History of Siemens Ltd.

1957

- The Comp. was incorported on 2nd March, as a private limited company under the name 'Siemens Engineering & Manufacturing Company of India Private Limited'.

- The Comp. Manufacture switchboards, switch gear, different types of motors upto 315 KW, assembly of railway signaling equipment, X-ray and other electromedical equipment, installation, testing & commissioning of electrical plant & equipment undertaking repair work of motors, generators, transformers, calorific & measuring instruments, certain household appliances & marine electrical equipment & selling of products manufactured by Comp. as well as those of its licensees.

- On 23rd March, the Comp. entered into a collaboration agreement with two foreign companies, viz., Siemens and Halske AG and Siemens-Schuckertwerke AG of West Germany.

- By an agreement dated 7th May, the Comp. took over with effect from 1st April, all the assets & liabilities of then existing 'Siemens Department' of Protos Engineering Comp. private Limited as a going concern.

- When the Comp. was incorporated at its repair shop, switchboard manufacture was being carried on at Worli, Mumbai.

1959

- The Comp. acquired at Calcutta a godown-cum-workshop for repairing electrical equipment. The Comp. undertook the manufacture of H.T. & L.T. switchboards, control boards & panels, etc., at this workshop.

1961

- The Comp. took over the East Asiatic Siemens-Reiniger-Werke AG as a going concern with the corresponding assets & liabilities.

- 500 shares allotted without payment in cash. 3,500 shares issued to promoters, directors, etc.

1962

- 1,000 No. of equity shares issued without payment in cash.

1965

- 7,000 No. of Equity shares issued - 3,770 to Siemens AG of West Germany. 3,230 to other members.

1966

- On 1st October, the name of Siemens and Halske AG was changed to Siemens AG & at the same time, it took over the manufacturing and business activities of Siemens-Schuckertswerke AG and Siemens-Reiniger-Werke AG, all the 6,120 No. of equity shares held by them in the capital of Comp. were transferred to Siemens Asia Investments AG of Zurich, Switzerland, which was a wholly owned subsidiary of Siemens Ag.

1967

- The name of Comp. was changed from Siemens Engineering & Manufacturing Co. of India Ltd., to Siemens India Ltd., with effect from 23rd October. The name of Comp. again changed from Siemens India Ltd., to Siemens Ltd., with effect from 31st March, 1987.

1970

- Siemens-Reiniger-Werke AG & Siemens-Schuckertwerke AG were merged with Siemens AG on 10th July & 30th July, respectively.

- Shares sub-divided. 12,00,000 shares issued at par in March 1971: 6,00,000 shares allotted to Siemens Asia Investment AG & 6,00,000 shares offered to public.

1974

- 24,00,000 Bonus shares issued in prop. 1:1.

1976

- 24,00,000 Bonus shares issued in prop. 1:2.

1981

- The Comp. offered for public subscription 5,00,000 - 13.5% second debentures of Rs 100 each during May. These debentures are redeemable during October 1992.

- The Comp. also issued 4,00,000 - 14% third debentures of Rs 100 each which are redeemable in three equal instalments on 6th, 7th, 8th year from 13th June, 1991, at premium of 5% payable during second installment.

- 36,00,000 Bonus shares issued in prop. 1:2.

1985

- A new Comp. under the name of Siemen Communication Systems Pvt. Ltd., was incorporated as a subsidiary of Comp. to undertake the manufacture of certain items of Telecommunication equipment for export purposes. Siemens Telecom limited is another subsidiary of Company.

1986

- 27,00,000 Bonus Equity shares in prop. 1:4 & allotted on 5.6.1987. 74,38,800 No. of equity shares then issued [prem. Rs 30 per shares] as follows:

- [is] 67,50,000 shares as rights in prop. 1:2 [only 65,29,497 shares takens];

- [iis] 3,37,512 shares to employees [all were taken ups] and

- [iiis] 3,51,288 shares to Siemens AG, West Germany other than as rights to maintain their equity holding at 51%. 49,703 additional shares allotted to employees out of unsubscribed rights quota to retain oversubscription. All these 72,68,000 shares allotted on 1.10.1987.

1987

- The Medical Engineering division installed five kidney stone crushers units known as `Lithostar' & a number of biplane angiograph equipments & a Gamma camera.

- The Comp. introduced for first time automatic warning systems for the Indian Railways. The Comp. developed low tension switchgear equipment compatible with electronic circuits.

- A software centre was established at the head office in Mumbai to cater to the software package requirements of control and automation systems & also to tap the export market.

1988

- Examination tables with new 800 MA high frequency generators coupled with image intensifier television systems were introduced in the market. The Comp. installed two more magnetic resonance units.

- The drives & projects division introduced in the market a new range of microprocessor-based digital D.C. Drives & energy optimizing A.C. Drives.

- The Medical Engineering division secured an order for the installation of all imaging equipments in the Manipal group of hospitals at Bangalore, Manipal & Mangalore.

- The Comp. issued 4,00,000 - 14% fourth debentures of Rs 100 each which are redeemable in one lot at a premium of 15% on 13th December, 1996.

1990

- The Comp. undertook a project to set up a plant at Waluj in Aurangabad district of Maharashtra for manufacture of switch gears and miniature circuit breakers.

- The Comp. proposed to set up a factory at Saltlec, Calcutta, for manufacture of public switching systems. The Comp. also proposed to manufacture Transmission equipments.

1991

- The new series of state-of-the-art-technology contractors and bi-relays were being introduced by Switchgear division at the Kalwa Works.

- The Motors, drives & automation division launched the microprocessor based & modular drives for machine tools & compact controllers. To protect the functioning of vital equipment in various industries, the division proposed to launch microprocessor based Digitalised Uninterruptible Power Supply Systems [UPSs] - the Siemens System 42.

- The Medical engineering division launched a mobile C-arm image intensifier system, saving valuable foreign exchange.

- The motors, drives & automation division launched the microprocessor based modular drives for AC & DC applications, microprocessor based digital uninterrupted power supply & micro PLC Simatic 90U.

- To enhance non-conventional sources of energy generation, the Company developed & supplied 250 KW windmill generators.

- The Medical Engineering division introduced a low cost mid-tier whole body scanner SOMATOMARC & a low field permanent magnet MRI system MAGNETOM p8. Also, developed a high frequency mobile X-ray Unit.

- WTL, undertook to manufacture Rural Automatic Exchange [RAXs] in Calcutta with technology from C-Dot.

- The name of Siemen Communication Systems Pvt. limited was changed to Siemens Information Systems, Ltd.

1993

- The Software centre [Siemens Communication Software Ltd.s] would be part of global R&D Centre for Public Communication Network Division of Siemens AG, Germany. The Nashik works was selected as the global manufacturing base for SIPART DR20 Digital Controller.

- In order to meet-stringent control requirements of chemical and petro-chemical industries, the Comp. introduced State-of-the-art advanced process control system at Nashik.

- The Comp. issued 69,22,666 No. of equity shares of Rs 10 each at a premium of Rs 125 per share on Rights basis in the proportion of 1:3. All were taken up.

- Another 3,46,104 No. of equity shares of Rs 10 each at a premium of Rs 125 per share were offered to the employees, etc. of Comp. and its Associate Companies. All were taken up.

- The Comp. issued 3,60,230 additional equity shares of Rs 10 each at a premium of Rs 125 per share to Siemens AG to maintain their 51% shareholding in the Comp. after the rights issued & issue to employees.

- 76,29,000 shares issued as rights equity shares.

1994

- The automation system division launched new products viz. Simatic S5-1154 a mid range hot standby PLC, the LS/Coros B WIN a windows system.

- The components division introduced new products such as same filters, film capacitors, ferrites into the entertainment field.

- The motors, drives & UPS systems division introduced Smallex UPS [upto 5 KVAs], single phase & mid range of UPS [upto 30 KVA three phase input & single phase output, a state-of-the-art & very compact drive micromaster to serve the entire market of drives & UPS in low voltage areas.

- The Medical Engineering division introduced a new mobile high frequency X-ray unit with Digital Technology SIMOX-D. The division was the first to introduce the heart catherisation equipment.

- The Comp. added a sophisticated flow solder machine & upgraded the test set up incorporating a number of automatic testing stations at Nasik. Also an enterprise wide IT system, the SAPR/3 was introduced.

- The Comp. through a joint venture with International Ferrites Ltd. with ACC, Siemens. Metsushita components GmbH and Co. KG & WEBEL proposed to manufacture soft ferrites in which the Comp. would be 10% equity partners in this project located at Kalyani.

- The Comp. entered into a MOU with M/s. Asia Chip Card, Singapore and Semiconductor Corp. limited to enter the smart card business.

1995

- The Automation system division introduced SITRANS range of transmitters, SIMATIC Pcs distributed Contrl Systems [DCSs] & the OXYMAT/ULTRAMAT range of gas analysis.

- The motors, drives & UPS Systems division introduced the latest generation of both AC and DC drives.

- The private communciation systems division introduced in India the latest version of Siemens AG private exchanges. The division introduced HICOM 100 KTS a fully digitized & ISDN telesystem.

- The Railway & Transport System Division proposed to introduce 3 - phase drive packages for diesel electric locomotives. The switch gear division commissioned SAPR3. New products such as high technology feature-packed, state-of-the-art equipments & systems i.e. large digital EPABXs microwave transreceivers, optical fibre cables and access products.

- Efforts were made to introduce new products & technologies such as wireless & fibre in subscriber loop, SDH ATM for long distance transmission network.

- The Company R&D unit developed mobile C-arm X-ray unit with high resolution image intensifier system type `Optimobile D' process controller SIPART-DR 20, Microprocessor Controlled current source inverter SIMOVERT-A, microprocessor controlled voltage source DC link converters for three phase AC Drives type SIMOVERT-P, net range power contractors & relays, Point Machine & motor for special machine tools type IPH-6.

- The Comp. has developed 24 KV out door vacuum circuit bracker, new series of ILA 8 motors & generators upto 710 KW for variable frequency drives, micro-processor based loco-energy meter to display all loco parameters to driver, stand alone PLC - MICRO 90, new generation of contactors, bi-metal relays & limit switches, new range of high frequency X-ray generators etc.

1996

- The Comp. suffered losses due to discontinuence of operations of the Telecommunications division, the cost of Voluntary Retirement Scheme, higher operating costs, lower capacity utilisation etc.

- The Comp. received necessary permission during the year to issue preference shares upto Rs 180 crores on private placement basis.

- Authorised capital increased. 50,000,000 pref. shares issued on private placement basis.

1997

- 57,000,000 10.5% pref. shares issued during the year.

- The Comp. proposes to transfer the Tool Room facility located at Kalwa Works, Thane, Maharashtra to a proposed 100% subsidiary company.

- The Comp. proposes to transfer Industrial elctronic equipment manufacturing facility at Nashik to another 100% subsidiary Comp. and Automotive Systems Division at Nashik to Siemens Automotive Systems Pvt. Ltd.

1998

- Siemens AG, Germany is the holding Comp. & holds 14,482,470 No. of Equity shares of Rs 10 each in the Comp. as on 30th September.

- Siemens Communication Software [SCSs], a division of SPCL, will also take away the part of software development associated with public communications business from Siemens Information Systems Ltd, a subsidiary of Siemens Ltd.

- Siemens Public Communications is a 70:30 joint venture between Siemens Germany & Siemens Ltd India.

- Siemens Telecom Ltd, a joint venture between Siemens & Bharti Telecom formally launched its Euroset & Emerald series of phones in Bangalore on 17th February.

- Siemens has set up a core team to network with the private operators as they being their rollout. The joint venture would be supplying to Bharti network in Madhya Pradesh & has got the trial from Essar for Punjab.

- IBM Global Services India, a joint venture between IBM & the Tatas, has entered into a services contract with Siemens to support the latter IT infrastructure in India.

- IBM & Siemens have entered into an IT partnership to support Siemens India infrastructure.

- The Comp. consolidated its position as a `Total Solution Provider' in Power Transmission & Distribution business by setting up a new manufacturing unit of High Voltage Circuit Breaker at Aurangabad.

- The Motion Control Group of Siemens AG has formed a technical collaboration with HMT for training & technical know-how to manufacture CNCs [Computer Numerical Controlss].

1999

- Electronic Hi-Tech Components limited [EHCs], has entered into a joint venture with California-based Siemens Solar Industries & set-up 1 mega watt [MWs] photo voltaic production facility at Nashik.

- Siemens Solar Industries [SSLs] holds 74 per cent stake while EHC, another Siemens subsidiary has picked-up 26 per cent in the joint venture.

- The Indian venture at Nashik will be the fifth joint venture of Siemens.

- A wholly owned subsidiary of Siemens, Germany with a 51 per cent equity stake, Siemens is in the business of automation, medical engineering, power generation, power transmission & distribution systems, switchgear & telecommunication systems.

- Siemens has set up Unisphere Solutions Inc along with these companies to target leadership in the converged voice & data & Internet networking solutions.

2000

- The Comp. launch of `total hotel solutions' for hospitality industry to cater to the growing needs of corporate travellers.

- Siemens launched its new line of information & communication solutions - Hicom 150 E Office & ESL8i - targeted at small & medium enterprises.

- The Comp. has launched its fifth round of voluntary retirement scheme in four years.

- Siemens has launched a new C-Arm-Multimobile 4C, a multi-use mobile image intensifier television system, in the domestic market.

- The Comp. & Brokat signed a MoU which will pave the way for millions of mobile phone users to conduct transactions with their mobile phones including purchasing products & services, paying bills, and even auctioning items.

- The private communications systems division of Siemens Ltd, has formed a strategic marketing alliance with the telecom giant ITI Ltd.

- The Comp. will be launching three new WAP enabled phones in the Indian market in July.

- Siemens Ltd has introduced the Multimobile 4C medical system that is a mobile image intensiffer television system. - Siemens Teleco Ltd the joint venture Comp. between Siemens & Bharati Telecom, has launched the sleek & compact hand cellphone Siemens C-28.

- Siemens & its India subsidiary has been permitted to take full control in VXL Landis and GYR, with Birla VXL choosing to opt out of the joint venture.

- The advanced engineering arm of Siemens, ATD-ITPS, has entered into an agreement with software Comp. Offsite Management Systems [OMSs] in order to jointly undertake the marketing & project engineering of chemical, oil & gas offsite automation systems. - Siemens has launched three WAP-enabled devices, C35i, M35i & S35i.

- The Comp. has informed that the Comp. is in the process of divesting its 51% holding in Siemens Telecom Ltd., in favour of Bharti Telecom Ltd., the other joint venture partner in STL.

- Dr. G. Wilhelm has resigned & D. K. Wucherer was appointed as a Director w.e.f October 1.

2001

- Siemens limited is launching the A35 mobile phone in the country.

- Siemens Information Systems Ltd, a wholly owned subsidiary of Siemens Ltd, signed a partnership contract with Avraham Goldratt Institute of USA [AGIs].

- Siemens received the approval of its shareholders to go ahead with a buyback of shares from the open market through the two premier stock exchanges.

- Siemens has announced the launch of two of its latest cell-phone models -- ME45 & S45 -- which feature EMS, the new industry standard for enhanced messaging, alongside a flexible memory capability and GPRS.

2002

- Siemens Ltd has informed that Mr. S.K. Thackersey has ceased to be a Director of Comp. with effect from January 17, 2002

2003

-Mr. P.M Champi has been appointed as the Director of company.

-Siemens Mobile Acceleration, a subsidiary of Siemens Information & Communication Mobile Group has tied up with Contests2win India [c2ws].

-Mr Prashanth Doshi has been appointed as Officiating Compliance Officer of company in the absence of Mr. Ashok P Jangid.

-Siemens Ltd has introduced new mobile with low prices of Rs.5000 in an attempt to acquire lower market segment.

-The Energy group of Siemens segment has bagged the order of supplying two gas turbines to the Konaseema Power project in Andhra Pradesh.

-Appointed Mr Deepak S Parekh as an Additional Director of Comp. .

-Yashoda acquire cath lab from Siemens

-Siemens bags order worth Rs 4830 million from the Ministry of Railways

2004

-Siemens launches total imaging matrix technology

-Ties up with State Bank of India for financing the purchase of medical equipments made by company

-Siemens shares delisted from Delhi Stock Exc

-Bosch inks pact with Siemens to roll out refrigerators

-Siemens announced a strategic alliance with Aethra Telecomunicazioni, Italy to offer a range of video & audio conferencing solutions in India

-Siemens sets up Liaison Office in Colombo -Siemens unveils three water & dust-resistant mobile handset models. The M65 & C65 models are priced at Rs 18,000 & Rs 9,000 respectively. The third S65 at Rs 21,000 will be available soon in the Indian market.

-Siemens enhances ties with Enterasys on February 17, 2005

2005

-Siemens secures contracts over Rs 2500 mn

2006

-Siemens in alliance with Huawei-3Com to offer high performance networks to Indian enterprises

-Siemens Ltd has announced that Mr Harminder Singh, Director of Comp. passed away on December 06, 2006.

2007

-Siemens Ltd has informed that Mr Vijay Paranjape, Executive Vice President and Head of Automation and Drives Division of Comp. & Mr Vilas B Parulekar, Executive Vice President and Head of Transportation Systems Division of Comp. have been appointed as the Additional Directors w.e.f. February 01, 2007

-Siemens Ltd on April 23, 2007 has announced that it will acquire a 77% stake in iMetrex Technologies limited Based in Chennai, iMetrex is a leading provider of products & solutions in the areas of electronic security, safety & building automation systems.

-Siemens Ltd appointed Dr. Armin Bruck as the Managing Director of Company, effective January 01, 2008.

2008

-The Comp. has issued Bonus Shares in the Ratio of 1:1.