Singer India Share Price

Established in the 19th century by The Singer Co., US, at Bombay as Indian Sewing Machines Company Limited, Singer India Limited was initially marketing the indigenously produced sewing machines under the trade mark Merritt owned and locally registered by The Singer Company, US. In 1977, it started carrying on its business in India as a separate entity. The company has a collaboration with Singer, The Netherlands, which also holds 51% stake in the company and is engaged in the business of trading / manufacturing of sewing machines, related accessories and in trading of domestic appliances. In 1984, the company diversified into a varied range of household appliances TVs, washing machines, cooking ranges, food processors and vacuum cleaners. In 1986, it came out with an indigenous model of an automatic sewing machine for fashion designing, which was launched in Mumbai. In 1989, Himec India became a whollyowned subsidiary chiefly to export the companys product mainly the Zig Zag machine. Its other subsidiaries are Mahavir Founders Engineers and Singer India Trading. At present, the company has diversified into the totally unrelated business of household furniture.It had entered into the refrigeration industry by setting up refrigerator manufacturing units in different states. It has started manufacturing Ironing Presses. The company has added one more model of Washing Machines in 200102.The company set up a new factory to manufacture audios and black white TV sets, production of which commenced. Its Jammu factory was awarded the ISO 9002 certification. During 19992000, the company introduced professional XL1000 and XL100 fully computerized sewing machines imported from Singer. Microwave ovens and steamlite irons, both imported, has also been introduced to its existing range.In 200001, the company expanded/upgraded the range of products offered in refrigerators, colour televisions and food processors. During February,2001 the Board has approved the Rights Issue of equity shares in the ratio of 1:1 at par of Rs. 10/each. The issue opened on July 16,2002 and closed on September,2002. Subsequent to the rights issue the Share Capital increased to Rs.15.65 crores.The Company introduced 3 new imported models of Zig Zag Sewing Machines during the year 200304 and also introduced Industrial Sewing Machines .The Company has embarked to work on innovation and value engineering on straight stitch conventional sewing machines and target to offer better machines to capture large market share in the overall industry. The strategies are being put in place to grow the Companys businesses in sewing machines and home appliances to improve profitability. The Company is focusing to accelerate the sales of Zig Zag sewing machines. It is also growing its Industrial sewing machines business amidst the growing demand for these machines. Also, in home appliances segment, it focus upon the selected categories from the range of appliances currently available, and grow them substantially and make their contribution to turnover of home appliances meaningful and eliminate categories/sales channel contributing very thin margins.In FY24, the Company operations were divided into two main segments: Sewing Machines and Home Appliances. The Company inaugurated two SINGER Experience Centres in the retail division i.e. the first in Nehru Place, Delhi and the second in Ghatkopar. Mumbai in 2025. It launched CloudX, Fan, which uses unique technology to convert water into fine cloudlike particles for natural and efficient cooling. Further, the Company launched the industrys first straight stitch machines featuring DSBB and SLBB technology, and expanded the premium embroidery and fashionoriented models under the Husqvarna Viking and PFAFF brands in FY25. During FY26, Company expanded its technologically advanced products such as DSBB SLBB sewing machine and Straight Stitch sewing machine which enabled smoother operation, reduced vibration and improved stitching precision. The presence has enhanced in industrial sewing machines and embroidery machine categories across both singleneedle and multineedle platforms with the launch of Tailor Mate, a modern motorised straight stitch machine as the alternative to traditional cast iron machines. SINGER India introduced an Industryfirst Technologyenabled customer experience initiative such as SINGER Live Assist, which assists consumers to register their call for a live video assist service for installation, demonstration and quick redressal of small problems in sewing machines.