Bosch Ltd Company History

The Company was Incorporated on 12th November, in Chennai and shifted to Bangalore on 16th November, 1953. The main objects of the company are to manufacture spark pluge for petrol engines and fuel injection equipment for diesel engines in technical and financial collaboration with Robert Bosch GmbH, West Germany.Trade Mark is `MICO'.

Except for a 16 day strike at the Nasik factory towards the end of year which continued for a few days in January 1984, the industrial relations contributed to the improved working. The market situation improved during the first half of 1985. However there was a slackening of demand in the second half, especially in the last quarter, due to poor monsoons and recession in the commercial vehicle industry.

Another class of Redeemable preference shares was also introduced Right issues were made in August 1952, August 1953 and November 1955.

In March 1959, 25,000 No. of equity shares were issued to Robert Bosch, West Germany. In March, 1962, 30,000 Right equity shares issued at a prem. of Rs.10 per share in the prop. 1:5.

In January, 45,000 bonus equity shares issued in the prop. 1:4.

In February, 1966, 45,000 right equity shares issued at a prem. of Rs.10 per share in the prop. 1:5. In September, 1966, 90,000 bonus equity shares issued in the prop. 1:3. In October, 1966, further 15,000 right equity shares issued at a prem. of Rs.10 per share in the prop. 1:24.

In January, the Mysore Branch of the Central Bank of India Ltd., offered for sale - 2,000 No. of equity shares of the company at a prem. of Rs.70 per share in order to comply with the listing requirements of the stock Exchange, Mumbai.

At the time of incorporation, the company had 3 classes of shares viz., `A' ordinary, `B' Ordinary and preference.

3,75,000 bonus equity shares issued in the prop. 1:1.

95,588 No. of equity shares issued at Rs.175 per share of which 48,000 shares issued to Financial Institutions against conversion of loan from them and 47,588 No. of equity issued as right shares to members other than Robert Bosch GmbH in the prop. of 3:20, - Rs.40 (Rs.25 on capital account and Rs.15 as share prem.) was called up. Further calls payable were Rs.50 (Rs.25 on capital account and Rs.25 as share prem.) (31st August 1974), Rs.50 (Rs.25 on capital account and Rs.25 as share prem.) (30th December, 1974), Rs.35 (Rs.25 on capital

account and Rs.10 share prem. (30th August 1975).

4,22,794 bonus shares issued in prop. 1:2.

A letter of intent was received for an expansion of manufacturing capacity.

6,34,191 bonus equity shares issued in prop. 1:2.

A letter of intent for diversification into auto electricals was received and approval for the import of capital goods was also obtained.

Sales turnover registered only 7.3% growth due to recessionary trend. Both commercial vehicle and tractor production dropped.

19,02,573 bonus equity shares were issued in prop. 1:1.

Under the modernisation programme, the company added a number of new machines both at the Bangalore and Nasik factories. Also a fourth generation on-line computer facility was installed at the Bangalore factory.

The Government of India approved the enhancement of the licenced capacity of multicylinder pumps and nozzle holders to 2,65,500 nos. and 24,80,000 nos. respectively.

A letter of intent was received for the manufacture of additional 165,000 elements and 215,000 delivery valves for meeting export orders.

Also, a letter of intent was received for the manufacture of additional 120,00,000 each of elements and delivery valves to cater to spares market.

The Company was awarded the status of Trading House.

Improvement in communication facilities had been effected through modernisation of telephone and telex equipment.

A `Cold Start' facility enabling testing of engine at temperature as low as -20oc was added to the unit. The Centre was appointed as a Bosch Global Development Centre with the global responsibility for design and development of small single cylinder pumps for the entire Bosch Group. The centre had already developed a new type of single-cylinder pump for vehicular and stationery applications.

The market for single-cylinder pump remained sluggish due to shortage of pig iron, credit squeeze etc.

Approvals were received to increase production of fuel injection equipment and parts thereof, for spark plugs at Naganathapura and Nozzle at Nasik factory.

Technical collaboration agreements were entered into for the manufacture of fine horning machines and super finishing machines.

Sales of the original equipment were adversely affected due to recessionary trends in the automobile sector.

The Company introduced certain new items such as halogen bulbs, ignition cells, horns, voltage regulators, cluth plates and clutch cover assemblies for the automobile sector.

A technical collaboration agreement was entered into with Witzig and Frank Turnatic GmbH for the mechanical machining systems.

Another agreement was entered into with Robert Bosch GmbH, West Germany for the manufacture of bag form fill and sealing machines It was also planned to manufacture portable electric power tools with technical collaboration from Robert Bosch GmbH.

The Company was awarded the ISO 9001 certification by the Technischer Ueberwachungs-Verein, Germany.

Sales, particularly in the commercial vehicle and the tractor sectors were affected due to continued recessionary trends in the automobile industry.

The Company introduced new automotive accessories such as stop-and-tail lamps, fog lamps, new varieties of horns.

In the All-India Skills Competition held by the Government of India, the MICO Vocational Centre received the "Best Establishment Award" for the 12th time.

Motor Industries Software Services Ltd. (MISSL) and Motor Industries Trading Ltd. (MITL), which became subsidiary companies from 25th July.

The Company has entered into a Memorandum of Understanding with the Government of Rajasthan to set up facilities near Jaipur for the manufacture of auto ancillaries/auto components including Fuel Injection Equipment.

Dr. Wolfgang Hugo and Dr. Eberhard Baltin retired from the Board as Director with effect from 17th June.

Dr. Hermann Eisele whilst continuing on the Board, ceased to be Chairman from 18th June, and Mr. Hubert Zimmerer was elected in his stead. The Board acknowledges the contribution of Dr. Eisele as Chairman and welcomes Mr. Zimmerer as Director and Chairman of the

Board.

The Company launched the state-of-the-art Blaupunkt range of car audio systems in June.

All the three plants of the Company at Bangalore, Nashik and Naganathapura have been awarded the QS 9000 certificate by TUV, Essen.

Dr. H. Bertling was redesignated as Managing Director and Mr. J.L. Pasricha and Mr. D. Schalomon were redesignated as Joint Managing Directors with effect from 19th September.

The Company has become a market leader for Electrical Power Tools and accessories.

In 1997 and 1998, three apprentices trained at the Nashik plant won silver medals at the Regional Skills competition.

The Company is proposed to revive the offer for buy back of up to 200,000 No. of equity shares at Rs. 4,200 per equity share.

Dr. H. Eisele retired from the Board with effect from 24th June.

The appointment of Mr. Nobis as Joint Managing Director from 17th December.

Andreas Nobis has been appointed as the new Managing Director of Motor Industries Co. Ltd. with effect from 1st July.

Due to a deprecssion in the automobile sector, MICO is introducing a five-day working week in its plant, with the drop in sales to original equipment manufacturers.

The Company has decided to introduce a five-day working week in its Bangalore plant with immediate effect, due to low demand from its customers in the tractor and commercial vehicle industry.

Motor Industries Co. (MICO) has received the approval of shareholders to buyback upto 2 lakh shares from the existing shareholders.

The Company has approved and recommended to shareholders for their approval to buyback up to 2,00,000 No. of equity shares of the company from existing shareholders on a proportionate basis through Tender offer or from the open market aggregate not exceeding 5.55% of the existing paid-up equity capital of the company to be financed out of the free reserves of the company, at a maximum price not exceeding Rs. 4000/- per equity shares such that the aggregate consideration for the shares bought back do not exceed 25% of the capital and free reserves of the company.

M Lakshminaryan has been appointed as the new joint managing director of Mico with effect from 1st October.

The Company has fixed the price for buyback of equity shares of the company at Rs. 3800/- per equity shares.

MICO, the automotive ancillary company, has decided to suspend work for five days from June 18. The company, in an official announcement on June 13, said the adverse business situation and curtailment of orders by customers had necessitated this step.

Motor Industries Company Ltd., has postponed its investment worth Rs.250cr because of delay in implementing Euro II emission norms in the country.

MICO has completed its buyback programme of 200,000 equity shares for the total cost of Rs.50cr.

MICO Launched India's first Bosch Car Services Workshop(BCSW) in Delhi and has entered into car servicing business.

Nearly 5% of MICO's workforce opted for an early voluntary retirement scheme.

Motor Industries Company Ltd has launched new range of products consisting of in-car multimedia systems, the San Fransisco CD-70, in-car MP3 player and "velocity" range of amplifiers,speakers and sub-woofers.

The Industrial Equipment Division, MICO-Bosch Division has developed endurance testing equipment for Timken.

MICO Ltd has informed BSE that the MICO Bangalore Plant will have a 5-day working week.

MICO Board has appointed Dr.Albert Hieronimus as Additional Director and Managing Director of the company.

Mico Employees Association has gone on an indefinite strike for an inconclusive talks with the management.

Motor Industries Company Ltd has informed that Company's Spark Plug manufacturing activitiy at Naganathapura works has been discontinued.

Bosch Security Systems launched Network Video Solutions, a Video Solutions, a video surveillance system that allows remote monitoring over IP (Internet Protocol) networks.

Bosch rolls out new surveillance system

Bosch begins assembling user-specific tools in Bangalore

Bosch declared as best stall in Bangalore's IT.Com

Bosch moves production of key products to MICO plants in India

Mico launches 30 millionth PF pump

MICO & Bosch form joint venture with MANN+HUMMEL for filter production

Overdrive–Auto Monitor Award – ‘Auto component manufacturer of the year’

All new MICO products to bring under Bosch brand

MICO-Bosch to provide CRDi systems to Suzuki

MICO to launch CRDi in early 2007

NDTV Profit Car India Award – ‘Safety & Technology Award’

MICO receives star performer award EEPC Award – ‘Star Performer for outstanding export performance’

Bosch acquires 9.2pc more stake in Mico

CNBC-TV18 Autocar Auto Award – ‘Auto Component manufacturer of the year’

NDTV Profit Car & Bike Award 2007 – ‘Automotive Technology of the year'

Company name has been changed from Motor Industries Company Ltd to Bosch Ltd.

Business Standard Award ‘Star MNC of the year’

DHL - CNBC TV18 International Trade Award -Bosch won this honor in the category of auto component industry, for doing extremely well in exports through its low-cost solutions. The award recognizes the company’s commitment and innovations that address the needs of the Indian market, and keep Brand India alive.

UTVi Autocar Award

Bosch and Mahindra & Mahindra won the ‘Best Innovation of the Year’ UTVi Autocar Award. The award recognizes Bosch innovation start/stop system which contributes to fuel efficiency at a very reasonable cost. The Mahindra Bolero Micro Hybrid is the first vehicle in India to integrate this technology in their new car

NDTV Car & Bike Award - ‘Automotive technology of the year’

This accolade recognizes the contributions made by Bosch in India, for localizing ABS (Antilock Braking System) production. Bosch is the only automotive supplier to manufacture ABS in India for passenger cars and light commercial vehicles. ABS is crucial to safety while driving, as it makes braking safer, by preventing the wheels from locking.

Bosch Wins Car & Bike” Award 2011

Bosch Limited wins Car & Bike Award 2012

Bosch India and WABCO INDIA organize ‘SAFETY DRIVE’ symposium to promote vehicle safety

Bosch Power Tools sets up India’s first DIY Square in Bengaluru

Bosch Electrical Drives India inaugurates new plant in Chennai

Bosch Software Innovations introduces software suite in Asia-Pacific

Bosch Limited launches ‘Energy and Building Solutions’ business in India

Bosch and Klenzaids plan joint venture in India. Expansion of activities within pharmaceutical sector

Bosch receives the prestigious InterSolar award

Bosch Ltd has formally inaugurated a two-acre power tools plant at Oragadam near Chennai

Bosch India wins InterSolar Award 2015

Bosch signs MoU with the Indian Institute of Science, Bangalore Industry-academia collaboration key to innovation

Bosch inaugurates first office in Colombo, Sri Lanka

Bosch: Prime Minister Modi and Chancellor Merkel visit facilities in Bangalore

Bosch commissions 12 MW solar project for Cochin International Airport Limited (CIAL)

Bosch completes acquisition of Siemens’s share in BSH Bosch und Siemens Hausgeräte GmbH

Bosch India launches start-up accelerator program

High level state government delegates visit Bosch India’s Packaging Technology facility

Bosch mobility solutions for the Indian market

Bosch Introduces ‘Heavy Duty’ Professional Power Tools Delivering Reliability and World Class Performance

Bosch invests in the up-skilling of India's human capital for sustained social growth

Bosch India improves the business continuity of the start-up ecosystem

Bosch India develops smart air monitoring solution for the 21st century

Bosch showcases the path to road safety in India at the SAFE ROADS India Summit 2017

Bosch is putting electromobility on Indian streets

Bosch Power Tools India, the first to file Bill of Entry at Indian Customs post GST

Bosch India strengthens its smart solutions portfolio beyond mobility

Bosch continues to invest in dedicated motorcycle and powersports technologies, aiming at becoming the market leader

Bosch Limited inaugurates its expanded Bidadi plant

Bosch india supports India’s skilling agenda with new development center in Bangalore

Bosch india breathes life into Shyanumangala Lake in Bidadi

Bosch india inaugurates fully automated production lines for protective face masks in India

Bosch india celebrates 100 years of Bosch Car Service

Bosch Limited steps into 2021 as a Great Place to Work - Certified

Mahindra XUV700 AdrenoX Connected Capabilities, enabled by Bosch

Bosch Limited, a leading provider of technology has inaugurated a sales liaison office in Naxal, Nepal.

Bosch India inaugurates its first smart campus called Spark.NXT in Bengaluru,

Bosch and Ultraviolette collaborate to launch India’s first electric two-wheeler with dual channel ABS.