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Design Auto Systems Ltd.

BSE: 520125 Sector: Auto
NSE: N.A. ISIN Code: INE993B01016
BSE 05:30 | 01 Jan Design Auto Systems Ltd
NSE 05:30 | 01 Jan Design Auto Systems Ltd

Design Auto Systems Ltd. (DESIGNAUTOSYS) - Company History

Incorporated on 4 May '87 and promoted by S Garg, B Shastry and I Hemnani, Design Auto Systems (DASL) has an SSI unit for manufacturing automobile electrical components, ignition coils (epoxy) at Dhar, Madhya Pradesh, with an installed capacity of 1.8 lac pa. The company is a reputed supplier of automobile components to Bajaj Auto, LML, Maharashtra Scooters, Enfield, etc. In May '94, the company came out with an issue of equity shares at par aggregating Rs 4.2 cr, to expand and modernise its plant for the manufacture of ignition coils and flashers, starter motors, solenoid switches, armatures, etc. The company is implementing a project to manufacture automotive lamps in technical collaboration with STT Badalex, England, with a project cost of Rs. 2395 Lacs. and production in this unit is expected in Apr.'96.