Mangal Credit & Fincorp Ltd
NSE: MANCREDIT BSE: 505850
₹169.57
(0.35%)
Mon, 25 May 2026, 00:07 am
Market Cap3.56B
PE Ratio28.09
Dividend0.44
Finance
Finance/Rental/Leasing
24.5KCompany 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.
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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