Kross Ltd Share Price

History of Kross Ltd

Kross Limited was erstwhile incorporated as 'Kross Manufacturers (India) Private Limited', as a Private Limited Company vide Certificate of Incorporation dated May 9, 1991, issued by the Registrar of Companies, Bihar at Patna. Thereafter, the name of Company was changed from 'Kross Manufacturers (India) Private Limited' to 'Kross Private Limited' dated September 26, 2016. Again, the name of Company was changed upon conversion from a Private Limited Company 'Kross Private Limited', to Public Limited Company 'Kross Limited' and a fresh Certificate of Incorporation issued by the Registrar of Companies Jharkhand at Ranchi dated January 17, 2017. Kross is a diversified player in manufacturing and supply of trailer axle and suspension assembly and a diverse range of forged and precision mach ...ined high performance safety critical parts for medium and heavy commercial vehicles (M&HCV) and farm equipment segments. The Company supplied their first product, joint cross to Tata Engineering and Locomotive Company Limited (Telco Limited) in 1997. Later, in 2001, it diversified and expanded the business into tractor components and started working with TAFE. Further, it started working with Ashok Leyland by launching output flanges in 2006. In 2008, it installed Upsetter Forging Equipment (4' & 5') and started manufacturing of axle shafts for Tata Motors. Thereafter, it installed the Press Forging Equipment by installing 2500 and 2000 tonnes mechanical press during that period. In 2014, the Company started business operations for rockshafts with International Tractors Limited. It launched Spider Bevel Gears for TAFE in 2016; commissioned a New manufacturing Unit 4 Facility Anti-Roll Bar and Stabilizer Bar for OEM's in 2018. In 2019, it diversified into Trailer Axle and Suspension assembly business. In 2022, it set up foundry Unit-5, a high pressure mould line along with its machine shop. The Company launched an initial public offer by issuing 2,08,33,332 equity shares of face value Rs 5 each by raising funds aggregating to Rs 500 Cr, comprising a fresh issue of 10,416,666 equity shares aggregating to Rs 250 Cr and 10,416,666 equity shares aggregating to Rs 250 Cr through offer for sale in September, 2024. The Company enhanced the production by the launch of Axle Beam Extrusion technology and setting up of Seamless Tube Plant in FY 2025. It has launched new 18-ton axle and 20-ton and 13-ton suspensions and car carrier axles, with further product expansion.