Batliboi Share Price

Founded in 1892 by Jehangir Framji Batliboi, Batliboi Limited was sold to the Late Bhogilal Leherchand a diamond trader in 1916. It became a private limited company in 1963 and a public limited company in 1978. In Aug.84, it was amalgamated with Batliboi Engineering Company, which was incorporated in 1941. The Company has established itself as a leader among engineering companies. The company operates manufacturing plants in Surat, India, and Peterborough, Canada, where it produces advanced machinery. This machinery is either developed inhouse or in collaboration with leading engineering companies worldwide. The company has undertaken major turnkey projects both in India and internationally, reflecting its capability as engineers and contractors. With a strong focus on customer service, Batliboi operates through various Business Groups at the corporate level. These groups are supported by a dedicated team of engineers who provide comprehensive presales and postsales service through a network of 15 offices across the country. Batlibois operations encompass Machine Tools, Air Engineering and Textile Machinery.Batliboi incorporated a plastics machinery division during 199596 to manufacture a range of small size injection moulding machines in collaboration with Toshiba Machine Company, Japan. Further during 199596 the company tied up with various established and reputed foreign collaborators in various fields.In 199697, the power division commenced setting up its new assembly facility at Silvassa which was expected to be operational by Sep.97. During 199798, the TAE manufacturing division was accredited with ISO 9001 by TUV, Germany. The Company is having a technical collaboration for Manufacturing of CNC Milling Machine with Sachmann Italy.The Company holding 72.04% Equity Shares in its subsidiary I.e. Batliboi Environmental Engineering Ltd., had sold 20,75,000 Equity Shares (23.05 %) to the Batliboi Family at Rs. 15/ per Equity Share. Due to disinvestment, the Companys Holding in Batliboi Environmental Engineering Ltd. came down to 48.99% from 72.04% and accordingly, the Company ceased to be Holding Company effective 10 March, 2003.In 2009, the erstwhile Batliboi SPM Pvt. Ltd (SPM) was amalgamated with the Company effective from 1st April, 2007. In accordance with the Scheme of Amalgamation, the assets, liabilities and reserves of the SPM were transferred to and vested in the Company in 2009. Further, the Company allotted 1680000 equity shares of Rs.5 each to the shareholders of SPM . The Company launched a new line of machine, Quickdrill in 2011.Batliboi Environmental Engineering Limited (BEEL) has been merged with the Company, through the Scheme of Amalgamation in 202526.