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Company Information

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INDO FARM EQUIPMENT LTD.

01 February 2025 | 12:00

Industry >> Auto - Tractors

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ISIN No INE622H01018 BSE Code / NSE Code 544328 / INDOFARM Book Value (Rs.) 73.01 Face Value 10.00
Bookclosure 52Week High 293 EPS 3.21 P/E 61.66
Market Cap. 949.55 Cr. 52Week Low 171 P/BV / Div Yield (%) 2.71 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Our Company was originally incorporated as "Welcut Tools Private Limited" on October 05, 1994 at Chandigarh as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Punjab, H.P. & Chandigarh. Subsequently, the name of our Company was changed to "Welcut Industries Private Limited" vide special resolution passed by the shareholders of our Company in their meeting held on January 11, 1995 and a fresh Certificate of Incorporation consequent to the change of name was granted to our Company on February 21, 1995, by the Registrar of Companies, Punjab, H.P. & Chandigarh. Further, our Company was converted into Public Limited Company pursuant to special resolution passed by the shareholders of our Company in their meeting held on June 29, 1999 and the name of our Company was changed to "Indo Farm Equipment Limited" and a Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited dated July 05, 1999 was issued by Registrar of Companies, Punjab, H.P. & Chandigarh. Further, the name of our Company was changed to "Indo Farm Tractors & Motors Limited" vide special resolution passed by the shareholders of our Company in their meeting dated October 28, 2003 and as fresh Certificate of Incorporation was issued on October 30, 2003 by Registrar of Companies, Punjab, H.P. & Chandigarh. Thereafter, the name of our Company was changed to "Indo Farm Industries Limited" vide special resolution passed by the shareholders of our Company in their meeting dated December 03, 2007 and a fresh Certificate of Incorporation was issued dated December 18, 2007 by Assistant Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Subsequently, the name of our Company was changed to "Indo Farm Equipment Limited" vide special resolution passed by the shareholders of our Company in their meeting dated October 24, 2009 and a fresh Certificate of Incorporation was issued on November 04, 2009 by Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh.The Corporate Identification Number of our Company is U29219CH1994PLC015132.

Major Events:
2000
- Commencement of tractor production in Baddi, Himachal Pradesh with technical collaboration from Ursus, Poland.

2001
- Launched Indo farm's first tractor model 2050 DI.

2005
- Launched 3-series tractor range 3065DI, 3050DI, 3040DI and 3035DI.

2006
- Began exporting engine parts to Ursus, Poland.

2007
- Commenced production of our own Foundry division.
2008
- Exported generator engines to UK company, Lister Pitter. Accredited with an ISO 9001:2008 certified Company.

2009
- Commencement of production of Indo Power Green Gensets

2010
- Started Production of harvester combines and also launched 75HP and 90 HP tractors.

2011
- Initiated production of new generation crane model 16FN

2014
- Launched Indo Power Pick and Carry cranes with the capacity of 18 tons and 23 tons.

2015
- Initiated production of 26 HP 4x4 orchard tractors

2017
- Launched our own subsidiary, Barota Finance Limited NBFC, for providing hassle-free andquick finance to our esteemed customers.

2019
- Launched Indo power 30 FN crane.

2020
- Launch of Indo farm 20HP and 100HP tractor.

2021
- Launched 1026e tractor model for European market.

2022
- Launch of Indo 3055 DI HT and 3060.DI HT tractor.

2023
Launch of Indo farm 3055 NV PLUS, 3065DI, 3075DI IN BS-IV and Indo Power pick and carry cranes of FN series (15, 18, 20, 23 and 30 tonne capacity in 2-wheel drive and 4 wheel drive variants) in BS-IV.