ELTROL was established as a partnership firm in 1977, by Mr.P. Murlidhar Rao, & Mr. P.V. Jagannath as partners. The firm was converted under section 556 of Companies Act, 1956, as a Private Limited Comp. on 10/9/91, under the name & style of Eltrol Private limited with the Registrar of Companies Maharashtra, Bombay. The promoters have converted the Comp. into a Public Limited Comp. by passing a Special Resolution in the Extraordinary General Meeting held on 31.8.94 & has obtained a fresh change of name certificate on conversion on 25th October, 1994. The firm had been carrying on the business of Electrical Panels for M/s. Eltrol Engineering [Ps] Ltd., which is a Company under the same management.
The Promoter - Partners are professionals & are in the field of Electrical/Electronics. The Promoters through the Company & Associate concerns has executed orders of various clients over a period of 17 years & had gained experience & exposure to the line of business.
The firm was converted under section 556 of Companies Act. 1956, as a Private Limited Comp. on 10/9/91, under the name & style of Eltrol Private limited The Comp. has started carrying business in its own name Since incorporation. The manufacturing activities of Company are located at Plot No. W/163 ad measuring 680 Sq.Mtrs. area on a leasehold Industrial Plot of MIDC, at Sagaon Industrial Estate known as Dombivli Industrial Estate since 1/4/1977 with a primary lease period of 95 years. The company has vide its letter ref. no. EL/YSN/1491/94 dated 1-2-95 has informed the M.I.D.C. Authorities about the change in the Constitution of company.
The Promoters had executed orders of reputed companies through the Comp. or its sister concerns. To refer the same the Comp. has received orders from Indian Rare Earths Ltd., Tata Hydro. Mahindra and Mahindra, L and T, etc.
The Government of India has opened gates for multinational clients to setup Power Projects, in India & a number of incentives have been envisaged in the budget. Considering the prospective demand, the promoters have converted the Company into a Public Limited Comp. on 25th October, 1994 and intend to modernise the Dombivli unit & to expand the product range by setting-up a second unit at New Bombay TTC Industrial Area, which is fast developing into an Electronic Zone.