History of Amara Raja Batteries Ltd.
YEAR EVENTS 1985 - Amara Raja Batteries Limited was incorporated as a private limited Comp. on 13th February & converted into a public limited Comp. on 6th September 1990. A fresh Certificate of incorporation was obtained on 8th November 1990 from the Registrar of Companies Andhra Pradesh. It was promoted by Ramachandra N. Galla, Smt. Amarakumari N. Galla and Associates. The Comp. manufacture sealed maintenance free lead acid batteries.
- The Comp. undertook to set up a plant for manufacture of sealed maintenance free lead acid batteries for industrial application with an installed capacity of 1 lakh nos. p.a.
- The Comp. entered into a technical agreement with GNB Inc. USA for providing the technical know-how & other related services.
1992 - 12,51,650 No. of equity shares allotted. 54,48,350 No. of equity shares of Rs 10 each the issue at par of which 19,98,350 No. of equity shares & 1,50,000 shares were reserved & allotted on a firm basis to promoters, directors etc. & APIDC respectively.
- Of the remaining, the following were reserved for allotment on a preferential basis:
- [is] 3,00,000 shares to SBIMF;
- [iis] 3,00,000 shares to LICMF;
- [iiis] 60,000 shares to Canback MF &
- [ivs] 3,35,000 shares to employees [only 3,24,500 shares taken ups].
- Balance 23,05,000 shares alongwith 10,500 shares not taken by employees issued to the public. Additional 4,65,027 shares were allotted to retain oversubscription. 27,000 shares forfeited.
1993 - Approval was received for 5000 Air batteries & sets had been supplied at various installations.
1994 - The Company ability to supply high efficiency battery for rural telecommunication encouraged DOT to switch over from 120 AH low maintenance battery to 80 AH VR LA battery for effective utilisation of Multi Access Rural Radio system in remote places.
- The Comp. received a prestigious turnkey order from ONGC for power supplies on unmanned offshore platform.
1995 - The Company R&D establishment was recognised by Department of Science and Technology, Government of India.
1996 - The Comp. undertook technology upgradation through in house R&D, new ranges, quality, customer satisfaction, need based capacity enhancement and integration of operation etc.
- The company emphasis on overall operational quality resulted in the Comp. receiving ISO 9001 Certification from RWTUV, Germany.
- Forfeiture on 2,000 shares annulled. During January 1998, 23,75,000 shares and 3,03,400 shares allotted at a prem. of Rs 79 per shares to Johnson Control Maritius Pvt. limited & Galla family Co. core promoters of Company.
1997 - The Company emphasis on overall operational quality has resulted in the Comp. receiving 'ISO 9001' certification from RWTUV, Germany & products obtaining UL recognition for safety of operations from Underwriters Laboratory, USA.
- Johnson Controls Inc [JCIs], the US-based battery major, is going to acquire a stake of 23.38 per cent in Amar Raja Batteries Ltd.
- The Comp. proposes to decide the issue price in line with the relevant guidelines shortly.
1998 - Amara Raja Batteries [ARBs] Ltd, a leading industrial battery manufacturer in the country, is making forays into the automobile battery segment, & expanding its existing production facilities to enter the export market.
- The Comp. is setting up an additional production facility with an installed capacity lighting, & ignition' [SLIs].
- Amara Raja to set up its own project for manufacture of plastic coves by importing three injunction moulding machines.
1999 - Amara Raja Batteries is setting up a greenfield facility to manufacture automotive batteries.
- The Comp. introduced state-of-the-art VRLA [value regulated lead acids] technology in industrial batteries & soon emerged as market leader in this segment.
- The Comp. has launched switch-mode rectifiers with a technology tie-up from Rectified Technology, Australia.
2000 - Amara Raja Batteries, launched a new automobile battery with higher life & low maintenance.
- The Comp. will set up a new SLI battery unit with a capacity for manufacturing one million units of batteries per annum.
- The Comp. has launch of Amron a zero-maintenance, hi-life automotive batteries in Hyderabad & Chennai.
- The Comp. has launched 'Amaron Pit Stops', a distribution network through franchises.
- Amara Raja Batteries has fixed a premium of Rs 90 for equity shares of Rs 10 each to be issued to the domestic & foreign promoters on preferential basis.
- Amara Raja Batteries Ltd on September 24, 2001 announced the inauguration of its new automotive plant at Karakambadi in Tirupati.
- Amara Raja Batteries has reported a net profit of Rs 9.3 crore for first half of current Financial year.
2001
Name of Acquirer Shareholding before acquisition Shareholding after acquisition
1. Johnson Controls Maurititius P.Ltd 23.12% 26%
2. Mr.Ramachandra N.Galla 6.4% 7.49%
3. Mr. Jayadev Galla 6.62% 7.5%
4. Dr. Ramadevi 3.87% 4.72%
-Allotted shares on preferential basis
-Amara Raja Batteries which is in partnership with battery major Johnson Controls is now planning to develop batteries for motorcycles as well.
-Amara Raja Batteries [ARBLs] has roped in Telco as one of its customers for supplying the automotive batteries, Amaron, to its LCV segment during the period ended June 2001.
-SEBI has launched criminal prosecution against Mr Harinarayan Bajaj & his son Rahul for creating artificial market in the shares of Amara Raja Batteries limited
-The new automotive plant of Amara Raja Batteries Ltd [ARBLs], an Amara Raja-Johnson Controls joint venture for manufacture of storage batteries & standby valve regulated lead acid [VRLAs] batteries, has commenced commercial operations on September 24
- Andhra Pradesh Chief Minister, Mr Chandrababu Naidu on September 24, inaugurated the Rs 45 crore, 50,000 unit per annum, greenfield plant of Amara Raja Batteries at Thirupathi
-Launched 'Brute' Batteries, a maintenance free valve regulated acid traction battery in India to meet the power requirements of forklifts, pallet trucks, stackers & platform trucks.
2002
-Forged alliances with a number of global telecom players for supply of high-end batteries for telecom equipment.
-Mr K Satish Reddy & Mr Douglas C Brown have resigned from the Board. And Mr Raymond J Brown has been appointed as Director of Comp. with effect from October 25, 2002.
2003
-Bagged an order from a leading automotive player in Japan for delivery of automotive batteries for passenger cars in Japan.
-Mr Ramachandra N Galla appointed as the Executive Chairman & Mr Jayadev Galla appointed as the Managing Director of Comp. w.e.f August 1, 2003.
2004
-ARBL unveils 3rd 'Amaron PitStop' in Kerala
-Launches zero maintenance battery
-ARBL ties up with MUL for battery supply
2005
-Amara Raja ropes in Karthikeyan as brand ambassador
-Amara Raja sets up Amaron PitStop in Kottayam
-Amara Raja unveils limited edition series of car batteries
2007
-Amara Raja Batteries Ltd has appointed Dr. G Ramadevi as Director in the casual vacancy caused by resignation of Mrs. Amara Kumari Galla.
-Amara Raja Batteries Ltd has appointed Mr. Shu Q Yang as a director in the casual vacancy caused by resignation of Mr. Steven Gibbs.
- The Comp. has splits its face value from Rs10/- to Rs2/-.
2008
-The Comp. has issued Bonus Shares in the Ratio of 1:2.
