Company History - Trent
YEAR EVENTS
1952 - The Company was incorporated on 5th December, at Mumbai. It
manufactures cosmetics, perfumery, toilet preparations, basic
drugs, drug intermediates and formulations thereof.
1978 - 20,000 bonus shares issued in prop. 4:5.
1981 - 36,000 bonus shares issued in prop. 4:5.
1982 - The Tata Oil Mills Co. Ltd., offered for sale 4,17,000 No. of
equity shares of Rs 10 each of the Company at a premium of Rs
10
per share.
- 5,00,000 shares of Rs 10 each then issued (prem. Rs 10 per
share)
of which 40,000 shares reserved for preferential allotment to
the
employees/business associates of the Company. The balance
4,60,000 shares (along with reserved quota not taken up if
any)
offered for public subscription during December.
1985 - In May/June, in order to augment the long-term resources for
working capital requirements, the Company issued 15%
non-convertible secured debentures of Rs 100 each of the
aggregate value of Rs 1.25 crores on `Rights basis' in the
proportion of one debenture for every 10 equity shares held.
These debentures are redeemable at a premium of Rs 5 per share
on
the expiry of seven years from the date of allotment.
- The Company received separate industrial licence for the
manufacture and exports of various types of medical equipment
from Kandla Free Trade Zone.
- Application was also made for conversion of the letter of
intent
into Industrial Licence in respect of the project for the
manufacture of pharmaceutical formulations.
- 5,24,000 bonus shares issued in prop. 2:5 in March 1986.
1986 - Two separate undertakings were established for the manufacture
of
medical equipments and pharmaceutical formulations
respectively
at the Kandla Free Trade Zone.
- The Company issued 2,75,000-13.5% secured redeemable
convertible
debentures of Rs 100 each as follows: (i) 2,62,000 debentures
to
the existing equity shares holders on rights basis in the
ratio
of 1 debenture for 7 equity shares held and (ii) 13,000
debentures to the employees/workers on equitable basis.
- Out of the employees' quota only 7,690 debentures were taken
up
and the balance 5,310 debentures were allowed to lapse. Thus
a
total of 2,69,690 debentures were allotted.
- A portion of Rs 25 of each debenture was compulsorily
converted
into 1 equity share of Rs 10 each at a premium of Rs 15 on the
expiry of 1 year from the date of allotment. The remaining
portion of Rs 75 of each debenture, after conversion, would be
redeemed at par at the end of 7 years from the date of
allotment.
1988 - The cosmetics division launched two new products which were
well
received in the market.
- The Company's industrial undertakings at Kandla Free Trade
Zone
(KAFTZ) Gandhidham, Kutch, Gujarat, engaged exclusively in
exports, was sold as a going concern to the Company's wholly
owned subsidiary `Lakme Exports Ltd.' Lakme Exports Ltd.,
were
also to take over the services of all employees at KAFTZ.
1989 - 10,04,437 No. of equity shares issued (prem. Rs 75 per share)
as
rights and to employees. Another 1,04,500 No. of equity
shares
of Rs 10 each allotted as fully paid up to the shareholders of
Bruel Investments Ltd.
1991 - The Company has initiated steps to enhance its exports to
general
currency area. The Pharmaceuticals division continued to be
affected by high cost of raw materials without any
commensurate
increase in the selling prices.
- The Breul Investments Ltd. has become a subsidiary of the
Company.
1992 - Breul Investments Ltd. was amalgamated with the Company with
effect from 1st April. As per the terms of scheme 1,04,500
No.
of equity shares of Rs 10 each of the Company were allotted to
the shareholders of BIL in the portion of 55 No. of equity
shares
of the Company for each share held in BIL.
1994 - The new products introduced by the Cosmetics divisions viz.,
Ultra and the Orchids ranges in colour cosmetics fields were
well received in the market.
- With a view to focus and concentrate on the core business of
cosmetics and personal care products and ensure growth of
pharm
business, the Company decided to restructure the business by
selling the pharmaceutical division called the Tata Pharma to
a
proposed new Company called Tata Pharma Pvt. Ltd.
- Miaami Pharma & Chemicals Ltd. (MPCL), was merged with
Lakme Ltd.
effective 1st January, as per the scheme approved by BIFR. On
9.12.1994, the shareholders of erstwhile MPCL were allotted
one
equity share of each of Lakme Ltd., for every 45 shares held
by
them in MPCL. Accordingly, 1,09,333 shares were allotted.
1995 - A new product range `Elle 18' as well as several new products
and
variants were introduced during the year and were very well
received in the market.
- The company formed a joint venture, Lakme Lever Ltd., with
Hindustan Lever Ltd., to which the Company has transferred its
sales and marketing of cosmetic operations.
- 67,10,707 Bonus shares issued in proportion 1:1.
1996 - On 1st January, the Company has formed a subsidiary, Lakme
Brands
Ltd. to acquire all the trade marks, technology, R&D
infrastructure and brands of the parent Company.
1999 - Name changed to Trent Ltd. with effect from 28-06-1999.
2000 - Lakme has introduced a new range of Lakme Pure Radiance
Blusher.
2005
-Trent Ltd Issues Rights in the Ratio of 1:10
2007
-Trent Ltd has entered into an Agreement with The Xander Group Inc.,
a global private equity firm.
-The company has issued rights in the ratio of 1:5 at a premium of
Rs.490/-Per Share.
2009
- Trent Ltd has appointed Mr. Mehernosh M. Surti as Company Secretary
and Compliance Officer of Trent Limited w.e.f. April 01, 2009 in place
of Mrs. H. R. Wadia.
2010
- Trent Ltd has appointed Mr. Zubin S. Dubash as an Additional
Director of the Company with effect from April 26, 2010.
- Trent Ltd has informed that the Board of Directors vide Circular
Resolution dated August 18, 2010, has appointed Mr. Noel N. Tata as
an Additional Director of the Company w.e.f. August 19, 2010. Mr.
Tata would be the Company's non-executive Vice Chairman.
- Trent Ltd has appointed Mr. Bhaskar Bhat as an Additional Director
of the Company w.e.f. September 27, 2010.
-Trent Ltd Issues Rights in the Ratio of 4:9
2011
-The Company has entered into an MOU with the Inditex Group to
develop and promote Massimo Dutti stores in India
-Company Recommended payment of Dividend @ 75% i.e. Rs. 7.50 per
Equity Share of Rs. 10/- each.
-Mr. Simon Susman as an Additional Director of the Company.
2012
-The Board of Directors have appointed Mr. Bahram N. Vakil as a
Additional Director of the Company.
-Company recommended payment of dividend @ 65% i.e. Rs. 6.50 per
Equity Share of Rs. 10/- each.
2013
- Company recommended payment of dividend @ 70% to its Shareholders
during the year
- The Board of Directors of the Company approved a Scheme of
Amalgamation and Arrangement (The Scheme) between Landmark Limited,
Fiora Link Road Properties Limited and Trexa ADMC Private Limited with
the Company.
2014
-Trent's westside opens stores at 'Sun City' Jodhpur, 5th Store at
Bengaluru, 9th store in Borivali and 5th Store in Chennai during the
year.
-One of Indias largest and fastest growing chain of retail
stores,Trent's Westside announced the launch of private label teen
fashion brand Y&F ' Young and Free
- Mr. N. N. Tata Vice Chairman, has taken over as the Chairman of the
Board of Directors w.e.f. March 31, 2014.
- Trent Ltd has appointed Mr. Harish R. Bhat as Director of the
Company.
- Recommends dividend at 70% to the Shareholders of the Company.
2018
- Westside opens its first store in Baramati
- Pallakad gets its first Westside store; XXth in Kerala
- Westside brings another unmatched shopping experience to Pune
2019
- Westside opens its exclusive store in Pondicherry
- Westside offers a wide range of contemporary and exclusively
designed apparel for women
- Westside opens its exclusive store in Anand
- Westside opens its exclusive store in Gwalior
- Westside opens its exclusive store in Ujjain
- Westside opens its 7th store in Bengaluru
- Westside opens its first store in Shivamogga
- Westside opens its first store in Aizwal 2020
- Best Departmental Store of the year at MAPIC India Retail Awards
- Best Customer Relationship Management at MAPIC India Retail Awards
- Supermarket of the Year Award at Annapoorna Food Retail Awards
- IMAGES Most Admired Marketing Campaign of the Year : Customer Chain
Coupons by Star
- IMAGES Most Admired Brand Retail Partnership of the Year : Cadbury
Dairy Milk and Star
- Energy Conservation Award-STAR hosted by The Tata Power Company
Limited
- Special Category Award Persons with Disabilities at Retail Awards
2020 National Winner is a Sales Associate at Star
