pocketful logo
Mangal Credit & Fincorp Ltd logo

Mangal Credit & Fincorp Ltd

NSE: MANCREDIT BSE: 505850

₹171.50

(0.93%)

Wed, 18 Mar 2026, 04:26 am

mtf coin illustrationMTF 5x

Company History

1961

  • The Company was incorporated at Mumbai.
  • The Company's main object is to manufacture a wide range of lifting and hoisting equipment.

1962

  • The Company entered into a ten-year technical collaboration agreement with Fellows Brothers, Ltd., of England for the manufacture of electric hoists and chain pulley blocks.
  • Technical collaboration agreements were finalised with Naylor Brothers, Ltd. of U.K., and Martonair, Ltd., of U.K.

1963

  • 25,500 shares were reserved for directors and their relatives.
  • 24,500 shares were offered for public subscription.

1965

  • A technical collaboration agreement was concluded with Ursvikens Nekanisks Verkstads AB, Sweden, for the manufacture of press brakes.
  • A collaboration agreement was made with Nuquip, Ltd., of U.K., for the manufacture of airline equipment.
  • 336 No. of Equity shares were forfeited for non-payment of calls.

1966

  • 105 No. of Equity shares were reissued out of the forfeited shares.
  • 10 No. of Equity shares were reissued out of the forfeited shares.

1971

  • 5 No. of Equity shares were reissued out of the forfeited shares.

1973

  • The Government approved the collaboration agreement with Fellows Stringer, Ltd., England, for the manufacture of flameproof electric hoists.
  • A new plant was set up at Vatwa near Ahmedabad.

1979

  • A part of the plant and machinery at Ambernath was disposed of.
  • Operations at Vatwa plant were stepped up to meet the requirements of the order book.

1982

  • There was a marginal decline in sales turnover.

1983

  • The production was adversely affected due to labour unrest and strike.
  • Sales suffered a substantial decline due to continued demand recession.

1991

  • The working of the manufacturing division was affected adversely due to cost escalation and intensified competition.
  • 19,914 Rights Equity shares were offered and 996 Equity shares were issued to employees.

1992

  • The performance of the manufacturing division continued to decline due to demand recession and escalating input costs.

2005

  • The Company recommended a 20% dividend on equity shares.

2006

  • The Company recommended a 20% dividend on equity shares.
  • Dr D S Mahadevia was appointed as the Chairman of the Company.

2007

  • The Company recommended a 20% dividend on equity shares.

2008

  • The Company recommended a 20% dividend on equity shares.

2009

  • The Company recommended a 40% dividend on equity shares.

2010

  • The Company recommended a 20% dividend on equity shares.

2011

  • The Company recommended a 20% dividend on equity shares.
  • The Registered Office of the Company was shifted from Janmabhoomi Bhavan to 308, Maker Bhavan No.III.

2012

  • The Company recommended a dividend of Rs. 2.50 on each Equity share of Rs. 10.

2013

  • The Company changed its name from Tak Machinery & Leasing Ltd. to Mangal Credit And Fincorp Ltd.
  • The Company recommended a dividend of Rs. 2 per share.

Open Your Free Demat Account Now!

Step into a world of zero fees and limitless opportunities!

pocketful logo

2022-25 Pocketful. All rights reserved, Built with in India

Version -5.76

app image 1app image 2

Stocks:

AllABCDEFGHIJKLMNOPQRSTUVWXYZ

Explore

Calculatorsfooter arrow down icon
Popular Calculatorsfooter arrow down icon
Group Stocksfooter arrow down icon

Others:

NSEBSECDSLNSDLSEBIMCXMSEINCDEXNSE IFSCINDIA INXAccount Closure FormDP Investor CharterBroker Investor Charter

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