Subros Ltd
NSE: SUBROS BSE: 517168
₹670.25
-9.50 (1.40%)
Sat, 24 Oct 2026, 07:53 pm
Market Cap (in Cr)4446.14
PE Ratio26.29
Dividend0.44
Producer Manufacturing
Industrial Machinery
24.5KSubros Ltd Company History
1985
- The Company was incorporated as a private limited company on 14th February and converted to a public limited company on 11th October.
- The Company was promoted by Ramesh Suri and Jayant Nanda along with their associates.
- The Company entered into a technical collaboration agreement with Nippondenso Co. Ltd., Japan.
- The Company undertook to set up a project for the manufacture of 50,000 units per annum of automotive air-conditioning systems.
- The Company started supply of air-conditioning systems for Maruti Gypsy, Premier 118 NE, and Tatamobile.
- One prototype kit was supplied to each of the manufacturers, Premier Automobiles Ltd., and Tata Engineering and Locomotive Co. Ltd.
- 15,00,000 shares were allotted at par to promoters, directors, Nippondenso Co., Japan, and Suzuki Motor Co., Japan.
1988
- 12,75,000 shares were issued at par, with 1,87,500 shares reserved for allotment on a preferential basis to employees.
- The balance of 10,87,500 shares, along with the unsubscribed 1,82,800 shares of the employees' quota, were offered to the public in July 1988.
1991
- The Company developed and commenced supply of air-conditioning systems to Telco for their Tata Sierra and Tata Estate.
1995
- The Company increased the installed capacity of AC systems to 2,00,000 nos.
- 22,48,080 shares were issued at a premium of Rs 23 per share to shareholders on a right basis.
1996
- The Company started production of AC systems based on HFC 134a refrigerant.
2007
- The Company split its face value from Rs10/- to Rs2/-.
2008
- Mr. S Nakanishi was appointed as the Nominee Director.
2009
- Yasushi Nei was appointed as Director.
- Mr. Yoshitaka Kajita was appointed as Alternate Director.
2010
- The Company and Denso Corporation Japan agreed to form a Joint Venture Company in India.
2012
- Mr. Y Kajita was appointed as Alternate Director.
2013
- Subros launched Transport Refrigeration Systems.
- Subros received The Economics Times Gold Award for India Manufacturing Excellence.
- Subros recommended a dividend of Rs. 0.70 per share.
2014
- Subros introduced a new customer, Renault Nissan.
- Subros Chennai Plant became operational.
- Subros inaugurated the Subros Tool Engineering Center.
- Subros developed a new product, the 10SL09 compressor.
- Subros received the Cll-EXIM bank award for Business Excellence.
- Subros received the MSIL Gold Trophy for overall performance.
- Subros recommended a dividend of Rs. 0.70 per share.
2015
- Subros aiming for big orders from bus fleet operators and cold chain solution providers.
- Subros continued growth with strong customer connect.
- Subros celebrated 10 Million HVAC units.
- Subros received a major order from Indian Railways - Diesel Locomotive Works (DLW).
- Subros inaugurated a new manufacturing facility for Engine Cooling Module (Radiator) at Manesar.
- Subros upgraded its website www.subros.com.
2016
- Subros won the ACMA Manufacturing Excellence Award for the sixth time.
- Subros won the ACMA Manufacturing Excellence Award for its Manesar plant.
2017
- Subros Manesar Plant reopening ceremony was held on 29th March 2017.
- Subros won the India Automotive Supply Chain Excellence Award.
2018
- Subros team received the 'Best Debutant' Award from Ashok Leyland for Outstanding Support.
- TML team received the 'Small People Mover of the Year' Award for Tata Magic Express.
2019
- Subros Ltd inaugurated its 9th state-of-the-art plant at Karsanpura.
2023
- The Company received a new order from Indian Railways for Coach Air-Conditioners.
2024
- Subros received the CII Industrial Innovation Awards 2024.
