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Uravi T and Wedge Lamps Ltd.

BSE: 535061 Sector: Auto
NSE: URAVI ISIN Code: INE568Z01015
BSE 05:30 | 01 Jan Uravi T and Wedge Lamps Ltd
NSE 05:30 | 01 Jan Uravi T and Wedge Lamps Ltd

Uravi T and Wedge Lamps Ltd. (URAVI) - Company History

Uravi T and Wedge Lamps Limited was incorporated as a private limited company with the name 'Uravi T and Wedge Lamps Pvt. Ltd' on 19 April 2004 in the State of Maharashtra. Subsequently the name of the Company was changed to Uravi T and Wedge Lamps Limited due to conversion from a private company to a public company on January 16 2018.The Company was incorporated with a paid up capital of Rs. 100000 which was increased to Rs. 5000000 in the Financial Year 2008-09 to Rs. 50000000 in the Financial Year 2011-12 and to Rs. 60000000 in the Financial Year 2017-18. The Company is a lamps and lighting products manufacturing and distribution company with core focus on automotive lamps and instrument cluster lighting. It specialize in manufacturing and distributing Stop and Tail Lamps /Signal Lamps /Indicator Lamps and Wedge Lamps for Two-wheelers Four-wheelers Tractors and Industrial applications for various Indian automobile manufacturers. It is ISO/TS certified and hold certifications from the Automotive Research Association of India and E-mark for the products manufactured.Keeping in line with the current technological advancements in the field of automobile and home lighting the company has recently entered into a co-operation agreement with a Philippines based company named Global Lighting Phils. Inc for developing LED lighting products vertical of the company. The LED lamps are manufactured by Global Lighting Phils. Inc. under the brand name 'UVAL' and are imported distributed and sold in India by the company. It has recently entered into trading of LED Lamps. The Company was incorporated in the year 2004 and began its operations with one manufacturing unit for T-10 Lamps at Navi Mumbai in Maharashtra on a rental basis. Subsequently the company purchased its own manufacturing unit at Bhiwandi Thane and shifted its manufacturing operations to this unit. Over the years the company has expanded its scale and scope of operations and in the year 2012 the company acquired a factory premises on a long lease basis in Kathua situated in the State of Jammu and Kashmir. Currently the company operates from two different manufacturing locations situated at Bhiwandi in Maharashtra and Kathua in Jammu and Kashmir. In both these places it has spate production lines for Stop and Tail Lamps and Wedge Lamps. Major events and milestones of the companyIn 2005 the company set up its first production line T-10 lamps at Rabale MIDC Navi Mumbai.In 2007 the company purchased and shifted to a new premise at 'Q6' Rajlaxmi Technopark Sonale NH3 Road Bhiwandi in the month of April. The Company received performance and reliability approvals for W3W lamps from M/s BAJAJ Auto Ltd.In 2008 the Company received ISO/TS 16949:2002 certification.In 2009 the company increased its paid up capital to Rs. 5000000 and received ARAI certificates in April for a wide range of products.In 2010 the Company rented Unit 'Q5'- Rajlaxmi Techno Park Sonale NH3 Road Bhiwandi for manufacturing support activities such as packing re-packing labeling relabeling and storage. It received E-Mark certifications in July for a range of its products. The Company received performance and reliability approvals for W3W and W1.7W lamps from Hero MotoCorp Ltd.In 2011 the Company received performance and reliability approvals for R10W & P21/5W lamps from BAJAJ Auto Ltd.In 2012 the company started manufacturing support activities such as packing re-packing labeling relabeling and storage unit in 'J3A and J3B'- Rajlaxm Technopark Sonale NH3 Road Bhiwandi. The Company increased its paid up capital to Rs. 50000000. The Company entered into a long lease for a factory in Kathua (Jammu and Kashmir) and started manufacturing process. It received performance and reliability approvals for - RY10W lamps from BAJAJ Auto Ltd. and R10W & RY10W lamps from Hero Moto Corp Ltd.In 2013 the company increased the Coating line capacity at both of its Bhiwandi and Kathua units.In 2014 the Company started construction of New building which is attached to the main building at 'Q6'Rajlaxmi Technopark Sonale NH3 Road Bhiwandi.In 2016 the Company got its trademark 'UVAL' (Word) registered.In 2017 Quality management system - ISO/TS 16949:2000 re-certification was granted. The Company increased the authorized share capital to Rs. 60000000.In 2018 the Company converted to a Public Limited Company and proposed listing of its shares on the EMERGE Platform of the National Stock Exchange.

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