STAR DELTA TRANSFORMERS L Share price

The company was incorporated on 17th February 1977 in thestate of Madhya Pradesh under the name and style of StarDelta Transformers (M.R) Private Limited. The name of thecompany was changed to Star Delta Transformers PrivateLimited on 10th April 1995. Subsequently the company wasconverted in to a public limited company and obtained freshcertificate of incorporation on 12th July 1995 consequentto change in the name and status.The company was originally promoted by Mr. Syed Moin U.Zaffer Mr. Hemendra Dalichand Shah Mr. Shaikh AhmadSarang Mr. Uppoor Sadashiv Mr. Raiklal Jethalal Shah Mr.Manharlal Rambhai Amin all residents of Bombay and Mr. SyedAkhtar Hasan resident of Bhopal who became the ManagingDirector.On 14th January 1978 the original promoters other thanMr. Syed Akhtar Hasan transferred their holdings to Mr.Sharq Akhtar Hasan Mr. Mohammed Amin Mrs. Farzana AkhtarHasan and Mr. Shyam Kumar Bora all residents of Bhopal.Mr. Syed Akhtar Hasan continued as the Managing Director ofthe Company.On 18th August 1980 the company was taken over by Mr.Laxmi Narayan Gupta Mr. Kishore Gupta Mr. Anil Gupta andMrs. Shimla Devi Gupta from the above persons and Mr.Laxmi Narayan Gupta became the Managing Director of theCompany.Since the incorporation i.e. February 1977 to January1978 the company was under the management of Mr. Syed MoinU. Zaffer and Mr. Hementa D. Shah. during this period thecompany did not undertook any commercial operation exceptconstruction of factory building and installation ofcertain Machineries thereafter during January 1978 toAugust 1980 under the management of Mr. Syed Akhtar Hassanthe company efforts to get business of transformermanufacturing from State Electricity Boards and got sometrial orders in 1979. Since 1980 after taking over ofbusiness for the present management the company is engagedin the business of repairs and manufacture of DistributionTransformers. In last 15 years the company has establishedthe production process and developed requiredinfrastructure. The company has made constant efforts toadd more clientele and provide effective services with theresult that the turnover increased from Rs.445.61 lacs in1990-91 to Rs.820.11 lacs in 1994-95.At present the company is engaged in the manufacturing andrepairing of Distribution Transformers in 11 KV & 33KVClass upto the rating of 3.15 MVA. The presentmanufacturing facilities are located at Industrial AreaGovindpura Bhopal Madhya Pradesh Jpresent M.D. of theCompany is Mr. Kishore Gupta.