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MIRC Electronics Ltd

NSE: MIRCELECTR BSE: 500279

₹30.59

(-4.59%)

Sat, 14 Feb 2026, 00:36 am

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Company History

1981

  • The company was incorporated as Mirc Electronics Private Limited on 01 January.

1988

  • The word Private was deleted from the company's name pursuant to Section 43-A(1A) of the Act.

1993

  • The company launched two new models of TVs with better aesthetics and quality.
  • The company launched a new colour television with state-of-the-art features.
  • The company introduced 'Brother' fax machines in the Indian market.
  • The company offered for public subscription 12,67,500-15% Secured Fully Convertible Debentures.

1994

  • The company introduced 'ONIDA ARCADES', exclusive 'ONIDA' showrooms.
  • The company launched 6 new models in the middle segment, including Stereo Radio Recorders and MIDI systems.
  • The company converted 16,90,000 Part 'B' Fully Convertible Debentures into equity shares.
  • The company converted 1,70,000 Part 'A' Convertible Portion of NCD's into equity shares, resulting in an increase in equity capital from Rs. 5.17 crores to Rs.7.03 crores.

1995

  • The company introduced state-of-the-art Wide Vision TVs and top-of-the-line Component Audio systems.
  • The company introduced three contemporary models of component systems.
  • The company introduced two new products in the personal audio systems category and three models in the low-end market.
  • The company was awarded ISO 9001 certification.

1998

  • The company launched a new range of products called Techno Value.

1999

  • The company launched several products in technical collaboration with JVC, including a 42-inch plasma TV, a 29-inch flat TV, and a 29-inch swivel base TV.
  • The company launched 14-inch TVs with colour bodies called Candy.
  • The company launched two brands, Web Cruiser and Candy.
  • The company introduced 'Igo' the economy model.
  • The company launched 13 new products.

2000

  • The company introduced Onida KY Thunder, incorporating bassblaster technology.
  • The company was awarded the second prize for excellence in consumer electronics by the Ministry of Information Technology.
  • MIRC Electronics launched a designer 21-inch colour television, Profile, in collaboration with Italian Professional designer Gulliano Bellini and SRS labs Inc.
  • MIRC Electronics won the A&M award in the gold category for its television commercial, Kargil.
  • The company tied up with the US-based TeleCruz Technology to manufacture Internet TVs and set-top boxes.
  • The company approved the proposal of issue up to 20,00,000 No. Equity shares to UTI and up to 10,00,000 No. of equity shares to LIC of India on a preferential basis.

2002

  • The company declared an interim dividend @ 225% on the paid-up share capital.
  • The Board approved the Scheme of Arrangement of Onida Infotech Services Ltd with the company.
  • MIRC released a new TV brand 'Igo' targeting the rural market.
  • MIRC won a case filed by Sony.
  • The promoters of MIRC increased their stake in the company by 7% to 64% through the creeping acquisition route.
  • MIRC Electronics forayed into the audio, air-conditioner, and home appliances market.

2003

  • Fitch Ratings India Private Limited assigned a 'F1 + (ind)' rating to the company's commercial paper programme.
  • The company's equity shares were subdivided into Equity Shares having a nominal and paid-up face value of Re 1/- per share.
  • Mr. Vinod Verma was appointed as the Company Secretary and Compliance Officer.
  • Mr. Sanjay Jain resigned as the Company Secretary.

2004

  • MIRC Electronics members approved an increase in FII limits to 49%.
  • Mr. Vinod Verma was appointed as the Compliance Officer.
  • The company's securities were delisted from the Bangalore Stock Exchange.
  • The company's equity shares were delisted from the Delhi Stock Exchange.
  • The company's shares were delisted from the Madras Stock Exchange.

2005

  • MIRC Electronics tied up with Wal-Mart for putting made-in-India TV.
  • MIRC Electronics claimed that it had become the second largest CTV maker in the country.

2006

  • Mr. Girjesh Shrivastava was appointed as Assistant Company Secretary and Compliance Officer of the company.

2007

  • MIRC Electronics declared an interim dividend @ 75%.

2008

  • MIRC Electronics recommended 100% dividend.

2009

  • MIRC Electronics recommended a dividend of Rs 0.40/- per equity share of face value of Re 1/- each.

2010

  • MIRC Electronics Ltd recommended a dividend of Re. 0.95 paise per equity share of face value of Re. 1/- each.

2011

  • Mr. Shatrughan Singh joined the company as Deputy Company Secretary.
  • MIRC Electronics recommended a dividend of Re. 1.00 per equity share of Re. 1 each.

2013

  • Mr. Shyamsunder Dhoot was appointed as an Additional and Whole Time Director of the company.
  • Dr. YV Verma was appointed as the Chief Executive Officer of the company.
  • The company won an award from MICE Travel Mart Corporate Star Awards 2013 for Best Incentive program for Distributors/Dealers.
  • Onida ranked 27th position in The Brand Trust Report, India Study 2013.

2014

  • MIRC Electronics focused on gaining market leadership in the consumer durables segment.
  • The company was appointed as the authorized national distributor for Vivitek range of Data Projectors.

2015

  • The company launched the I-genius Smart Air Conditioners, based on the Internet of Things technology.

2016

  • The company launched Regalio Inverter AC, a smart Wi-Fi AC with inverter technology.

2017

  • Amalgamation of Akasaka Electronics Limited with MIRC Electronics Limited.

2018

  • The company launched the KY Super thunder reloaded, maximum impact maximum sound powered by Android 7.0.
  • The company launched The UIC SERIES, a Google certified artificial intelligence 4K UHD TV powered by Android 8.0.

2020

  • MIRC Electronics Limited launched refrigerators.

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