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Igarashi Motors India Ltd.

BSE: 517380 Sector: Auto
NSE: IGARASHI ISIN Code: INE188B01013
BSE 00:00 | 01 Dec 504.35 9.40
(1.90%)
OPEN

502.55

HIGH

513.95

LOW

498.05

NSE 00:00 | 01 Dec 504.65 9.20
(1.86%)
OPEN

497.95

HIGH

514.60

LOW

497.00

OPEN 502.55
PREVIOUS CLOSE 494.95
VOLUME 15477
52-Week high 612.20
52-Week low 262.85
P/E 47.81
Mkt Cap.(Rs cr) 1,588
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 502.55
CLOSE 494.95
VOLUME 15477
52-Week high 612.20
52-Week low 262.85
P/E 47.81
Mkt Cap.(Rs cr) 1,588
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Igarashi Motors India Ltd. (IGARASHI) - Company History

CG Igarashi Motors (CIM) incorporated in Jan.'92 was promoted by Crompton Greaves (CGL) Igarashi Electric Works (IEW) Japan and International Components Corporation (ICC) US. CIM manufactures permanent magnet micrometers. The company has technical collaborations with IEW and ICC for technology transfer and sourcing of all critical plant and equipment. CIM also has a marketing arrangement with ICC under which ICC will purchase five mln micrometers pa from CIM. CIM plans to venture into high-volume subcontracting for end-user multinational companies.The company came out with a Rs 2.77-cr public issue in Jan.'94 to part-finance a 100% EOU to manufacture permanent magnet DC micro motors. Total project cost was at Rs 10 cr. During 1997-98 the company has expanded capacity of Rotors by 1.5 million nos there by taking the capacity to 3.5 million nos and then to 6 million nos in 1998-99. The company was certified QS 9000 in November 1998 and the Quality System has been upgraded to conform to the latest edition of QS 9000 with effect from January 2000. During 2002-03 Crompton Greaves Limited have divested their holding in favour of Igarashi Electric Works. Since Igarashi Electric Works(HK) ltd have acquired 3099993 equity shares of CG Capital & Investments Ltd the Board has decided to change the name of the company and the Registrar have approved 'Igarashi Motors India Limited' as the new name.The company is examining the possibility of spinning off its non motor business into a focused JV with Igarshi Electric Works Japan.

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