Wheels India Ltd
NSE: WHEELS BSE: 590073
₹2402.70
-6.60 (0.27%)
Fri, 23 Oct 2026, 08:02 am
Market Cap (in Cr)5882.49
PE Ratio35.91
Dividend0.60
Producer Manufacturing
Auto Parts: OEM
24.5KWheels India Ltd Company History
1960
- The company entered into a technical aid agreement with Dunlop Rim & Wheel Co Ltd, for the supply of technical know-how for a period of 20 years for the manufacture of wheels.
1961
- The company was incorporated on 28th March at Tamilnadu.
- The main objects of the company are to manufacture wheels and rims, components and accessories thereof, and to carry on the business of iron and steel foundries and foundries of non-ferrous metals.
1974
- 30,225 shares were issued without payment in cash and 42,321 shares were issued as a bonus.
- 54,567 shares were held by T.V. Sundaram Iyengar & Sons, Ltd, 24,807 shares by Southern Roadways, Ltd, 17,181 shares by Sundaram Finances, Ltd, and 7,87,660 shares by Dunlop Holdings, Ltd, U.K.
1975
- Shares of Rs.100 each were subdivided into shares of Rs.10 each.
- 4,40,000 shares were offered to the public at a premium of Rs.1.50 per share during June.
1978
- 250 shares were forfeited and re-allotted to certain existing shareholders.
1981
- The company received a letter of intent for the manufacture of an air suspension system for commercial vehicles.
- The company entered into a technical agreement with Dunlop Rim & Wheel Co Ltd, in U.K.
- 10,96,605 bonus shares were issued in the proportion 1:2.
1983
- The company received a letter of intent for setting up a second wheel manufacturing unit at Rampur, U.P, with a capacity of 6,00,000 wheels per annum.
1984
- The company issued 3,00,000-15% secured non-convertible debentures of Rs.100 each as rights to existing shareholders for working capital requirements.
1987
- The company issued 2,00,000-15% secured non-convertible debentures of Rs.100 each to financial institutions on a private placement basis.
- The objects of the public issue of capital in June were to reduce foreign shareholding in the company and to raise resources for the expansion project.
- The company was a joint venture of T.V. Sundaram Iyengar & Sons Ltd, Madurai, and Dunlop Ltd, U.K.
- Dunlop Holdings Ltd, U.K, held 17,72,235 shares in the company, representing about 35.91% of the paid-up capital.
1988
- 16,44,907 bonus equity shares were issued in the proportion 1:2.
1991
- 3,00,000-15% secured non-convertible debentures of Rs.100 each were redeemed in full at a premium of 5% on 7th August.
1997
1998
- Icra assigned A1+ and A1 ratings to the proposed commercial paper issue of two TVS group companies.
2000
- ICRA assigned an 'A+' rating to the enhanced commercial paper programme of Rs 40 crores of the company.
- Mr. Srivats Ram was appointed Director of the company effective October 1.
2002
- Mr. T K Seshadri, Advocate, was co-opted as Non-Executive, Independent, Additional Director.
- T S Santhanam, Chairman, resigned from the Board, and Mr. S Ram was elected unanimously as the Chairman of the BOD.
2003
- The company declared an interim dividend of 28%.
2004
- Credit rating agency ICRA reaffirmed the A1 plus rating.
- Mr. T S Vijayaraghavan and Mr. S Prasad were appointed as Non-Executive, Independent, Additional Directors.
2005
- Mr. Srivats Ram, Executive Director, was appointed as Joint Managing Director.
2006
- A new factory at Uttaranchal was set up for the manufacture of wheels for passenger cars, utility vehicles, and agricultural tractors.
2007
- The company's new plant for the manufacture of wheels for Earth Moving & Construction Equipment at Sriperumbudur, Chennai was inaugurated.
2008
- The company and Sundaram Finance Ltd will hold a stake of 49% each in the paid-up capital of Sundaram Hydraulics Ltd.
2009
- Wheels India Ltd is entering the power sector.
2010
- The company recommended a dividend of Rs. 4.50 per share.
- The company received the All India Organisation of Employers' (AIOE) Award for Outstanding Industrial Relations.
2011
- The company recommended a dividend of Rs. 6.50 per share.
2012
- The company recommended a final dividend of Rs.6/- (60%) per equity share.
2013
- Wheels India inked a deal with Turkey-based EGE Endustri.
- The Wheel and Tyre Assembly at Bidadi bagged the Best Eco Awareness OSS Award.
2014
- Wheels India Limited won the prestigious 'CV auto component of the year' Award.
- Wheels India announced rights in the ratio of 51:20.
2018
- The company issued bonus shares in the ratio of 1:1.
2019
- Wheels India is setting up a new plant to serve the overseas market.
2020
- The company started production at a newly commissioned cast aluminium wheel plant at Thervoykandigai.
2022
- The Hon'ble NCLT approved the Scheme of Amalgamation of Sundaram Hydraulics Ltd and Wheels India Ltd and their respective Shareholders.
2023
- Wheels India Limited informed the Exchange regarding the sanction of the Scheme of Amalgamation of Sundaram Hydraulics Limited with Wheels India Limited.
2024
- Wheels India was awarded for quality and reliability by VECV.
