YEAR EVENTS 1960 - The Company entered into a technical aid agreement with Dunlop Rim & Wheel Co. Ltd., (now a division of Dunlop Ltd., U.K.), on 27th June, for the supply of technical know-how for a period of 20 years for the manufacture of wheels. 1961 - The Company was incorporated on 28th March at Tamilnadu. The main objects of the company are to manufacture wheels and rims, components and accessories thereof and to carry on the business of iron and steel foundres and foundres of non-ferrous metals. 1974 - 30,225 shares issued without payment in cash and 42,321 shares issued as bonus. 54,567 shares held by T.V. Sundaram Iyengar & Sons, Ltd., 24,807 shares by Southern Roadways, Ltd., 17,181 shares by Sundaram Finances, Ltd., and 7,87,660 shares by Dunlop Holdings, Ltd., U.K. 1975 - Shares of Rs.100 each subdivided into shares of Rs.10 each. 4,40,000 shares offered to the public at prem. of Rs.1.50 per share during June. 1978 - 250 shares forfeited. These shares were re-allotted to certain existing shareholders. 1981 - The Company received a letter of intent for the manufacture of air suspension system for commercial vehicles. The company entered into a technical agreement with Dunlop Rim & Wheel Co. Ltd., in U.K. - 10,96,605 Bonus shares issued in prop. 1:2. 1983 - The Company received a letter of intent for setting up a second wheel manufacturing unit at Rampur, U.P. with a capacity of 6,00,000 wheels per annum. 1984 - The Company issued 3,00,000-15% secured non-convertible debentures of Rs.100 each as rights to the existing shareholders for working capital requirements. 1987 - The Company issued 2,00,000-15% secured non-convertible debentures of Rs.100 each to the financial institutions on private placement basis. - The objects of the public issue of capital in June were to reduce the foreign shareholding in the Company and to raise a part of the resources required for the expansion project. These debentures will be redeemed in 5 equal instalments on the expiry of 6th, 7th, 8th and 9th year from the date of allotment, i.e., 15th April. - The Company was a joint venture of T.V. Sundaram Iyengar & Sons Ltd., Madurai and Dunlop Ltd., U.K. - Dunlop Holdings Ltd., U.K., hold 17,72,235 shares in the Company representing about 35.91% of the paid-up capital of the Company. 1988 - 16,44,907 bonus equity shares issued in prop. 1:2. 1991 - 3,00,000-15% secured non-convertible debentures of Rs.100 each were redeemed in full at a premium of 5% on 7th August. 1997 1998 -Icra has assigned A1 and A1 ratings to the proposed commercial paper issue of two TVS group companies 1999 -TITAN Europe Ltd a subsidiary of Titan Wheel International Inc USA replaces BTR Plc as the new foreign collaborator 2000 - ICRA has assigned an `A ' rating to the enhanced commercial paper programme of Rs 40 crores of the company. - Mr. Srivats Ram has been appointed Director of the company effective October 1. 2002 -Co-opted Mr. T K Seshadri, Advocate as Non Executive, Independent Additional Director - T S Santhanam, Chairman has resigned from the Board w.e.f. October 30, 2002. and Mr. S Ram was elected unanimously as the Chairman of the BOD by the Board 2003 -The Company has declared interim dividend of 28%. 2004 -Credit rating agency ICRA has reaffirmed A1 plus rating. -Appointment of DirectorsMr. T S Vijayaraghavan and Mr. S Prasad, as Non-Executive, Independent, Additional Director 2005 -Mr. Srivats Ram, Executive Director has been appointed as Joint Managing Director. 2006 -A new factory at Uttaranchal for manufacture of wheels for passenger cars / utility vehicles and agricultural tractors. 2007 -The Company's new plant for manufacture of wheels for Earth Moving & Construction Equipment at Sriperumbudur, Chennai was inaugurated. 2008 -The Company and Sundaram Finance Ltd will hold a stake of 49% each in the paid-up capital of Sundaram Hydraulics Ltd. 2009 -Wheels India Ltd, is entering the power sector. 2010 -The Company have recommended a dividend of Rs. 4.50 per share. -All India Organisation of Employers' (AIOE), an allied body of Federation of Indian Chambers of Commerce and Industry (FICCI) Award for Outstanding Industrial Relations 2011 -The Company have recommended a dividend of Rs. 6.50 per share. 2012 -The Company have recommended a final dividend of Rs.6/- (60%) per equity share. 2013 -Wheels India inks deal with Turkey-based EGE Endustri. -Wheel and Tyre Assembly at Bidadi has bagged Best Eco Awareness OSS Award. 2014 -Wheels India Limited wins the prestigious "CV auto component of the year" Award. -Wheels India has announced Rights in the Ratio of 51:20 2018 -The Company has issued Bonus Shares in the Ratio of 1:1. 2019 -Wheels India setting up new plant to serve overseas market. 2020 -Company has started production at a newly commissioned cast aluminium wheel plant at Thervoykandigai. 2022 -Hon'ble NCLT approved Scheme of Amalgamation of Sundaram Hydraulics Ltd and Wheels India Ltd and their respective Shareholders. 2023 -Wheels India Limited has informed the Exchange regarding 'Sanction of Scheme of Amalgamation of Sundaram Hydraulics Limited with Wheels India Limited' 2024 -Wheels India Awarded for quality and reliability by VECV.