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Wendt (India) > Company History > Abrasives > Company History of Wendt (India) - BSE: 505412, NSE: WENDT
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Wendt (India)

BSE: 505412|NSE: WENDT|ISIN: INE274C01019|SECTOR: Abrasives
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Company History - Wendt (India)
Wendt (India) Limited (WIL) was incorporated in 1980 as a Joint
 Venture between Wendt GmbH ( www.wendtgroup.com ) and The House of
 Khataus. In 1991, Carborundum Universal Ltd (CUMI), a US$ 3.0 Billion
 Murugappa Group Company ( www.murugappa.com) acquired the Khatau's
 stake in the business. Since then WIL has been a 40 - 40 Joint
 Venture between Wendt GmbH and CUMI. The public holds the balance 20%
 equity.
 
 Wendt India is ranked among the Top 25 successful Indo-German JVs by
 the Indo-German Chamber of Commerce (IGCC).
 
 Wendt India draws its Technological Superiority from Wendt GmbH which
 is a part of Winterthur Technology Group (WTG ) Switzerland and Sound
 and Ethical Management practices from Murugappa Group.
 
 2003
 
 -Wendt India Ltd. launched two excise management software products
 for the business community
 
 2004
 
 -Wendt announces final dividend of 100% on equity shares
 
 2005
 
 -Wendt India - Incorporation of WOS in Thailand
 
 2006
 
 -Wendt India Ltd has recommended payment of Dividend of 150% on
 Equity Shares
 
 2007
 
 -Wendt India Ltd has recommended a dividend of Rs 17.50 per share
 (i.e 175%)
 
 2008
 
 -Company has Incorporated a 100% Wholly Owned Subsidiary (WOS)
 Company namely Wendt Middle East FZE
 
 -Registered Office of the Company has been shifted From 407 Devatha
 Plaza, Residency Road, Bangalore - 560025 To Flat. No. 105, Cauvery
 Block, National Games Housing Complex, Koramangala, Bangalore - 560
 047 Karnataka
 
 2009
 
 -Mr. K S Shetty has been appointed as an Additional Director of the
 Company
 
 -Wendt India Ltd has recommended a dividend of Rs 10.00per share (i.e
 100%)
 
 2010
 
 -Company has launched its own website with domain name
 www.wendtindia.com.
 
 2011
 
 -Wendt (India) Ltdhas recommended a dividend of Rs. 25/- per equity
 share 
 
 2012
 
 -Wendt (India) Ltdhas recommended a dividend of Rs. 25/- per equity
 share 
 
 2013
 
 - Wendt (India) Ltd has recommended a dividend of Rs. 15/- per equity
 share of face value of Rs.10/- each (150%)  
 
 2014
 
 -  Wendt (India) Ltd has recommended a dividend of Rs. 15/- per
 equity share of face value of Rs.10/- each (150%)  
 
 2015
 -The Companys Registrar and Share Transfer Agent  have shifted their
 office to 10, Aram Apartment, 12, Sampatrao Colony, B/h. Laxmi Hall,
 Alkapuri, VADODARA - 390 007.
 
 2016
 -- Wendt (India) Ltd  has entered into agreement with M/s Star
 Diamond Tools Private Ltd (Star) for acquisition of their Diamond
 Dresser Tool business on slump sale basis.
 
Source : Dion Global Solutions Limited
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