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Maharashtra Scooters (MSL) was incorporated on June 11, 1975. The company was facing pricing pressure with respect to manufacture of pressure dies, fixtures and die casting components for the past many years and consequent losses being incurred each year, the Board at its meeting held on July 22, 2024 had decided not to continue the tool room operations of the company at its factory. Further, considering the continuing unviability of manufacturing operations, the company decided to permanently shut manufacturing operations keeping with the company’s main objective of being a Core Investment Company (CIC). Accordingly, after due process, the lease-hold rights in factory land at Satara together with Plant and Machinery were transferred with the approval of the Board on February 21, 2025 for a reasonable consideration.
The company is an Unregistered CIC. As a CIC, a minimum of 90% of its assets stand invested in the Bajaj Group and the balance representing accumulated surpluses, is invested in debt and other instruments with the sole objective of earning a reasonable rate of return whilst protecting the principal. The company is also a subsidiary of Bajaj Holdings and Investment.
Business area of the company
Maharashtra Scooters operates as a Core Investment Company (CIC) and it is a subsidiary of Bajaj Holdings and Investment. The company's 90% assets stand invested in the Bajaj group.
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