SPECTRUM ELECTRIC IND Share price

The Company was originally incorporated as Spectrum Polytech Private Limited under the Companies Act 1956 and the Certificate of Incorporation was issued by the Assistant Registrar of Companies Maharashtra at Mumbai on August 12 2008. Pursuant to Shareholders’ Resolution passed at the Extra Ordinary General Meeting of Members of the Company held on February 18 2014 name of the Company was changed to Spectrum Electrical Component Private Limited and a fresh Certificate of Incorporation dated March 11 2014 was issued by the Registrar of Companies Maharashtra at Mumbai.KEY EVENTS / MILESTONES IN THE HISTORY OF THE COMPANY1995- Commencement of electroplating business in Jalgaon- Established business relationship with MDS Switchgear Pvt. Ltd. (now part of Legrand) through electroplating services.1997- Started electroplating services for Kalyani Brakes Ltd. (now part of FBML)1999- Established semi-automatic electroplating plant at own premises2003- Commencement of electroplating business in Nashik at own premises2004- Commencement of fabrication business in Jalgaon at own premises- Started supply of irrigation equipment and components to Jain Irrigation Systems Ltd.2008- Commencement of manufacturing of injection moulded plastic components in Jalgaon at own premises2009- Setting up of commercial tool room facility at Jalgaon at own premises2010- Setting up of fully automatic electroplating plant at own premises in Jalgaon at own premises- Started supply of finished products directly to customers’ distribution network- Established business relationship with L&T through supply of tool/moulds/dies2012- Commencement of fabrication business in Nashik at leased premises- Established business relationship with Anchor-Panasonic by supplying of Distribution Board at Nashik & Jalgaon.- Purchased a fully functional electroplating plant at Nashik2013- Established business relationship with Hager Electro through supply of Distribution Boards.2014- Commencement of manufacturing of precision press components in Jalgaon at own premises.- Established business relationship with Schneider Electric through supply of plastic injection moulded components.- Established business relationship with ARaymond Fasteners through supply of tool room services and plastic injection moulded components.- Established business relationship with ABB India Ltd. through supply of distribution boards2015- Shifted fabrication facility to a new location at Nashik2014- Obtained UL certification (UL 746D) for Polymeric Materials – Fabricated Parts2017- Established business relationship with Luminous through supply of metal junction boxes- Established business relationship with Honeywell through supply of Distribution Boards.- Aggregate gross turnover of group entities crossed Rs. 100 crores.- Integration of business operations of all group entities under the Company- Implemented ERP system - SAP S4/HANA- Set up new plant at Umale Jalgaon and commenced commercial production- Commencement of construction of new plant in Hyderabad on owned land