Denso India was incorporated on November 22, 1984 and was promoted by Shri Ram Fibres and Nippondenso Co. The Company manufactures alternators/generators with or without vacuum pump regulators. Effective October 19, 1994, the company's name was changed to Nippondenso India Ltd. from SRF Nippondenso, Ltd. The Company obtained the approval of the Government of India to the change in Name in 1995.
The company is engaged in the manufacturing and supply of electrical automotive components. The Company provides its services to cater the needs of the Original Equipment Manufacturers (OEMs). The Company's operations are located in Haridwar, India. Its customers are Maruti Suzuki India Limited (MSIL) and Hero Honda Motors Limited.
Denso India Ltd. has decided to establish new factory within the existing premises of its Haridwar plant named as Unit - III of the company. No investment is envisaged in the initial stage and only some of the existing lines at Greater Noida Plant shall be shifted to new Unit-III atHaridwar Plant to cater to the two wheelers segment of the auto industry.
Products:
The Company's principal products include magneto, capacitor discharge ignition (CDI), alternator, starter, fan / blower motor and wiper.
The Company's subsidiaries include Tianjin Denso Engine Electrical Products Co. Ltd., China; Denso Manufacturing Italia S.P.A, Italia; Denso E & TS Training Centre Corporation, Japan; Denso International Asia PTE Ltd., Singapore; Denso (Thailand) Co. Ltd., Thailand; Denso (Malaysia) Sdn. Bhd., Malaysia, and Denso Manufacturing Tennessee Inc., China.
Milestones
- 1984 - The Company was incorporated on November 22 and was promoted by Shri Ram Fibres limited & Nippondenso Co. limited The Company manufactures alternators/generators with or without vacuum pump regulators.
- - The Comp. undertook to set up a factory in UP with an installed capacity of 1,50,000 nos. each of alternators & starter motors & 1,00,000 nos. of wiper motors.
- 1991 - During the year, the Board of Comp. alloted 7,50,899 No. of Equity Shares of Rs.10/- each which remained unsubscribed in the year 1989-90.
- - Sh. Rajive Sawhney,Sh. Satoru Takemoto & Sh. Ashok V Chowgule, Director of the Comp. , retire by rotation at the Sixth Annual General Meeting & being eligible offer themselves for reappointment.
- 1992 - The company operations were adversely affected by unprecedented restrictions on imports, the devaluation of rupeYour Directors present their Eighth Annual Report for the year ended March 31, 1993.
- 1994 - Effective 19th October, the company name was changed to Nippondenso India limited from SRF Nippondenso, Ltd.
- - 100 No. of equity shares of Rs 10 each subscribed for by signatories to the Memorandum of understanding. 54,99,900 No. of equity shares of Rs. 10 each were issued at par in 1986 of which 21,99,990 shares & 14,30,000 shares reserved & allotted to promoters of SRF limited & Nippondenso Co. Ltd., Japan respectively.
- - Of the balance 37,400 shares reserved for allotment on a preferential basis to employees & another 2,75,000 shares to business associates. Details of allotment not known. Remaining 15,57,510 shares to the public. Additional 6,31,490 shares allotted to retain oversubscription 36,78,954 Rights shares issued [prop. 6:10s] on 6.11.1989 of these 1100 kept in. - On 24.3.1973, the Comp. allotted following shares on a firm basis: - [1s] 30,00,000 shares to Nippondeson at a prem. of Rs 8 per share; - [2s] 15,00 000 shares to Sumitomo Corporation at a prem. of Rs 8 per share; - [3s] 15,00,000 shares to Maruti Udyog at a prem. of Rs 2 per share.
- 1995 - The Comp. has obtained the approval of Government of India to the change in Name. Effective 19th October, 1994, the Company name stands changed to Nippondenso India Ltd. - The Board have appointed Mr. Imagawa as the Managing Director of Company effective 02.02.1995. - Mr. Masayoshi Taira had resigned effective 2a.05.95. Mr. Hiromu Okabe has been appointed as a Director effective 29.05.95.
- 1996 - The Comp. undertook Engine management system comprising of electronic fuel injection system, electronic control unit, airflow meter, vacuum sensor coolant temperature sensor, oxygen sensor, throttle body, fuel injector, fuel pump etc. - The Comp. proposed to set up new facilities to meet higher projected customer, modernisation & indigenisation needs. - The Comp. entered into an agreement with Neppondenso, for technical know-how & data for all models of alternators, regulators, starters, wiper motors etc.
- - The Comp. issued 9,50,800 shares of Rs 10 each at a prem. of Rs 90 per share to Denso Corporation Japan & 8,99,200 shares at a prem. of Rs 90 per share to ASMO Co. limited Japan. - Pursuant to a global identity change, Nippondenso Co. Ltd., Japan was known as Denso Corporation, effective 1st October. In keeping with this Nippondenso India limited was also known as Denso India limited effective 1st October. - 4,68,000 shares allotted on conversion of loans [1,73,800 shares to ICICI; 1,95,300 shares to IDBI; 97,900 shares to IFCIs].
- 1997 - 9,50,800 No. of equity shares allotted to Denso Corporation, Japan & 899,200 No. of equity shares allotted to ASMO Co. Ltd., Japan at a price of Rs. 100 per share on Preferential basis. - Pursuant to a global identity change, Nippondenso Co. Ltd., Japan is now known as DENSO CORPORATION, effective 1st October 1996. In keeping with this, Nippondenso India Ltd., is also known as DENSO INDIA LTD., effective 1st October 1996. - Mr. T Mayumi & Mr. H. Okabe have resigned from the Board of Comp. to take up other assignments of Denso Corporation, Japan. Mr. Takeuchi & Mr. Furuya had been appointed in their place. Mr. Takeuchi has since resigned from the Board. Mr. H. Uchiyama has been appointed w.e.f. 30th June, 1997.
- 1998 - A new Comp. named Denso Haryana Pvt. limited was formed & has acquired the 25 acres of land located in Gurgaon, for this purpose. - The Comp. has achieved ISO 9002 certification on 19th December, 1997 from Underwriters Laboratories Inc., U.S.A. - Mr. Y. Furuya retires by rotation at the forthcoming Annual General Meeting & being eligible offers himself for reappointment. - Mr. R.C. Bhargava has resigned from the Board of Comp. on relinquishing charge as Managing Director of Maruti Udyog Ltd.
- 1999 -Foreign Investment Promotion Board [FIPBs] on Monday approved Denso-Kirloskar Industries' proposal for supplying car airconditioners to Honda-Siel & Mitsubishi Lancer. -In order to integrate the marketing function of all affiliate Companies of Denso in India, a new Comp. namely Denso Sales India Pvt. limited has been incorporated.
- 2000 - Enteres into an agreement with Denso Corporation of Japan for transfer of additional technology. -Joint subsidiary of Denso Corporation Sumitomo Corporation & Asmo Corporation of Japan has completed its Rs. 70-crore expansion programme.
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