YEAR EVENTS 1974 - The company was incorporated in at Mumbai. It was promoted by Mr. I.S. Gajra, B. S. Gajra & Gajra Gears Pvt. Ltd. - The company manufactures Ring Gears & Pinions, Differential Gears & Kits. 1983 - Sealed Quench Furnace & Rotary Furnace were commissioned. - The company proposes to enter the passenger vehicle field in collaboration with a French firm. - Gajra Bevel Gears is the largest manufacturer in the replacement market with its largest range & variety in the differential gear segment. 1992 - Operations were also affected due to heavy power custs during the second half of the year 1991-92. - During the year Company has issued 14% 95,000 Non-convertible Redeemable Debentures of Rs.100/- each by way of private placement for augmenting working capital requirement. 1993 - Working of the Company was severely affected by illegal strike of workers for 45 days. Finally workers joined their duties Unconditionally. - In place of conventional furnaces new modified Gas Carburising Furnaces have been installed to reduce consumption of energy. - Company developed and produced Cutting Tools for in-house consumption thereby reducing its import which resulted in saving of foreign exchange on this account. 1994 - The Company introduced "Everest" Brand of Crown Wheel and Pinion which has better life and durability. Company has also developed some new Crown Wheel and Pinions for export market. 1995 - During the current year Company has received export excellence award for the year 1993-94 by Madhya Pradesh Importers and Exporters Association. 1996 - Modest expansion project with the Term Loan from Industrial Development Bank of India (IDBI) was completed during the year, which will improve the capacity utilisation. - Company has acquired latest CM machine from Carl Zies, Germany, which will enable the Company in speedy development of new range. 1997 - The Company has entered into technical collaboration agreement with M/s Antonov Automotive Technologies Europe B.V. and M/s Antonov Automotive Europe B.V. for manufacture of Automatic Transmissions for cars, LCVs and HCVs. 1998 - During the year Automobile industry has passed through a severe recession which compelled Company for several Price reductions. - During the year Industrial Development Bank of India (IDBI) has privately subscribed 200 Nos. of 18% Redeemable Non-convertible debentures of Rs. 1.00 lac each amounting to Rs. 200.00 lacs. - The Company is the first Gear Manufacturing Company in India to get ISO 9001 Certification from TUV of Germany. - Company has successfully developed Automatic Transmission for Car. 1999 - Company has developed several Crown Wheel & Pinion, Differential Gears for domestic and Export market. 2000 - The Board has issued further equity shares for an amount not exceeding Rs 1.63 lakhs by way of private placement. 2008 -Gajra Bevel Gears Ltd has designated E-mail ID for Investors Complaints -gbglinvestors@rediffmail.com