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Siemens Ltd

NSE: SIEMENS BSE: 500550

₹3142.10

(-1.44%)

Sun, 22 Feb 2026, 00:01 am

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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.

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