Gabriel India Ltd
NSE: GABRIEL BSE: 505714
₹1432.30
+12 (0.84%)
Thu, 22 Oct 2026, 07:45 pm
Market Cap (in Cr)25234.01
PE Ratio74.19
Dividend0.35
Producer Manufacturing
Auto Parts: OEM
24.5KGabriel India Ltd Company History
1960
- Industrial licence granted in June for manufacture of 1,20,000 hydraulic telescopic shock absorbers per annum at Mumbai.
1961
- Gabriel India Ltd. incorporated as private company on February 24; promoted by The Gabriel Company Cleveland Ohio USA and Anands.
- Main object: manufacture shock absorbers, bimetal strips and bimetal bearings.
- Financial and technical collaboration agreement with The Gabriel Company Cleveland Ohio USA on August 29.
- 4,750 shares allotted to Gabriel International Inc. USA and 4,750 to promoters, directors etc.
1963
- Gabriel Company USA wholly acquired by Maremont Corporation USA in November; Maremont became holding company of Gabriel International Inc. Panama.
- Federal-Mogul Corporation USA became technical and financial collaborators for copper-lead alloy powders, bimetal strips and bimetal bearings.
1964
- Converted into public limited company on May 21.
- 9,500 right shares issued at par in proportion 1:1.
1966
- Licence granted in September for expansion of shock absorber capacity from 1,20,000 to 10,00,000 per annum.
- 19,000 bonus shares issued in October in proportion 1:1.
1978
- Shares subdivided on November 28, 1977.
- 8,55,000 bonus shares issued in proportion 3:2 on May 29.
- 3,69,600 shares issued to Federal Mogul Corporation USA and 3,17,400 to financial institutions at par.
- 5,28,000 shares offered to public at par in September.
- Gabriel International Inc. Panama and major Indian shareholders sold 1,57,900 equity shares to ICICI, IDBI, LIC, UTI and GIC subsidiaries on August 28.
- Non-resident holding reduced to less than 40% after public issue.
1979
- Technical collaboration with Newton & Bennet Ltd. UK to improve quality of heavy duty shock absorbers for Railways and Defence.
1985
- Agreement with Maremont Corporation USA for manufacture of McPherson struts.
- Letter of intent received from Maruti Udyog Ltd. for McPherson struts.
- 3-week lock-out declared at Mulund works due to labour unrest.
1986
- Industrial unrest disrupted operations.
- Letter of intent received from Maruti Udyog Ltd. for supply of McPherson struts for vans.
1987
- Collaboration agreement signed with IIC-SOQI of Yamaha Motor Company Group for two-wheeler shock absorbers; new plant set up at Nasik.
- New plant set up at Nasik for front forks for motorcycles; technical collaboration with Yamaha Motor Co.
- New plant set up at Dewas for shock absorbers.
- New plant set up at Parwanoo for expanding capacity of aluminium-tin and copper-lead thin-walled bearings.
- Technical collaboration with BHW Germany for large size and thick-walled engine bearings at new Parwanoo plant.
1990
- Engine Bearing division suffered setback due to industrial relations problems for three months.
- Modernisation programme of engine bearing plant adversely affected by industrial unrest.
1991
- Issued 3,69,600 14% secured redeemable partly convertible debentures of Rs. 200 each on rights basis (7:50 shares); additional 45,076 allotted.
- 18,480 debentures offered to employees; additional 343 allotted.
- Debentures allotted on May 30.
- Rs. 120 of each debenture converted into 4 equity shares at premium Rs. 20 after 6 months.
- Rs. 80 of each debenture redeemed in 4 equal instalments of Rs. 20 over 7th to 10th year.
- 17,33,996 shares allotted on conversion of debentures at premium Rs. 20; 85,197 shares to Gabriel International Inc. USA.
- Exports adversely affected by disruption of bilateral rupee trade with Soviet Union.
1992
- State-of-the-art plants at Dewas for shock absorbers and at Nasik for front forks went into commercial production.
1994
- Proposed issue of 14% partly convertible debentures of Rs. 250 each aggregating Rs. 66.89 crores on rights basis in proportion 5 equity shares: 3 PCDs.
- Part A Rs. 125 of PCDs convertible into 1 equity share at premium Rs. 115 after 12 months.
- Part B Rs. 125 of PCDs redeemable in three annual instalments at end of 6th, 7th and 8th year.
1995
- Doubled capacity for shock absorbers at Dewas plant and front forks at Nasik plant.
- New state-of-the-art plants set up at Pune and Hosur for shock absorbers and struts for new generation vehicles and exports.
- Technical collaboration with Kayaba Industries Japan for shock absorbers and struts for Maruti Suzuki vehicles.
1996
- Engine Bearing division increased capacity with automated line from USA.
- 26,75,198 equity shares issued on conversion of 14% PCDs.
1997
- New state-of-the-art plant set up at Hosur for high quality shock absorbers for 2/3 wheelers.
- New plants set up at Khandsa for struts and shock absorbers.
- New state-of-the-art autoline installed to enhance quantity and quality.
- Technical collaboration agreement signed with Arvind Industries for Pune plant.
- Collaborations with Yamaha Motor USA for two-wheeler front shock absorbers and struts, and Federal Mogul USA for sliding contact bearings for exports.
- Manufacturing setups near OEMs implemented just-in-time concepts.
1998
- Company leader in ride control equipment.
- Technical collaborations with Gabriel Ride Control Products Inc. and Federal Mogul Corporation USA.
- Company introduced voluntary retirement scheme for executives and workmen with 10 years service or age 40.
1999
- Company expanded capacity for engine bearings at Parwanoo.
- Company set up new product line for struts in Kayaba design for Maruti cars.
2000
- CRISIL assigned BBB+ rating to proposed Rs. 150 million NCD issue.
- CRISIL downgraded outstanding NCD issue rating to BBB+ from A.
2005
- Company split face value of shares from Rs. 10 to Re. 1.
2006
- Gabriel India signed contract with Arvin Meritor USA.
2008
- Mr. Rajeev Vasudeva appointed as additional Director.
2010
- Mr. John A. Crable appointed as Director in casual vacancy created by resignation of Mr. Rakesh Sachdev.
2011
- Mr. H. R. Prasad appointed as Additional Director.
- Company declared Final Dividend of 70% (Rs. 0.70 per share).
- Mr. Manoj Kolhatkar appointed as Joint Managing Director.
- Company declared Interim Dividend of 40% (Rs. 0.40 per share).
2012
- Mr. Kawal Jaggi appointed as Chief Financial Officer.
- Company declared 2nd Interim Dividend of 60% (Rs. 0.60 per share).
- Company declared bonus issue in ratio 1:1.
2013
- Gabriel India won first prize in medium size category of FICCI Quality Systems Excellence Awards for 2012.
- Gabriel India opened new two-wheeler R&D centre at Hosur.
2014
- Gabriel India signed technology license agreement with KONI B.V. for Commercial Vehicle, Buses and Industrial Equipment suspensions.
- Gabriel India sponsored Volkswagen Polo R Cup.
2015
- Gabriel India won accolades at ACMA Awards along with Chang Yun India.
- Gabriel India received Second prize in Large Size category at FICCI Quality Systems Excellence Awards.
- Gabriel India featured amongst Top 50 Best companies to work in India.
2016
- Gabriel India recognised with prestigious ACMA awards along with ANAND Group companies.
- Gabriel India awarded Silver Quality Award from Bajaj Auto Ltd. at BAVA Waluj Cluster Convention.
2017
- Gabriel India Dewas plant felicitated with Silver award in Large Size category by FICCI.
- Gabriel India Parwanoo team won Golden Peacock HR Excellence award.
- Gabriel India Khandsa plant recognised as one of the best workplaces in India for providing employment opportunities to women engineers.
2018
- Gabriel India Team Ridhm won first runner-up award under Customer Complaints category.
- Gabriel India recognised by Pune Best Brand Awards.
2019
- Gabriel India Dewas plant felicitated with Certificate of Consistency by Powerdown Australia.
- Gabriel India recognised by Yamaha Motor India.
- Gabriel India awarded for Cost Competitiveness at Suzuki Vendor Conference.
2020
- Gabriel India secured first rank at National Case Study Competition organised by ACMA India.
- Gabriel India Chakan plant received 2nd Runner-up award in Western Region Quality Circle Competition organised by ACMA.
2021
- Gabriel India Dewas plant received ACMA Excellence Award 2020 for Excellence in HR and Excellence in New Product Design and Development.
- Gabriel India Dewas plant won CII Gold Award in Low-Cost Automation category.
