NELCO Ltd
NELCO Ltd Company History
NELCO is in the business of providing domestic satellite communication services to close user group (CUG) networks via Satellite System on non-exclusive basis within the territorial boundary of India under the VSAT, ISP and other Licenses.
1994
152,39,000 shares allotted to shareholders.
1994
1996
Signed a contract with Tata Housing to develop a commercial complex Nelco Plaza at Andheri. Nelco stands to gain close to Rs 100 crore from the project.
Enteres into a tie-up with General Electric Company (GE) of the US for the latest knowhow for drive and automation system in the metal industry.
1996
1999
NATIONAL Radio is dead. Long live Nelco. Replacing its registered name with its brand name recently is only the ostensible face of the change at this 57-year-old Tata company.
1999
2003
Signed a memorandum of understanding to develop, market and sell a range of hi-tech electronics-based systems to the Indian defence forces.
Dr. Ravi Gopinath has been appointed director on the Board with effect from August 19, 2003. Mr. K A Mahashur has been reappointed Whole-time Director of the Company designated as Executive Director for 5 years with effect from September 1, 2003.
Mr. R R Bhinge as an Additional Director of the Company w.e.f August 29, 2003.
2003
2004
Tatanet Broadband Wireless Pvt Ltd has become subsidiary of the company. Consequently the new name of that company is Tatanet Broadband Wireless Ltd.
2004
2006
Nelco Ltd has appointed Lt. Gen. Davinder Kumar (Retd) as an Additional Director of the Company effective November 17, 2006.
2006
2007
Nelco Ltd has appointed Mr. Prasad R Menon as an Additional Director of the Company effective July 20, 2007.
Nelco Ltd has appointed Mr. Shailendra Kumar Gupta as an Additional Director of the Company effective October 23, 2007.
2007
2008
Tatanet Customer Gulf Oil bags SAP ACE 2008 Award
2008
2009
Tatanet, Division of Nelco, Bags ONGC order worth Rs 42 crore for Satellite Connectivity.
The Board has recommended dividend of Rs. 0.60 p per share on the Equity Shares of Rs. 10/- each.
2009
2010
"Tatanet Partners with Compuware to Deliver World-class Application Performance Management to its Customers".
The Company recommended dividend of Rs. 2/- per share (including Re.1/- as dividend) on the equity shares of Rs. 10/- each.
2010
2011
The dividend of Rs. 2/- (including Re 1/- as special dividend) per equity share of Rs. 10/- each.
Registered Office of the Company has been shifted From Francysters Cybernetics Center, Eucharistic Congress Building no. III, 5, Convent Street, Colaba, Mumbai - 400001 To Nelco Limited MIDC, Plot no. EL 6, TTC Industrial Area, Electronics Zone, Mahape, Navi Mumbai - 400710
2011
2012
The Company has recommended a dividend of Rs. 0.5 per equity share of the face value of Rs. 10 each.
The Company appointed Mr. P. J. Nath as Manager.
The Company appointed Mr. S. K. Gupta as Independent Director of NELCO Ltd.
2012
2013
Mr. Ramesh Kapoor & Mr. K. Raghuraman has been appointed as a Independent Directors of the company.
2013
2014
Ms. Heema Hattangady has been appointed as Independent Director of the company.
2014
2020
Nelco and Telesat partner to bring advanced LEO satellite network to India.
2020
2021
Amalgamation amongst Nelco Ltd., Tatanet Services Ltd. and Nelco Network Products Ltd.
2021
