| The Company was originally incorporated on 24-07-91 as a Private Limited Company under the name of ANG EXPORTS PVT. LIMITED and was converted into a Public Limited Company upon passing a Special Resolution by the members in the Extraordinary General Meeting held on 29-10-94 by obtaining a Fresh Certificate of Incorporation dated 02-12-1994 from the Registrar of Companies, National Capital Territory of Delhi & Haryana, New Delhi.
The Company has been manufacturing and exporting auto components of Air Brake Systems of Trucks and Trailers namely; Brake Rollers and Pins and also Hot Forged Bolts to some of the USA based Companies viz, SIRCO Industries Inc., Reynolds Fasteners Inc., Omni Inc., which are amongst the leading distributors and suppliers of auto components in CE segment and the replacement market.
Soon after incorporation, the company, as merchant exporter, started exporting the auto components and other engineering items by purchasing the same from vendors to some of the USA based companies. Subsequently, the Company had set up a unit in a licensed premises at 90, Okhla Industrial Estate, New Delhi - 20 (under licence agreement from M/s. Allied Fasteners Pvt. Ltd. the original allottees.) for the manufacture and export of auto components namely; Brake Rollers & Pins and also Hot Forged Bolts and commenced Commercial production of Hot Forged Bolts in May 1993 and of Brake Rollers/Pins in August 1993. These cmponents were engineered in-house by the company as per the required standards and specifications of the overseas buyers.
The company has entered into an agreement on 15-03-1993 with M/s. Swan Consultants, USA by appointing them as Marketing Consultant to identify and procure Export orders for the Company from USA in engineering items. Since then, the company has been exporting Brake Rollers & Pins and Hot Forged Bolts to the USA based companies as stated above alter their acceptance of the quality of the products.
The company had discontinued the manufacture of Hot Forged Bolts in May 1994 due to shortage of space in the existing licensed factory premises and with a view to concentrate on the smooth production of Brake Rollers & Pins which had a higher demand from the overseas buyers. However, the company continues to procure Hot Forged Bolts from vendors on job work basis by supplying the raw material (steel rounds) and packing the same at their own facility for export in order to maintain its presence in the export market.
There was no adverse event affecting the operations of the company such as, shut down of plant on account of labour disputes, pollution control problems and utility supplies etc. since commencement of commercial production.
The company already has orders on hand worth about Rs.53O.00 lacs for export of Brake Rollers/Pins. Hot Forged Bolts and Hitch Bolls from USA based companies as detailed hereunder:-
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Name of the Company Order worth Products
US $
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1. M/s SIRCO Industries Inc., USA 1,414,923.00 Rollers & Pins
2. M/s Euclid Industries, USA 57,600.00 - do -
3. M/s Porteous Fasteners, USA 32,222.70 Bolts
4. M/s OMNI Inc., USA. 120.000.00 Hitch Balls
5. M/s Bremick Pty Ltd., Australia 76,587.00 Bolts
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The Company has now proposed an expansion project for the production of auto components namely; Brake Rollers & Pins already manufactured and exported by it and also to take up manufacture of additional items of auto components such as slack adjusters of brake systems, brake S-Cam shafts, machined hitch balls and hot forged bolts at NOIDA, (U.P.).
2005
-The Company's New Plant situated at Noida Special Economic Zone (NSEZ), for assembling of Automatic Slack Adjusters has started commercial production.
-ANG Exports has entered into a Collaboration Agreement with M/s Guangdong Fuwa Engineering Manufacturing Company Ltd
2006
-Company has changed its name from ANG Exports Ltd. to ANG Auto Ltd.
-ANG Exports enters into MOU with FUWA Engineering, China
-ANG Auto enters into Technical Collaboration with Shanghai Fulangji
-ANG Auto enters into Strategic Tie-up with Ashok Leyland
-ANG Auto enters into definitive agreement with Carl Stover to form Joint Venture
2007
-ANG Auto Ltd has informed that Patent No. US 7,198,138 B2 has been granted to the Company for the Automatic Slack Adjuster, by United State Patent & Trade Mark Office,
-ANG Auto has designed E-mail ID for Investor's Complaints: rmalik@anggroup.biz
2009
-ANG Auto Ltd and TowerWorx USA have entered into a Joint Venture to produce and market Mobile Towers solutions in India. ANG Auto Ltd and TowerWorx USA have a 50% stake in the new Company known as Towerworx India (P) Ltd.
2010
-Company has changed its name from ANG Auto Ltd. to ANG Industries Ltd.
-Ang Auto has received an order of Rs. 33.37 crores from L & T MHI- Boilers Pvt. Ltd.
2013
-Mr. A.K. Gupta has been appointed as a Additional Non-Executive / Independent director of the Company.
2014
-ANG Industries bagged order worth Rs 150crore.
2016
-ANG Industries bags Rs 22.5 crores order
-ANG Industries Ltd has informed that the Corporate office of the Company has shifted from 90, Okhla Industrial Estate, Phase-Ill, New Delhi, to the following address : 101-106 PLOT NO. 42,
3-LOCAL SHOPPING COMPLEX (LSC), SHARDA CHAMBER IV, KALKAJI, NEW DELHI-110019
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