Siemens Ltd

NSE: SIEMENS BSE: 500550

₹3656.50

-108.40 (2.88%)

Thu, 22 Oct 2026, 09:09 pm

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Market Cap (in Cr)134255.65

PE Ratio39.76

Dividend0.48

Producer Manufacturing

Electrical Products

24.5K

Siemens Ltd Company History

1957

Incorporated on March 2 as Siemens Engineering and Manufacturing Company of India Private Limited.
Entered collaboration agreement with Siemens & Halske AG and Siemens-Schuckertwerke AG on March 23.
Took over assets and liabilities of Protos Engineering Company’s Siemens Department effective April 1.
Commenced manufacture of switchboards, switchgear, motors up to 315 kW, railway signaling, X-ray equipment, repairs, and sales.

1959

Acquired godown-cum-workshop in Calcutta for repairs.
Commenced manufacture of H.T. & L.T. switchboards at Calcutta workshop.

1961

Took over East Asiatic Siemens-Reiniger-Werke AG.
Allotted 500 shares without payment; issued 3,500 shares to promoters.

1962

Issued 1,000 equity shares without payment in cash.

1965

Issued 7,000 equity shares: 3,770 to Siemens AG, 3,230 to others.

1966

Siemens & Halske AG renamed Siemens AG and took over other entities; shares transferred to Siemens Asia Investments AG.

1967

Name changed to Siemens India Ltd. effective October 23.

1970

Siemens-Reiniger-Werke AG and Siemens-Schuckertwerke AG merged into Siemens AG.
Shares subdivided.

1971

Issued 1,200,000 shares at par: 600,000 to Siemens Asia Investment AG, 600,000 to public.

1974

Issued 24,00,000 bonus shares 1:1.

1976

Issued 24,00,000 bonus shares 1:2.

1981

Offered 500,000 13.5% second debentures redeemable 1992.
Issued 400,000 14% third debentures redeemable from 1991.
Issued 36,00,000 bonus shares 1:2.

1985

Incorporated Siemens Communication Systems Pvt. Ltd. for telecom exports.
Siemens Telecom Ltd. established as subsidiary.

1986

Issued 27,00,000 bonus equity shares in 1:4 proportion.

1987

Name changed to Siemens Ltd. effective March 31.
Medical division installed Lithostar units, biplane angiograph, Gamma camera.
Introduced automatic warning systems for Indian Railways.
Developed low tension switchgear for electronic circuits.
Established software centre in Mumbai.
Allotted 27,00,000 bonus equity shares 1:4.
Allotted 72,68,000 equity shares including rights, employees, Siemens AG.

1988

Introduced examination tables with 800 mA HF generators and image intensifier TV.
Installed two magnetic resonance units.
Introduced microprocessor-based DC and AC drives.
Secured order for imaging equipment in Manipal hospitals.
Issued 400,000 14% fourth debentures redeemable 1996.

1990

Undertook project for switchgear and MCB plant at Waluj, Aurangabad.
Proposed factory at Saltlec, Calcutta for switching systems and transmission equipment.

1991

Switchgear division introduced contractors and bi-relays.
Launched microprocessor drives, modular drives, UPS System 42, micro PLC Simatic 90U.
Launched mobile C-arm image intensifier.
Introduced SOMATOMARC scanner, MAGNETOM p8 MRI, high frequency mobile X-ray.
WTL to manufacture Rural Automatic Exchange with C-Dot technology.
Siemens Communication Systems Pvt. Ltd. renamed Siemens Information Systems Ltd.
Supplied 250 kW windmill generators.

1993

Software centre became part of Siemens AG global R&D.
Nashik works selected as global base for SIPART DR20.
Introduced advanced process control system at Nashik.
Issued 69,22,666 rights equity shares at premium Rs. 125.
Issued 3,46,104 equity shares to employees at premium Rs. 125.
Issued 3,60,230 equity shares to Siemens AG to maintain 51% holding.

1994

Launched Simatic S5-1154 PLC, LS/Coros B WIN.
Introduced same filters, film capacitors, ferrites.
Launched Smallex UPS, mid-range UPS, Micromaster drive.
Introduced SIMOX-D mobile X-ray, heart catheterisation equipment.
Added flow solder machine and SAP R/3 at Nashik.
Formed JV International Ferrites Ltd for soft ferrites.
Entered MoU for smart card business.

1995

Automation division launched SITRANS transmitters, SIMATIC PCS DCS, OXYMAT gas analysis.
Launched latest AC and DC drives.
Private communication division launched HICOM 100 KTS ISDN system.
R&D developed Optimobile D C-arm, SIPART-DR 20, SIMOVERT drives, contractors, relays, point machine, IPH-6 motor.
Developed 24 kV vacuum circuit breaker, ILA 8 motors, loco-energy meter, MICRO 90 PLC, contactors, high frequency X-ray generators.

1996

Suffered losses from telecom discontinuation, VRS costs.
Received permission for Rs. 180 crore preference shares private placement.
Increased authorised capital; issued 50,000,000 preference shares.

1997

Issued 57,000,000 10.5% preference shares.
Proposed transfer of Tool Room to 100% subsidiary.
Proposed transfer of Nashik facilities to subsidiaries.

1998

Siemens AG held 14,482,470 equity shares.
Siemens Communication Software took over software development from Siemens Information Systems.
Formed 70:30 JV Siemens Public Communications.
Siemens Telecom Ltd launched Euroset and Emerald phones.
IBM Global Services entered IT support contract.
Set up new HV Circuit Breaker unit at Aurangabad.
Motion Control Group collaborated with HMT for CNCs.

1999

EHC formed JV with Siemens Solar Industries for 1 MW photovoltaic facility at Nashik.
Set up Unisphere Solutions for networking solutions.

2000

Launched total hotel solutions.
Launched Hicom 150 E Office and ESL8i.
Launched fifth voluntary retirement scheme.
Launched Multimobile 4C C-Arm system.
Signed MoU with Brokat for mobile transactions.
Formed strategic alliance with ITI Ltd.
Launched three WAP-enabled phones.
Launched Siemens C-28 cellphone.
Took full control of VXL Landis & GYR.
Entered agreement with OMS for automation systems.
Launched WAP devices C35i, M35i, S35i.
Divested 51% holding in Siemens Telecom Ltd to Bharti Telecom.
Dr. G. Wilhelm resigned; D.K. Wucherer appointed Director.

2001

Launched A35 mobile phone.
Siemens Information Systems signed partnership with Avraham Goldratt Institute.
Received shareholder approval for share buyback.
Launched ME45 and S45 cellphones.

2002

S.K. Thackersey ceased to be Director.

2003

Appointed P.M. Champi as Director.
Siemens Mobile Acceleration tied up with Contests2win.
Appointed Prashanth Doshi as Officiating Compliance Officer.
Introduced low-price mobile at Rs. 5,000.
Energy group bagged order for two gas turbines for Konaseema Power.
Appointed Deepak S. Parekh as Additional Director.
Yashoda acquired cath lab from company.
Bagged Rs. 4,830 million order from Ministry of Railways.

2004

Launched total imaging matrix technology.
Tied up with State Bank of India for medical equipment financing.
Shares delisted from Delhi Stock Exchange.
Formed pact with Bosch for refrigerators.
Announced strategic alliance with Aethra Telecomunicazioni for video conferencing.
Set up Liaison Office in Colombo.
Unveiled water and dust-resistant mobiles M65, C65, S65.

2005

Secured contracts over Rs. 2,500 million.
Announced entry into oil & gas engineering.
Won follow-up contract for Bugok II 550 MW power plant.
Enhanced ties with Enterasys.

2006

Acquired isolator business of Elpro International.
Acquired 50% stake in Flender Ltd.
Formed alliance with Huawei-3Com for enterprise networks.
Harminder Singh, Director, passed away.
Split share face value from Rs. 10 to Rs. 2.

2007

Appointed Vijay Paranjape and Vilas B. Parulekar as Additional Directors.
Announced acquisition of 77% stake in iMetrex Technologies.
Appointed Dr. Armin Bruck as Managing Director effective January 2008.
Delivered three double-strand slab casting lines to Hyundai Steelworks.

2008

Announced acquisition of Morgan Construction Company.
Issued 1:1 bonus shares.
Announced launch of PETNET services in India.
Established new subsidiary for rail transportation sector.

2009

Produced first 145 kV GIS at Aurangabad factory.
Started gas-insulated switchgear unit in Aurangabad.
Merged Siemens Healthcare Diagnostics Ltd with the company.

2010

Received Rs. 127 crore order from Jaypee Sports for Formula 1 track.
Received Rs. 55 crore order from Prakash Industries for turbo generator.
Announced expansion plans in Goa.
Set up Rs. 200 crore bogie plant in Aurangabad.
Launched energy-saving washing machine.
Bagged Rapid Metro Rail Gurgaon contract.

2011

Consortium awarded Chennai Metro contract for electrification, signalling, platform doors, telecom.
Consortium awarded Bangladesh Power Grid HVDC project contract.
Received Rs. 294.50 crore order from Siemens AG for Bangladesh transmission project.
Bagged Rs. 124 crore order from Indiabulls Infrastructure.
Won Rs. 319 crore order from PGCIL.
Reached milestone of 100th Gas Insulated Switchgear.

2012

Won contract to modernize electricity distribution for Maharashtra State Electricity Distribution Company.
Inked contract with PGCIL for 765 kV test lab in Bina, MP.
Started operations in two greenfield factories in Goa.
Re-appointed Dr. Armin Bruck as Managing Director.

2013

Launched SIMATIC S7-1500 with TIA Portal.
Installed Asia’s first SOMATOM Definition Edge CT scanner at PSG Hospitals.
Won contract for first private sector-funded GIS substation in Bangladesh.
Won order to modernize Korba Stage-II NTPC plant.
Won repeat order for Gurgaon Metro South Extension.
Corporate Citizenship Film runner-up at Global Sustainability Awards.
Rapid Metro Rail Gurgaon began operations.
Inaugurated Test Center for Motors.
Installed SOMATOM Perspective 128-slice CT scanner at SRL Diagnostics.
Introduced Biograph mCT Flow and Symbia Intevo.

2014

Launched AS 410 SMART controller for mid-sized DCS market.
Launched scholarship for engineering students.
Launched optimized servo drive system for motion control.
Installed world’s longest lab automation track at Thyrocare.
Installed India’s first ultrasound system with wireless transducers at K.G. Hospital.
Bagged orders from Reliance Industries for steam turbines.
Delivered 1200 kV CVT to National Test Station.
Won international recognition for motors manufactured in India.
Won Rs. 317 crore order from Bihar Grid Company Ltd.
Surpassed 100,000 milestone for energy-efficient industrial motors.

2015

Bagged Rs. 450 crore orders from Diesel Locomotive Works.
Won Rs. 55 crore order for HV Circuit Breakers from Algeria.
Won Rs. 123 crore order from Power Grid Company of Bangladesh.
Received Rs. 67 crore order for HV GIS from Larsen & Toubro.
Powered cities in Punjab, Uttarakhand, Haryana with Smart Grid solutions.
Won Rs. 81 crore order from Diesel Locomotive Works.
Received Rs. 79 crore order from Suzlon Energy.
IL&FS & GIFTCL signed MoU for Smart Mobility Solutions.
Opened global skill centre for occupational safety in Mumbai with TUV Rheinland.

2016

Won Rs. 155 crore order from PSI International.
Won Rs. 112 crore order for Air Insulated Substations.
Secured Rs. 113 crore contract in Bangladesh.
Bagged Rs. 78 crore order from PGCIL.
Bagged Rs. 83 crore order from Railways.
Bagged Rs. 570 crore order from PGCIL.
Launched Smart Buildings Experience & Training Centre.

2017

Won Rs. 101 crore order from Delhi Transco Ltd.
Won Rs. 187.4 crore order from Bangladesh Rural Electrification Board.
Won Rs. 119 crore order from Sterlite Power Grid Ventures Ltd.
Won Rs. 319 crore order from Diesel Locomotive Works.
Launched most energy efficient low voltage motors.

2018

Siemens Gamesa bagged multiple orders from IPP.
Siemens Gamesa bagged 160 MW solar EPC orders.
Bagged contract from Nepal Electricity Authority to upgrade energy management system.

2019

Launched MindSphere Application Center in Gurugram.
Launched Digital Experience and Application Center for Machine Tools.

2020

Installed power supply system with safety features in Kolkata East-West Metro.
Siemens Gamesa RE bagged turbine order from Orsted.

2021

Signed MoU with Switch Mobility Automotive for e-mobility projects.
Signed pacts with IISc and CMTI for digital transformation labs.
Tata-Siemens JV to develop Pune Metro corridor under PPP.

2022

Set up factory in Aurangabad to produce rail bogies.

2023

Awarded Rs. 26,000 crore locomotive project.

2024

Bagged order for electrification of Bengaluru Metro phase 2.
Siemens Stiftung launched open digital resource to scale up STEM education.
Consortium partnered with Bengaluru Metro Rail Corporation for rail electrification technologies.