Whirlpool of India Ltd.

1960
 
 - The Company was incorporated on July 19, and obtained the
 certificate
 of commencement of business on August 9th.  The company is engaged
 in
 the manufacture of refrigerators deep freezers, compressors,
 electric
 grade laminations cash registers, and scooters.
 
 - It was formed in collaboration with Kelvinator International
 Corporation, U.S.A. for the manufacture of refrigerators,
 compressors
 and allied products.
 
 - 50,000 shares issued without payment is cash to foreign
 collaborators
 and 3,00,000 shares issued to the public (otherwise than through a
 prospectus), promoters, directors etc.
 
 1971
 
 - 1,40,000 Bonus shares issued in prop. 2:5.
 
 1973
 
 - 3,90,000 Bonus shares issued in prop. 1:1.
 
 1974
 
 - The Company established a factory for the manufacture of
 electrical
 grade stampings in collaboration with Thermal Refrigeration Ltd.,
 U.K.
 
 - 4,90,000 Rights shares issued at par in prop. 1:2.
 
 1975
 
 - A modern tool room was established for the manufacture of tools,
 dies, jigs and fixtures.
 
 1976
 
 - Another factory was established for the manufacture of electro
 mechanical cash registers in collaboration with Gross Cash Registers
 Ltd., U.K. (now Chubb Cash Ltd.).
 
 1980
 
 - In August/September, 2,80,000 shares offered for public
 subscription
 (prem. Rs 2.50 per shares).
 
 1982
 
 - Aravalli Svachalit Vahan Ltd., a sick unit at Alwar (a centrally
 notified backward area in Rajasthan) was merged with the Company
 with
 effect from 26th May, 1982.
 
 - Industrial licence/letter of intent were received for the
 manufacture
 of 12,000 nos. per annum of mopeds.  A separate factory was to be
 built
 for the manufacture of mopeds having an engine capacity upto 100 cc
 in
 collaboration with Agrati-Carelli Spa, Milano, Italy.
 
 - High court of Rajasthan at Jaipur approved the Scheme of
 Amalgamation
 of Aravalli Svachalit Vahan Ltd. with the Company on 14th May, and
 High
 Court of Delhi approved the same on 26th May.
 
 - As per the Scheme of Amalgamation, 25,000 No. of equity shares of
 Rs
 10 each of the company were allotted to the shareholders of Aravali
 Svachalit Vahan Ltd., in the proportion 1 equity share of the
 Company
 to every 40 shares of Aravalli Svachalit Vahan Ltd.
 
 - Expo Machinery Ltd., and Kelbex International Ltd. are wholly
 owned
 subsidiaries of the Company.  Sanskrit Investment Pvt., Ltd., and
 Episilon Investment Pvt Ltd. ceased to be subsidiaries of the
 Company.
 
 1983
 
 - Another letter of intent was received for increasing the
 production
 capacity of refrigerators from 2,00,000 to 5,00,000 nos. per annum. 
 A
 letter of intent was also received for the manufacture of washing
 machines.
 
 - The Government of India extended for a period of 5 years, the
 Company's collaboration agreement with White Consolidated Industries
 Inc., U.S.A. for manufacture of compressors.
 
 - 17,75,000 Bonus equity shares issued in prop. 1:1.
 
 1984
 
 - The Company issued 3,00,000-15% non-convertible debenture of Rs
 100
 each to Unit Trust of India on private placement basis.
 
 1985
 
 - The Company entered into a collaboration agreement with White
 Consolidated Industries Inc., U.S.A., for the manufacture of washing
 machines.  The Government of India extended for a period of 5 years,
 the company's collaboration agreement with White Consolidated
 Industries Inc., U.S.A. for manufacture of compressors.
 
 - The Company issued 4,00,000-15% secured non-convertible debentures
 of
 Rs 100 each to UTI, LIC, GIC and its subsidiaries and ICICI on
 private
 placement basis.
 
 1986
 
 - The Company introduced a 300 litre 2-door refrigerator for the
 lower
 and middle class consumers.  A single speed (VIP-1) and 3-speed,
 kick
 start (VIP-3) mopeds were introduced along with two new models of
 cash
 registers.
 
 - The Company's R&D introduced two new models viz., Avanti auto gear
 and Avanti-3 gear mopeds.
 
 1987
 
 - The Company proposed to implement 15 washing machines and
 microwave
 oven projects.
 
 1989
 
 - The Company introduced the new Zannusi model refrigeration and
 undertook modernisation of the manufacturing operations in the
 refrigeration division.  New models of mopeds were introduced during
 the year.
 
 - The Company undertook to set up a project for the manufacture of
 super enamelled copper wire.
 
 - During August-September, the Company offered 5,63,380-12.5%
 secured
 redeemable partly convertible debentures of Rs 180 each for cash at
 par
 on rights basis in the proportion 9 deb.: 50 No.  of equity shares
 held, to the shareholders except White Consolidated Industries
 (Inc.)
 USA (WCI) (All were taken up).
 
 - The Company also issued 28,170 debentures to the employees/workmen
 of
 the Company under the Employees Stock Option Scheme (only 6,525
 debentures taken up).  The unsubscribed portion of 21,645 debentures
 was allowed to lapse Rs 80 of the face value of each debenture was
 to
 be automatically and compulsorily converted into one equity shares
 of
 Rs 10 each at a premium of Rs 70 per share on the expiry of 6 months
 from the date of allotment of debentures.
 
 - The non-convertible portion of Rs 100 of the face value of each
 debentures was to be redeemed at par on the expiry of 7 years from
 the
 date of allotment of debentures.
 
 - The Company also issued 79,400 No. of equity shares of Rs 10 each
 at
 a premium of Rs 70 per share to WCI so as to maintain their equity
 holding at 11.83%.  Only 76,495 shares had to be allotted to W.C.I.
 as
 employees quota of covertible debentures was not fully taken up.
 
 - 5,69,905 No. of equity shares allotted (prem. Rs 70) on conversion
 of
 12.5% debentures as on 21.4.1990 to maintain their shareholding at
 11.83%.  In May, 41,96,400 bonus shares issued in prop. 1:1.
 
 1990
 
 - The operations were adversely affected due to lock-out for 45 days
 at
 Faridabad and Ballabgarh plants.
 
 - Two sizes of microwave ovens were introduced.
 
 1991
 
 - The Company again had to declare a lock-out from 3rd October,
 which
 lasted for about 75 days at both Faridabad and Ballabgarh plants
 when
 an amicable settlement was arrived at with labour.
 
 - With the introduction of a state-of-the-art 310 Ltr. single door
 refrigerator in the sterling range and with its proposed
 introduction
 of a 310 Ltr. 2-door refrigerator, the Company hoped to do better in
 the near future.
 
 - The Company succeeded in indigenisation of micro wave ovens to a
 great extent.  Production of international quality hermetic grade
 dual
 coated winding wire commenced during the year.
 
 1992
 
 - During October-November, the Company offered 22,19,876-15% Secured
 partly convertible debenture of Rs 170 each on Rights basis in the
 proportion 1 deb.: 5 equity shares held.  All rights debenture were
 taken up.  Another 1,10,994-15% debentures were also offered to the
 employees on an equitable basis (only 3,900 debentures were taken
 up).
 
 - Part-A of Rs 100 of the face value of each debenture was to be
 automatically and compulsorily converted into 2 equity shares of Rs
 10
 each at a premium of Rs 40 per share at the end of 6 months from the
 date of allotment of debentures.
 
 - Part-B of Rs 70 of the face value of each debenture was to be
 redeemed in three instalments of Rs 25, Rs 25 and Rs 20 each at the
 end
 of 6th, 7th and 8th years respectively from the date of allotment of
 debentures.
 
 - 41,96,400 bonus shares issued in prop. 1:2.  44,67,552 No. of
 equity
 shares allotted (prem. of Rs 40) on convertion of 15% debentures.
 5,96,975 No. of equity shares allotted to White Consolidated
 Industries
 Inc. foreign collaborators.
 
 1993
 
 
 - The Company entered into a tie up with Whirlpool Corporation, USA,
 whereby Whirlpool contracted to purchase from white consolidated
 Industries Inc., USA, erstwhile collaborators, their entire holding
 of
 20,86,796 No. of equity shares of the company.
 
 - Expo Machinery Ltd., a wholly owned subsidiary were merged with
 the
 company.  Pursuant to scheme of amalgamation, 75,00,000 No.  of
 equity
 shares of the Company were allotted to the shareholders of erstwhile
 Whirlpool Washing Machines Ltd. (WWML) in the ratio of one equity
 share
 of the Company for every four equity shares of erstwhile WWML.
 
 1994
 
 - The R&D developed a New Sterling Supreme 165 L refrigerator with
 improved aesthetic and a new freezer frame door was introduced.
 
 - 1,41,00,000 shares allotted (Prem. Rs 187.16 per share) to
 Whirlpool
 Mauritius Ltd., to acquire 51% of share capital.
 
 1995
 
 - The Whirlpool brand was launched in November, along with a new 310
 ltr. refrigerator.
 
 1996
 
 - Three variants of 165 L and a new 220 L Direct Cool Refrigerators
 were launched.  The Pondicherry Washer Unit indroduced a re-styled
 version of a fully Automatic Washing machine and a 3.5Kg. Twin-tub
 machine under the Whirlpool brand.
 
 - The Company undertook a major project for the manufacture of CFC
 Free
 No. Frost Refrigerators at Ranjangaon near Pune.
 
 - The name of the company was changed from Kelvinator of India Ltd. 
 to
 the Whirlpool of India Ltd.
 
 - The Company proposed to dispose off the compressor unit, plastic
 division and Automotive plant to generate cash for the working
 capital
 needs of the Company.
 
 1997
 
 - WoI is a wholly owned subsidiary of the US major, Whirlpool
 Corporation.
 
 - Whirlpool entered into a joint venture with TVS (washing machines
 of
 the TVS group) in 1990.
 
 - The company has also introduced a 310 litre capacity refrigerator
 under the wing of Whirlpool brand, and another model based on the
 non-CFC refrigerant.
 
 - WoI has one of the largest distribution networks in India. 
 Presently
 it has about 40 branches and 5,500 dealers located all over the
 country.
 
 - WoI has signed an MoU with Intrinsic Automation System Pvt.  Ltd.
 (IASPL) for the hiving off its electronic cash register (ECR)
 division.
 
 - Whirlpool introduced its second voluntary retirement scheme in two
 years which 1,500 employees availed themselves of between March and
 December 1996.
 
 - Whirlpool launched a joint venture consumer finance company with
 Apple Industries, the latter taking a 60 per cent stake.
 
 - The company is currently setting up a greenfield no-frost
 refrigerator manufacturing facility in Ranjangaon, near Pune.
 
 - Whirlpool of India Ltd (WIL), a white goods manufacturer and
 marketer, has announced the launch of three of its new washing
 machine
 models for the domestic market.
 
 - Pondicherry based Whirlpool of India Ltd (WIL) is a 56.3%
 subsidiary
 of the US$ 8 billion Whirlpool Corporation USA.
 
 1998
 
 - Whirlpool Financial India Private Ltd (WFI), a subsidiary of
 Whirlpool Corporation, US, is to merge with Whirlpool of India Ltd.
 
 - The company has launched a `Kaizen' initiative to ensure regular
 and
 continuous improvement in all areas of its activity.
 
 - Whirlpool India Limited, has launched a range of state of the art
 non-CFC frost free refrigerators said to be for the first in India.
 
 - Crisil has assigned a P1 rating to the Rs.20 crore commercial
 paper
 (CP) programme of Whirlpool of India Ltd (WOIL).  The rating favours
 the impending merger of Whirlpool Financial India Pvt Ltd (WFIL)
 into
 WOIL and continued support from the parent company.
 
 - Whirlpool of India, the 51 per cent subsidiary of Whirlpool
 Corporation of the US.
 
 - A P1 rating has been assigned to Rs 70-crore commercial paper
 issue
 of Whirlpool India Limited (WIL).
 
 1999
 
 - KIL entered into just a strategic alliance with Whirlpool with the
 object of manufacturing and marketing state-of-the-art home
 appliance
 and simultaneously discounting all unrelated and non-core product
 lines.
 
 - In September 1998, Whirlpool Financial India Private Ltd (WFIPL),
 another group company of WC and a wholly-owned subsidiary of
 Whirlpool
 Financial Mauritius Ltd (WFML) was merged with WIL.
 
 - Kelvinator of India used to manufacture refrigerators under the
 brand
 name of Kelvinator under a licensing agreement with Swedish white
 goods
 giant AB Electrolux which owned the brand internationally.
 
 - The company is one of the largest manufacturers of chloroflouro
 carbons in the country, and it has consistently generated free cash
 and
 incremental returns on capital year on year.
 
 2000
 
 - Whirlpool of India Ltd had being granted foreign collaboration
 approval for the manufacturing of refrigerators.
 
 - The Company will launch a new air-conditioner series for the
 Indian
 Market.
 
 - Crisil has assigned a `P1+' rating to the Rs 100 crore commercial
 paper programme of the Company.
 
 - The Company has launched `Whitemagic' Hotwash - the only top
 loading
 washing machine with a heater.
 
 - Raj Jain will take over as the new managing director of the
 company.
 
 - Whirlpool of India chairman and managing director Garrick D'silva
 has
 been promoted as regional vice-president, Whirlpool Asia.
 
 - The Company offered a Voluntary Retirement Scheme to the employees
 of
 its Refrigerator Division.
 
 - The Company has launched its fully automatic top-loading washing
 machine, Whitemagic Hotwash, in the Kerala market.
 
 2001
 
 - The Company offered a Voluntary Retirement Scheme to its employees
 and spent Rs. 12.66 Crores.
 
 - The Company has introduced a range of direct cool and frost-free
 refrigerators in the Kerala market.
 
 
 2002
 
 -Whirlpool and Godrej filed a law suite with MRTPC  against LG
 Electronics India Ltd of misrepresenting its capacity and volumes.
 
 -Launches new eight refrigerators in both frost-free and direct cool
 models.
 
 
 2003
 
 -Receives ISO 9001:2000 certification for its Design and
 Manufacturing of Direct Cool Refrigeration.
 
 2004
 
 -Whirlpool India forges alliance with Faber Heatcraft Industries Ltd
 
 -Whirlpool on May 17 launched new refrigerators in the 'ice magic'
 frost-free range'
 
 -Whirlpool has announced the launch of single-door frost-control
 refrigerators in the Kerala market
 
 -Whirlpool announces new scheme for Onam season
 
 -Launches new range of refrigerators and washing machines to improve
 its market share on October 25, 2004.
 
 -Delist from the Delhi Stock Exchange Association Ltd with effect
 from October 13, 2004
 
 -Faber India enters into distribution tie-up with Whirlpool
 
 2005
 
 -Ajay Devgan and wife Kajol have been signed on by Whirlpool
 appliances for their new commercial targeted at family audiences  the
 couple's first major ad campaign together
 
 -Whirlpool launches `Genius' a direct cool refrigerator of 180 litres
 and premium range of window air-conditioners on April 25, 2005
 
 -Whirlpool India bags 'AAA' rating
 
 -Whirlpool unveils new Iceberg refrigerators
 
 2006
 
 -Whirlpool of India Ltd has appointed Mr Mahesh Krishna as Director
 of the Company w.e.f. October 27, 2006, liable to retire by rotation,
 who shall hold the office until the next meeting of the Company and
 shall be eligible for re-election.
 
 2007
 
 -Whirlpool joining hands with retailers for easier credit facilities
 
 2010
 
 -Whirlpool of India launches its Jet Chef and Family Chef Collection
 of Microwaves
 
 -Whirlpool launches 4 New Brand shops in Chandigarh
 
 -Whirlpool redefines washing machines in India, launches the all new
 'Whirlpool ACE washstation'
 
 -Whirlpool corporation kicks off 100th year anniversary celebration 
 
 -Launches new brandshops in Amritsar and Jalandhar
 
 -Best Consumer Durables Company...Dun & Bradstreet Corporate Awards
 2010 
 
 -Readers Digest Trusted Brand Gold Award (2009-2010) for
 Refrigerators and Washing Machines
 
 2011
 
 -Whirlpool Pondicherry Washer Facility Gold Award in Economic Times
 Frost & Sullivan Manufacturing Excellence Award - 2011 
 
 -India is an important global mkt: Whirlpool
 
 2012
 
 -Whirlpool launches a new range of domestic products
 
 -Whirlpool ACE Washing Machine received the Silver Medal in the
 prestigious international Edison Awards for being the best new
 product in the Lifestyle and Social Impact category. 
 
 -ICWAI....National Award for Excellence in Cost Management - Silver 
 
 -Trophy for Export Excellence in EPO Service for outstanding export
 performance
 
 2013
 -Whirlpool India launches new Masterpiece Direct Cool Refrigerator
 -Whirlpool India wins 2nd prize for best technical paper in 29th
 Indian Value Engineering conference.
 -WOIL named Readers Digest Trusted Brand Gold Award 2013 for
 Refrigerators and Washers.
 
 
 2014
 -Whirlpool of India opens Whirlpool Haute Kitchen - its first
 exclusive Built-in experience centre in Jaipur
 -Protton World Series Refrigerator Range wins prestigious Designomics
 2014 award
 -Neo I Chill Refrigerator and 360� Bloomwash Washer receive
 prestigious India Design Mark 2014
 
 2015
 - Whirlpool of India opens Whirlpool Haute Kitchen - its first
 exclusive Built-in experience centre in Bangalore
 - Protton World Series Refrigerator Range wins prestigious
 Designomics 2015 award
 - Whirlpool India recognized as one of the best employers- Aon Hewitt
 Best Employer- India 
 
 2016
 
 -Whirlpool of India unveils its new range of 'Air purified in
 india'.
 
 -Whirlpool of india introduces Neofresh- The new range of frost free
 regrigerators based on intellifresh technology.
 
 -Whirlpool of india  donated water purified to celebrate worls water
 day.
 
 2018
 
 -Whirlpool of india introducing the advance range of dishwarshers
 from whirlpool.
 
 -Whirlpool enters into strategic joint venture with Elica.
 
 -Whirlpool India to acquire 49% stake in Elica PB.
 
 2019
 
 -Whirlpool of India has been actively contributing to the social and
 economic development of local communities neighbouring its
 manufacturing eco-system
 
 -Whirlpool of India is offering an exhaustive range of washing
 machines with 5-star energy ratings.
 
 2020
 
 - Whirlpool of India has been recognised as one of India�s Best
 Workplaces in the consumer durables sector for 2020.
 
 -Whirlpool of India company launches Intellifresh Pro, India's most
 advanced Bottom Mount Refrigerator powered by advanced Adaptive
 Intelligence Technology. 
 
 -Whirlpool Recognized As Superbrand 2019 For Its Refrigerators And
 Washing Machines Category
 
 2021
 
 -Whirlpool Of India Launches W Series Range Of Premium Quattro (4
 Door) Refrigerators
 
 -Whirlpool Introduces The New Intellifresh Pro Bottom Mount
 Refrigerator With 10-In-1 Convertible Modes & Powered By Advanced Ai
 Technology
 
 -Whirlpool Celebrates Everyday Moments Of Extraordinary Care.