Swaraj Engines Ltd. Company History and Annual Growth Details

1985

 - The company was incorporated on 24th September 1985, and obtained the Certificate of Business on 16th October, 1985.  It  manufactures & sells engines for application other than tractors. The company has been promoted jointly by Punjab Tractors Ltd. and  Kirloskar Oil Engines Ltd.

 - Kirloskar Oil Engines, Ltd. agreed to provide know-how, design  and documentation of products, process details, design of jigs,  fixtures and toolings etc. to the company for the manufacture of  diesel engines to be fitted in `SWARAJ' tractors manufactured by  Punjab Tractors Ltd.     

  - The company has set up plants for the manufacture of 16,000  Diesel Engines per annum. This project is based on Kirloskar  know-how & technology.  This is already in commercial  production.

1989 

- 70 shares subscribed for by the signatories to the memorandum of  associations.  17,99,930 shares than issued at par of which 5,50,000 shares to Punjab Tractors Ltd. (PTL) and 3,60,000 shares to Kirloskar Oil Engines, Ltd. (KOEL) were reserved and allotted on a firm basis.  Out of the remaining 8,89,930 shares, 90,000  shares were offered to the employees (including Indian working   directors)/workers of the Company as also those of promoter

       Companies (All were taken up).  The balance 7,99,930 shares were offered for public subscription during July, 1989.  Additional 2,69,970 shares were allotted to retain oversubscription  (1,36,500 shares to PTL and KOEL, 1,19,900 shares to public and 13,570 shares to the employees).

1995 

- The Company undertook to expand its capacity to 42,000 engines  p.a. and also expansion of its existing machining capacities for   hi-tech components like connecting rods and cylinder head to

 required levels.  In addition, new capacities were planned for some more hitech components like crank case, gear casing etc.

1996 

- 20,69,970 Bonus Equity shares issued in propn. 1:1.

2003

-Shares Acquired in the Open Offer

2005

-Swaraj Engines has given the Bonus in the Ratio of 2:1

2008

- Swaraj Engines Ltd has informed that Shri. V S Parthasarathy has been co-opted as Additional Director of the Company w.e.f. January 22, 2008.

2009

- Shri M. N. Kaushal has been co-opted as additional director of the Company 

-Swaraj Engines has recommended a dividend of Rs 5.00 per share

2010

-Swaraj Engines have recommended a dividend of Rs.8.00 per equity share Rs. 10/- each 

2011

-Swaraj Engines has recommended a dividend of Rs. 10.00 per share 

2012

-Sh. Sudhir G. Mankad has been co-opted as Additional Director of the Company

-Swaraj Engines have recommended a dividend of Rs. 13.00 per share

2013

-Swaraj Engines Ltd has recommended an equity dividend of 130% (Rs. 13 per share).

2014

-Swaraj Engines Ltd has approved the appointment of Mr. S. Durgashankar, Mr. Dileep C. Choksi and Ms. Neera Saggi as Additional Directors of the Company.

2015

-54 BHP Engine Launched in 2015