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Auto Pins (India) Ltd logo

Auto Pins (India) Ltd

NSE: BSE: 531994

₹153.10

(-4.91%)

Tue, 17 Mar 2026, 08:52 pm

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Company History

1952

  • Auto Pins (India) Regd., a partnership firm was established by Dr. Tirlok Singh, his son Shri Autar Singh and their relatives.

1954

  • The company started catering to the requirement of tapered leaf springs in the replacement market under the brand name `SIROCCO'.

1956

  • The Companies Act, 1956 was in force.

1975

  • The Company was incorporated on 28th November, 1975 at New Delhi as a Private Ltd. Company with the Registrar of Companies, Delhi and Haryana (ROC) at New Delhi.
  • The Company was incorporated with the main objects to take-over business of Auto Pins (India) Regd., a partnership firm established in 1952.

1979

  • The Company became a partner in the firm with a 15% stake.

1980

  • The company took over the business of Auto Pins (India) Regd., the partnership firm by taking over its assets, liabilities and operations as a going concern through a Dissolution Deed of partnership made on September 30, 1980.

1981

  • The operations and working of the Company had been largely unsatisfactory mainly due to high cost of production, liquidity constraints and others.

1987

  • The Company was referred to Board of Industrial and Financial Reconstruction (BIFR).

1988

  • Mr. Rajbir Singh, the present promoter of the Company, took over the majority share holding and the management of the Company.

1989

  • BIFR sanctioned a Rehabilitation Scheme in November, 1989.

1990

  • The Rehabilitation Scheme sanctioned by BIFR in November, 1989 came into operation.
  • The Company turned the corner during the year 1990-91.

1993

  • The certificate of incorporation was amended by the ROC on July 1, 1993.
  • The Company became a deemed Public Ltd. Company under Section 43A(1-A) of the Companies Act, 1956.

1994

  • The Company was discharged from the purview of BIFR on 31st August, 1994.
  • The Company issued 8,19,000 shares to the offerers in November 1994 at a premium of Rs.45/- per share to part finance the expansion, modernisation and diversification of the manufacturing facilities at Faridabad.
  • The Shareholders of the Company passed a special resolution at the Extraordinary General Meeting of the Company held on 19th September, 1994.
  • The turnover of the Company rose to Rs. 1640.76 lacs during the year ended 31st March, 1994 and the profit after tax rose to Rs.141.80 lacs in 1993-94.

1995

  • The Company issued Bonus Shares in the ratio of 3:5 to the existing shareholders by capitalising a sum of Rs.190.45 Lacs out of its free reserves Share Premium Account in October 1995.
  • The Company achieved a higher turnover of Rs.1832.56 Lacs and a profit before tax of Rs.231.91 Lacs during the year ended 31st March, 1995.
  • The scheme commenced in October 1994 and commissioned 24,000 TPA of Leaf Springs, 3,600 TPA of Parabolic Springs and 1.200 TPA of Rear Axle Shafts by 31.08.95.

1996

  • The balance capacity of Leaf Springs was scheduled to be commissioned by June 1996.
  • The company proposed to augment the capacity of rear Axle Shafts to 4,800 tpa by setting up a new plant.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800