Semac Consultants Ltd
Semac Consultants Ltd Company History
Semac Consultants Engineering and Procurement contractors, general engineers, mechanical engineers, process engineers, civil engineers, general mechanical and civil contractors and enter into contracts and joint ventures in relation to and to erect, construct, supervise, maintain, alter, repair, pull down and restore, either alone or jointly with other companies or persons, works of all descriptions, including plants of all descriptions, factories, commercial buildings and spaces, warehouses, cold storage, mills, refineries, pipelines, gas works, electrical works, power plants, water works, water treatment plants, hospitals, mines and ports including airports and to undertake turnkey projects of every description and to undertake the supervision of any plant or factory and to invest in Companies carrying on the above business.
1977
The company was incorporated in the year 1977. The object of the company is to manufacture water well detailed and spares and accessories thereof and allied products etc. It was promoted by RMT Drill Private, Ltd.
1977
1980
200 No. of equity shares subscribed for by the signatories to the Memorandum. 5,120 Pref. and 1,59,800 No. of equity shares allotted without payment in cash to RMT Drill Pvt. Ltd.
(promoters). In April 1978, 14,880 Pref. and 4,40,000 No. of equity shares issued: 2,40,000 No. of equity shares reserved for allotment to Chicago Pneumatic Tool Co. New York, USA and balance offered for public subscription. Pref. shares redeemable after 12 years but before 15 years from the date of allotment.
1980
1983
In order to expand the product-range, the Company took up development of lighter water well drills.
1983
1985
The Company privately placed with UTI, 15% non-convertible debentures for a total value of Rs 75,00,000 to meet the working capital requirements.
1985
1986
In March 1986, 2,10,000 No. of equity shares offered at a prem. of Rs 10 per share of which 2,00,000 shares offered to the equity shareholders as rights in pro. 1:3 (all were taken up) and the balance of 10,000 shares offered to the employees of the company under Stock Option Scheme (only 2,450 shares taken up). The unsubscribed 7,550 shares of the employees' quota allowed to lapse.
1986
1987
8,02,450 bonus shares issued in prop. 1:1 during December 1987.
1987
1990
In order to meet the increased demand for drilling rig, the Company undertook an expansion of production and other facilities. This was commissioned during the first week of April 1992.
1990
2002
The Utkal Investments has acquired 40 % stake held by Atlas Copco group, in Revathi Equipments Ltd for Rs 29.95 crore.
2002
2004
The Coimbatore-based Revathi Equipment Ltd has invested in a windmill project in Rajasthan and entered into a long-term power purchase agreement (PPA) with the Rajasthan State Electricity Board for the sale of wind energy.
2004
2005
The company has entered into an agreement with Bucyrus International Inc., USA for manufacturing and selling drilling rigs.
2005
2006
Revathi Equipment Ltd has informed that the Company has acquired 26% in the equity capital of Monarch Catalyst Pvt Ltd, Mumbai, which is engaged in the manufacture of process technology catalyst, for a consider of Rs 62.40 million.
The Company has recommended a dividend of Rs 10/- per share.
2006
2007
Revathi Equipment Ltd has informed that the Company has acquired 40% stake in the equity share capital of M/s. Potential Service Consultants Pvt Ltd, Bangalore, a Company providing Engineering design solutions in the field of construction industry.
The Company has recommended a dividend of Rs.10/- per share.
2007
2008
The Company has recommended dividend of Rs 10/- per share.
The Company has acquired 70% in the equity capital of Semac Pvt Ltd, Bangalore, a Company providing Engineering design solutions for industrial / commercial and infrastructure constructions.
2008
2009
Revathi Equipment Ltd has informed BSE that the Company has additionally acquired 11% in the equity capital of Potential Service Consultants Pvt. Ltd., Bangalore, a Company providing Engineering design solutions in the field of construction industry.
2009
2010
REL commission new manufacturing facility.
The Company has acquired 20% in the equity capital of Satellier Holdings Inc, USA.
2010
2012
Mr. S Hariharan has been appointed as Whole-time Director of the Company.
2012
2014
Revathi Equipment Ltd Mr.M.Poongavanam and Mr.Kishore Sidhwani as been appointed as independent directors of the company.
2014
2023
Company name has changed to Semac Consultants Ltd. from Revathi Equipment Ltd..
2023
