294.60 0.10(0.03%)
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Igarashi Motors India Limited incorporated in January, 1992 is engaged in the production and export of Permanent Magnet DC Motors for Powertrain and seat applications and motor accessories for the automotive sector.The company came out with a Rs 2.77-cr public issue in Jan.'94 to part-finance a 100% EOU to manufacture permanent magnet DC micro motors. Total project cost was at Rs 10 cr. The Company commenced its journey as a humble contract manufacturer in 1996. Since then, it has populated over 500 million DC motors for usage in actuator applications in passenger cars. Today, the Company is recognised as a leading global automotive component market player in Actuator Motors. The Company had populated over 750K BLDC Motors for ceiling fan applications.During 1997-98, the company has expanded capacity of Rotors by 1.5 million nos there by taking the capacity to 3.5 million nos and then to 6 million nos in 1998-99. The company was certified QS 9000 in November 1998 and the Quality System has been upgraded to conform to the latest edition of QS 9000 with effect from January 2000. During the year 2007-08, Company had promoted a Joint Venture viz., Bosch Electrical Drives India Private Limited in India along with Robert Bosch GmbH, Germany for developing, manufacturing and...