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Federal-Mogul Goetze (India) Ltd logo

Federal-Mogul Goetze (India) Ltd

NSE: FMGOETZE BSE: 505744

₹394.05

(-1.31%)

Wed, 18 Mar 2026, 08:31 am

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Company History

1954

  • The company was incorporated as Goetze (India) Pvt. Ltd.

1961

  • The company became a public limited company.

1972

  • The company issued 8,443 shares partly without payment in cash and 14,234 shares as bonus shares.

1978

  • The company ceased to be a subsidiary of Escorts Ltd.
  • The company undertook to set up a new plant at Yelahanka.
  • The company issued 12,09,292 equity shares and 12,53,328 shares were offered for public subscription.

1979

  • Machinery for the production of special types of rings was received at the Bangalore plant.

1980

  • The machinery was installed and commissioned at the Bangalore plant.
  • The company issued 4,72,399 equity shares to financial institutions.

1982

  • The company issued 1,50,000 equity shares to Goetze Ag., West Germany.

1985

  • The company started leasing business with a product-mix of energy saving devices, gas cylinders, bottles, etc.
  • The company issued 23,11,200 rights equity shares.

1986

  • The company commenced production of light alloy cylinders for shell moulding process and small size piston rings.

1987

  • The company commenced exports of processed fruit products.
  • The company explored the possibility of setting up a joint venture company for the manufacture of food products.

1988

  • The company developed large diameter piston rings upto 300 mm.
  • The company proposed to set up a joint venture in Singapore for the manufacture of automotive components.

1989

  • The company started supplying large diameter piston rings to Indian Railways.

1991

  • The company finalised its diversification plans in four areas: solvent extraction plant, supermarkets, leather garment unit and acqua culture project.

1992

  • The company issued 52,00,200 - 12.5% Secured fully convertible debentures of Rs. 60 each.
  • The company issued 2,59,800 - 12.5% fully convertible debentures of Rs. 60 each to employees.

1993

  • The company commissioned and produced its solvent extracted vegetable oil plant, leather garment factory and expanded capacity of rings projects.

1994

  • The company allotted 45,78,767 equity shares of Rs. 10 each.

1995

  • Brico Goetze (India) Ltd was formed in collaboration with T&N Plc for the manufacture of Sintered Metal Components.
  • The company allotted 84,23,365 bonus shares.

1996

  • The company transferred the entire business undertaking of piston activity to M/s. Escorts Mahle Ltd.
  • The company allotted 5,818 bonus equity shares.

1997

  • The company signed a joint venture agreement with Teikoku Piston Ring Co. Ltd, Japan and T&N Investments Ltd, UK.
  • Goetze TP set up a state-of-the-art plant at Bangalore for manufacturing nitrided steel piston rings.

1998

  • The company proposed to arm the board with powers to buy back shares up to 20 per cent of the company's paid-up equity capital.
  • The company proposed to hive off its leather garments and edible oils businesses to separate joint venture companies.
  • Crisil downgraded the fixed deposit programme of Goetze India Ltd to FA + from FAA.

1999

  • The company asked its collaborators, Federal Moghul, to re-design its work-flow through business process re-engineering.

2000

  • The company decided to extend its voluntary retirement scheme for another two years.
  • The company proposed to reduce its headcount further by 400 employees.
  • The company sold off the solvent oil extraction facility for Rs 5 crore.
  • CARE assigned a PR1 rating to the Commercial Paper programme of Rs 40 mn of Goetze India.

2001

  • The company amalgamated its wholly-owned subsidiary Federal Mogul Sintered Products.

2002

  • Mr. Arun Anand was appointed as Whole-time Director.

2003

  • The company allotted 10,00,000 - 11% Cumulative Redeemable Preference Shares of Rs 100 each.
  • Joint Investments Pvt Ltd acquired 68,80,260 Equity Shares of the Company.
  • The Hon'ble High Court of Delhi sanctioned the amalgamation of Escorts Pistons Ltd and Coupled Investments Pvt. Ltd. with the Company.
  • Mr. B R Kapoor retired as Executive Director of the company.
  • CRISIL reaffirmed the 'P1' rating on the Rs 40 crore commercial paper programme of Goetze.
  • The board approved a rights issue of equity shares for an aggregate amount of upto Rs 500 million.
  • Mr. Rainer Jueckstock was appointed as Director.
  • Mr. Jochen Stechow was appointed as Alternate Director.
  • The board approved the delisting of the company's equity shares from the Delhi and Mumbai Stock Exchanges.
  • Dr. Surinder Kapur was inducted on the Board of the Company.

2004

  • The company was delisted from the Delhi Stock Exchange Association Ltd. (DSE).
  • The company signed a Technology Agreement with Federal Mogul, GmbH, Germany.

2005

  • Mr. L M Thapar resigned from his Directorship on the Board of the Company.

2006

  • Goetze India appointed Arun Anand as CEO.

2007

  • Federal-Mogul Goetze (India) Ltd appointed Mr. Rustin Murdock as Managing Director & CFO.
  • Federal-Mogul Goetze (India) Ltd issued rights in the ratio of 29:100.

2008

  • The company issued rights in the ratio of 71:100 at a premium of Rs 46/- per share.
  • Mr. Jean Humbert Louis de VILLARDI de Montlaur was appointed as Whole Time Director & President of the Company.

2009

  • Mr. K N Subramaniam was appointed as the Non-executive Independent Director and Chairman of the company.

2010

  • Mr. Dan Brugger was appointed as the Chief Financial Officer of the Company.
  • The Registered Office of the Company was shifted from A-26/3, Mohan Co-operatives Industrial Estate, New Delhi - 110044 to 7870-7877, G-I, Roshanara Plaza Building, Roshanara Road, Delhi - 110007.
  • Mr. K N Subramaniam was appointed as the Non-executive Independent Director and Chairman of the company.

2012

  • M/s Walker, Chandiok & Co, Chartered Accountants, was appointed as Statutory Auditors of the company.

2013

  • Federal-Mogul Goetze appointed Mr. Dan Brugger as Chief Financial Officer of the Company.

2014

  • Federal-Mogul Goetze appointed Ms. Janice R. Maiden and Mr. Mahendra Goyal as Additional Directors of the Company.

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