Lumax Automotive Systems Ltd. Company History and Annual Growth Details

1945 - Lumax Automotive Systems Ltd. was established by Mr. Sagar Chand Jain.

1966 - The company set up manufacturing units for automotive lighting equipments and other components.

1975 - Further they set up manufacturing units for automotive filters and aircleaners.

1979 - Its manufacturing units become functional at Faridabad and Pune between 1977-1979.

1980 - The company decided to diversify and increase its products portfolio and had setup manufacturing units for producing automotive filters and rear view mirrors during the years 1975 to 1980.

1984 - The company had a joint venture with Stanley as Lumax - Stanley and become a public limited company.

1994 - Manufacturing unit set up at Aurangabad for Mirrors.

1996 - The company entered into a Technical Agreement with M/s Toyo Roki Mfg. Co. of Japan for filters.

2000

-The company got ISO: 9002 & QS-9000 certification to mirror division Faridabad.

2003

-The company decided to focus individually on its core products lights, filters and mirrors. Therefore, it got de-merged into two separate entities by the names of Lumax Industries Ltd. and Lumax Automotive Systems Ltd.

2004

-Mirror division of Faridabad unit received ISO/TS: 16949 accreditation.

2005

-The company has recommeded dividend @ 12%

2006

-Magma announces JV with Lumax Automotive Systems

2007

-The company has recommeded dividend @ 12%

2008

-The Company has achieved the Top Indian Manufacturing SMB Rank 3 award in Auto Ancillary Sector for the year 2007 based on the ranking of the Top 500 Indian Manufacturing SMBs, initiated by Industry 2.0, a monthly manufacturing technology publication at the second "Industry 2.0 SMB Conclave & Awards Night"

2010
- Lumax Automotive Systems Ltd has appointed the following Directors: 1) Mr. Pramod Gupta S/o Sh. Ishwar Chand Goel is appointed as the Additional Directors of the Company in the Board Meeting (held on August 31, 2010). 2) Mr. Milan Jain S/o Sh. U.K. Jain is appointed as the Additional Director of the Company.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article