Kennametal India Ltd
NSE: KENNAMET BSE: 505890
₹3108.40
(-0.64%)
Thu, 21 May 2026, 08:32 am
Market Cap68.95B
PE Ratio49.33
Dividend1.28
Producer Manufacturing
Metal Fabrication
24.5KCompany History
1925
- The company was set up
1964
- The company was incorporated on 21st September, at Bangalore
- The company was promoted by Meturit AG, Switzerland, associates of Fried Krupp Widia-Fabrik unit of Krupp group of industries, West Germany, and Sak Industries Private Ltd
1966
- The company entered into a technical collaboration agreement with Meturit AG
- 24,000 `A' Equity shares were issued to Meturit A.G. Switzerland
- 7,100 `B' Equity shares were issued to Sak Industries (P) Ltd
- 1,060 `B' Equity shares were issued to Sundaran Industries (P) Ltd against supply of land
1967
- 7,840 `C' Equity shares were offered to public in May
1974
- 1,063 `B' Equity shares and 1,021 `C' Equity shares were issued at a premium of Rs 140 per share
1975
- 1,889 `B' Equity and 1,815 `C' Equity shares were issued as rights in prop. 1:5
- 24,000 `A' 11,112, `B' and 10,676 `C' equity shares were issued as bonus shares
1976
- Bonus shares were issued in prop. 1:1 in April
1978
- Bonus equity shares were issued in prop. 1:2 each series
1982
- 1,945 `A' shares were converted into 1,945 `B' shares by transfer to `B' equity shareholders
- Bonus equity shares were issued in prop. 1:3
1985
- Bonus Equity shares were issued in December, in prop. 1:1 in each class of equity shares
1988
- Widaroc (India) Ltd became a subsidiary of the Company
1989
- Bonus Equity shares were issued in prop. 1:2 to all classes of shares
1990
- The company introduced 6-Axes tool and cutter grinding machine in the market
- The company was implementing modernisation programme at Bangalore and Patancheru plants
1991
- The company took up few developmental items such as ceramic and cermet inserts and ceramic parts for electrical and electronic applications
1992
- The company developed new products like indexable inserts with new geometries and new generation of milling cutters
- The company privately placed 18% non-convertible debentures for Rs 300 lakhs with financial institutions
1995
- The company introduced new machines such as coated milling grade for cast iron milling
- The company proposed to design its product profile to cater to the emerging market requirements
1996
- The company introduced new products such as new gradient sintered coated grades and inserts with improved geometrics
- The Special purpose machine division developed several sophisticated and precision machines
- Bonus equity shares were issued in prop. 1:1 to all classes of shares
1997
- The company set up a representative office in Indonesia
- The company undertook several calculated measures to ensure that profitability does not get eroded
- The company's CP programme was enhanced from Rs.5 crore to Rs.10 crore and assigned a P1+ rating by Crisil
1998
- Widia India was one of the prominent players in the manufacture of cutting tools equipment and special purpose machinery
1999
- Widia started commercial production in India with a workforce of less than 50
- The company finalised an agreement with the employees' association of its Bangalore plant
- The company's supply of rock roller bits to the oil exploration sector would be affected due to the Union Budget
2000
- The company announced a 1:1 bonus issue of its shares
- The company proposed a 10-for-1 stock split
- The company subdivided its equity shares of the face value of Rs 100 each to Rs 10 per share
- The company set up a Web site to make the reach to the customers easier
2002
- The Widia group was taken over by the US-based Kennametal Inc
- Mr. Juergen Schubert and Mr. Andreas Nobis resigned from the Board of Directors of the company
- Mr. Gerd Wagner ceased to be the member of the Board and Managing Director and CEO of the company
2003
- Kumar Kanetkar was appointed as the Managing Director of the Company
- Kennametal Widia Board approved the sale of mining and construction tools business
- The company implemented a VRS package costing Rs 134 million
- The company announced the launch of Kennametal University in India
- The company signed an agreement with Sandvik Smith AB for the sale of the Company's mining and construction tools business unit
2006
- The company changed its name from Kennametal Widia India Limited to Kennametal India Ltd
2007
- Mr. Douglas Charles Phillips was inducted as Director on the Board of the Company
- Mr. Dinakar A was appointed as Managing Director of the Company
2009
- Dr. Esat Kamal Yegenoglu was appointed as Director on the Board of the Company
2010
- Mr. Bidadi Anjani Kumar was appointed as Additional Director of the Company
- Mr. Vinayak Kashinath Deshpande was appointed as Additional Director
2011
- Mr. Kundan Kumar Lal was appointed as the Company Secretary & Compliance Officer of the company
2012
- Mr. Bhagya Chandra Rao was appointed as the Managing Director of the Company
- Kennametal declared and approved the payment of interim dividend of Rs. 25/- per equity share of Rs. 10/- each
2013
- Kennametal leaders recognized with Women in Manufacturing STEP Awards
- Kennametal celebrated 75 years of advancing innovation
2014
- Kennametal introduced NOVOsphere
- Kennametal received BMW Supplier Innovation Award
- Kennametal and Haimer formed a joint partnership for Duo-Lock Modular Interface
2015
- Kennametal recognized with Bosch Global Supplier Award
- Kennametal earned Boeing Supplier Excellence Award for quality and on-time delivery performance
2020
- Kennametal partnered with Titans Of CNC to launch Aerospace Academy
- Kennametal was named a gold winner of the 2020 Edison Awards
- Kennametal board approved the merger of WIDIA India Tooling Private Limited with its holding company Kennametal India Limited
2023
- Kennametal introduced new cutting accessory - The Chip FA
- Kennametal added Blast Ninja to its leading portfolio of Abrasive Blast Nozzles
- Kennametal introduced Gold Standard Turning Insert Grade with advanced coating technology
2024
- Kennametal launched a new product under WIDMA Brand.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800