Bajaj Electricals Ltd
NSE: BAJAJELEC BSE: 500031
₹306.70
+1.30 (0.43%)
Sat, 24 Oct 2026, 06:28 pm
Market Cap (in Cr)3518.69
PE Ratio0
Dividend0.98
Consumer Durables
Electronics/Appliances
24.5KBajaj Electricals Ltd Company History
1938
- The Company was Incorporated in July, at Lahore.
1961
- The Name of the Company was changed from 'Radio Lamp Works, Ltd' to 'Bajaj Electricals Ltd'.
1964
- 27,500 Right Equity shares were offered at par in prop. of 1 share: Rs 180 paid-up capital on Equity/Deferred shares.
1966
- 25,000 II Pref. shares were redeemed in August 1966.
1980
- 25,000 - 9.5% CR Pref. shares were redeemed.
1982
- 17,278 deferred shares were converted into 17,278 No. of Equity shares in prop. 1 Equity shares of Rs 100 : 1 deferred share of Rs 10.
1983
- Pref. shares were converted into 15% non-convertible debentures in prop. 1:1.
1984
- Matchwel Electricals (India) Ltd., a subsidiary of the Company, was amalgamated with effect from 1st July.
- The Company issued 3,754 No. of equity shares of Rs 100 each in the ratio of one equity shares for every 20 equity shares of Rs 10 each of Matchwel Electricals (India) Ltd.
- The Company issued 16,320 - 15% non-convertible debentures of Rs 100 each in the proportion of three such debentures for two such preference shares held.
- The Company signed a joint venture agreement with Newtronics Pvt. Ltd., Australia, to jointly promote a company in India under the name and style 'Bajaj Newtronics Pvt., Ltd.'
1986
- The amalgamation of Matchwel Electricals (India) Ltd. with Bajaj Electricals became effective.
1989
- 96,032 bonus equity shares were issued in prop. 1:1.
1992
- The Company imported mirror photogoniometer from Australia and installed in the lighting division for photometric testing.
- The Company signed a Memorandum of Understanding with The Black & Decker Corporation of U.S.A. for setting up a joint venture company.
1995
- The matchwel unit proposed to commence two additional die casting machines of 660 tonnes each.
- 9,60,320 rights equity shares were issued in prop. 1:2 at a premium of Rs 190 per share.
1996
- The Company proposed to set up a Die-casting unit at Chakan, a C-Zone industrially backward Area in Maharashtra at a total cost of Rs 11 crores.
1997
- 14,40,480 Bonus shares were allotted in prop. 1:2.
1998
- The Company entered into an agreement with the Joint Venture Company, Black & Decker Corporation to purchase their 50% shareholding in BDB to become 100% subsidiary of the company.
- The Company set up a galvanising plant at Ranjangaon in Maharashtra.
- The Company set up a Wind Farm with installed capacity of 3 MW at Village Vankusavade in the Satara district of Maharashtra.
- 10,000,000-11% Cum. Red. Pref. shares of Rs 10/- each were issued on private placement basis.
2000
- Bajaj Electricals signed a memorandum of understanding with Chinese consumer durables major GD Midea Holding Co. Ltd.
- The Company appointed Andersen Consulting for carrying out a comprehensive business process re-engineering exercise.
- The Company set up the first of its kind high mast lighting and galvanising unit at Anjangaon in Maharashtra.
2003
- The Company fixed 20th Sep as record date for rights issue in the ratio of 1:1 at a price of Rs 25 per share.
2005
- Bajaj Electricals launched a premium range of ceiling fans.
2006
- Shri R Ramakrishnan was appointed as an Executive Director in the whole-time employment of the Company with effect from October 26, 2006.
2007
- The Company issued Bonus Shares in the Ratio of 1:1.
2009
- Dr. Rajendra Prasad Singh was appointed as a Director of the Company with effect from May 28, 2009.
2010
- Bajaj Electricals won the prestigious Master Brand title conferred by CMO USA & CMO Asia in November 2010 for leadership and continuous innovation.
- The Company split its Face value of Shares from Rs 10 to Rs 2.
2011
- Bajaj Electricals partnered with Vector Consulting Group to revamp its Supply Chain.
2012
- Shri Anant Bajaj was appointed as the Joint Managing Director of the Company.
- The Company recommended the Dividend for FY 2011-12 at 140%.
2013
- Bajaj Electrical bagged Power Distribution Projects worth Rs. 757 cr.
2014
- Bajaj Electrical bagged 8 new orders for Rural Electrification work in Jabalpur District from Madhya Pradesh Purva Kshetra Vidyut Vitaran Company Ltd and in Bhopal District from Madhya Pradesh Madhya Kshetra Vidyut Company Ltd.
- Bajaj Electrical bagged a new Order for EHV sub-station and associated transmission line from Odisha Power Transmission Company Limited (OPTCL).
2015
- Bajaj Electricals Ltd. was awarded the Best Company In Integrated Building Management Solutions.
- Bajaj Electricals Ltd. was awarded the Best Innovative Use Of Technology In Procurement @ The Procurement Excellence Award 2015.
2016
- Bajaj Electricals showcased its new range of technologically advanced products for applications like IT/ITES, Modern work spaces, Pharmaceuticals and Smart City Lighting.
- Bajaj Electricals Ltd. was awarded the Fair Business Practices for highest ethical practices in business.
- Bajaj Electricals Ltd launches its Premium range of Kitchen appliances.
2018
- The Bajaj Electricals launched Bajaj Cool.INXT, billed as the first of its kind Internet of Things.
- The Engineering & Project Business Unit of Bajaj Electricals bagged a Power Distribution project worth of US$ 4,126,587.07.
2021
- Mahindra Logistics with Bajaj Electricals announced Project 'SAMRIDDHI' for integrated logistics services.
2022
- NCLT Approved the scheme of Merger of Starlite Lighting Limited with Bajaj Electricals Ltd.
- Bajaj Electricals Limited entered into a Trademark Licencing Agreement with Morphy Richards Limited.
2023
- Bajaj Electricals Limited informed the Exchange regarding update in the matter of the Scheme of Merger of Nirlep Appliances Private Limited with Bajaj Electricals Limited.
2024
- Bajaj Electricals Limited informed the Exchange regarding execution of License Agreement with Bajel Projects Limited.
- The Company informed Scheme of Merger by Absorption of Nirlep Appliances Private Limited with Bajaj Electricals Limited and their respective shareholders.
2025
- Bajaj Electricals, IIT Bombay joined hands for smart lighting solutions.
