotment on a preferential basis to the following:
 
      - (i) 1,50,000 shares to Indian working directors/workers of the
 
        company and promoting company (only 1,23,400 shares taken
 up).
 
      - (ii) 5,00,000 to shareholders of promoter company.
 
      - Balance 43,50,000 shares along with 26,600 shares not taken up
 by 
        employees were issued to the public (all were taken up).
 
 2000 
 
 -The Company is setting up a software division to address the
 software needs of the sector, leveraging its its domain knowlege with
 its Bangalore location.
 
 2003
 
 -Indus Aviation, a US based company, has tied up with Taneja
 Aerospace & Aviation Ltd. (TAAL) to produce light aircraft in India.
 
 2007
 
 -Taneja Aerospace signs contract with Cessna Aircraft Company for two
 aircrafts - Citation XLS and CJ2.
 
 -Taneja Aerospace signs MOU with PSU engineering major BEML
 
 -The company has created E-mail ID for Investor Complaints:
 secretarial@taal.co.in
 
 2008
 
 -Registered Office of the Company has been shifted From Lunkad
 Towers, Viman
 Nagar, Pune - 4110114 To Belagondapalli Village, Thally Road,
 Denkanikotta Taluk, Krishnagiri District, Belagondapalli - 635114,
 Tamil Nadu.
 
 -Taneja Aerospace enters into MRO Facility Agreement with AWACS
 
 2009
 
 -TAAL Technologies Pvt. Ltd has become a Wholly Owned Subsidiary of
 the Company.
 
 2011
 - Taneja Aerospace & Aviation Ltd. has appointed Mr. Nilesh Jain as
 Company Secretary & Compliance Officer of the Company.
 
 2015
 -Scheme of Arrangement between Taneja Aerospace and Aviation Limited 
 and TAAL Enterprises Limited.
 
 
 
 
 
Source : Dion Global Solutions Limited
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