3M India Ltd
NSE: 3MINDIA BSE: 523395
₹35115
(-6.40%)
Sat, 14 Feb 2026, 02:03 pm
Market Cap396.98B
PE Ratio104.55
Dividend0.45
Producer Manufacturing
Industrial Conglomerates
24.5KCompany History
1987
- Incorporated as Nav Electromed Pvt. Ltd. on June 4.
- Formed as joint venture between 3M (USA) and Scinitar Investment and Trading Co. Pvt. Ltd.
- Began manufacturing telecommunication connectors; preparing for speciality pressure sensitive tapes, medical/surgical packaging applications, speciality chemicals at Keonics-Electronics City near Bangalore.
1988
- Name changed to Birla 3M Pvt. Ltd. in February.
- Entered technical agreement with 3M on March 17 for technology transfer.
1989
- Converted to public limited company on April 27.
1991
- Issued balance shares to the public in February.
1992
- Signatories subscribed 70 equity shares.
- Issued 7,000,000 equity shares: 3,200,000 to 3M, 1,920,000 to Scimitar Investment and Trading Co. Pvt. Ltd., 1,279,930 to Shares on Investment & Trading Co. Pvt. Ltd.
- Reserved 350,000 shares for employees (145,900 allotted).
- Allotted additional 2,200,000 shares for oversubscription: 960,000 to promoters, 1,240,000 to public.
1993
- Allotted 2,065,000 equity shares to 3M on preferential basis.
- Introduced industrial and commercial tapes, 3M stethoscopes, and overhead projectors.
- Created technical cell to adapt 3M products for local market.
1995
- Launched new products in office, telecom, healthcare, and consumer markets.
- Entered construction markets and planned manufacturing expansion.
- Developed products using adhesive, aerosol, chemical, and abrasive technology from 3M.
1996
- Introduced privacy filters, Scotchlite, and LCD panels.
- Introduced Optical Fibre using technology from 3M.
1997
- Acquired 25 acres land near Pune for factory.
- Launched Scotchgard brand for Bangalore silk market.
- Achieved 30% sales growth in first five months of financial year.
1998
- Proposed new plant in Pune.
- Entered strategic alliance with Hewlett Packard for Thermal Ink Jet imaging media.
- Launched 3M Sun Control Film (Scotchtint).
- Set up 3M Innovation Centre at Electronics City, Bangalore.
- Launched Photodyne 800XGT fibre identifier.
1999
- Set up gratuity fund with Life Insurance Corporation of India.
2000
- Signed exclusive agreement with Arvind Mills for stain-resistant cotton fabric finishes.
- Entered consumer healthcare products market.
- Received ICRA A1+ rating for short-term debt programme.
- Introduced special effect films for etching.
- Planned manufacturing plant for home care division.
2001
- Launched improved version of Scotch Brite scrub pad.
2002
- Name changed to 3M India Limited.
2003
- Launched car care services for total customer solution and protection.
2004
- Shareholders approved de-listing from Ahmedabad, Bangalore, Calcutta, and Delhi Stock Exchanges.
- Inaugurated Manufacturing Facility for Corrosion Protection Products in Ahmedabad.
2006
- Acquired Mahindra Engineering & Chemical Products Limited.
2007
- Moved to new Corporate Office at UB City, Bangalore.
- Expanded Bangalore and Ahmedabad plants.
- Acquired Macroworx Media Pvt Ltd.
2008
- Completed 20 years of operations in India.
- 5th manufacturing facility at Ranjangaon began commercial operations.
2009
- Inaugurated Phase 2 of Corrosion Protection Manufacturing Facility at Ahmedabad.
2010
- Launched 3M Car Care Centre retail initiative.
- Filed 13 patents and launched over 23 new product innovations for India market.
2011
- Inaugurated biggest Distribution Centre at Electronics City, Bangalore.
- Opened branch offices in Kolkata, Chennai, Pune, and Gurgaon.
- Inaugurated Innovation Centres at Bangalore and Gurgaon.
- Filed 14 patents.
- Ranked 4th in ICMR Most Innovative Brands.
2012
- In-House R&D Unit at Bangalore recognized by Department of Scientific and Industrial Research (DSIR).
2013
- Introduced LED Advanced Light for enclosed commercial applications.
- Awarded top honor at 14th Annual TEKNE Awards.
- Introduced two new Solar Encapsulant Films.
2014
- Earned top honors at 2014 Edison Awards.
- Introduced Anti-Glare Filters for laptops and computer monitors.
- Completed acquisition of Treo Solutions.
- Launched 3M Multi-Touch Developer Network.
2021
- Announced new R&D technical centre in Dublin: 3M Digital Science Community, creating over 100 jobs.
2022
- Introduced automated bonding system with Nordson for faster, simpler, sustainable manufacturing.
- Petrifilm Plate Reader Advanced won gold at 2022 Edison Awards.
- Acquired LeanTec technology for inventory management and digital solutions in auto body shops.
2023
- Entered agreements with Pierrel for sale of dental local anesthetic business assets.
- Announced joint development agreement with Svante for carbon dioxide removal products.
- Revealed Solventum as name for planned independent Health Care Company spin-off.
2024
- Signed joint research project agreement with HD Hyundai KSOE for large liquid hydrogen storage tanks.
- Launched Verify app to tackle counterfeit personal protective equipment.
- Completed spin-off of health care business, launching Solventum Corporation.
- Introduced world's first innovation to redefine shipping and packaging.
2025
- Joined US-JOINT Consortium to expand in semiconductor industry.
- Debuted AI-powered assistant 'Ask 3M' and expanded 3M Digital Materials Hub at CES 2026.
- Recognized 32 State Merit Winners and 4 honorable mentions in 2025 3M Young Scientist Challenge.
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