YEAR EVENTS 1949 - The Company was Incorporated as a public limited company on 28th May. - The Company's object is to manufacture radios, radiogram, radio components, electronic and other engineering products. The Company received technical collaboration from E.K. Cole Ltd., England under an agreement which was entered into in 1948 for a period of twenty years. The products are sold under the trade mark "NELCO". 1950 - Authorised equity capital reduced from Rs.100,00,000 to Rs.80,00,000. Paid up capital reduced by Rs.6,00,000 by writing off Rs.20 per shares. The issued shares were subdivided into fractional certificates of Rs.20 each and later consolidated into shares of Rs.100 each. 6,000 No. of equity shares were issued against payment in cash to M/s. E.K. Cole Ltd., England. 1967 - General Radio & Appliances Ltd., was amalgamated with the Company with effect from 1st January. 1968 - 11,666 No. of equity shares issued to shareholders of General Radio & Appliances Ltd. upon its amalgamation with the Company. 1974 - 20,555 1/3 Right issued at par in prop. 1:3. 1977 - 28,582 rights equity shares issued at par in prop. 3:8. 63,317 shares allotted to schlumberger Ltd. France at par. 1979 - The name of the Company was changed from The National Ekco Radio and Engineering Co. Ltd., to its present one consequent upon the expiry of the collaboration agreement with E.K. Cole Ltd., England. 1980 - The Company received licence to manufacture mini-computer/microprocessor based systems. - Some of the engineering support service activities of the Company were shifted from Andheri (Zone II) to TTC Industrial Area (Zone III). For this purpose, the company purchased an existing factory building on a plot of land leased from the MIDC at Vashi. The new facility became fully operational from August 1981. - The Company applied for an industrial licence for the manufacture of colour television receivers and video cassette recorders. 1983 - 43,530 rights equity shares issued in the prop. 1:4. 1985 - In February, the Company issued 1,00,000 - 13.5% secured convertible bonds of the aggregate value of Rs.3 crores. Each bond of Rs.300 consisted of two parts, namely, a convertible scrip of Rs.100 and a non-convertible scrip of Rs.200. - 93,000 bonds were offered on `Rights basis' to the resident Indian shareholders in the prop. of 7 bonds for every 10 No. of equity shares held. 5,000 bonds were offered to the employees and directors and 2,000 bonds to business associates. At the end of 12 months from the date of allotment, the convertible part of Rs.100 was compulsorily and automatically converted into one fully paid-up equity share at par. The non-convertible portion of Rs.200 per bond would be redeemable at par at the end of 7 years from the date of allotment. - The non convertible portion of Rs.2 crores which was due for redemption on 1st March, 1992 was proposed to extend the date of maturity by a period of two years. 1986 - During October, the Company introduced its first colour TV receiving set under the brand name "Blue Diamond". - In association with Morgan Construction Co. U.S.A., General Electric Co., Australia, the Company executed a contract for supply of Automated Drive Control System for Bar and Rod Mill for TISCO, Jamshedpur. - The Company in association with Honeywell, Italy, proposed to manufacture Unix-based computer system based on 68020 Motorola Chip. - The Company entered the telecommunications field with the manufacture of Electronic Exchanges (EPABXS) based on indigenous technology developed by C-Dot. - 1,00,000 No. of equity shares issued on conversion of bonds. 1987 - Several new models of colour television sets were introduced. The Company also developed and launched new models of 14" black and white television sets. - Major drives, control and automation systems were successfully commissioned at the TISCO and Durgapur Steel plants. - The Durgapur steel plant introduced a Unix-Based Force 20 mini computer system. - During Nov./Dec., 3,80,000 rights equity shares issued at par in prop. 6:5 (only 1,25,931 shares taken up). 19,000 No. of equity shares offered at par to employees/workers of the Company (including working directors) on an equitable basis (only 290 shares taken up). 1988 - In-house manufacture of colour television receivers were more than doubled and new models of both colour and black and white TV sets were introduced. - 1,21,410 rights equity shares (out of 3,80,000 issued in December 1987) allotted. 1989 - The balance 1,32,659 shares out of 1987 rights quota allotted. The balance 18,710 shares not taken by employees were allowed to lapse. 1990 - Turnover at Rs.160 crores registered further growth, mainly due to improved performance in the industrial systems business. - The Company's industrial systems division diversified into the area of energy management system for the power industry. A major order was received from one of the power generating companies for the same. 1991 - Industrial systems group and the information technology group registered substantial increase in business but sales and margins in the consumer products continued to decline due to recession in the consumer electronics industry. 1992 - Shares sub-divided on 19th August, 6,00,000 shares allotted to financial institutions in conversion of loans on 28th August. 1993 - Overall sales were reduced due to the demand recession in some of the Company's business and this coupled with the transfer of the UPS division into a new joint venture company with Tata Liebert Ltd. - Sales in the Drives and automation area was comparatively lower mainly due to execution of larger turnkey projects. - Technology group experienced a marginal reduction in sales in view of the reduced order from DoT on the industry and also due to non-uniform order replacement. - During December, 151,58,800 shares of Rs.10 each for cash at par were offered on rights basis to the shareholders of the Company in prop. 2:1 (all were taken up). -Simultaneously, 2,93,400 shares were to be offered to employees of the Company (only 80,200 shares taken up). 1994 -152,39,000 shares allotted to shareholders. 1996 -Signed a contract with Tata Housing to develop a commercial complex Nelco Plaza at Andheri. Nelco stands to gain close to Rs 100 crore from the project. -Enteres into a tie-up with General Electric Company (GE) of the US for the latest knowhow for drive and automation system in the metal industry. 1999 -NATIONAL Radio is dead. Long live Nelco. Replacing its registered name with its brand name recently is only the ostensible face of the change at this 57-year-old Tata company. 2003 -Signed a memorandum of understanding to develop, market and sell a range of hi-tech electronics-based systems to the Indian defence forces. -Dr. Ravi Gopinath has been appointed director on the Board with effect from August 19, 2003. Mr. K A Mahashur has been reappointed Whole-time Director of the Company designated as Executive Director for 5 years with effect from September 1, 2003. -Mr. R R Bhinge as an Additional Director of the Company w.e.f August 29, 2003. 2004 -Tatanet Broadband Wireless Pvt Ltd has become subsidiary of the company. Consequently the new name of that company is Tatanet Broadband Wireless Ltd. 2006 -Nelco Ltd has appointed Lt. Gen. Davinder Kumar (Retd) as an Additional Director of the Company effective November 17, 2006. 2007 -Nelco Ltd has appointed Mr. Prasad R Menon as an Additional Director of the Company effective July 20, 2007. -Nelco Ltd has appointed Mr. Shailendra Kumar Gupta as an Additional Director of the Company effective October 23, 2007. 2008 -Tatanet Customer Gulf Oil bags SAP ACE 2008 Award 2009 -Tatanet, Division of Nelco, Bags ONGC order worth Rs 42 crore for Satellite Connectivity. - The Board has recommended dividend of Rs. 0.60 p per share on the Equity Shares of Rs. 10/- each. 2010 -"Tatanet Partners with Compuware to Deliver World-class Application Performance Management to its Customers". -The Company recommended dividend of Rs. 2/- per share (including Re.1/- as dividend) on the equity shares of Rs. 10/- each. 2011 -The dividend of Rs. 2/- (including Re 1/- as special dividend) per equity share of Rs. 10/- each. -Registered Office of the Company has been shifted From Francysters Cybernetics Center, Eucharistic Congress Building no. III, 5, Convent Street, Colaba, Mumbai - 400001 To Nelco Limited MIDC, Plot no. EL 6, TTC Industrial Area, Electronics Zone, Mahape, Navi Mumbai - 400710 2012 -The Company has recommended a dividend of Rs. 0.5 per equity share of the face value of Rs. 10 each. -The Company appointed Mr. P. J. Nath as Manager. -The Company appointed Mr. S. K. Gupta as Independent Director of NELCO Ltd. 2013 -Mr. Ramesh Kapoor & Mr. K. Raghuraman has been appointed as a Independent Directors of the company. 2014 -Ms. Heema Hattangady has been appointed as Independent Director of the company. 2020 -Nelco and Telesat partner to bring advanced LEO satellite network to India. 2021 -Amalgamation amongst Nelco Ltd., Tatanet Services Ltd. and Nelco Network Products Ltd.