Cummins India Ltd
NSE: CUMMINSIND BSE: 500480
â‚ą4860
(2.10%)
Fri, 09 Oct 2026, 01:33 pm
Market Cap (in Cr)134709.5
PE Ratio56.91
Dividend1.39
Producer Manufacturing
Auto Parts: OEM
24.5KCompany History
1962
- Incorporated on February 17 in Pune to manufacture diesel engines and others.
- Allots 38250 shares to Kirloskar Oil Engines, 75000 to Cummins Engine Co. Inc., and 36750 to public in May.
1966
- Cummins Diesel Sales and Services (India) Ltd. becomes wholly owned subsidiary.
1973
- Issues 60000 bonus shares in 2:5 proportion.
1974
- Establishes KCL Research and Development, recognized by Department of Science and Technology.
1977
- Offers 700000 11% preference shares to public in May 1976.
- Allots 210000 bonus equity shares in 1:1 proportion in October 1976.
1978
- Obtains license to manufacture 500 Neoplan buses with Gottlob Auwarter GmbH.
1980
- Issues 240000 bonus equity shares in 4:7 proportion in October-November.
1983
- Issues 660000 bonus equity shares of Rs 100 each in 1:1 proportion in December.
1986
- Proposes fatigue testing lab.
- Develops dual fuel engines for natural gas and diesel.
- Develops low floor airport bus for 125 passengers.
- Sub-divides equity and unclassified shares on December 12.
- Issues 13200000 bonus shares in 1:1 proportion.
1987
- Redeems preference shares.
1988
- Establishes luxury and airbus manufacturing facilities; commences high-tech import substitution.
- Undertakes mini-power station project of 1-10 MW.
- Receives LOI for 100% EOU engine assembly unit.
- Receives LOI for 6000 commercial vehicles annually.
- Enters collaboration with RABA Hungary.
- Sets up V-28 engines project with Cummins.
- R&D develops dual fuel engines, marine power packs, gas engines; substitutes V28 components.
1990
- Reclassifies authorised capital.
1991
- Receives ISO-9001 certification for quality management.
1992
- Assimilates technology for flame proof engines.
- Achieves foreign exchange savings through indigenisation.
1994
- Issues 1320000 bonus equity shares on October 27 in 1:2 proportion.
1996
- Introduces new engine model in compressor market.
- Cummins and Kirloskar Oil Engines decide to operate independently.
1997
- Plans Quantum engines up to 2700 HP with Cummins.
- Proposes 6 BT genset for below 100 KVA market.
- Receives Top Exporters Shield from EEPC.
- Receives export excellence trophy from foreign trade authorities.
- Cummins and KOEL sign equity holding agreement.
1998
- Changes name to Cummins India Ltd. effective September 10.
- Produces 7710 engines and 39 generating sets.
- Introduces NT/NTA 855 Big Cam, KTA 38, and QSK 60 engines.
1999
- Enters 50:50 JV with Nelson Industries to manufacture emission control products at Daman.
- Introduces Quantum series engines 1200-2500 HP.
- Introduces Recon service and float stock for engine rebuilding.
2000
- Launches e-commerce on www.cummins-india.com.
- Introduces S series engines for 30-62.5 kVA gensets.
- Collaborates with Tata Engineering for lower-end diesel engines.
- Co-opts J.K. Edwards, I.M. Barrowman as Additional Directors.
- Transfers majority stake in Cummins Infotech to US parent.
- Floats Cummins Infotech for e-business solutions.
- Sets up Cummins Power Solutions India subsidiary.
- Appoints Pradeep Bhargava as MD of Cummins Power Solutions.
2001
- Introduces new product and service range including branded gensets.
- R.L. Moore steps down as Director effective March 15.
2002
- Proposes sale, lease or disposal of Plant II.
- Merges Cummins Power Solutions and Power Systems India effective April 1.
- Co-opts Vinod Dasari as Additional Director.
- Acquires 40.5% stake in CG Newage Electrical Ltd.
2003
- Aligns operations with US parent Cummins Inc.
- Implements Six Sigma for quality improvement.
- Announces voluntary retirement scheme.
- Appoints Vinod Dasari and Ananth Talaulicar as Joint Managing Directors.
- Mandates at least one woman employee per department.
- Dr. John Wall joins board; multiple directors step down.
- Matangi Gowrishankar resigns as VP HR.
- Ties up with Satyam for CRTI operations.
2004
- Unveils emission compliant N14 series engines.
- Delists shares from Pune Stock Exchange effective January 16.
- Ties up with Cummins Westport for B Gas International engine technology.
- Appoints Anant Talaulicar as managing director of Area Business Organisation.
- Elects Anant Talaulicar as Chairman.
- Appoints Rajiv Batra as Chief Financial Officer.
2005
- Plans launch of B series diesel engines.
- Concludes wage settlement with union.
- Adds Generator Starting System to product range.
2006
- Expands joint venture in India to boost engine production.
- Introduces Power Box concept in Rental Business.
- Collaborates with IISc for biomass-based power systems.
2007
- Wins Corporate Image Leadership award and four others.
- Wins CII Innovative Energy Saving Product Award with IISc.
2008
- Signs MoU with Government of Maharashtra for Mega Project incentives at Phaltan.
- Wins CII National Award for Excellence in Energy Management.
- Rolls out X series 30/35 kVA and QSK23 series 750 kVA generator sets.
2010
- Inaugurates rural electrification project at Kolha with IIT Bombay and READ Foundation.
- Collaborates to launch women's engineering college in Nagpur.
- Conferred CII National Award for Excellence in Energy Management.
- Wins Voice of the Customer Awards from Frost & Sullivan in five categories.
2011
- Allots 79,200,000 bonus equity shares in 2:5 ratio.
- Electrifies Padarwadi village using renewable sources.
- Inaugurates fourth facility at Phaltan Megasite.
- Donates engines to over 60 ITIs in Maharashtra.
2012
- Donates generator set to Horticulture College in Phaltan.
- Tata Cummins wins Greentech Environment Award.
2013
- Named one of World’s Most Ethical Companies by Ethisphere Institute.
- Awarded perfect score in Corporate Equality Index by Human Rights Campaign.
- Announces Power Generation product line.
- Opens plant for high horsepower engines at Phaltan.
- Opens Phaltan Midrange Upfit Centre.
2014
- Tata Cummins opens third manufacturing facility in Phaltan.
- Declares interim dividend of Rs. 5 per equity share.
2015
- Completes acquisition of remaining 50% stake in Cummins Svam Sales & Service Pvt Ltd.
2016
- Signs MoU with HEC to manufacture specialised engines.
2017
- Engines power Tata PRIMA Trucks at T1 Racing Championship.
2018
- Wins Significant Achievement in Corporate Responsibility award at CII-ITC Sustainability Awards.
- Wins Golden Peacock for Business Excellence.
2019
- ABO wins CII Award for Active Customer Engagement.
- Tata Cummins Jamshedpur wins Kaizen National Award for Innovations.
2020
- Wins Silver employer award for LGBT+ inclusion from India Workplace Equality Index.
- Wins Outstanding Contribution Award in CSR at LION's CSR conclave.
2021
- Tata Cummins organizes blood donation camp in Jamshedpur.
- Announces battery electric truck collaboration with Isuzu.
- Completes 50% acquisition of Momentum Fuel.
2022
- Collaborates with ElDorado National on Axess Battery Electric Bus.
- Announces $3M multiyear program to address U.S. water sustainability.
- Collaborates with Komatsu on zero emissions mining haul trucks.
- Announces hydrogen engine partnership with Versatile.
- Wins Golden Peacock Occupational Health and Safety Award.
2023
- Launches CPCBIV+ compliant power solutions.
2024
- Launches industry-first hydrogen internal combustion engine turbochargers for on-highway applications.
- Launches next generation 6.7L Turbo Diesel Pickup engine system for 2025 Ram Heavy Duty Trucks.
