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Bharat Gears Ltd logo

Bharat Gears Ltd

NSE: BHARATGEAR BSE: 505688

₹114.83

(0.88%)

Mon, 25 May 2026, 01:48 am

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Company History

1971

  • The company was incorporated on 23rd December.
  • The company was promoted by Bharat Steel Tubes Ltd and Raunaq & Co Pvt Ltd.

1974

  • 6,40,000 equity shares were subscribed for by promoters.
  • 30,000 preference shares and 1,60,000 equity shares were offered at par to the public in January 1973.

1982

  • 1,20,000 equity shares were issued at par to financial institutions on conversion of loans during 1981-82.

1985

  • 2,58,941 equity shares were allotted to ZF AG of West Germany at a premium of Rs 20 per share.

1986

  • The company issued 9,67,723 13.5% secured redeemable convertible debentures of Rs 100 each.
  • A portion of each debenture was converted into equity shares.
  • 17,42,892 equity shares were allotted in part conversion of debentures.

1987

  • A new Gear Box division was formed with the implementation of the Gear Box project.
  • 15 preference shares were redeemed.
  • The redemption date of remaining preference shares was extended to 8.2.1993.
  • The rate of dividend was reduced to 14%.

1989

  • The gear project developed and marketed various components for two-wheelers, agricultural tractors and trucks.

1991

  • 7,86,000 equity shares were allotted at a premium of Rs 12.50 per share to ZF Friedrichshafen AG, Germany.

1993

  • The overall turnover declined to Rs.68.60 crores.

1994

  • The company expanded its production capacity at its existing factory at Mumbra.
  • The company 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.

1996

  • The company drew up plans to set up a new manufacturing facility for transmission gears.
  • The company entered into a joint venture project with PICUP to set up a gear project.
  • A new company, Raunaq Automotive Components Ltd, was promoted jointly by Bharat Gears Ltd and PICUP.
  • The company's turnover increased marginally to Rs.115.19 crores.
  • The authorised capital was increased.

1997

  • The turnover rose marginally to Rs.118.04 crores.
  • The authorised capital was increased.

1998

  • The company's turnover rose by 16.52% to Rs.137.54 crores.
  • The authorised capital was increased.
  • 1,166,667 equity shares were allotted on November 24th, 1998.
  • 28,750 equity shares were allotted on March 19th, 1999.

2000

  • Commercial production started in Faridabad.
  • BGL received SQ 9000 certification for the Mumbra Plant.

2001

  • BGL received SQ 9000 certification for the Faridabad Plant.

2004

  • BGL Faridabad started supplying to Toyota Kirloskar Auto Parts.

2006

  • The company issued rights in the ratio of 3:10.

2007

  • Mr. Sameer Kanwar was appointed as Executive Director of the company.

2008

  • The company introduced the Dry Cut Hobbing process.
  • Mr. Sameer was appointed as Joint Managing Director of the company.
  • The company recommended a dividend of 10%.

2009

  • The company introduced the Klinglenberg Close Loop CNC Gear Measuring system.
  • The company recommended a dividend of Re 1 per equity share.

2010

  • The company introduced the Bevel Gear dry cutting process with close loop technology.
  • The company recommended a dividend of Rs. 1.20 per equity share.

2011

  • The company recommended a final dividend of Rs. 1.50 per equity share.

2012

  • The company recommended a final dividend of Rs 1.80 per equity share.

2013

  • The company recommended a final dividend of Rs. 1.80 per equity share.
  • A new manufacturing facility was inaugurated in Maharashtra.

2014

  • Commercial production commenced at the new plant in Satara, Maharashtra.
  • The company recommended a final dividend of Rs. 1 per equity share.

2015

  • The company received TS16949, ISO14001 and OHSAS 18001 Certifications for the Lonand Plant.

2018

  • The company received IATF 16949 certification for all three plants.

2019

  • The second phase of the Lonand Plant was completed.
  • A Single Flank testing Machine (MTE) was introduced.
  • CGCF with Robotic Automation was introduced.
  • 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.
  • The company achieved its highest ever turnover of 729 crores.
  • The company entered into Hydraulics, EV & Industrial gear segments.

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