YEAR EVENTS 1943 - The Company was Incorporated as a public limited company at Baroda. - The Company was originally an engineering department of the Alembic Chemical Works Co., Ltd. In 1935, a small beginning was made in the manufacturing line. This manufacturing venture was established in 1943 as a separate limited company. - The Company's object is to manufacture hydraulic and electrical engineering goods, ceramic products and agricultural equipments. 1969 - 25,000 pref. shares issued at par. 1971 - 25,000 Right equity shares issued at par in the prop. 1:3. 1972 - The Company negotiated a technical collaboration agreement on the basis of joint venture with a Malaysian party for the manufacture of pumps for mining industry as per the Company's design. 1976 - The Company entered into a technical and financial collaboration agreement with the State owned West Bengal Electronics Industries Development Corporation, Calcutta (WEDEL). Under the arrangement a new Company Webel Jyoti Power Electronics Ltd., was registered. - Jyoti and Webel agreed to participate in the share capital of the new Company to the extent of 25% and 26% respectively and the balance 49% was to be offered for public subscription. - 50,000 Bonus equity shares issued in prop 1:2. 1977 - Nima, Ltd. became a wholly owned subsidiary of the Company. 1979 - The Company finalised technical collaboration with Grobe Lahmeyer of West Germany and their associates BEA for the manufacture of special rotating machines and thyristor drives. - Jyoti Consultants, Ltd. became a wholly owned subsidiary of the Company. - 75,000 No. of equity shares issued as rights at par in prop. 1:2. 1981 - The Company issued 2,00,000 - 13 1/2% secured party convertible debentures of Rs.100 each to finance its foundry project. - In 1982, Rs.25 from each debenture was converted into 2 equity shares of Rs.10 each at a prem. of Rs.2.50 per share. 1982 - The Company entered into a technical collaboration for the manufacture of 145 KV and 245 KV SF 6 circuit breakers with Spreacher and Schuh, Ltd., Switzerland. - Another technical collaboration agreement was signed with Aerowatt, France and with Beasley Industries Pvt. Ltd., Australia for the manufacture of wind electric generators and special coating for solar collectors respectively. - The Company purchased the designs and drawings of 5 MW generators 2500 KW induction motors, 124 KW DC machines and brushless existing units for alternators upto 2500 KW from Grobe Lahmeyer Ag., West Germany. - The Company issued 15% non-convertible debentures for Rs.250 lakhs for working capital purpose. - 4,00,000 No. of equity shares allotted (prem. Rs.2.50 per share) in part conversion of debentures. 1983 - The Company entered into a technical collaboration for vacuum circuit breakers and switchgears with Toshiba Corporation of Japan. - An agreement was also entered with M/s. Yayasom Dian Desa of Indonesia for the transfer of technology for the manufacture of "Jyoti" gasifiers. 1984 - The electronics division introduced 400 Relay while the laser division introduced Vertical Laser Alignment Systems. - The energy division also entered into licensing arrangements for solar cookers and solar stills. - The Company also commissioned a new test bed facility for testing large pumps upto 2,200 cubic metres per hour capacity and HT motors upto 1500 KW capacity. - The Company entered into a technical and financial collaboration agreement with Sunstrip International Inc. Canada. As per the agreement, a new company Sunstrip (India) Ltd. was incorporated on 16th August, 1985 with an authorised capital of Rs.1 crore. The Company will subscribe to 21% of the equity capital of the new company and Sunstrip International to 30%. The balance 49% will be offered for public subscription. - The Company issued 15% non-convertible debentures of the value of Rs.75 lakhs to the Unit Trust of India on private placement basis in order to augment long-term working capital resources. 1985 - The assistance for the upgradation of technology was being utilised to implement the collaboration agreements with Toshiba Corporation of Japan for the manufacture of Vacuum circuit breakers and with Sprecher Energie, Ltd. of Switzerland for SF6 circuit breakers and for capital additions, replacements and reconditioning of machine tools for the manufacture of large pumps and large electrical machines. 1986 - The hydel sets division commissioned 3 nos. 300 KW vertical hydel sets. The Company commissioned 2.5 MW 1000 RPM alternator with Pielstick diesel engine, for a cement factory. 1987 - The Company entered into a technical know-how transfer agreement with M/s. BTG (NRDC) U.K. for manufacture of Pole Amplitude Modulated Motors (PAM) for Thermal Power Stations. - The Company came under the provision of the Sick Industrial Companies (Sp. Provisions) Act 1985. - 8,80,000 right equity shares issued at par in prop. 1:3 during No. 1988 (only 29,477 shares taken up). 1989 - In January, the Board for Industrial Financial Reconstruction (BIFR) appointed ICICI to draw up the rehabilitation package. 1991 - 8,50,523 shares unsubscribed out of 1988 right issue allotted (4,70,523 shares to shareholders and 3,80,000 shares to promoters group). Another 2,20,000 shares allotted to promoters group as per the order from BIFR. 1992 - The electronics and control systems division of the Company introduced two new products viz., IDMTL relays in draw-out case and Mini auxiliary relays. - The Company also developed successfully 33 KV, 25 KA, 2500 Amps, indoor panel with vacuum circuit breaker. - The Company proposed to convert 2,00,000 - 13.5% convertible debentures of Rs.75 each (residual portion) and 2,50,000 - 15% secured redeemable non-convertible debentures of Rs.100 each into equity shares of Rs.10 each at a prem. of Rs.10 per share. Those debentureholders not desirous of converting their debentures into equity shares would be entitled to receive redemption amount, in terms of the scheme sanctioned by BIFR. - 11,78,989 shares issued to promoters group as per the order from BIFR. 1993 - Profitability was affected due to stiff competition, increased interest burden and higher wage bill. - The Company developed standard Alternator of 100 KVA and 1250 KVA in 6.6 KV and 11 KV and 33 KV vacuum circuit breakers and panels for indoor applications. - The company successfully developed and type tested 250 KW/60 KW, 1500 RPM/100 RPM Dual speed Induction Generators for wind turbine application. - Also developed series of alternators with class `F' insulated stator and class `H' insulated Rator. - 19,99,011 No. of equity shares (prem. Rs.10 allotted on conversion of 13.5% convertible debentures and 15% Non-convertible debentures. 1994 - The Company's range covers `Unibuilt' (Monobloc) centrifugal pumps, horizontal split casing pumps, horizontal and vertical non-clog pumps, axial and mixed flow vertical and horizontal pumps, and handling pumps, chemical pumps and other special purpose pumps. - The Company gave licence to Mahabir Export and Import Co. Pvt. Ltd. for the manufacture of some sizes of horizontal split casting type centrifugal pumps, horizontal van-clog type centrifugal pumps, vertical non-clog type pumps and unijet system on the same terms of royalty as were existing between the Company and Mahabir Export & Import Co. Pvt. Ltd. 2006 -Jyoti secures order from HCC-NCC JV 2008 -Jyoti Ltd has appointed Mr. Amit S Bhatnagar as an Additional Director (Independent) of the Company. - Jyoti Ltd has got two major orders amounting Rs 541 crore for supply of pumps for irrigation and drinking water purposes from the Karnataka Neeravari Nigam Ltd (KNNL) 2009 - Jyoti Ltd has informed that Dr. Bhimsen Pathak has been appointed as an additional Director on the Board of the Company., w.e.f. March 27, 2009. 2010 -"Jyoti receives orders worth Rs. 141.5 crores" -Jyoti and Elmecon sign agreement for development of SF6 RMU 2011 -Jyoti Ltd. signs Collaboration Agreement with M/s.DMW Corporation -Jyoti Ltd. bags Rs.100 crores orders from Power Sector -Jyoti Ltd. received Order worth Rs. 43 Crores 2012 -Jyoti Ltd. bags Rs. 7.48 crores order for Irrigation Scheme -Jyoti Ltd. Secures breakthrough Concrete Volute Pumps Order -Jyoti Ltd. bags Rs 345.83 lacs order from Nuclear Power Corporation India Ltd. (NPCIL) -Jyoti Ltd. secured order worth Rs. 9.32 crores from MEIL (Megha Engineering and Infrastructure Ltd.) -Jyoti - Receives order of Rs. 12.75 crores in JV with Ranjit Buildcon Ltd. from Narmada Water Resources and Water Supply Depa 2013 -"Jyoti Ltd bags Rs. 30.45 Crores order for 70 MGD Sewage Pumping Station and Irrigation Schemes". -Company has bagged a prestigious order worth Rs. 345.83 lakhs for manufacturing 3 Nos. Pumps of Raw Water Plant System Package for Nuclear Power Corporation India Ltd. -"Jyoti Ltd bags Rs. 19.59 Crores for Irrigation Schemes". 2014 -"Jyoti Ltd bags the largest hydro power order". -Mr. Aswini Sahoo and Mr. Vijay Kumar Gulati have been appointed as Additional Directors of the Company. 2015 -Jyoti Ltd. won the prestigious order for Rs.139 crores from DRN Infrastructure, Hubli, Karnataka -Jyoti bags prestigious order worth Rs.1492 lacs from Gujarat Energy Transmission Corporation Limited (GETCO) 2022 -Jyoti Limited has received order of Rs. 73.6 crores for design, engineering, manufacturing, testing & supply of large capacity Vertical Pumps. 2023 -The Company has secured prestigious orders of Rs. 1950 Lakhs rom JSIW Infrastructure Private Limited