YEAR EVENTS 1922 - The company was incorporated on 29th March, as a Private Ltd. company. It was converted into a Public Limited Company on 8th May, 1950. - The main objects of the company is to act as merchants, engineers and contractors. The company has a large number of associated and subsidiary companies manufacturing various items of electrical and machinery products. It also acts as concessionaires for a large number of firms in U.K. The company manufactures paper cones and tubes for the cotton textile industry and diamond drilling bits. - Equity shares were issued without payment in cash. 1958 - Greaves Dronefield Company was floated in collaboration with Dronsfield Brothers Ltd., Oldham for the manufacture of their well-known "Atals" brand emery fillets. It was registered on 31st December, and it went into production soon thereafter. 1959 - Mather Greaves Company was registered on 6th August, for the manufacture of calender bowls. 1960 - The company concluded a technical collaboration agreement with Mandrills Ltd., of Melbourne, Australia for the manufacture of diamond tools. - The company was floated in collaboration with David Brown Industries Ltd., for the manufacture of Radicon worm reduction gears and geared motor units and was registered on 6th June. Later, the company was also licensed to manufacture David Brown marine gear boxes. - Draton Greaves concern was floated in collaboration with Drayton Regulator & Instrument Co. Ltd., of Middlesix for the manufacture of steam traps and regulators and registered on 19th August. 1963 - After consolidating the manufacture of calender bowls, the company embarked on the production of Schriner calenders, stenter clips, mangles, printing machines, etc. - On 22nd April, it became a subsidiary of the company by virtue of such allotment of 425 shares of Rs. 100 each to the company in terms of the collaboration agreement. 1965 - Mather Greaves Ltd., undertook the entire marketing of its products resulting in the termination of their Sole Concessionaires Agreement with Greaves Cotton & Co. Ltd. 1967 - The other subsidiaries are Greaves Leasing & Finance Ltd., Rajpath Investment Ltd. Cannation Investment Ltd. Greaves Midwest Engineering Co. Ltd. and SIDVIM Ag. 1975 - Greaves Lombardini Company in collaboration with Lombardini Motori of Italy promoted Greaves Lombardini Ltd., for the manufacture of diesel engines. Greaves Lombardini Ltd., was incorporated on 21st May, under the name and style of Greaves Diesels Ltd., and the name was subsequently changed to the present one. 1982 - Consumption of emery fillets in the home market during the last quarter of 1982 and the beginning of 1983 was less due to prolonged textile strike in the country. 1983 - 5% tax-free Pref. shares made 13.5% taxable from 1.7.1983. 25,000-6% Pref. share redeemed on 31.3.1984. 2,12,625 Bonus Equity shares issued in prop. 1:2 on 23.3.1984. 1984 - Greaves Lombardini Ltd., was merged with Greaves Cotton & Co. Ltd. 1985 - Consequent upon the purchase by Greaves Cotton & Co. Ltd., of 50% shares held by Dronsfield Brothers Ltd., U.K. Greaves Dronsfield Ltd., became a wholly owned subsidiary of Greaves Cotton & Co. Ltd. - A technical collaboration agreement was entered into with David Brown Gear Industries, U.K., for the manufacture of hardened and profile ground helical gear boxes. Government gave its approval. - 20,265-15% Pref. and 19,250 No. of equity shares allotted without payment in cash to members of Greaves Lombardini, Ltd. on its merger. These Pref. shares redeemable at 1.7.1996 but before 15.6.1998 at the company's option. 1988 - 25,000-15% Pref. C shares paid off. 3,28,562 Bonus Equity shares issued in proportion 1:2. 1989 - To improve exports further, it was proposed to open offices in the USSR and East Africa. The works at the Nasik plant resorted to go-slow and the company was forced to declare a lock-out of the plant effective from 14th June, 1990. The lockout was lifted on 20th October, 1990. 1990 - During the year, the company introduced Greaves portable light weight diesel Genset viz., Greaves-GD3000. - The company entered into an understanding with the Rajasthan State Industrial Development and Investment Corporation Ltd. (RIICO) for the setting up of a unit at Abu Road in Rajasthan for manufacture of ABS Resins in collaboration with Technochim and Plastpererabotka (Russian partners). - The company undertook to set up a 3-wheeler autorickshaw manufacturing unit at Baramati, Maharashtra. - During the year, the company undertook to increase existing capacity of the light weight engines unit at Aurangabad to 32,500 units from the existing 22,500 units. - Greaves Chitram, Ltd., (Chitram) was amalgamated with the Company. The erstwhile shareholders of Chitram were allotted one equity share of Greaves Cotton Co., Ltd., for every 412 shares held by them in Chitram. 1991 - During the year, the Company had converted the representative office at Singapore into a trading office. - The company proposed to set up a joint venture company with Frabelle Fishing Corporation, Philippines to undertake deep sea tuna fishing in the exclusive economic zone of the territorial waters of India. - Subject to necessary approvals being obtained, Greaves Semiconductors Ltd. (GSL), a subsidiary of the company, was proposed to be amalgamated with the Company with retrospective effect from 1st April 1989. - During April-May, the company offered 32,89,488 - 12.5% secured fully convertible debentures of Rs. 40 each on Rights basis in the proportion 1 debenture : 3 equity shares held (all were taken up): Additional 4,93,341 debentures were allotted to retain over subscription. - Simultaneously, another 1,64,475 - 12.5% debentures of Rs. 40 each were issued to employees including Indian working directors of the Company on an equitable basis (only 75,200 debentures taken up). UN subscribed portion of 89,275 debentures allowed to lapse. - Each debenture of Rs. 40 was fully and automatically converted into one equity share of Rs. 10 each at a premium of Rs. 30 per share after 12 months from the date of allotment of debentures. Accordingly, 38,58,029 No. of equity shares were allotted in July 1992. - 50 No. of equity shares allotted without payment in cash to members of Greaves Chitram Ltd., on its merger. 1992 - The company's operations at Marol was suspended in October and the land and building had since been disposed of. The Nashik plant was reported to be suffering from lack of profitable orders from the Government sector. Efforts were on to diversify the product portfolio. - The power transmission unit II (erstwhile David Brown Greaves Ltd.) Falta, W. Bengal was commissioned. - During November the company offered share on 1,37,14,949 No. of equity shares of each at a premium of Rs. 70 per rights basis in the proportion 1:1. (all were taken up). Another 6,85,747 No. of equity shares of Rs. 10 each at a premium of Rs. 70 each were offered to the employees of the company on an equitable basis (only 26000 shares taken up). - The company offered for sale 26,82,240 No. of equity shares of Rs. 10 each of Greaves Fosico Ltd. at a premium of Rs. 60 per share. - Rajasthan, Polymers & Resins Ltd., an associate Company offered on preferential basis 12,68,000 - 14.5% secured redeemable partly convertible debenture of Rs. 25 each of Rs. 10 of the face value was to be converted into 1 equity share on allotment of debenture Rs. 15 was to be redeemed. - Subject to necessary approvals being obtained, the company proposed to issue 1473,81,765 bonus equity shares in proportion 1:2. - 28,552 No. of equity shares allotted to shareholders of erstwile Greaves Ltd., on its amalgamation 19,91,903 No. of equity shares allotted on amalgamation of Ruston & Honnsberg Ltd. and David Brown Greaves Ltd. within company. 137,40,949 Rights shares issued to shareholders and employees. 1993 - The company entered into a joint venture agreement with a few parties in Singapore for trading in Vietnam and other parts of the world. A new company was registered in Singapore in the name of Pacific Greaves Pte. Ltd. - It was also proposed to set up a joint venture company with overseas consortium partners for installation and developed of part infrastructure in Russia. - Effective 19th August, the name of the company was changed to Greaves Ltd., from Greaves Cotton & Co. Ltd. - 38,58,029 No. of equity shares (prem. Rs. 30) was allotted in conversion of 12.5% fully convertible debs. 28,552 No. of equity shares allotted to shareholders of erstwhile Greaves Semi-Conductors Ltd. on its amalgamation. 19,91,903 No. of equity shares allotted on amalgamation of Ruston & Hornsby Ltd. & David Brown Ltd. with the company. 137,40,949 Rights equity shares allotted. 1994 - Two new products were launched viz., diesel three wheelers and sale of HIPS resins and partly from the petrol engine unit at Thoraipakkam and Commencement of production of diesel engines at Ranipet, both acquired in January. - The company undertook a project for the manufacture of rolling cutter rock bits, used largely in oil well drilling and also for waterwell drilling in collaboration with Smith Tool Company, a division of Smith International, Los Angeles, U.S.A. For this purpose a new factory was set up in the MIDC Industrial Estate at Nasik. - Effective 31st January, the company acquired the Thoraipakkam properties of Enfield India Ltd., Chennai. The company undertook to invest in the Ranipet complex to manufacture light diesel engines which was originally planned for at Aurangabad. - The company proposed to enter the field of agricultural tractor and associated diesel engines manufacture in Rankipet, Tamil Nadu in collaboration with a well known Italian manufacturer. - The company has signed a licence agreement in June to avail technology from SAME for the manufacture of certain range of tractors. 1995 - 147,38,176 shares allotted as Bonus shares in prop. 1:2. 1996 - The company achieved 94% of the installed capacity in the manufacture of Greaves Garuda diesel 3-wheeler. However, the original plans for introducing the eco-friendly 4-stroke petrol engined 3-wheeler could not materialise during the year. - The Company proposed to set up an industrial park of international standard at Ranjangaon near Pune in collaboration with Overseas consortium partners and in association with Maharashtra Government agencies viz., the SICOM & MIDC. The company proposed to introduce an eco-friendly 4-stroke Petrol engined 3 wheeler. - The company entered into a technical collaboration with SAME Spa, Italy for the manufacture of agricultural tractors and signed a joint venture agreement with SAME for the manufacture of diesel engines for tractors and other uses. - The company proposed to increase the capacity for the manufacture of diesel generating sets at Diesel Engines Unit in Chinchwad, Pune to cater to the enhanced demand in the market. - The company entered into a joint venture agreement with Same Deutz Fahr SPA of Italy for manufacture of diesel engines. 1997 - Greaves Ltd, the engineering arm of the Thapar group, is entering into the automotive sector with tractors and two models of three-wheelers - one a six-seater diesel versions and the other a three-seater petrol model. - The production capacity of high speed diesel engines manufactured at Aurangabad and Ranipet will be increased form 60,000 engines per annum to 100,000 engines per annum. - The company is to launch the Garuda six-seater diesel three-wheeler which conforms to 1996 emissions norms and will be shortly introducing the Garuda four-stroke petrol three-wheeler. - In the transportation division, the manufacturing capacity of the diesel run three wheeler garuda is proposed to be increased to 60,000 from the present 24,000. - The company proposes to launch the production of the petrol version of the Garuda in the first quarter of 1997-98 incorporating new features such as electric start and four-stroke engines. Greaves proposes to later launch a six-seater diesel vehicle and flat bed load carriers in the country. - Piaggio, the Italian auto major, is close to tying up with Greaves for manufacturing a range of diesel three-and four-wheelers in the country. The two companies signed a memorandum of understanding and have already initiated a joint feasibility study. - The Power Transmission Division (PTD) of the company is on the verge of signing two joint ventures - one with the Singapore-based Team Asia for semi- conductors and another with an Italian company - Bonfigliloe - to manufacture higher ranges of transmission equipment and various types of gear boxes, which are applicable in heavy engineering and earth-moving vehicles. - Rajasthan Polymers & Resins Ltd (RPRL) is to be merged with Greaves Ltd with effect from April 1, as part of a comprehensive rehabilitation package approved by the Board for Industrial & Financial Reconstruction (BIFR). 1998 - Greaves Ltd a LM Thapar group company, is doubling the manufacturing capacity of internal combustion engines at its Thoraipakkam plant, near Chennai. - Greaves Limited, which is the country's largest manufacturer of diesel engines, proposes to enhance the manufacturing capacity of spark ignition internal combustion piston engines - diesel, petrol land kerosene versions-from one lakh to two lakh units per annum. - The Italian automobile major has an existing tie-up with Greaves for manufacturing the Ape range of three wheelers in the country. - Greaves Ltd, is the largest manufacturer of diesel engines with factories located at Pune, Aurangabad, Ranipet and Thoraipakkam, Chennai. Greaves has also emerged as the largest manufacturer of IC engines in the country with a production of 1.8 lakh engines. - A memorandum of understanding (MoU) was signed between the Thapar company and the Dutch transmission equipment giant; BTR European Holdings, in New Delhi. - The company entered into a memorandum of understanding (MoU) with BTR European Holdings of Netherlands (BTR) recently to float a subsidiary which will be promoted in India by BTR or its associated companies. - Greaves Limited, the Thapar group company, launched a 50HP tractor, "Same" Greaves 503, in Chandigarh. 1999 - Greaves Ltd has joined hands with Piaggio S. P. A. of Italy to locally produce in India compact engines with in-built gearboxes for the three-wheelers which the two Companies would be manufacturing under their joint venture. - Leading Auto manufacturer Greaves Ltd has tied up with two Chinese companies to manufacture small tractors (power tillers) and plans to sell the product at one third the price of a normal tractor. - Greaves has entered into an agreement with a Chinese company Chang Chai and has also entered into an alliance with Dangefeng Agricultural Machinery Group Corporation for manufacturing rest of the machinery and body of the power tiller. - Greaves Ltd, engineering arm of the Thapar group, has launched a new range of industrial gearboxes for the industry, making it the only company to offer a wide end unique range of gearboxes for different industries. - The company has set up a plant at Baramati, Maharashtra, with a capacity to manufacture 25,000 vehicles every year. - The company currently produces the `APE' range of diesel three-wheelers under technical guidance from Piaggio. The company has just launched its APE range of three-wheelers in the National Capital Region (NCR) of Delhi. - Greaves, which had entered the industry with 50 hp tractor during end-1998, will manufacture `Solaris' tractors in the range of 25, 35, 45 hp at its Ranipet plant in Tamil Nadu. 2000 - Greaves Ltd has decided to set up a 50:50 joint venture company with its existing technical collaborator Same Deutz SpA of Italy to manufacture tractors ranging from 25 hp to 70 hp. - The capacity of petrol/kerosene engines manufactured at Chennai will be increased to 120,000 engines from the current capacity of 80,000 engines. - The Company have approved, in principle, the amalgamation of Rajpath Investments Ltd. a wholly owned subsidiary of the company with Carnation Investment Ltd. also another owned subsidiary of the company. - The Greaves engineering arm of Thapar Group, has entered into a technical collaboration with Italian Construction equipment giant Cifa Spa for manufacturing ready mix concrete equipment. - Greaves Ltd. has converted its tractor manufacturing operations in Ranipet near Chennai, which was earlier a technical collaboration with SAME of Italy, into a 50:50 joint venture with the Italian tractor major. 2001- Italian diesel engine major, Lombardini acquires engine manufacturing facility of the Thapar group company, Greaves, at Aurangabad for a consideration of Rs 11 crore 2002 -Greaves Ltd has informed that Mr K K Nohria has resigned from the office of Director of the Company, in view of his pre-occupation.The Board of Directors of the Company at its Meetings held on March 21, 2002 has appointed Mr Vijay Rai as a Director to fill the casual vacancy caused by the resignation of Mr K K Nohria. - Italian auto firm Same Deutz Fahr Group SPA has taken over its Indian partner, Greaves Ltd, for Rs 26.9 crore from its two tie-up, one to manufacture tractors and the other for tractor engines 2003 -Solaris Chemtech Limited acquires 950,000 equity shares of Rs 10 each of Crompton Greaves Limited from Greaves Ltd., stake increases to 10.83% in the company - Greaves Ltd to go back to its erstwhile name Greaves Cotton 2004 -Greaves Cotton, part of the B M Thapar group has appointed Karan Thapar as the chairman of the company -Greaves Cotton signs MoU with Premium Energy Transmissions -Inks MoU with Corporation Bank for financing farm machines to farmers 2005 -Launches of an all-new Greaves Metro Pump for the construction industry -Greaves Cotton unveils four new products - Greaves Cotton Limited has appointed Mr. Vikram Tandon as a Director of the Company to fill the casual vacancy caused by the resignation of Gautam Thapar. 2007 - Greaves Cotton Ltd has informed that the Board of Directors of the Company, has appointed Mr. S D Nayyar as Additional Director of the Company, effective from September 26, 2007. -Greaves acquires Bukh-Farymann GmbH Diesel, Germany 2008 -A state-of-the-art Technology Centre and manufacturing facility for new G Series engines opened in Pune -New Compaction Equipment plant opened in Gummidipoondi, Tamil Nadu -A new manufacturing facility for Agro Equipment inaugurated in Gummidipoondi, Tamil Nadu. -Greaves Cotton - PVPL ties with Greaves for supply of engine 2009 -Greaves crosses two million mark in light diesel engines 2010 -Greaves Cotton has declared a third interim dividend of Rs. 2 per share for the year ended March 31, 2010. The company has already declared two interim dividends, totalling Rs. 4.50 per share. -Company has splits its Face value of Shares from Rs 10 to Rs 2 2011 -Greaves Cotton Ltd has entered into a long-term supply agreement with Mahindra & Mahindra Limited (M&M) for supply of single cylinder engines for their three-wheeled vehicles. -Greaves sets up Light Engines Unit V at Aurangabad 2012 -Greaves crosses three million mark in light diesel engines. -The Company has appointed Dr. Clive Hickman as an Additional Director. 2013 - Greaves Farm Equipment Business, part of Greaves Cotton Limited, one of India's leading engineering companies, launched its first ever, compact, mini - tractor, Ustad. - Greaves Construction Equipment Business, part of Greaves Cotton Limited, one of India's leading engineering companies,launched its high capacity Concrete pumps, with contemporary S Valve technology. - Greaves Automotive Engines Business, part of Greaves Cotton Limited, one of India's leading engineering companies, has added TVS Motor Company to its list of customers, for supply of single cylinder diesel engine (G435) for the TVS King DS (diesel variant). Currently plying on roads in Kerala, Southern India, TVS King DS offers Good mileage with Good power to its customers. - Country's leading engineering companies Greaves Cotton,announced that its subsidiary Greaves Auxiliary Power Business, has launched its fuel efficient, smartly designed auxiliary power solutions, compliant with latest emission norms. - Greaves Cotton Ltd said that its arm Greaves Construction Equipment Business has launched the first of its 37 metres 3 axle truck mounted boom pump - GCP3709Z. 2014 - Greaves Cotton Ltd has recommended a final dividend at the rate of Rs. 0.60 per equity share of the face value of Rs. 2. - The appointment of Ms. Monica Chopra as an Additional Director designated as Whole Time Director of the Company. - The Registered Office of the Company has shifted from old address to 3rd Floor, Motilal Oswal Tower, Junction of Gokhale and Sayani Road, Prabhadevi, Mumbai - 400 025. 2015 -Greaves Cotton launches new range of Farm Equipment Products Under its 'Sampurna Swadheshi Programme' 2016 -"Greaves Cotton ventures into Multi Brand Spares Business". 2017 -Greaves Cotton Limited in strategic partnership with Altigreen Propulsion Labs to deliver clean energy powertrain solutions -Atul Auto signs up with Greaves Cotton to develop new generation of Last Mile Transport solutions -Greaves Cotton Limited reaches over 5 million customers with `Made in India' engines -Greaves to enter Petrol-CNG market with breakthrough technology from Pinnacle Engines -Greaves Cotton launches new construction equipment in association with Japanes company Mikasa and Italian enterprise Roxar 2018 -Greaves Cotton to acquire majority stake in electric vehicle company Ampere -Greaves Cotton Limited`s reskilling program DEEP empowers the youth -Greaves reinvents last mile mobility solutions in India with class-leading new technologies & solutions -Greaves Cotton signs up with Piaggio Vehicles to develop a new generation of Powertrain applications -Greaves Cotton raids fake parts maker, seller in Delhi 2019 -Greaves increases stake in Ampere Vehicles -Greaves Cotton strengthens its position in the Cleantech Mobility space with a wide range of Fuel Efficient CNG Engines and strong Retail Ne -Greaves Care crosses 1,00,000 Customer Service in the Last Mile Mobility Segment -Mahindra partners with Greaves Cotton to source BS VI ready Powertrain Solutions 2020 -Greaves Cotton launches OHV Petrol Pumpset with a one-year warranty -Greaves Cotton launches Smart Gensets `Greaves Genius' with 5-year Warranty on full Genset, a market first -Greaves Cotton opens its 1st EV Dealership in Nepal -Greaves supports Communities in its fight against COVID-19 2021 -Greaves Electric Mobility sold over 7500 units in October -Greaves Cotton introduces RelioPro, a new range of light construction equipment -Greaves aims to get a Billion Indians moving with its Electric Mobility solutions -Greaves Cotton undertakes pan-India Free Covid Vaccination Drive to protect all its employees from the current pandemic 2022 -Greaves Electric Mobility announces strategic partnership with Mesha Energy Solutions Pvt Ltd, a battery technology company. -Greaves Electric Mobility Private Limited achieves record sales of its Ampere brand of two wheelers during the festive period. 2023 -Greaves Retail inaugurates its first-ever `master distributor outlet' for AutoEVMart in Chennai -Greaves launches Greaves Eltra - Powering India's Electric Cargo Transformation. -Greaves collaborates with Readily Mobility to bring fullstack after-sales services to Fleet customers 2024 -Greaves Cotton Ltd. Enters Into a Technology Transfer Agreement With Tsuyo to manufacture Components designed for Low Speed 3 Wheeler.