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Transport Corporation of India Ltd.

BSE: 532349 | NSE: TCI |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE688A01022 | SECTOR: Transport & Logistics

BSE Live

Aug 06, 16:00
171.00 -1.95 (-1.13%)
Volume
AVERAGE VOLUME
5-Day
2,350
10-Day
2,301
30-Day
3,144
8,868
  • Prev. Close

    172.95

  • Open Price

    172.50

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Aug 06, 15:58
171.20 -1.25 (-0.72%)
Volume
AVERAGE VOLUME
5-Day
20,736
10-Day
30,959
30-Day
32,525
25,146
  • Prev. Close

    172.45

  • Open Price

    173.50

  • Bid Price (Qty.)

    171.20 (308)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Transport Corporation of India
YEAR                       EVENTS
 1965 - The Company was incorporated in the State of Assam as a
 private 
        limited company on 6th April, with the main object of taking
 over
        as a going concern the business then carried on under the
 name
        and style of Transport Corporation of India.  Accordingly,
 the
        transport business was taken over in April, and the diesel
 pump
        business and immovable assets in February 1967.
 
      - The main object of the company is transport of goods by road,
        dealing in petroleum products & manufacture of textiles and
 yarn.
        The transport division commenced new activities in shipping &
        liquid transportation
 
 1970 - 200 shares subscriber for by the signatories to the Memorandum
 of
        Association and 14,800 shares issued without payment in cash.
 
 1971 - 5,000 shares issued to directors, etc.
 
 1972 - 10,500 shares issued to directors, etc.
 
 1973 - The rolling mill unit, acquired from Bangalore Rolling &
        Structurals, Ltd, went into production in October.
 
      - Authorised capital reclassified and increased.  Shares
        subdivided.
 
 1975 - With effect from 1st June, the Company acquired a textile mill
 in
        Mumbai and started running it under the name Mukesh Textile
        Mills.
 
 1976 - 4,80,000 shares offered to the public (prem. Rs. 10 per share
        during May 1975.
 
 1977 - 8,00,000 Bonus shares issued in prop. 1:1.
 
 1981 - The working results of Mukesh Textile unit were adversely
        affected due to steep increase in the cost of all inputs and
 also
        due to a strike by workmen from 18th January, 1982.
 
      - Authorised capital increased 16,00,000 Bonus equity shares
 issued
        in prop. 1:1.
 
 1984 - The operations of Wire Rod mill unit were adversely affected
 due
        to massive power cuts coupled with shortage of supply of
 steel
        billets.
 
      - There was no manufacturing activity due to strike by workmen
 and
        a major fire in the mill.  An application for closure of
 Mukesh
        Textile mills unit was pending with the Mumbai High Court.
 
      - The Company revalued the leasehold land, buildings, plant and
        machinery of its Mukesh Textile Mills in Mumbai as on 30th
 June. 
        The net surplus arising out of this was credited to capital
        reserves.
 
      - Land and Buildings of the transport division were revalued as
 on
        1st July, and the net surplus arising out of this was credited
 to
        capital reserves.
 
      - Land, buildings and plant and machinery of the Bhoruka
 textiles
        unit were revalued as on 1st July, and the net surplus
 arising
        out of this was credited to capital reserves.
 
      - The buildings, plant and machinery of the wire rod mill at
        Bangalore were revalued as on 1st July, and the net surplus
        arising out of this was credited to capital reserves.
 
      - Bhoruka Textiles, Ltd., Chanderpal Investments, Ltd., and TCI
        Investments, Ltd. (formerly Rajat Investments, Ltd.) are
        subsidiaries of the Company.
 
      - 1,88,720 shares issued at par to financial institutions on
        conversion of loans.
 
 1985 - The Company privately placed with Unit Trust of India 1,50,000
 -
        15% secured redeemable non-convertible debentures of Rs. 100
        each.
 
      - During Feb. 1986, 16,94,860 Bonus equity shares issued in
 prop.
        1:2.
 
 1986 - In August, Shipping division acquired one more vessels named
        M.V. Bhoruka Prabhu.
 
      - There was no production activity due to continued strike. 
 The
        Government of Maharashtra rejected the closure application
        forwarded by Mukesh Textile mills bench of Mumbai High Court.
 
      - The Transport division commenced new activities in shipping
 and
        liquid transportation.  The Shipping division commenced
 operation
        on 21st October.
 
      - The collapsible containers division made a small beginning
 with
        the manufacture of collapsible containers for transportation
 of
        liquids.  The division also undertook marketing activities of
        collapsible containers.
 
      - During April, the Company offered for sale 10,00,000 No. of
        equity shares of Rs. 10 each at a price of Rs. 15 per share
        linked to 4,00,000 - 15% secured redeemable non-convertible
        debentures of Rs. 100 each.  Out of this, 20,000 No. of
 equity
        shares linked to 8,000 debentures were reserved for
 preferentail
        allotment to Business Associates, Directors etc. and 50,000
 No.
        of equity shares linked to 20,000 debentures were reserved
 for
        preferential allotment to the employees of the Company.  
 
      - The balance of 9,30,000 No. of equity shares linked to
 3,72,000
        debentures were offered for public subscription during
 April-May,
        of which 2,50,000 No. of equity shares linked to 1,00,000
        debentures were reserved for prefernetial allotment to
        non-resident Indians on non-repatriation basis.  Every
 applicant
        applying for the equity shares was to apply simultaneously
 for
        debentures also and vice versa in the proportion of 50 No. of
 
        equity shares and 20 debentures or multiples thereof for
 Indian
        public, employees & Business Associates and 100 No. of equity
 
        shares and 40 debentures or multiples thereof for
 non-residents.
 
 1988 - Turnover of Transport division registered a growth of 10%. 
        Rent-A-car operations commenced in March, 89 in some cities
 with
        a small fleet of non-airconditioned cars.
 
 1989 - Turnover improved by 17% on an annualised basis over the
 previous
        period.  The wheels rent-a-car division operated from six
 major
        cities hiring over both air-conditioned and non-air
 conditioned
        cars.
 
      - Shipping division proposed to introduce voyages in Indian
 coastal  
        waters to adjacent foreign ports and also buy log carriers,
 mini
        bulk carriers and offshore vessels for future expansion.
 
 1990 - The wheels rent-a-car division expanded the network to four
 more
        cities.  The self drive service was well received by the
        customers.
 
      - There was a setback in the Shipping division due to lower
 tonnage
        transported, lower realisation of rate per ton and breakdown
 of a
        ship resulting in an increase of both semi variable and fixed
        overheads.
 
      - With effect from 1st April, the wire rod mill was transferred
 to
        `Bhoruka Steel, Ltd.'.
 
      - The division was set up for buying and selling of Forex i.e.
        money changing business.  The RBI was approached by the
 division
        for licenses to open branches in few more centres in India.
 
 1992 - During 1992-93 and 1993-94, shipping division registered an
        increased turnover at 4% and 23% respectively.  During the
 year,
        4th ship. M.V. Bhoruka Vikram was to be added to the fleet.
 
      - 25,42,290 bonus shares issued in prop. 1:1.5.
 
      - The Wheels Rent-A-Car division has also introduced a new
 scheme
        of long term renting of cars under which cars of various
 models
        can be rented for a period of 36 months on self drive basis
 by
        the customers.  The scheme has been initially introduced in
        Bombay and Delhi and is expected to get a good response.
 
      - The Company has formed a new division in the name and style
 of
        `TRANS CORP INTERNATIONAL BUREAU D'EXCHANGE' for conducting
 the
        business of money changer i.e. buying and selling of Forex.  
 
 1993 - Despite nationwide transport, strike, transport divisions
        turnover improved by 19%.
 
      - The Desk-to-desk cargo division proposed to increase the
 network
        by introducing 25 branches.
 
      - On 5th March, the Company allotted 25,42,290 No. of equity 
        shares of Rs. 10 each fully paid as Bonus Shares to the
 members
        in  the proportion of one share for every two shares held.  
 
 1994 - During May, the Company issued 6,35,575 - 15% secured fully
        convertible debentures of Rs. 120 each on Rights basis in the
        proportion 4 debs : 50 No. of equity shares held (all were
 taken
        up).
 
      - Part A of Rs. 40 was to be converted into one equity shares
 of
        Rs. 10 each for cash at a premium of Rs. 30 per share on the
 date
        of allotment.
 
      - Part B of Rs. 80 was to be converted into 2 equity shares of
 Rs.
        10 each at a premium of Rs. 30 per share after 12 months from
 the
        date of allotment of debentures.  Accordingly 6,35,575 No. of
        equity shares were allotted on 30th June.
 
      - Another 10,59,425 - 15% secured redeemable partly convertible
        debentures of Rs. 120 each were issued through the Prospectus
 as
        follows.
 
      - i) 2,64,800 PCDs on preferential allotment basis to the
        promoters.
 
      - ii) 1,00,000 debentures on firm allotment to UTI.
 
      - iii) 53,000 debentures on firm allotment to SCICI Ltd.
 
      - Balance 6,41,625 debentures were issued to the public (all
 were
        taken up).  Rs. 40 of the face value of each debenture was to
 be
        converted into 1 equity shares of Rs. 10 each at a premium of
 Rs.
        30 per share on the date of allotment of debentures.  Balance
 Rs.
        80 of the face value of each debenture was to be redeemed in
 four
        equal annual instalments of Rs. 20 each at the end of 6th,
 7th,
        8th & 9th year respectively from the date of allotment of
        debentures.
 
 1995 - The Company has received ISO-9002 Certification. 
 
      - The Company has also allotted 284800 PCDs of Rs.120/- each to
 the
        employees on 31st January.  Out of 4,00,000 debentures issued
 to
        the Public in 1985-863,00,000 Debentures have been redeemed as
 
        on 17th June.
 
      - TCI launched its sea cargo division, TCI Seaways Ltd., to
 carry
        cargo between the mainland and the Andaman and Nicobar
 Islands.
 
 1997 - Transport Corporation of India Ltd (TCI) have launched a new
        division - XPS Cargo services.  Christened XPS, this new
        door-to-door service is exclusively designed to meet the
 needs
        of the time sensitive high value small cargo.
 
 1999 - Transport Corporation of India (TCI) and Mitsui & Co Ltd,
        Japan's largest general trading company, have joined hands to
        set up a new joint venture company.
 
      - TCI, has entered into two-year contract with Sathyam Infoway
        through VSNL for a lease line with capacity of 64 Kilo bytes
 per
        second (KBPS). 
 
      - The company has signed a joint venture with Mitsui & Co. in
 the
        field of automotive logistics.  
 
 2000 - The Company has launched a vertical portal on logistics, to
              provide information and services to the industry.
 
           - The Company has proposed to delist its shares from the
 Bangalore,
             Calcutta, Cochin and Madras stock exchanges as the volume
 of
              trading on these SEs has reduced.
 
           - XPS Door-to-Door Express Service, a division of the
 Transport
             Corporation of India, has launched Anmol Rakhi to
 facilitate
             sending of rakhis to anywhere in the country and abroad.
 
           - The Company has launched logisticsfoccus.com.
 
           - ICRA reaffirmed the `LA' and `MA+' ratings assigned to
 the partly
             convertible debenture and fixed deposit programme of the
 Company.
 
 2001
         Transport Corporation of India Ltd (TCIL) has received ISO
 9002 certificate. 
 
 
 2004
 
 - Transport Corporation of India-promoted XPS ties up with Emirates
 Post of UAE and launches new inbound parcel service named 'Bharat
 Parcel Guaranteed' which offers full refund of parcel charges if the
 parcel is not delivered within two weeks of booking.
 
 2005
 
 -XPS Global signs agreement with Chinese logistics firm
 
 2006
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2007
 
 -Transport Corporation of India Ltd has appointed Mr. R V Raghavan as
 Additional Director of the Company.
 
 2008
 
 -TCI celebreted its 50 years. Expanded its Global footprints from 3
 to 8 countries. Received 'Best 3PL Awards for the year'.
 
 2009
 
 -Expanded its Global footprints to 12 countries. Received 'Best 3PL
 Express, Logistic & Supply Chain Awards for the year' This is for the
 third time in the row that we have bagged the ELSCC Award.
 
 2010
 
 -Infinite Logistics Solutions Private Limited(ILSPL) has formed a
 joint venture between TCI and CONCOR for bulk multimodal logistics
 solutions by rail and road.
 
 2012
 
 -TCI Bags Road Tranporter of the Year & TCI Supply Chain Solutions
 bags the Warehouse Service Provider of the Year8th-February-2012.
 
 2013
 -TCI Apex Pal Hospitality Pvt. Ltd forms a JV with Singapore based
 restaurant chain Sakae Sushi.
 -TCI wins Mahindra Transport Excellence Award 2013
-TCIF organizes
 Truckers Utsav to mark celebrations of World AIDS Day.
 -TCI Ltd has recommended Payment of Final Dividend @ 30% (Rupee 0.60
 per share of face value of Rs. 2/- each).
 
 2014
 -TCI XPS continues its 15th year Anmol Rakhi Service across 13000
 locations in India and
 Worldwide.
 
 2015
 - Frost & Sullivan Award 2015 To TCI Supply Chain Solutions for India
 Domestics Logistics Services Company 
 
 2016
 -TCI Ltd Recives Overall Excellence in Logistics & Supply Chain Award
 
 -TCI Ltd Recives Domestic Logistics Service Provider of the Year
 Award 
 -TCI Ltd Manufacturing Supply Chain Service Provider of the Year
 (Overall) Award
 -CSR Leadership Award 2016 To TCI Foundation for Concern for Health