TIL Ltd

TIL Ltd

TIL (TILL) was promoted by a group of Scotsmen led by R T Wilson in 1944 as a dealer of Caterpillar Tractor Company US for their earthmoving equipment and spare parts. In Nov.'55 it became a public limited company by the name Tractor India. It was renamed as TIL in 1985 after its amalgamation with Spundish Engineers. In 1960 it floated a new company Coles Crane India in collaboration with Coles Crane of UK for the manufacture of India's first mobile crane at Calcutta. Subsequently this company was merged with TILL in 1976. The Company's business is organized into three major segments i.e Material Handling Construction Equipment and Power Systems etc.In 1984 as a part of the diversification the company acquired through merger a unit manufacturing process equipment for supply to the chemical industry. TILL manufactures and markets mobile cranes of 10 MT to 100 MT in diesel electric and hydraulic versions and also markets earthmoving equipment of Caterpillar and Hindustan Motors for northern and eastern India. In Nov.'93 it came out with a rights issue to meet fund requirements for modernisation and to augment the long-term working capital requirements.The company has a technical collaboration with Grove Europe England for the manufacture of higher tonnage cranes. It has entered into an MoU with Marubeni for marketing its products and has also entered into a technical collaboration in 1995-96 with Boss Group UK to manufacture and market a total range of Forklift Trucks.