YEAR EVENTS 1971 - The Company was Incorporated on 23rd December. The company is promoted by Bharat Steel Tubes Ltd. and Raunaq & Co. Pvt. Ltd. The Company manufacture automobile gears, viz., spiral bevel, straight bevel, spur & 7 helical and worm gears, gear boxes, forgings and continuous gas carburising furnaces. 1974 - 6,40,000 No. of equity shares subscribed for by promoters, etc. 30,000 Pref. and 1,60,000 No. of equity shares offered at par to the public in January 1973. Pref. shares redeemable during 8.2.1985/88 at 3 months notice. 1982 - 1,20,000 No. of equity shares issued at par to financial institution on conversion of loans during 1981-82. 1985 - 2,58,941 No. of equity shares allotted to ZF AG of West Germany at a prem. of Rs 20 per share against technical know-how without payment in cash. 1986 - In order to finance partly its Gear Box project, the Company issued during November/December, 9,67,723-13.5% secured redeemable convertible debentures of Rs 100 each as follows: - (i) 46,082 debentures to the employees/workers of the Company on equitable basis (none were taken up), (ii) 5,877 debentures to the Company's technical collaborators, Zahnradfabrik Friedrichshafer AG (ZF), West Germany and (iii) 9,15,764 debentures to the equity shareholders of the Company on a rights basis in the prop. of 2 debentures for every 5 equity shares held - Out of the unsubscribed portion of 3,33,273 debentures from the shareholders quota, 2,88,955 debentures were allotted on private placement basis and the balance 44,318 debentures remained unsubscribed from the promoters and employees quota was allowed to lapse. - A portion of Rs 20 of each debentures was converted into 2 equity shares of Rs 10 each at par as on 1st March, 1987. The non-convertible part of Rs 80 would be redeemed at the end of the 10 year from the date of allotment with an option to the Company to repay the amount in one or more installments by drawing lots at any time after the end of 7 years from the date of allotment. - 17,42,892 No. of equity shares allotted at par in part conversion of debentures. 1987 - With the implementation of Gear Box project, a new Gear Box division was formed which sold 235 gear boxes having sales value of Rs 48 lakhs. - 15 Pref. shares redeemed. The redemption date of remaining Pref. shares extended to 8.2.1993. Rate of dividend was reduced to 14%. 1989 - The gear project had developed and marketed various components for two-wheelers, agricultural tractors and trucks. 1991 - 7,86,000 No. of equity shares allotted at a prem. of Rs 12.50 per share to ZF Friedrichshafen AG, Germany, foreign collaborators to increase their shareholding. 1993 - Overall turnover declined to Rs.68.60 crores due to continued recession in the heavy commercial vehicle and tractor markets. 1994 - The Company expanded its production capacity at its existing factory at Mumbra and also undertook to set up a new plant after discussing technical matters with its foreign collaborators. - The Company's overall turnover improved to Rs.85.19 crores due to the higher volumes in production and sales of tractors and heavy commercial vehicles. 1996 - The Company had drawn up substantial plans to set up a new manufacturing facility for transmission gears and also to undertake expansion of its existing facilities at Mumbra to meet the demand of the existing and new domestic and export customers. - The company entered into a joint venture project with PICUP to set up a gear project for the manufacture of 1000 tonnes of automotive gear and 10 million nos. of thin walled bimetal bearings per annum at Gairaul in Moradabad district of U.P. A new company was named Raunaq Automotive Components Ltd. was promoted jointly by Bharat Gears Ltd., and PICUP. - Bharat Gears provided it with the technical support and engineering services and had the sole marketing rights for the sale of the products in India and abroad. - The Company's turnover increased marginally to Rs.115.19 crores due to general sluggishness in the LCV segment and export market which resulted in lower off take of sales of gear boxes and exports sales. - Authorised capital increased. 1997 - The turnover rose marginally to Rs.118.04 crores due to continued sluggishness in the domestic HCV/LCV segment coupled with slowdown of production activities in July at the Mubra plant due to labour unrest. - Authorised capital increased. 1998 - The turnover rose by 16.52% to Rs.137.54 crores due to stagnant market conditions and poor liquidity. - Authorised capital increased. 1,166,667 No. of equity shares allotted on November, 24th 1998. 28,750 No. of equity shares allotted on March, 19th 1999. 2000 -Start of Commercial Production in Faridabad -BGL receives SQ 9000 for Mumbra Plant 2001 -BGL receives SQ 9000 for Faridabad Plant. 2004 -BGL Faridabad starts supply to Toyota Kirloskar Auto Parts 2006 -Bharat Gears Ltd Issues Rights in the Ratio of 3:10 2007 -Bharat Gears Ltd has appointment Mr. Sameer Kanwar, Change as Executive director, Board Meeting 2008 -The Company introduced Dry Cut Hobbing process -The Company has appointed Mr. Sameer as Joint Managing Director of the Company. -The Company recommended dividend @ 10% 2009 -The Company introduced Klinglenberg Close Loop CNC Gear Measuring system -The Company recommended Dividend @ Re 1/-. 2010 -The Company introduced Bevel Gear dry cutting process with close loop technology -The Company recommended Dividend @ Rs. 1.20/- per equity share 2011 -The Company has recommended Final Dividend @ Rs. 1.50/- per equity share. 2012 -The Company has recommended Final Dividend @ Rs 1.80 per equity share. 2013 -Bharat Gears Ltd has recommended Final Dividend @ Rs. 1.80/- per equity share of the Company -Bharat Gears inaugurates new manufacturing facility in Maharashtra 2014 -Bharat Gears Commencement of commercial production at the New Plant of the Company at Satara, Maharashtra -Bharat Gears Ltd has recommended Final Dividend @ Rs. 1/- per equity share of the Company 2015 Received TS16949, ISO14001 and OHSAS 18001 Certifications for Lonand Plant 2018 Received IATF 16949 certification for all three plants 2019 -Second Phase of Lonand Plant completed introduced Single Flank testing Machine (MTE) introduced CGCF with Robotic Automation -BGL issued rights shares of Rs. 10 in the ratio of 1:7 at a premium of Rs. 95 per share. 2021 -BGL issued rights shares of Rs. 10 in the ratio of 1:10 at a premium of Rs. 95 per share. 2022 -BGL has issued Bonus Shares in the Ratio of 1:2. -Highest ever Turnover in the Company's history-729 crores, Entry into Hydraulics, EV & Industrial gear segments