| The Company was incorporated on 15.09.1989 with the Registrar of Companies, Kerala at Cohin and obtained the Certificate of Commencement of Business on 08.11.1989.
KSIDC LTD,identified Switch Mode Power Supplies (SMPS) as a feasible project based on a preliminary study conducted by it and signed a Memorandum of Understanding with Mr. I V Vijayan, the main promoter for jointly promoting the idustrial venture. The Company applied for and obtained a Letter of Intent for the manufacture of 75,000 numbers of SMPS of various ranges per annum. The Company entered into a Memorandum of Understanding with M/s Tectrol Inc. Toronto, Canada, for technical and financial collaboration. On account of the financial and other internal problems of Tectrol Inc., the company backed out of the joint venture proposal.
The company later identified M/s Astec America Inc., who are the world`s largest vendor of merchant power supplies, as the technical collaborator and singed an MOU with them on 19th April 1993. Reserve Bank of India gave its approval for the collaboration vide letter no EC CO FITT 623/A-92/92/93 dated 2nd June 1993. The final agreement with Astec was executed on 3rd November 1993 for manufacturing license and technical collaboration for a range of SMPS upto 500w and foir exclusive distribution of Astec`s other products upto 3,000W in India, Bangladesh, Pakistan and Sri Lanka.
Present Business
The Comapny is int he process of setting up a unit for the manufacture of Switch Mode Power Supplies at Kandanadu in Ernakulam District, Kerala STate in technical collaboration with M/s Astec America Inc. The company expects to commence commercial production by September 1994.
2015
-Artech Power Pro - Shifting of Registered Office Bldg No.53/333E, Top Floor, Arven IVY Bldg., Opp. Reliance Fresh, Off. S. C. Bose Road, Vyttila, P.O. Cochin, Ernakulum, Kerala 682 019.
- The company has changed its name from Artech Power Products Ltd. to Artech Power & Trading Ltd.
|