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Sunku Auto Ltd.

BSE: 520117 Sector: Auto
NSE: N.A. ISIN Code: INE723B01017
BSE 05:30 | 01 Jan Sunku Auto Ltd
NSE 05:30 | 01 Jan Sunku Auto Ltd

Sunku Auto Ltd. (SUNKUAUTO) - Company History

Incorporated on 12 Jul.'85, Sunku Auto became public in 1986. It was promoted by Dr Sunku Balram, Sunku Annapoorna and Sunku Santosh Kumar. The company is engaged in the manufacture of diesel auto 3-wheeler auto rickshaws for passenger transport and goods transport and 5-wheeler trolley-type vehicles for goods transport. The 4-stroke diesel engine, which is highly fuel-efficient with far less pollution problems, finds better acceptance as a prime mover for 3-wheeler autos, apart from the low operating cost. The company came out with a rights issue in Nov.'95 to part-finance the commercial production of 8-seater autos and to augment long term working capital. The company has been awarded the Golden Udyog Patra award for the most fuel-efficient vehicle and the Navrathna Udyog Patra award for the new venture in three-wheeler auto with fuel economy. During the year 1995-96, the paid up equity capital is enhanced from Rs 5.54 cr to Rs 8.19 cr following the shares were issued on a right basis.