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3M India Ltd.

BSE: 523395 Sector: Others
NSE: 3MINDIA ISIN Code: INE470A01017
BSE 00:00 | 13 Jul 19905.40 30.75
(0.15%)
OPEN

19850.00

HIGH

19910.00

LOW

19850.00

NSE 00:00 | 13 Jul 19944.95 56.60
(0.28%)
OPEN

20119.95

HIGH

20125.00

LOW

19785.20

OPEN 19850.00
PREVIOUS CLOSE 19874.65
VOLUME 49
52-Week high 22563.95
52-Week low 12960.00
P/E 72.24
Mkt Cap.(Rs cr) 22,433
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 19850.00
CLOSE 19874.65
VOLUME 49
52-Week high 22563.95
52-Week low 12960.00
P/E 72.24
Mkt Cap.(Rs cr) 22,433
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

3M India Ltd. (3MINDIA) - Company History

3M India Ltd is the flagship listed company of 3M Company USA in India. 3M Company USA holds 75% equity stake in the company and is a diversified technology and science company with a global presence in Industrial; Health Care; Consumer; Safety and Graphics; and Energy businesses and is among the leading manufacturers of products for many of the markets it serves. Most of its products involve expertise in technology product development manufacturing and marketing and are subject to competition from products manufactured and sold by other technologically oriented companies. 3M India has manufacturing facilities at Ahmedabad Bengaluru Pune and has the Corporate Office and Customer Innovation Center (R&D Center) in Bengaluru. The company manages its operations in five (5) operating business segments: Industrial; Health Care; Consumer; Safety and Graphics; and Energy. The company's five business segments bring together common or related 3M technologies enhancing the development of innovative products and services and providing for efficient sharing of business resources. 3M products are sold through numerous distribution channels including directly to users and through numerous wholesalers retailers converters distributors and dealers in a wide variety of trades in many countries around the world. The Industrial segment serves a broad range of markets such as automotive original equipment manufacturer (OEM) and automotive aftermarket (auto body shops and retail) electronics appliance paper and printing packaging food and beverage and construction. Industrial products include tapes a wide variety of coated non-woven and bonded abrasives adhesives advanced ceramics sealants specialty materials closure systems for personal hygiene products acoustic systems products and components and products that are used in the manufacture repair and maintenance of automotive marine aircraft and specialty vehicles. The Health Care business segment serves markets that include large multi-specialty hospitals and small clinics dental and orthodontic practitioners processed food manufacturers and pharmaceutical companies. The product offerings in this segment include medical and surgical supplies medical devices skin & wound care and infection prevention products & solutions drug delivery systems dental and orthodontic products and food safety products. The Safety & Graphics business serves a broad range of markets that serve to increase the safety security & productivity of people & improves facility design aesthetics hygiene etc. Major product offerings in this segment include personal protection products; traffic safety & security products border security solutions; public safety & identity management solutions; commercial graphics sheeting & systems; architectural surface & lighting solutions; cleaning & protection products for commercial establishments etc Personal protection products include maintenance-free & reusable respirators personal protective equipment head & face protection body protection hearing protection & protective eyewear.The Consumer segment serves markets that include consumer retail modern trade office retail and other emerging retail channels. The products in this segment include office supply products stationery products home care products and protective material products. Major consumer products include Scotch brand products such as Scotch Magic Tape and Scotch Glue Stick; Post-it Products.The Infrastructure Protection Products Division of 3M India offers a comprehensive array of products that ensure effective protection against corrosion for a variety of installations and structures. While 3M Scotchkote Fusion Bonded Epoxy Powders and Scotchkote Liquid Epoxy Coatings offer protection for steel pipelines associated fittings and structures used in the oil gas water industrial and construction markets the range of 3M Scotchcast Powder Resins are ideal for OEM electrical insulation applications. 3M Dynatel Locators combine simple interfaces large backlit high-resolution graphics excellent balance and ergonomics with precision locating capabilities to quickly and accurately identify underground assets.In Renewable Energy 3M India is helping to transform the fields of Generation & Conservation of Energy. 3M supports solar and wind energy initiatives through product solutions such as films tapes coatings encapsulants and adhesives that help reduce the cost of energy generation. 3M India Ltd was incorporated in the year 1987 with the name Birla 3M Ltd. The company was changed into a public limited company in April 1989. In February 1990 they inaugurated Customer Tech Centre in Bangalore. In the year 1994 the company opened Customer Sales Centre at Chennai Kolkata and Bangalore. In November 1995 they opened a new warehouse in Bangalore.In February 1996 the company inaugurated Graphics Production Centre. Also they opened new warehouse in Mumbai. In December 1996 they opened their second Customer Sales Centre in Bangalore. In the year 1997 they opened a warehouse in Chennai. In the year 1998 the company opened the new Customer Sales Centre with expanded facilities at Delhi. Also they inaugurated Innovation Center at Bangalore.In June 2000 the company acquired the business of Autostriping India which develops and produces graphics for two wheelers and the company also inaugurated the centralized Corporate Office. In December 2002 the company name was changed to 3M India Ltd.In the year 2004 the company inaugurated a Manufacturing Facility for Corrosion Protection Products in Ahmedabad Gujarat. In the year 2006 they acquired Mahindra Engineering & Chemical Products Ltd. In October 2007 they acquired Macroworx Media Pvt Ltd. The company executed of new manufacturing plant at Pune in Maharashtra and expanded the manufacturing facility at Ahmedabad in Gujarat. In the year 2008 the company increased the production capacity of Self Adhesive Labels from 40000000 Nos to 50000000 Nos. During the year 2008 3M India's 5th manufacturing facility at Ranjangaon in Maharashtra became operational. In 2009 Phase 2 of 3M India's Corrosion Protection Manufacturing Facility at Ahmedabad was inaugurated. In 2010 3M India made its first foray into the retail space with the launch of the 3M Car Care Centre initiative. During the year 3M India filed 13 patents and launched over 23 new product innovations for the India market.In 2011 3M India inaugurated its biggest Distribution Centre at Electronics City Bangalore to meet 2015 growth needs. During the year the company expanded regional presence with 4 branch offices in Kolkata Chennai Pune and Gurgaon. Also during the year the company inaugurated two state-of-the-art Innovation Centres at Bangalore and Gurgaon to focus on local product innovations. The company filed 14 patents during the year.The Board of Directors of 3M India at its meeting held on 20 April 2011 approved an investment of Rs 70 core towards expansion of manufacturing facility at Ranjangaon for Non-woven maker project to be executed during the calendar years 2011 and 2012.On 31 August 2012 3M India informed the stock exchanges regarding recognition of the company's In-House R&D unit at Bangalore by Department of Scientific and Industrial Research (DSIR).On 19 March 2013 3M India's US based parent company 3M Company announced that it proposes to sell 1.13 lakh equity shares of the company on 21 March 2013 through a sale on the separate windows provided by the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) respectively for this purpose. Earlier on 11 March 2013 3M Company US announced its intention to off load 1% of its holding in 3M India to comply with the minimum public shareholding by all listed companies as prescribed by SEBI.