Elpro International Share Price

Elpro International Limited, incorporated in 1962, is presently engaged in the business of manufacturing of Other Electrical Equipments like Lighting Arresters, Varistors, Secondary Surge Arrestor, Discharge Counter, accessories and services also engaged in Real Estate Development and Services. Company has manufacturing plant located at Chinchwad, Pune, Maharashtra.Elpro International, as an engineering company, was originally formed with 50% financial participation from the General Electric Company, US. Later on, to get the company out of FERAs clutches. GEC, US, reduced its shareholding by transferring a small percentage to an Indian company. Originally, Investment Corporation of India, a Tata affiliate, was the largest single Indian shareholder but at present its holding is just 4.5% of the total equity capital of Elpro.Elpros main operations are in lightning arresters, pellet and thyrite types and Xray equipment for medical and industrial applications. They also manufacture alnico magnets for domestic and industrial applications, calrod heating elements for domestic, industrial and medical applications and other electrical apparatus. The company has entered into a technical collaboration with the GEC, US.In 1983, it entered into a technical collaboration agreement with Matsushita Electric Industrial Company, Japan, to manufacture the most important basic component required to manufacture gapless lightning arresters. The company obtained an industrial license and manufactured and sold the first unit of electrostatic precipitators and control with DC power supply.Elpro, commenced production of two new hightech products in 1987 computerised numerical control (CNC) systems with servo drives and metal oxide variators (MOV). The CNC systems are manufactured in collaboration with GEC, US, while the MOV is developed by the RD cell of Elpro itself.Elpros major clients for lightning arrestors are the state electricity boards, private contractors executing power projects, consultants, etc. As far as Xray equipments are concerned, major endusers are private radiologists, clinics and large hospitals in the government and private sectors.In the year 199495 the company has undertaken restructuring programme and promoted four new companies to takeover the divested operations or to carry on a new line of business. The Jointventure with GE namely GEElpro Medical Systems Ltd., has started assembly and development operations relating to Xray product during the year 199495.The company has entered into an JV agreement with Control Technique Plc, a subsidiary of US based Emerson Electric, by which the entire CNC manufacturing operations including plant and equipment, raw material, work in progress, goodwill etc. relating thereto to a new company(Control Technique Elpro Automation). In the new JV company Elpro would subscribe for 49% share capital and the remaining 51% by the control Technique Plc.The company has decided to form a JV with Sunpower Inc, a USA based R D company to produce pumps running on biomass as part of diversification programme. In the proposed JV company Elpro will hols 85% equity and Sunpower will hold 15% of the equity.The Company promoted Elpro Finance Ltd in year 1995 with the main object of undertaking financial transactions like lease, hirepurchase, investments, intercorporate deposits etc. to avail then available tax and other benefits. With the changing conditions the company is engaged in review and restructure of operations during the year 200102.Elpro diversified into flexible packaging by acquiring erstwhile Mukund Flexpack Ltd.(presently Elpro Packaging) in 1998. On January 25, 2018, Elpro Estates Limited became the Wholly Owned Subsidiary of the Company as it acquired 13.80% i.e. 2,40,200 equity shares of Rs 10/ each in Elpro Estates Limited. Elpro City Square Mall became operational in FY 2019. Elpro Estates Limited, a whollyowned subsidiary, was fully merged with the Company w.e.f. April 1, 2018 in FY 201819 via Scheme of Amalgamation. During 202122, Elpro International Limited got into Share Purchase Agreement with Metlife International Holdings LLC. for sale of 21,34,02,479 equity shares held by Elpro International Limited in PNB Metlife India Insurance Company Limited for a total consideration of Rs 132309.54 Lakhs and resulting to completion of transaction, the shareholding of Elpro International Limited stood 0.8141% on February 28, 2022. Consequent upon sale of 21,34,02,479 Equity Shares held by the Company PNB Metlife India Insurance Company Limited on 28th February, 2022, PNB Metlife India Insurance Company Limited ceased to be an Associate Company.Eduspace Services Private Limited was incorporated as Whollyowned Subsidiary Company w.e.f. March 19, 2025. Further, Eduspace Services Private Limited was converted from Limited Liability Partnership Firm named Eduspace Services LLP, with effect from July 18, 2025, in which the Company had acquired 100% Partnership interest.