Carraro India Limited was incorporated as 'Carraro India Private Limited' on April 11, 1997, as a Private Limited Company issued by the Registrar of Companies, Delhi. Pursuant to allotment of Equity Shares by the Company, the Board passed a resolution on September 30, 1997, wherein Company became a deemed public company, and the name was changed to 'Carraro India Limited' with effect from September 3, 1997, pursuant to a Certificate of Incorporation endorsed by the RoC, Delhi to that effect. Subsequently, the Company was re-converted into a Private Limited Company and the name was changed to 'Carraro India Private Limited', dated March 16, 2009 issued by the RoC. Subsequently, on the conversion of Company to a Public Limited Company, the Company name was changed to 'Carraro India Limited' and a fresh Certificate of Incorporation dated August 12, 2024 was issued by the RoC.
Promoter, Carraro S.p.A., is the parent company of the Carraro Group. The Company is engaged in manufacture of mechanical transmissions, clutches, hydraulic lifts and planetary drives, axles for agricultural tractors and construction equipment including components, parts and spares. The Company has its manufacturing facilities located in Ranjangaon at Pune.
Pursuant to Scheme of Amalgamation approved by the High Court at Judicature at Bombay vide its order dated August 28, 2014, Turbo Gears India Private Limited (TGIPL) , the fellow subsidiary got merged with the Company w.e.f. April 1, 2013. In term ...s of the said Scheme of of Amalgamation, erstwhile shareholders of Turbo Gears, namely, Carraro Drive Tech S.p.A. and Siap S.p.A., were allotted 0.06 Equity Shares bearing face value of Rs 10 each of the Company for every 1 fully paid-up equity share bearing face value of Rs 10 each held by such shareholder in Turbo Gears. Accordingly, 5,759,994 Equity Shares and 6 Equity Shares were allotted to Carraro Drive Tech S.p.A. and Siap S.p.A., respectively, as consideration for the amalgamation.
In 2016, the Company launched steering axle applicable for 4-WD vehicle; launched steering portal axle in 2022, and T135 transmission system launched in 2023. The Company acquired 99% shareholding in Carraro Technologies India Private Limited and it has become a subsidiary of the Company, with effect from June 28, 2024.
The Company came up with an IPO of 17,755,681 equity shares having the face value of Rs 10 each, by raising funds aggregating to Rs 1250 crore, via offer for sale in December, 2024.
Company launched the tele-boom handlers (TBHs) axle platform, developed for a leading global OEM, with initial exports commencing
in 2024-25. 5 new prototypes were developed during financial year 2024-25.
FAQs on Carraro India Ltd
1. Can I buy Carraro India Ltd from PL Capital? ›
Yes, you can invest in Carraro India Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Carraro India Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Carraro India Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Carraro India Ltd pay dividends? ›
Yes, Carraro India Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Carraro India Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Carraro India Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Carraro India Ltd. is ₹ 547.15 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Carraro India Ltd ? ›
The 52-week high and low of Carraro India Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
