ZF Steering Gear (India) Ltd.

YEAR                       EVENTS
 1981 - The Company was Incorporated into a public limited company in
 
        June, at Pune.  The Company was promoted by H.K. Firodia,
 J.H.
        Munot and Zahnradfabrik Friedrichshafen AG, erstwhile West 
        Germany (ZF AG, West Germany).
 
      - The Company's objects is to manufacture of mechanical
 steering
        gears and hydraulic power steering gears.
 
      - The Company entered into a licence and know-how contract with
 
        Zahnradfabrik Friedrichshafen AG, ersthile West Germany (ZF). 
      
        Also for supply of all technical documentation, training of 
        personnel at the works of ZF AG, Germany and deputation of
        personnel of ZF AG, Germany to India for setting up the
 plant.
 
 1982 
 
 - 350 shares subscribed for by the signatories to the Memorandum and
 Articles of Association.  14,99,650 shares issued at par of which
 3,90,000 shares of ZF Ag, West Germany and 5,99,650 shares to
 promoters, etc. were reserved and allotted 5,10,000 sharesoffered to
 the public in January 1983.
 
 1984
 
  - 7,50,000 right equity shares issued at par in the prop. 1:2.
 
 1991 
 
 - The company issued non-convertible debentures worth Rs.50 lakhs on
 private placement basis with the UTI.
 
 1993 
 
 - The company produced and supplied power steering gears for light
 commercial vehicles for Telco.  The company also developed and
 designed a power steering gear for Tata 207 range of vehicle.
 
 - The Company proposed to expand the production capacity of
 mechanical steering gears to 75,000 units per annum and proposed to
 manufacture 3,600 power steering gears per annum.
 
 1994
 
  - 22,85,575 shares allotted on right basis.
 
 1995 - During January/February, the company offered 22,50,000 No. of
        equity shares of Rs.10 each for each at a prem. of Rs.30 per 
        share on right basis to the existing shareholders in the rate
 of
        1:1.  22,43,675 shares were allotted.  6,325 shares were kept
 in
        abeyance.  Another 41,900 shares were offered to the
 employees.
        All were taken up.
 
      - 1,075 shares out of 6,325 shares kept in abeyance allotted.
 
 2005
 
 -ZF Steering Gear has given the Bonus in the Ratio of 1:1
 
 2008
 
 - ZF Steering Gear India Ltd has inducted Mr. M L Rathi as a
 Non-Executive Independent Director of the Company at the meeting of
 Directors held on May 27, 2008 in the casual vacancy caused by the
 death of Mr. B N Deshmukh.
 
 
 2009
 
 -8046 Power Steering Gear Launched.
 
 -Rack & Pinion Mech. Steering Launched.
 
 
 2010
 
 -The Board of Directors of the Company has recommended a Final
 Dividend of Rs. 5.00 per Equity Share for the year 2009-10.
 
 
 2012
 
 -ZF steering Gear(India) successfully commisions 5MW solar power
 project.
 
 -ZF Lenksysteme India Private Limited, Joint Venture Company in which
 the Company holds 26% paid-up capital of the Company, are inaugurating
 their factory on April 26, 2012 at Pune.
 
 2013
 -ZF Steering Gear Board recommends Dividend of Rs. 8/- per Equity
 Share of Rs. 10/- each for the financial year 2012-13
 
 2014
 -ZF Steering Gear Board recommends Dividend of Rs. 7/- (Seven) per
 Equity Shares of Rs. 10/- each for the year 2013-14
 -ZF Steering Gear India Ltd has informed that the Board of Directors
 of the Company has appointed Ms. Eitika Munot and Mr. S. A. Gundecha
 as additional directors on the Board of the Company with effect from
 September 15, 2014.
 
 2015
 -ZF Steering signs Memorandum of Co-operation with JSC 'BATE' of
 Republic of Belarus
 -Robert Bosch Automotive Steering GmbH, stands changed from 'ZF
 Lenksysteme India Private Limited' to 'Robert Bosch Automotive
 Steering Private Limited'
 
 2016
 
 -ZF Steering Gear - Acquisition of Industrial-Plot  
 
 2017
 
 -Production of Valve Block & Radial Piston pump
 
 2018
 
 -Introduction of 8038, 8049, Steering Gear
 
 2019
 
 -Initiation of Production Facility in Indore
 
 2020
 
 -Developed 8049 Steering Gear, Aluminum Pump and 28cc Pump