NELCO Ltd
NSE: NELCO BSE: 504112
₹650
(-1.55%)
Sun, 01 Mar 2026, 04:29 am
Market Cap15.26B
PE Ratio0
Dividend0.15
Electronic Technology
Electronic Production Equipment
24.5KCompany History
1949
- The Company was Incorporated as a public limited company on 28th May.
- The Company received technical collaboration from E.K. Cole Ltd., England under an agreement.
1950
- Authorised equity capital was reduced from Rs.100,00,000 to Rs.80,00,000.
- Paid up capital was reduced by Rs.6,00,000 by writing off Rs.20 per shares.
- 6,000 No. of equity shares were issued against payment in cash to M/s. E.K. Cole Ltd., England.
1967
- General Radio & Appliances Ltd., was amalgamated with the Company.
1968
- 11,666 No. of equity shares were issued to shareholders of General Radio & Appliances Ltd. upon its amalgamation with the Company.
1974
- 20,555 1/3 Right issued at par.
1977
- 28,582 rights equity shares were issued at par.
- 63,317 shares were allotted to Schlumberger Ltd. France at par.
1979
- The name of the Company was changed from The National Ekco Radio and Engineering Co. Ltd., to its present one.
1980
- The Company received licence to manufacture mini-computer/microprocessor based systems.
- The Company applied for an industrial licence for the manufacture of colour television receivers and video cassette recorders.
1983
- 43,530 rights equity shares were issued.
1985
- The Company issued 1,00,000 - 13.5% secured convertible bonds.
- 93,000 bonds were offered on 'Rights basis' to the resident Indian shareholders.
- 5,000 bonds were offered to the employees and directors and 2,000 bonds to business associates.
1986
- The Company introduced its first colour TV receiving set under the brand name 'Blue Diamond'.
- The Company executed a contract for supply of Automated Drive Control System for Bar and Rod Mill for TISCO, Jamshedpur.
- The Company proposed to manufacture Unix-based computer system based on 68020 Motorola Chip.
- The Company entered the telecommunications field with the manufacture of Electronic Exchanges.
- 1,00,000 No. of equity shares were issued on conversion of bonds.
1987
- Several new models of colour television sets were introduced.
- Major drives, control and automation systems were successfully commissioned at the TISCO and Durgapur Steel plants.
- 3,80,000 rights equity shares were issued at par.
- 19,000 No. of equity shares were offered at par to employees/workers of the Company.
1988
- In-house manufacture of colour television receivers were more than doubled.
- 1,21,410 rights equity shares were allotted.
1989
- The balance 1,32,659 shares out of 1987 rights quota were allotted.
1990
- Turnover at Rs.160 crores registered further growth.
- The Company's industrial systems division diversified into the area of energy management system for the power industry.
1991
- Industrial systems group and the information technology group registered substantial increase in business.
1992
- Shares were sub-divided on 19th August.
- 6,00,000 shares were allotted to financial institutions in conversion of loans on 28th August.
1993
- Overall sales were reduced due to the demand recession in some of the Company's business.
- 151,58,800 shares of Rs.10 each were offered on rights basis to the shareholders of the Company.
- 2,93,400 shares were offered to employees of the Company.
1994
- 152,39,000 shares were allotted to shareholders.
1996
- Signed a contract with Tata Housing to develop a commercial complex, Nelco Plaza, at Andheri.
- Entered into a tie-up with General Electric Company for the latest know-how for drive and automation system in the metal industry.
1999
- The company replaced its registered name with its brand name, Nelco.
2003
- Signed a memorandum of understanding to develop, market and sell a range of hi-tech electronics-based systems to the Indian defence forces.
- Dr. Ravi Gopinath has been appointed director on the Board with effect from August 19, 2003.
- Mr. K A Mahashur has been reappointed Whole-time Director of the Company designated as Executive Director for 5 years with effect from September 1, 2003.
- Mr. R R Bhinge has been appointed as an Additional Director of the Company with effect from August 29, 2003.
2004
- Tatanet Broadband Wireless Pvt Ltd has become a subsidiary of the company and its name has been changed to Tatanet Broadband Wireless Ltd.
2006
- Nelco Ltd has appointed Lt. Gen. Davinder Kumar as an Additional Director of the Company effective November 17, 2006.
2007
- Nelco Ltd has appointed Mr. Prasad R Menon as an Additional Director of the Company effective July 20, 2007.
- Nelco Ltd has appointed Mr. Shailendra Kumar Gupta as an Additional Director of the Company effective October 23, 2007.
2008
- Tatanet Customer Gulf Oil bags SAP ACE 2008 Award
2009
- Tatanet, Division of Nelco, Bags ONGC order worth Rs 42 crore for Satellite Connectivity.
- The Board has recommended dividend of Rs. 0.60 p per share on the Equity Shares of Rs. 10/- each.
2010
- Tatanet Partners with Compuware to Deliver World-class Application Performance Management to its Customers.
- The Company recommended dividend of Rs. 2/- per share on the equity shares of Rs. 10/- each.
2011
- The dividend of Rs. 2/- per equity share of Rs. 10/- each has been declared.
- Registered Office of the Company has been shifted to Nelco Limited MIDC, Plot no. EL 6, TTC Industrial Area, Electronics Zone, Mahape, Navi Mumbai - 400710
2012
- The Company has recommended a dividend of Rs. 0.5 per equity share of the face value of Rs. 10 each.
- The Company appointed Mr. P. J. Nath as Manager.
- The Company appointed Mr. S. K. Gupta as Independent Director of NELCO Ltd.
2013
- Mr. Ramesh Kapoor and Mr. K. Raghuraman have been appointed as Independent Directors of the company.
2014
- Ms. Heema Hattangady has been appointed as Independent Director of the company.
2020
- Nelco and Telesat partner to bring advanced LEO satellite network to India.
2021
- Amalgamation amongst Nelco Ltd., Tatanet Services Ltd. and Nelco Network Products Ltd.
Open Your Free Demat Account Now!
Facebook
Twitter
Instagram
LinkedIn
Youtube
Calculators
Popular Calculators
Group Stocks
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