Wellwin Industry Ltd. Company History and Annual Growth Details

YEAR EVENTS
1995 - The Company was incorporated on 29th June, as Public Limited
Company at Chennai. Wellwin Industry Limited, is promoted by Mr.
S. Sridharan a Technocrat with specialisation in Instrumentation
and Mrs. Sumathy Sridharan a Post Graduate in Computer Science.

- The Core promoter Mr. S. Sridharan, with his qualifications and
experience in the field of instrumentation, conceived the idea of
setting up a State-of-the-Art plant for total instrumentation
under one roof for the first time in India.

- The Company has allotted 19,79,300 Equity Shares of Rs.10/- each
on 10th August.

- The Company is currently in the business of carrying out design,
manufacture and marketing of process control Instruments. The
Company caters to varied requirements of Instrumentation Industry
by manufacturing pressure, temperature flow and level
instruments, both for regular and special applications.

- During the year the company Public Issue of 13,60,000 No. of
Equity Shares of Rs. 10/- each for cash at par aggregating to Rs.
136.00 Lacs.

1996 - The Company has set up state-of-the-art manufacturing facility at
Perungudi.

- The Company as their future business opportunity is exploring the
possibility of manufacturing instrument cluster for Automobile
Industry. In addition the Company is actively considering
manufacture of instrument caliberating systems in collaboration
with DOTT.ING.SCANDURA & C.S.P.A. Italy.

1997 - The Company is setting up high tech system integration office in
the city to cater to the same.

1998 - The Company plans to enter into Automobile Electronic Segment as
it has a bright future in India and abroad.

- The Company has entered into Collaboration agreement with South
Korean giant M/s. Poong Sung Electric Co. Ltd., a US $ 500
million Company for the technology know-how. M/s. Poong Sung
Electric Co. Ltd., has got a wide range of products in the areas
of Auto-Electrical and Electronics.

- The Company is already working with M/s. Aptech Consultancy for
ISO 9002 certification the Company will get accredition in next
two months time.

- The Company has set up a software training center to train
personnel in the following areas viz :

- The Company has entered into Collaboration agreement with South
Korean giant M/s. Poong Sung Electric Co. Ltd., a US $ 500
million Company for the technology know-how.

1999 - The Company has allotted 24,00,000 Equity Shares of Rs. 10/- each
on 5th May, at a premium of Rs.81/- per share on preferential
basis to FIIs/FI/Corporate Bodies aggregating to Rs.2184 lacs.

- The Company has entered into an agreement with National
Securities Depository Limited (NSDL) to facilitate the holding
and trading of the Company's shares in electronic form.

- Company has allotted 24,00,000 Equity Shares of Rs. 10/- each on
5th May, 1999 at a premium of Rs.81/- per share on preferential
basis to FIIs/FI/Corporate Bodies aggregating to Rs.2184 lacs.

- The Company has entered into an agreement with National
Securities Depository Limited (NSDL) to facilitate the holding
and trading of the Company's shares in electronic form.

2000

-Wellwin Industry Ltd. has entered into an MoU with General Eastern Instruments of the US and Hans Turck GmbH & Co., Germany for marketing their products in India.

-Wellwin Industry Ltd, has entered into a strategic tie up with Madras Medical Mission. The two organisations aim to provide comprehensive interactive information systems for visitors and patients.

-The Company has launched Software Products (embedded) for health care industry named Dr. Heartz and installed the same in Madras Medical Mission, Chennai.

2002

-Wellwin Ind Board approves acquisition of shares of Alcaast India.

-The shareholders of Wellwin Industry Ltd at the Extra-Ordinary General Meeting held on May 30, 2002 had confirmed the action of the Board in acquiring Alcaast India Ltd issuing 70,00,000 equity shares under SWAP arrangement and cash. However the shareholders have revised the offer price of our share at Rs 29 instead of Rs 25 as earlier decided/stated by the Board of Directors.

2003

-Wellwin Industry gets order of Rs 1cr from Piaggio

-Wellwin Ind embarks on first lot of shipment of Starter Motors to Piaggio

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