| | | | 1970| | Punjab Govt. through PSIDC acquires SWARAJ tractor’s design from CMERI and establishesPunjab Tractors Ltd. (PTL) for its commercialization. | | 1971-73| | PTL sets up SWARAJ Project for 5,000 tractors per annum at a capital outlay of Rs. 37. 0 million with an equity base of Rs 11. 0 million. | | 1974| | Swaraj 724 (26. 5 HP) tractor commercially introduced. | | 1975| | 2nd tractor model SWARAJ 735(39 HP) developed by own R;D, commercially introduced. | | 1978| | 3rd Tractor model SWARAJ 720 (19. 5 HP) developed by own R;D, commercially introduced. | Maiden equity divided declared. | | | 1980| | Guided by social concerns and responsibility, PTL takes over PSIDC’s sick scooters unit -Punjab Scooters Ltd. (subsequently renamed as SWARAJ Automotives Ltd. )| | India’s first Self propelled Harvester Combine – SWARAJ 8100 developed by own R;D, commercially introduced. | | SWARAJ Foundry Division set up in Backward area. | | | 1981| | Issue of maiden Bonus Shares (2:5), paid-up equity moves to Rs 15. 4 million. | | 1983| | 4th Tractor Model – SWARAJ 855 (55 HP) developed by own R;D, commercially introduced. | Expansion of annual capacity to 12,000 tractors per annum at Plant 1. | | | 1984| | SWARAJ MAZDA Ltd. promoted in technical and financial collaboration with Mazda Motor Corpn. ; Sumitomo Corpn. Japan for manufacture of Light Commercial Vehicles. PTL’s equity participation is Rs. 30. 4 million (29%) and that of Mazda and Sumitomo’s Rs. 27. 0 million (26%). | | 1985| | SWARAJ Industrial Forklift Trucks developed by own R;D, commercially introduced. | | 1986| | SWARAJ ENGINES Ltd. promoted in technical and financial collaboration with Kirloskar Oil Engines Ltd. KOEL) for manufacture of diesel engines. PTL’s equity participation is Rs. 6. 9 million (33%) and that of KOEL’s Rs 3. 6 million (17%). | | 1989| | 1st Right Issue (1:1) at a premium of Rs 50/- per share (plus reservation of 200 Shares per employee) paid up equity moves to Rs 31. 6 million. | | 1990| | 2nd Right Issues (1:2) at a premium of Rs 60/- per share (plus reservation of 200 Shares per employee) paid-up equity moves to Rs 50. 6 million. | | 1992| | 2nd issue of Bonus Shares (1:1), paid up capital moves to Rs. 101. 2 million. | 1993| | Annual tractor capacity expanded to 24,000 per annum at Plant 1. | | 1995| | Setup of tractor Plant II at Village Chappercheri with annual capacity of 12,000 per annum. | | 1996| | 3rd issue of Bonus Shares (1:1), paid up equity moves to Rs. 202. 5 million. | | 1998| | Commencement of expansion to 60,000 tractors(30,000 at each plant). Capital outlay of Rs 1000 million, funded mainly through internal accruals. | | 1999| | 5th and 6th tractor models – SWARAJ 733 (34 HP) ; SWARAJ 744 (48 HP) developed by own R;D, commercially introduced. | FY 1999’s divided @ 250% was corporate India’s highest. | | | 2000| | Expansion of annual tractor capacity to 60,000 completed. | | 4th issue of Bonus Shares (2:1), paid up equity moves to Rs 607. 6 million. | | | 2001| | PTL won National Championship trophy in competition organized by All India Management Association (AIMA) for young managers. | | Economic times and Boston Consulting Group selects PTL as one of the India’s finest 10 companies out of Economic times top 500 Companies. | | | 2002| | Cumulative tractor sales crosses 5,00,000. | 2003| | PSIDC’s disinvestment of its entire Equity holding (23. 49%) in PTL in favour of CDC Financial Services (Mauritius) Ltd. With this, total holding of CDC ; its associates in PTL stands at 28. 48%. | | 2004| | 7th ; 8th tractor models – Swaraj 939 (41 HP) ; Swarj 834 (34 HP) developed by own R;D, commercially introduced. | | 2005| | PTL disinvested 15,73,000 euity shares of Rs. 10/- each of Swaraj Mazda Ltd. (constituting approx. 15% of SML’s paid up capital) in favour of Sumitomo Corporation, Japan, a joint venture partner in Swaraj Mazda Ltd. t a total consideration of Rs. 629. 2 million| | 2007| | CDC/Actis Group and Burman Family’s disinvestment of their Equity holding in PTL (43. 3%) in favour of Mahindra Group (M;M). M;M made open offer to shareholders for another 20% equity of the Company. Mahindra Group’s equity holding in the Company stands at 64. 6%Cumulative Tractor Sales cross 600,000. Swaraj Track Type Combine designed and developed by in-house R&D, commercially launched| | 2008| | Swaraj 3 Tonne Battery forklift, designed and developed by in-house R&D, commercially launched|
ACKNOWLEDGEMENT It is a great pleasure for me to attend my training in this esteem organization. At the very outset, I would like to express my deep gratitude to SWARAJGROUP for giving me an opportunity to work upon and do my training inthis reputed organization . I express gratitude and pay my whole regards toall the people at Punjab Tractors Limited, Tractor division who helped me& made my training a success. I feel I have been part of the Swaraj familythough only for a short time and shared the work culture which inspired meto adapt a goal oriented approach.
I owe my success to many people whoguided me and shared with me their valuable time & suggestions so that Icould develop. I would like to take this opportunity to thanks ? Mr. Ashok Jain ? Mr. H. S Baweja ? Mr. Achhar Singh ? Mr. Umesh Malhotra ? Mr. Navjot Singh Under whose guidance and rich pool of experience I have completed mytraining. I am thankful to ? Supervisors of all the other departments ? Mr. J. Singh ? All the operators of the shop & also the Apprentice For introducing me to the members of Swaraj family and for guiding methroughout the training period. And for giving me time from their busyschedule to ask my queries.
Swaraj tractors conceived in 1965 by a tem of dedicatedengineers and scientists working at Central Mechanical ResearchInstitute, Durgapur with a firm belief that Indian Technology could be brought at par with the bestin the world. The first model developed was Swaraj-724 developedover a period of 5 years. Independent commercial production startedin the year 1974 and after this company grew by leaps and bounds. Today it is one of the leading tractor manufacturing companies. In the month of July,2003 the 23% stake held by the PSIDChas been disinvested to COMMONWEALTH DEVELOPMENTCORPORATION, a UK based firm