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History of Datar Switchgear Ltd.

YEAR EVENTS 1984 - The Comp. was Incorporated on 30th July, as a private limited Comp. & was converted into a public limited Comp. on 22nd May 1992.

- The Comp. was promoted by Rajan Datar, a technocrat entrepreneur. Its plant is located at Nasik. The Comp. employs the technical know-how obtained from M/s. Felten & Gulleaume Energictechnik AG, Germany in production of ELLB, ELCB + MCDL and MCD. In 1994, this collaboration expired & the Comp. entered into another collaboration with M/s. Stapla Ultraschall Technik GmbH, Germany for manufacture of ultrasonic welding machines.

- The Company object is to manufacture of switchgears, capacitor, panels, ultrasonic welding machines, relays etc.

- The Comp. undertook to capacity expansion/product extensions project apart from technology upgradation leading to inhouse tool room facility, inhouse CAD/CAM design, facility & build up capacitor panels. The Company three product lines excludes viz. circuit production lines/circuit protection & safety equipment [switchgearss], capacitor panels & ultrasonic welding machines.

- The capacity switchgear division is to be expanded i.e., Earth leakage circuit breakers + Miniature circuit breakers [ELCB + MCB combinationss] from 70,000 to 1.50 lakh p.a. & relays capacity from 250 to 2500 p.a. It was also proposed to upgrade the existing in house R&D typetesting facility. Land was procured on 95 year lease from MIDC Ambad, Nasik close to company existing facilities. Plant & machinery were imported for same.

1990 - During 14th August, for 8 years the Comp. entered into an agreement with M/s. Slapla Ultraschall Technik GmbH, Germany for manufacture of ultrasonic welding machines. The collaborators are to provide know how, detailed drawings, manufacturing process quality control etc.

1993 - 27,30,300 No. of equity shares of Rs.10 each issued, subscribed & paid up. 12,41,750 No. of equity shares of Rs.10 each were issued at a prem. of Rs.100 per share of which 2,48,350 shares were received for allotment on a firm basis. Balance 9,93,400 shares issued to the public 3,400 additional shares allotted.