JTEKT India Ltd Company History

Ffinalised joint ventures worth Rs. 100 crore with four multi national companies (MNC)

Ferodo UK based auto component giant has tied up with Sona Steering to manufacture asbestos free brake liners for automobiles and railways in India.

The company has signed a memorandum of understanding with Oberland Mangold of Germany to make metallic convertors.

Sona Steering System Ltd and Mitsubishi Materials Corporation entered into an agreement to produce level gears and synchroniser rings.

Sona group has been awarded the Global Growth Company award by World Link the magazine of the World Economic Forum.

Got orders from Maruti Udyog Ltd (MUL) and Hindustan Motors (HM) for supplying 100 per cent requirement of power steerings for their luxury cars.

Initiated a debt restructuring exercise aimed at reducing the company's debt-equity ratio from 0.83:1 at present to 0.45:1 within the next three years

The company has allotted 10 00 000 - 10 per cent cumulative redeemable preference shares of Rs.100 each to Koya Seiko Co. Ltd. (Koyo) on preferential basis to cash at Par redeemable upon the expiry of 7 years from the date of its allottment.

Obtained an order worth Rs 40 crore from its joint venture partner Koyo Seiko of Japan

Board Approves the delisting of the equity shares of the company from Delhi, Bangalore, Ahmedabad, Ludhiana and Calcutta Stock Exchanges.

The Surinder Kapur-controlled, Rs 365-crore Sona Group, has bagged export orders totalling over Rs 275 crore from its five group companies, which include four joint ventures

Sona Koyo Steering Systems opens 100 per cent EoU (export-oriented unit) on October 29,2004

Sona Koyo Steering Systems has given the Bonus in the Ratio of 1:1

Sona Koyo Steering Systems Ltd has appointed Mr. Noriyuki Fujita as Director of the Company with effect from January 18, 2008.

The Company has splits its face value from Rs2/- to Rs1/-.

The Board has recommended a dividend at the rate of 30% on Equity Shares of Rs. 1/- each.

Mr. Hiroyuki Miyazaki was appointed as Director of the Company.

Board has recommended a final dividend of Re. 0.65 per equity share of Re. 1/- each.

The Board have appointed Ms. Ramni Nirula as an additional Director of the Company.

The Board has recommended the final dividend for the year ended March 31, 2012 at the rate of 65% .

Sona Koyo Steering Systems Ltd has informed that the Board of Directors of the Company has recommended the dividend for the year ended March 31, 2013 at the rate of 65% on 19,87,41,832 nos. of Equity Shares of Re. 1/- each.

Sona Koyo Steering Systems Ltd has informed that the Board of Directors of the Company has recommended the dividend for the year ended March 31, 2014 at the rate of 80% on 19,87,41,832 nos. of Equity Shares of Re. 1/- each.

Sona Koyo Steering Systems Ltd has informed that Mr. Prasan Abhaykumar Firodia has been appointed as an Additional Director of the Company with effect from August 01, 2014.

Company name has changed to JTEKT India Ltd. from Sona Koyo Steering Systems Ltd.

Company commenced the commercial production of a new product in the Driveline Segment viz. Constant Velocity Joint.

JTEKT India Limited Amalgamated with JTEKT Fuji Kiko Automotive India Limited.