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The Hi-Tech Gears > Company History > Auto Ancillaries > Company History of The Hi-Tech Gears - BSE: 522073, NSE: HITECHGEAR
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The Hi-Tech Gears

BSE: 522073|NSE: HITECHGEAR|ISIN: INE127B01011|SECTOR: Auto Ancillaries
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Company History - The Hi-Tech Gears
YEAR                                                                  
              EVENTS
 1986 - The Company was Incorporated, and the Company is engaged in
 the manufacture of gears.
              The Company is promoted by Mr. Deep Kapuria.  The
 Company's product cater to
              requirements of Maruti Udyog Ltd., Premier Automobiles
 Ltd., Hindustan Motors Ltd. etc.
 
           - The Company has set up a backward integration project for
 the manufacture of precision
              not/cold die extruded forgings, at its existings plant
 site at Bhiwadi.
 
 1992 - 7,84,000 No. of Equity shares of Rs. 10/- each for cash at
 premium of Rs. 15/- per share
              aggregating to Rs. 1,96,00,000/- on Rights Basis to the
 existing equity shareholders of the
              company in the ratio of 7 equity shares for every 10
 existing fully paid up equity shares held
              in the company.
 
            - The Rights issue, upto 39,200 No. of equity shares of
 Rs. 10/- for cash at a premium of Rs. 15/- per
              share aggregating to Rs. 9,80,000/- will be offered to
 the employees of the company by way
               of Firm Allotment.
 
            - The company has installed sophisticated machineries,
 with PLC and CNC which consumes
               regulated energy.
 
 1993 - During the year, the company had hectic activity both in the
 capital market front as well
             as implementation of the import substitute forging
 project in the shape of backward
             integration of activities.
 
           - During the year, working of the company marginally
 declined in view of the continued
              recession in the Automobile Industry.
 
           - The company came out with Rights Issue of 9,36,600 No. of
 Equity Shares of  Rs. 10/- each at
              a premium of Rs. 12.50 per share aggregating to Rs.
 210.74 lakhs which was opened
              for subscription on 13th April 1993 and closed on 22nd
 May 1993.
 
           - The Company entered the Capital Market for raising funds
 when the whole Market was in
              the Grip of Bears and the investors in general were
 facing resource constraints.
 
 1996 - Lt. Gen J.K. Khanna (Retd) and Mr. G.D. Dutta Directors of the
 company retire at the
              ensuing Annual General Meeting.
 
 1997 - The company has also achieved the ISO 9002 accredition.  
 
           - Mr. Anil Khanna and Lt.Gen(Retd) J.K. Khanna, Directors
 of the Company
              are retiring by rotation, being eligible offer
 themselves for re-appointment.
 
            - The company has acquired the latest design software
 which are helpful in developing
               the gears for the most advanced automobiles.
 
 1998 - Sh. K.L. Kalra, Directors of the Company is retiring by
 rotation, being eligible offer themselves
              for reappointment.
 
            - The company has installed Power Factor Capacitors to
 regulate the phase wise current
               and optimise the usage of electricity.
 
 1999 - The company is developing markets in Germany and is increasing
 its business in U.K.
 
 2000 - Hi-Tech Gears Ltd. has joined hands with Getrag Gears of the
 US to establish
              a joint venture for manufacturing timing gears.
 
            - The company has entered into an agreement with National
 Securities Depository
               Limited in accordance with the provisions of the
 Depositories Act, 1996 which is now fully
               operational and the members may avail of such
 facility.
 
 2005
 
 -Hi Tech Gears has given the Bonus in the Ratio of 1:1
 
 2007
 
 -Hi-Tech Gears Ltd. has appointed Mr. Deepak Rai, as Chief financial
 Officer of the Company w.e.f. June 16, 2007 i.e. the date of board
 meeting.
 
 2008
 
 - Hi-Tech Gears Ltd. has appointed Mr. Ashish Tandon as new Chief
 Financial Officer of the Company w.e.f. April 09, 2008.
 
 2010
 - Hi-Tech Gears Limited has considered and approved the appointment
 of Mr. Anuj Kapuria as Executive Director of the Company.
 
 -Hi Tech Gears has given the Bonus in the Ratio of 1:1
 
 2011
 
 - The Board of Directors declared an interim dividend on equity
 shares @ 15% i.e. Rs. 1.50/- per share on the paid up share capital
 of the Company.
 
 
 2012
 
 - The Board of Directors have declared an Interim Dividend on equity
 shares @ 20% i.e. Rs. 2/- per share on the paid up share capital of
 the Company.
 
 2013
 
 - Board recommended a Final Dividend on equity shares @ 15% i.e. Rs.
 1.50/- per share.
 
 2014
 
 - Board recommended a Final Dividend on equity shares @ 15% i.e. Rs.
 1.50/- per share
 - The Hi-Tech Gears Ltd. has appointed  Mr. Alok Agarwal as the Chief
 Financial Officer.
 - Hi-Tech Group has been awarded TPM Award for Excellence in
 Consistent TPM Commitment by Japan Institute of Plant Maintenance
 (JIPM), Japan
 -The Company has changed its name from Hi Tech Gears Ltd. to The
 Hi-Tech Gears Ltd.                                                   
  
                                                        
 2015
 -Hi-Tech Gears Ltd to change the name of the Company by pre fixing
 The before  existing Name of the Company and making it to The Hi-Tech
 Gears Limited
 
Source : Dion Global Solutions Limited
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