Greaves Cotton Ltd
NSE: GREAVESCOT BSE: 501455
₹203.55
-5.25 (2.51%)
Thu, 22 Oct 2026, 11:54 pm
Market Cap (in Cr)4865.19
PE Ratio47.78
Dividend0.96
Producer Manufacturing
Trucks/Construction/Farm Machinery
24.5KGreaves Cotton Ltd Company History
1922
- Incorporated as Private Ltd company on 29 March.
- Issues equity shares without payment in cash.
1950
- Converts to Public Limited Company on 8 May.
1958
- Floats Greaves Dronsfield Company; registers 31 December for emery fillets.
1959
- Registers Mather Greaves Company on 6 August for calender bowls.
1960
- Concludes technical collaboration with Mandrills Ltd Australia for diamond tools.
- Registers David Brown Greaves Ltd on 6 June for worm gears.
- Registers Draton Greaves on 19 August for steam traps.
1963
- Commences production of Schriner calenders, stenter clips, mangles, printing machines.
- Mather Greaves becomes subsidiary on 22 April.
1965
- Mather Greaves Ltd terminates sole concessionaires agreement and handles own marketing.
1967
- Lists subsidiaries: Greaves Leasing & Finance Ltd, Rajpath Investment Ltd, Cannation Investment Ltd, Greaves Midwest Engineering Co Ltd, SIDVIM Ag.
1975
- Incorporates Greaves Lombardini Ltd (initially Greaves Diesels Ltd) for diesel engines.
1982
- Emery fillets consumption drops due to textile strike.
1983
- Converts 5% tax-free preference shares to 13.5% taxable from 1 July.
1984
- Merges Greaves Lombardini Ltd.
- Redeems 25,000 6% preference shares.
- Issues 212,625 bonus equity shares in 1:2 proportion.
1985
- Greaves Dronsfield becomes wholly-owned subsidiary.
- Enters technical collaboration with David Brown Gear Industries for helical gearboxes.
- Allots preference and equity shares on Lombardini merger.
1988
- Redeems 25,000 15% preference C shares.
- Issues 328,562 bonus equity shares in 1:2 proportion.
1989
- Proposes offices in USSR and East Africa for exports.
1990
- Introduces Greaves-GD3000 portable diesel genset.
- Agrees with RIICO for ABS resins unit at Abu Road.
- Plans three-wheeler autorickshaw unit at Baramati.
- Increases Aurangabad lightweight engines capacity to 32,500.
- Amalgamates Greaves Chitram Ltd; allots shares to shareholders.
- Declares lock-out at Nasik plant 14 June; lifted 20 October.
1991
- Converts Singapore representative office to trading office.
- Proposes JV with Frabelle for deep sea tuna fishing.
- Proposes amalgamation of Greaves Semiconductors with retrospective effect.
- Issues 12.5% convertible debentures on rights and employee basis; converts to 3,858,029 equity shares in 1992.
1992
- Suspends Marol operations in October; disposes land and building.
- Commissions Power Transmission Unit II at Falta.
- Issues 13,714,949 rights equity shares and employee shares.
- Offers 2,682,240 Greaves Fosico shares for sale.
- Rajasthan Polymers & Resins offers partly convertible debentures.
- Allots shares on mergers including Ruston & Hornsby and David Brown Greaves.
1993
- Registers Pacific Greaves Pte Ltd in Singapore for trading JV.
- Proposes JV for Russia infrastructure.
- Changes name to Greaves Ltd effective 19 August.
- Allots equity shares on debenture conversions and mergers.
1994
- Launches diesel three-wheelers and HIPS resins.
- Commences diesel engines production at Ranipet and Thoraipakkam.
- Sets up Nasik factory for rolling cutter rock bits with Smith Tool.
- Acquires Thoraipakkam properties from Enfield India effective 31 January.
- Signs SAME licence for tractors in June.
1995
- Allots 14,738,176 bonus shares in 1:2 proportion.
1996
- Achieves 94% capacity utilization for Garuda diesel three-wheeler.
- Proposes industrial park at Ranjangaon.
- Enters technical collaboration with SAME Spa for tractors.
- Signs JV with Same Deutz Fahr for diesel engines.
- Proposes increase in Chinchwad gensets capacity.
1997
- Enters automotive sector with tractors and three-wheelers.
- Increases diesel engines capacity at Aurangabad and Ranipet to 100,000.
- Launches Garuda diesel three-wheeler; plans petrol version.
- Signs MoU with Piaggio for three/four-wheelers.
- PTD plans JVs with Team Asia and Bonfiglioli.
- Merges Rajasthan Polymers & Resins Ltd effective April 1.
1998
- Doubles internal combustion engines capacity at Thoraipakkam.
- Enhances spark ignition engines capacity to 200,000 units.
- Signs MoU with BTR European Holdings for subsidiary.
- Launches 50HP Same Greaves 503 tractor.
1999
- Partners with Piaggio for compact engines with gearboxes for three-wheelers.
- Ties up with Chinese firms Chang Chai and Dangefeng for power tillers.
- Launches new range of industrial gearboxes.
- Sets up Baramati plant for 25,000 vehicles annually.
- Launches APE three-wheelers in NCR.
- Plans Solaris tractors 25-45 HP at Ranipet.
2000
- Forms 50:50 JV with Same Deutz SpA for 25-70 HP tractors.
- Increases Chennai petrol/kerosene engines capacity to 120,000.
- Approves amalgamation of Rajpath Investments with Carnation Investment.
- Enters technical collaboration with Cifa Spa for ready mix concrete equipment.
- Converts Ranipet tractor operations to 50:50 JV with Same.
2001
- Lombardini acquires Aurangabad engine facility for Rs 11 crore.
2002
- K K Nohria resigns as Director; appoints Vijay Rai.
- Same Deutz Fahr acquires stake for Rs 26.9 crore.
2003
- Solaris Chemtech acquires 950,000 Crompton Greaves shares from Greaves Ltd., stake rises to 10.83%.
- Changes name back to Greaves Cotton.
2004
- Appoints Karan Thapar as chairman.
- Signs MoU with Premium Energy Transmissions.
- Signs MoU with Corporation Bank for farm machine financing.
2005
- Launches Greaves Metro Pump for construction.
- Unveils four new products.
- Appoints Vikram Tandon as Director.
2007
- Appoints S D Nayyar as Additional Director.
- Acquires Bukh-Farymann GmbH Diesel, Germany.
2008
- Opens technology centre and G Series engines facility in Pune.
- Opens compaction equipment plant in Gummidipoondi.
- Inaugurates agro equipment facility in Gummidipoondi.
- Forms supply tie-up with PVPL for engines.
2009
- Crosses two million light diesel engines.
2010
- Declares third interim dividend of Rs. 2 per share.
- Splits share face value from Rs 10 to Rs 2.
2011
- Enters long-term supply agreement with Mahindra & Mahindra for single-cylinder engines.
- Sets up Light Engines Unit V at Aurangabad.
2012
- Crosses three million light diesel engines.
- Appoints Dr. Clive Hickman as Additional Director.
2013
- Launches Ustad mini-tractor.
- Launches high-capacity concrete pumps with S Valve technology.
- Supplies diesel engines to TVS King DS.
- Launches auxiliary power solutions compliant with emission norms.
- Launches 37m 3-axle truck-mounted boom pump GCP3709Z.
2014
- Recommends final dividend of Rs. 0.60 per share.
- Appoints Monica Chopra as Whole Time Director.
- Shifts registered office to Motilal Oswal Tower, Mumbai.
2015
- Launches new farm equipment range under Sampurna Swadheshi Programme.
2016
- Ventures into multi-brand spares business.
2017
- Forms strategic partnership with Altigreen Propulsion Labs for clean energy powertrains.
- Atul Auto signs for new last mile transport solutions.
- Reaches over 5 million customers with Made in India engines.
- Plans entry into petrol-CNG market with Pinnacle Engines technology.
- Launches construction equipment with Mikasa and Roxar.
2018
- Plans to acquire majority stake in Ampere electric vehicles.
- Launches DEEP reskilling program for youth.
- Reinvent last mile mobility with new technologies.
- Signs with Piaggio Vehicles for new powertrain applications.
- Raids fake parts maker and seller in Delhi.
2019
- Increases stake in Ampere Vehicles.
- Strengthens cleantech mobility position with CNG engines and retail network.
- Greaves Care crosses 100,000 customer services in last mile mobility.
- Mahindra partners for BS-VI powertrain solutions.
2020
- Launches OHV Petrol Pumpset with one-year warranty.
- Launches Smart Gensets Greaves Genius with 5-year warranty.
- Opens first EV dealership in Nepal.
- Supports communities in fight against COVID-19.
2021
- Greaves Electric Mobility sells over 7500 units in October.
- Introduces RelioPro range of light construction equipment.
- Undertakes pan-India free COVID vaccination drive for employees.
- Announces aim to mobilize a billion Indians with electric mobility solutions.
2022
- Greaves Electric Mobility partners with Mesha Energy Solutions for battery technology.
- Greaves Electric Mobility achieves record Ampere two-wheeler sales during festive period.
2023
- Greaves Retail inaugurates first master distributor outlet for AutoEVMart in Chennai.
- Launches Greaves Eltra for electric cargo transformation.
- Collaborates with Readily Mobility for fleet after-sales services.
2024
- Entered technology transfer agreement with Tsuyo for low-speed 3-wheeler components.
