Spectrum Electrical Industries Ltd

Spectrum Electrical Industries Ltd

Spectrum Electrical Industries Limited was originally incorporated as a private limited company with the name 'Spectrum Polytech Private Limited' on August 12 2008. The name of Company was changed to Spectrum Electrical Component Private Limited on March 11 2014. Further name of the Company was changed to Spectrum Electrical Industries Private Limited on June 14 2018. The Company was subsequently converted into a Public Limited Company and the name of Company was changed to Spectrum Electrical Industries Limited on June 20 2018. Mr. Deepak Chaudhari Promoter of the Company started his entrepreneurial journey in 1995 through a proprietary firm M/s. Spectrum Electroplaters in Jalgaon Maharashtra. The firm was focused on undertaking zinc nickel tin copper silver and gold electroplating for Morarjee Dorman Smith Pvt. Ltd.(presently part of Legrand Group) and VIP Industries Limited. As the firm's business grew Mr. Deepak Chaudhari extended the business operations to Nashik by incorporating a partnership firm under the name and style of M/s. Spectrum Electroplater in 2003 along with Mr. Devendra Rane and Mr. Chandrakant Rane. The partnership firm commenced its business operations with electroplating and later on added distribution box manufacturing activities for Anchor Electricals Pvt. Ltd. and ABB Limited in 2012. To expand the fabrication capacity further Mr. Deepak Chaudhari incorporated M/s. Spectrum Fabricators (India) Pvt. Ltd. in Jalgaon in 2004. After achieving stability in the operations across the group entities Mr. Deepak Chaudhari started Injection Moulding business and set up a partnership firm M/s. Spectrum Polytech at Jalgaon along with his wife Mrs. Bharti Chaudhari in 2008. Later on a commercial tool room was set up in Spectrum Polytech for manufacturing of dies and moulds. For improving efficiencies effective management and improvement / advancement of business it was decided to integrate all the business operations of the group entities into one single entity. Accordingly through business transfer agreements dated March 31 2017 business of all the group entities along with respective assets and liabilities were transferred to Spectrum Electrical Industries Limited with effect from April 1 2017.