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History of Cummins India Ltd.

1962

- The Comp. was incorporated on 17th February, at Pune. The Company manufacture internal combustion engines in particular diesel engines of all sizes & capacities, reciprocating piston engines, gas turbine engines, gasoline engines, etc. The promoters of Comp. were Kirloskar Oil Engines Ltd., Lakshmanrao Kirloskar Road, Khadki, Pune and Cummins Comp. Inc., Columbus, U.S.A.

- 38,250 shares allotted to Kirloskar Oil Engines, 75,000 shares to Cummins Engine Co. Inc., USA & 36,750 shares to the public during May 1962.

1966

- Cummins Diesel Sales & Services [Indias] Ltd., became a wholly owned subsidiary of Company.

1973

- 60,000 Bonus shares issued in prop. 2:5.

1974

- KCL Research & Development, established, is recognised by the Department of Science & Technology.

1977

- 7,00,000 - 11% pref. shares offered to the public in May 1976. 2,10,000 bonus equity shares allotted in prop. 1:1 in Oct. 1976.

1978

- The Comp. obtained a limited licence for manufacture of 500 [Neoplans] buses in collaboration with Gottlob Auwarter GmbH and Co., West Germany.

1980

- 2,40,000 bonus equity shares issued during Oct.- Nov. in prop. 4:7.

1983

- 6,60,000 Bonus equity shares of Rs 100 each issued in prop. 1:1 in Dec.

1986

- The Comp. proposed to set up a fatigue testing lab. It had developed & field tested dual fuel engines capable of running on natural gas & diesel.

- The Auto division designed & developed a low floor, wide bodied bus based on integral construction technology for use at airports. The bus has a capacity to carry 125 passengers.

- Equity shares & unclassified shares sub-divided on 12.12.1986. 132,00,000 bonus shares issued in prop. 1:1.

1987

- Pref. shares redeemed.

1988

- During the period, manufacturing facilities for luxury & airbus were established. Also, production of hitech import substitution components/assemblies commenced.

- The Comp. undertook a project for manufacture of mini-power station of 1, 2, 5 & 10 mega watta within a period of one year.

- A letter of intent was received for establishment of 1,005 export oriented unit for assembly of internal combustion engines.

- Another letter of intent was received for manufacture of two axle on-road & three axle off-road commercial vehicles in the range of 15 to 34 tonnes with an annual capacity of 6,000 vehicles.

- The Comp. entered into a collaboration agreement with RABA Hungarian Railway Carriage & Machine Works, Gyor, Hungary.

- The Company, jointly with Cummins Engine Co. Inc., USA, undertook to set up a project for manufacture of V-28 engines,

- The Research and Development division developed dual fuel engines, 6B5.9 marine power packs for fishing trawlers & 12 & 16 cylinder gas engines. Also, import substitution of various components of V 28 engines were carried out.

1990

- Authorised capital reclassified.

1991

- The Comp. received the ISO-9001 certification for quality management system approval with respect to design, development, production, installation & service of internal combustion engines.

1992

- Technology was being assimilated for flame proof engines. Also, substantial savings in foreign exchange was achieved through major indigenisation programme.

- Cummins Engine Co. Inc, USA are the collaborators for manufacture of engines. Holset Engineering Co. Ltd., U.K., are the collaborators for the manufacture of turbochargers.

- 13,200,000 bonus equity shares issued during 27th Oct. 1994 in proportion 1:2.

- Demand in domestic market improved due to the Government's liberalization & globalization policy.

1994

- 13,20,000 bonus equity shares issued during 27th Oct. 1994 in proportion 1:2.

1996

- A new engine model was introduced in the compressor market.

- By mutual agreement cummins engine Comp. Inc. USA [cumminss] and Kirloskar Oil Engines limited [KOELs] whose equity participation was 50 per cent & 25.5 percent respectively decided to go independent.

1997

- The Comp. along with Cummins Engine Comp. undertook to introduce two new versions of engine models with high horse power viz. `Quantum' engines with a view to increasing the horsepower range to 2,700.

- In the generating set segment, it was proposed to introduce 6 BT powered generator set to address the below 100 KVA power generation market.

- In recognition of export performance, Engineering Export Promotion Council [EEPCs] has awarded to the Comp. `Top Exporters' Shield-National in the category of `Consumer Durables Exporters' [Non-SSIs].

- Jt. Director General of Foreign Trade & Mahratta Chamber of Commerce and Industries, Pune have awarded a trophy to the Comp. for export excellence.

- Cummins & KOEL have signed an agreement with regard to their future equity holding in KCL. This will enable KOEL to disinvest, subject to statutory approval.

1998

- Effective September 10, the name of Comp. was changed from Kirloskar Cummins limited to `Cummins India Ltd.'

- The Cummins Engine Comp. Inc, USA, is the world largest independent manufacturer of diesel engines above 200 HP & is recognized for its expertise in emissions, fuel efficiency and electronics.

- Cummins India Ltd., a joint venture since 1962, is the only company in the country to offer a range of engines in diesel, gas & dual fuel models, it has produced more than 140,000 engines so far.

- Cummins India Ltd., a 51 per cent subsidiary of Cummins Engine Company of US is currently clocking heavy volumes at the Mumbai Stock Exchange.

- The Pune-based Cummins India Ltd., [CILs], the largest manufacturer of industrial diesel engines in the country, has entered the 1.5 MW segment with the unveiling of its Quantum series of engines.

- Cummins Wartsila, the France-based manufacturer of power engines, is exploring the possibility of setting up a manufacturing base in the country & launching gas-based engines.

- Cummins Wartsila is a 50:50 joint venture between the US-based Cummins Engine Comp. & Wartsila NSD Corporation of Finland. Based in France, the joint venture has marketing units in several countries.

- Cummins India has also set up a technology centre in Pune.

- Cummins India limited [CILs] is a 51 per cent subsidiary of Cummins Engine Co of US.

- The Comp. produced 7,710 engines & 39 generating sets. Also introduction of three engines namely NT/NTA 855 Big Cam, KTA 38 & QSK 60.

1999

- Cummins India [CILs] is one of best MNC-affiliated engineering companies in India. - Cummins India [CILs] was set up in 1962 [formerly Kirloskar Cummins Ltd.s] Jointly by Cummins Engine Co. Inc., US [CECs], & Kirloskar Oil Engines limited [KOELs].

- Cummins India, a joint venture with Cummins Engines Co. USA, is a major manufacturer of diesel engines with a wide range of engines in diesel, gas & dual fuel modes.

- The Comp. has also entered into a 50:50 joint venture with Nelson Industries Inc, US to manufacture silencers, mufflers & tubing for emission control. This project is being put up at Daman.

- Cummins India, a 51 per cent subsidiary of Cummins Diesel of US, is the market leader in diesel engines with a overall share of 62 per cent. It manufactures diesel engines in the 60-2700 HP range, and faces intense competition from Hindustan Powerplus, L & T, Ashok Leyland, Kirloskar Oil Engines, Greaves & a few multinationals.

- The Comp. has recently introduced 'Quantum' services of engines with horse power ranging 1200 to 2500 largely for industrial & power general applications.

- The Comp. introduced a concept called `Recon' service & a `float stock' for a quicker solution to the engine users. Under these schemes, the Comp. would rebuild the engine under manufacturing condition with new parts at 60 per cent of cost of new engine.

2000

- Cummins India, has launched e-commerce facility on their web-site www.cummins-india.com. - The Comp. has introduced the `S series' engines with a 4-cylinder 3.8 litre capacity simple lightweight & compact diesel genset in the 30 to 62.5 kva range.

- Cummins India Ltd has collaborated with Tata Engineering to make forays into the lower end of diesel engine market.

- The Board co-opted Mr. J.K. Edwards & Mr. I.M. Barrowman as Additional Directors & appointed Mr. Y.S. Joshi as an Alternate Director to Mr. M.A. Levett effective from 21st June.

- Cumminds Infotech, a 100 per cent subsidiary of Cummins India, to give majority stake in the Comp. to its US parent Cummins Engine Company.

- Cummins India Ltd has floated Cummins Infotech Ltd to provide e-business & enterprise resource planning solutions for Cummins worldwide.

- The Comp. is all set to foray into the lower-end diesel generator set market targeting the burgeoning demand from domestic users.

- The Comp. has set up a new 100 per cent subsidiary, Cummins Power Solutions India to drive the changes being effected at Cummins India Limited & its subsidiaries.

- Cummins India Ltd., the diesel engines major has appointed Mr. Pradeep Bhargava as managing director Cummins Power Solutions & Chief Executive of their power generation business.

2001

- Cummins India, the power solutions Comp. & largest manufacturer of diesel engines, has introduced a new range of world class product and service offerings including branded gensets.

- Mr. R.L. Moore has stepped down as Director of Comp. with effect from March 15.

2002

- The Board of Directors of Cummins India Ltd have proposed to sell, lease or otherwise dispose of undertaking of Company, viz. Plant II.

-Cummins India, the 51 per cent subsidiary of US-based Cummins Inc, has decided to merge two of its profit-making subsidiaries Cummins Power Solutions & Power Systems India with itself with effect from April 1.

-Vinod Dasari co-opted as an Additional Director of Cummins India.

-Cummins India Ltd has informed BSE that it has acquired 8,10,000 equity shares of Rs 10/- each fully paid [40.5%s] in the shares capital of CG Newage Electrical Ltd Ahmednagar [CGNELs] from Crompton Greaves Ltd [38%s] & Janpath Investments and Holdings Ltd [2.5%s].

2003

-Cummins aligns its operations closer to those of US parent Cummins Inc.

-Cummins India has implemented Six sigma to reduce the defect & maximise the quality of its business processes.

-Cummins India Ltd has announced voluntary retirement scheme for its Associates, Officers and Mangers.

-Mr.Jim Rugg has resigned for Director of company.

-The Board of Directors of Cummins India Ltd have appointed Mr.Vinod Dasari & Mr.Ananth Talaulicar as Joine Managing Directors of company.

-Cummins India mandated a policy according to which every department in the company must have atleast one woman employee.

-Dr. John Wall, chief Technical Officer, Cummins Inc., USA, has joined the board as an Additional Director. Mr. J. M. Barrowman, Mr. S.D. Hires & Mr. Peter McDowell have step down as directors of Comp. effective October 28, 2003, however Mr. J. M. Barrowman & Mr. S.D. Hires will be alternate directors to Mr. M.A. Levett & Dr. John Wall respectively.

-Ms. Matangi Gowrishankar, Vice President HR & Organisation Effectiveness has resigned from the services of Comp. effective December 02, 2003. Consequently, Ms. Gowrishankar has ceased to be Compliance Officer of company. However, Mr. Madan Godse, Vice President Legal & Comp. Secretary continues to be Compliance Officer of Company.

-Cummins tie up with Satyam to hasten operations at CRTI

2004

-Cummins unveils emission compliant N14 series of engines in India

-Cummins India Ltd has informed that the equity shares of Comp. have been delisted from the Pune Stock Exchange wef January 16, 2004.

-Ties up with Cummins Westport Inc, Canada [CWIs] for transfer the technology to the Comp. for manufacture of new Engine Platform called B Gas International [BGIs] in the range of 145 to 230 HP.

-Appoints Anant Talaulicar as the managing director of Cummins India Area Business Organisation [ABOs]. Mr Talaulicar will lead 11 Cummins companies in India, including Cummins India, Cummins Diesel Sales & Service [CDSSs], Tata-Cummins, Valvoline India Fleetguard & the newly-opened Cummins Research & Technology Institute.

-Cummins India Ltd has elected Mr Anant Talaulicar, Joint Managing Director of Comp. as Chairman of Board of Directors.

-Diesel Engine & power major Cummins India has appointed Mr Rajiv Batra as Chief Financial Officer. Mr Batra will oversee the finance function at Cummins India Ltd & the eleven entities of Cummins Group in India

2008

-Cummins India Ltd has signed a Memorandum of Understanding [MOUs] with Government of Maharashtra on March 15, 2008, wherein the State of Maharashtra has offered 'Mega Project' incentives to the Comp. for its proposed expansion Project[ss] at Phaltan MIDC [Village Survadi, District Sataras].