Acrow India Limited manufactures material-handling systems, sugar factory equipment, industrial storage solutions and electronic bulk-weighing systems. Operating since 1960, Acrow is a sister concern of The Ravalgaon Sugar Farm Limited, a preeminent name in India's sugar and confectionery industries. Even today, Acrow's product portfolio includes Ravalgaon branded machinery for the sugar industry. Both Acrow and Ravalgaon are former members of The Walchand Group of Industries, a congolomerate that spanned India's construction, automobile and machinery manufacturing industries. YEAR EVENTS 1960 - The company was incorporated on 10th March at Mumbai as a joint venture between Hindustan construction Co. Ltd. of the Walchand Group & Acrow (Engineers) Ltd., U.K. for the manufacturing of the world famous modern system of Acrow Steel formwork scaffolding & allied equipment for the construction industry Acrow (Engineers) Ltd U.K. provided the company with technical knowhow and plant and Machinery as a part of their capital. The company established a factory at Vikhroli in Mumbai. - The company also has a well equiped design office and specialises in the manufacture of special purpose framwork system such as tunnel forms, skip forms, suspended forms etc. The main objective of the company is to manufacture steel formwork, scaffolding and allied equipment for the construction industry. 1979 - Till date, 426 shares issued pursuant to a contract without payment in cash and 427 shares issued as bonus shares. 1980 - 1,600 bonus shares issued in prop. 1:1. 1983 - 3,200 bonus shares issued in prop. 1:1. 1985 - The profitability, however, was adversely affected due to recesionary trend in the construction activity coupled with financail constraints in general. 1986 - On account of severe competition from unorganised and small scale sector coupled with high production cost price differential on account of excise and sales tax concessions available to small scale sector the company found it difficult to sell its products. The Vikhroli factory hence was closed down during 1988. - Acrow Plc., U.K., the overseas collaborators of the company who held in the company 2,56,000 No. of equity shares out of 6,40,000 No. of equity shares of Rs. 10 each issued by the Company representing 40% of the total equity capital of the company, offered their total holding for sale to the Indian public at a premium of Rs. 21 per share during July. - Out of this 12,800 shares to employees (including Indian working directors) workers of the company and 5,110 shares to business associates of the company were reserved for preferential allotment. Unsubscribed portion of 3,410 shares out of this preferential quota was added back to the public quota. 1988 - Competition from the small scale sector units and poor availability of raw material particularly thinner gauge of HR sheets continued to affect the Company's performance. 1989 - The company acquired a plot of land at Trans Thane Creek, MIDC, Thane and the manufacturing activity was to commence after competition of civil work there. 1995 - On 8th June, the company was entered into a Technical collaboration agreement of seven year duration with M/s. Bud-Pak Pty. Ltd. Australia for manufacture import, sale and export of automatic bag packaging/bagging, weighing and pallesting machinery and associated equipment. 2006 -The company has recommended dividend @10% 2011 -The company has recommended dividend @ 50%