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The Company History page lists out the major events in chronological order for Escorts Ltd.
| Company History - Escorts Ltd. |
| 1947 - After partition the Registered office of the Company was shifted fromLahore to New Delhi. The name of the Company was changed from Escorts(Agents) Pvt. Ltd., to Escorts Ltd. upon its conversion into a publiccompany. 1959 - The Company was Incorporated on 21st December, at Lahore. TheCompany manufactures motor cycles, tractors, automotive parts, railwayshock absorbers, agricultural implements, X-rays equipment, heatingelements, etc. - The Company has been functioning as a representative of well-knownforeign manufacturers like M.A.N. Company of the United States, MasseyFerguson of the United Kingdom and Canada and several others. - The Company has an all-round sales and service organisation and hasput up in conjunction with Garden Reach Workshops, Calcutta, a marineservice base for servicing ocean going vessels equipped with M.A.N.promulsion and auxiliary engines. The Company has a network ofall-India dealers for sale of products manufactured by itself and byits subsidiaries. - Capital structure reorganised. Equity and `A' Equity sharesconverted into one class of Rs 10 each. 200 Pref. shares weresubscribed for. 2,000 Pref. and 17,500 No. of Equity shares allottedto M/s. Mahle Komm-Ges, West Germany, against supply of machinery andtechnical know-how. The remaining shares issued as rights. The newpref. shares redeemable after 5 years from the date of issue at theCompany's option. 1960 - The Company commenced the manufacture of pistons and established atBahadurgarh, near Patiala, in collaboration with Mahle Komm-Ges BadConstatt, West Germany. - The Company undertook a phased expansion of the installed capacity ofpistons from 7,21,000 to 10,80,000 numbers per annum and the installedcapacity of piston pins from 6,60,000 to 9,90,000 numbers per annum. 1962 - The Company commenced commercial production of X-ray equipment,railway shock absorbers and heating equipments in technicalcollaboration with the Westinghouse Trading Co. (Asia) Ltd., New York,Eheimmetall GmbH, West Germany and Eltra K. G., West Germanyrespectively. 1965 - The Company entered into a technical collaboration agreement for themanufacture of transmission and gears for Escort tractors withMotoimport Warszawal, Poland, by outright purchase of drawings. - The Company acquired near its existing plant at Faridabad, an area of23 acres together with 55,000 sq. ft. of built-up space at a cost of Rs43 lakhs for scientific research activities. 1968 - 1,229 Pref. shares in 1968 and 336 Pref. shares in 1969 subscribedfor. In Dec. 1969, 580,608 Bonus Equity shares issued in prop. 1:4.25,000 9.5% `A' Pref. shares offered to public in Aug.1969 (redeemableon 15-8-1981). 1970 - 580,608 Right Equity shares issued at a premium of Rs 4 per share inthe proportion 1:5. 1973 - The Company undertook to set up a 100% export oriented unit for theproduction of X-ray equipment in the Santacruz project area, incollaboration with Compagnie General de Radiologie who brought overWestinghouse Manufacturing Company, under the name CGR India Ltd., wasincorporated 1974 - 17,41,824 Bonus Equity shares issued in the proportion 1:2. 1977 - 31,35,283 Bonus Equity shares issued on 31-12-1977 in prop. 3:5. 1978 - The following contracts were secured for execution (i) Farmimplements manufacturing plant, (ii) Bicycle assembly plant and (iii)Raw material sold to support PVC plant. 1979 - The Company concluded an agreement with Andhra Pradesh Scooters Ltd.,to produce Rajdoot motorcycles in their plants at Hyderabad fordistribution in Southern States. The Company was to undertake, in duecourse, production of scooters for Andhra Pradesh Scooters Ltd., fordistribution in Northern States. - 50,16,453 bonus equity shares issued in prop. 3:5. 1980 - A new tractor model Escort-345 was introduced in the first quarter ofthe year. 1981 - Towards the end of the year, Escort-355 tractor with three cylinderand 47 HP engine was introduced. 1985 - The Company commissioned a project for the manufacture of 1,50,000 -100 cc motor cycles per annum in technical collaboration with Yamaha ofJapan. - Other products proposed to be manufactured were paddy transplanters,a small size tractor in collaboration with Japan, boilers and otherequipment for collection of bio-mass from straw and other agriculturalwastes. - Government approval was obtained for a new range of road constructionmachinery i.e. paver finishers butimen distributors, aggregatespreaders, pavement profilers, etc. Approval was sought for themanufacture of vibratory compactors in collaboration with Dynapac ofSweden. - During July the Company issued 20,00,000-15% non-convertibledebentures of Rs 100 each for Rs 20 crores and offered them as rightsto its resident Indian equity shareholders. The Company allotted afurther 10,00,000-15% debentures to retain the excess subscription. Rs27.90 crores out of this issue of Rs 30 crores was utilised for workingcapital and the balance Rs 2.10 crores for normal capital expenditure. 1986 - The Company undertook expansion of the installed capacity of shockabsorbers to 15 lakh numbers, in technical collaboration with BilsteinAG of West Germany. The Company also introduced disk brakes for IndianRailways. - It was proposed to introduce tractors with engine capacity below1,800 cc for which excise duty exemption was announced. - The Company entered into a technical collaboration agreement withMercury Marine (Brunswick Group), U.S.A. for the manufacture of 24,000outboard motors per annum. - The Company established facilities for the manufacture of nearly5,000 line sets of electronic telephone exchanges (EPABX) incollaboration with Jeumant Schneider of France. - The Company proposed to manufacture the fuel efficient Citroen 2CV(6) car in collaboration with Citroen of France. - During February 15% secured redeemable debentures of the aggregatevalue of Rs 5 crores were privately placed with Army Group InsuranceFund. 1987 - During June the Company issued 10,00,000-12,5% fully convertibledebentures of Rs 350 each. Out of this, 3,00,000 debentures wereoffered to the existing equity shareholders of the Company as rights inproportion 1 Deb.: 71 No. of Equity shares (all were taken up). - Out of the remaining 7,00,000 debentures, the following debentureswere reserved for preferential allotment; (i) 50,000 debentures toemployees and working directors of the Company and (ii) 1,40,00debentures to non-resident Indians on repatriation basis. Theremaining 5,10,000 debentures, along with the unsubscribed portion of1,03,085 debentures were offered for public subscription during June. - Additional, 2,50,000 debentures were allotted to retain oversubscription. (75,000 debentures to equity shareholders of the Companyand 1,75,000 debentures to the public). - As per the terms of the issue, on 31st December, Rs 175 was convertedinto 5 fully paid-up equity shares of Rs 10 each at a premium of Rs 25per share and on 30th June, 1988, the remaining Rs 175 was convertedinto 5 fully paid-up equity shares of Rs 10 each at a premium of Rs 25per share. - 80,26,325 bonus equity shares issued in prop. 3:5 and were allottedon 30.3.1987. All Pref. shares redeemed on 30.11.1987. 62,50,000 No.of equity shares allotted (prem. Rs 25 per share) on 31.12.1987 inconversion of debentures. 1988 - 62,50,000 No. of Equity shares issued (prem. Rs 25/- per share) inconversion of 12.5% debentures. 1990 - The Company privately placed with financial institutions35,00,000-14% secured redeemable non-convertible debentures of Rs 100each. The debentures are redeemable in three equal instalments on theexpiry of the 6th, 7th and 8th years from the date of allotment of thedebentures. 1994 - The new products i.e., 3 cylinder engine tractor and a 50cc Mopedwere launched. 1995 - Escorts 40 H.P. and two models of Farmtrac, VIZ 50 and 60 H.P.tractors were introduced. The Company combined all synagestic productactivities in Escorts group of companies into independent andautonomous entities. - Escorts Tractors Ltd. was merged with the company effective 1stApril. The shareholders issued 3 equity shares of the company forevery two equity shares of erstwhile Escorts Tractors Ltd. Accordingly227,75,452 No. of equity shares of the company was allotted. - Escorts JCB Ltd., Escorts Class Ltd., Escorts Automotive Ltd.,Escorts Herion Ltd., Escorts Communications Ltd., Escorts ConstructionEquipment Ltd., Escorts Finance Investments & Leasing Ltd. are allsubsidiaries of the Company. - 27,04,226 No. of Equity shares (prem. Rs 130.17) allotted topromoters on conversion of warrants. 22,775,452 shares allotted toshareholders of erstwhile Escorts Tractors Ltd. 1996 - The Company proposed to set up a joint venture company with equityparticipation from Mahle GmbH (Germany). Piston manufacturing activityof the company was proposed to be transferred to the said joint venturecompany. - The Company has decided to form a joint venture to manufacture shockabsorbers. Company is at advanced stage of negotiations with M/s.COFAP of Brazil. - Company has decided to Spun off Escorts Hospital & Research Centreinto a seperate corporate entity. - The Escorts Employees Ancillaries Ltd. manufactures carburettorspresently catering to the needs of Rajdoot motorcycles. Morecomponents like nipples, spokes, etc., were being added with technicalknow-how from Japanese manufacturers. - 56,56,381 No. of equity shares allotted on conversion of warrants ata price of Rs 35 per share. 1,24,059 No. of equity shares allotted onconversion of warrants issued to the shareholders of erstwhile EscortsTractors Ltd. at a price of Rs 33.33 per share. 1997 - The Company undertook to set up a tractor plant with a capacity of18,000 tractors p.a. with a total cost of Rs 200 crores at Ranjangaonin Maharashtra. - The Company has entered into a joint venture with Carraro SPA ofItaly and promoted a joint venture company under the brand name CarraroIndia Ltd. to manufacture transmission to be used in its higher HPrange of tractors at a cost of Rs 110 crores. - 83,956 shares issued against warrants of erstwhile Escorts TractorsLtd. 28,17,456 No. of equity shares issued on conversion of warrants. - Escorts Ltd has recently entered into a joint venture agreement withYamaha Motor Co Ltd of Japan for setting up a new venture EscortsYamaha Motor Ltd (EYML) on the basis of equal participation in capital. - Escorts has also signed a 50:50 joint venture agreement with MahleGmbH of Germany to manufacture automotive and railway pistons, gudgeonpins. This venture would take over Escorts existing plant in Bangaloreand Patiala. - The Rs.2,900-crore Escorts group of companies is setting up aRs.250-crore industrial complex at Ranjangaon in Pune. - Hughes Escorts Communications (HECL) a joint venture between HughesNetwork Systems Inc (HNS) and Escorts, announced a tie-up withDatacraft RPG to market satellite based wide area communicationssolutions. Under the agreement, Datacraft RPG will be a marketingassociate, offering HECL's V-sat based communications network as partof the integrated solutions designed for its customers. - Escorts Ltd. transport and agri-equipment company, is exploring thepossibility of tying up with Yanmar of Japan for manufacturing highspeed paddy transplanters in India. - Escorts Yamaha Motor Ltd. (EYML), launched a brand new motorcycle,the RXZ. - Escorts Yamaha Motor Ltd (EYML), has been awarded the ISO-9001certificate by TUV Bayern for its manufacturing facility at Faridabad. - Carraro India Ltd, a 51:49 joint venture between the $200-millionCarraro SpA of Italy and the Rs 1,650 crore Escorts ltd, has tied upits entire debt with IFC Washington and Exim bank. 1998 - The company has signed an MoU with Long Manufacturing Inc. - Close on the heels of the introduction of sporty look Yamaha RXZ latelast year, SMM Escorts and Escorts Yamaha Motor Limited (EYML), thejoint venture between Escorts Limited and the Yamaha Company Limited ofJapan have launched yet another new model - Yamaha RX-135 - inMaharashtra. - Escorts Limited, the flagship company of the Rs.3,500 crore EscortsGroup, which is engaged in the manufacture of tractors, has signed anMoU (Memorandum of Understanding) with an American company at NorthCarolina to acquire 49 per cent equity worth $9 million. - Escorts Yamaha has launched Yamalube, a two-stroke motor oil,developed by Yamaha Motor Corporation, Japan. - The Company's turnover declined to Rs.1319.70 crores due to depressedmarket conditions. - The Company launched a new `Powertrac' range of tractors with vastlyimproved engine performance, fuel consumption and meeting the emissionnorms not only in the domestic markets but also complying with verystringent EPA norms prescribed in the USA and other overseas markets. - 10,96,672 No. of equity shares of Rs.10 each (prem. Rs.25 per share)allotted against detachable warrants. 30,00,000 No. of equity sharesallotted against warrants which were issued to the employees under ESOSon preferential basis. Another 70,505 No. of equity shares of Rs.10each (prem. Rs.25 per share) allotted against detachable warrants. 1999 - Escorts Ltd, the second largest tractor manufacturer in the country,is set to launch its new tractor, Farmtrack 45, in the US next monthafter a silent entry in the domestic markets in August last. - The fall in profits is mainly due to the labour strike which lastedfor 70 days and resulted in production loss. 2000 - The Company has approved the proposal to divest 24 per cent equity inEscorts Yahmaha Motor Ltd (EYML), a joint venture between Escorts Ltdand Yamaha Motor Co. (YMC), Japan, manufacturing a wide range ofmotorcycles in India for the domestic market and exports. - The Company has launched Esconet Services Limited. This company is a100% subsidiary of Escorts Limited. - The Company has launched its wheel type crop harvestor. - ICRA has downgraded the rating assigned to the Rs 75-crore NCDprogramme of Escorts Ltd. from `MAA' to `MAA+'. ICRA has retained the`A1+' assigned to the Rs 75-crore commercial paper programme of EL. - Yamaha Motor Escorts Ltd. the joint venture between Yamaha Motor Co.Ltd. of Japan and the Delhi-based Escorts group, has launched a new100cc four stroke motorcycle (Crux). - The Company will be launching tractors with higher horse power in therange of 60hp - Farmtrac 70 - by end of December, in a bid to push itsmarket share to over 22 per cent. 2001 - On June 13th Escort withdraws from Yamaha JV. Yamaha set to buy outEscorts share in their Indian joint venture, by June 30, Yamaha Indiabecomes the first 100% subsidiary in Asia for the Japanese motorcyclecompany. - The Rs 3,200-crore, Delhi-based Escorts Group has launched iServIndia Solutions Pvt Ltd, a wholly-owned subsidiary with services toaddress the demand for information technology (IT) infrastructurerelated corporate solutions. 2002 -Escorts Ltd on July 12, 2002 announced the divestment of its equity in Escorts JCB Ltd & Escorts Class Ltd in favour of its joint venture partners, J C Bamford UK and Claas (Germany) respectively. -Escorts Ltd has entered into an agreement to sell its entire 60% equity holding in Escorts Class Ltd for a consideration of 13.2 million Euros (approx. Rs.63 crs as per the current exchange rates). -Escorts Ltd has informed BSE that Mr Mantosh Sondhi, Director of the Company has expired on October 29, 2002. 2003 -Mr Jahar Sengupta, Director of the company expires. -Punjab Agro Industries Corporation signs a Memorandum with Escorts Ltd to undertake contract farming. -Escorts successfully implements Oracle e-biz suite to increase the effeciency. -The company entered into an agreement with UCO Bank, to provide 100 per cent finance to farmers buying tractors. -Escorts Ltd sells off its stake in Escorts JCB 2004 -Escorts Boards decides to sell holdings in mobile telecom subsidiaries to Idea Cellular -Escorts Ltd has informed that Mr. Anil Nanda has ceased to be Managing Director of the Company. He will, however, continue to be a Director and Vice Chairman of the Company. -Escorts Ltd has tied up with Bank of Baroda, Indo Farm Tractors & Motors Ltd to beef up agriculture lending - Anil Nanda, vice-chairman of Escorts and chairman of Goetze, makes foray into real estate business in which he is investing in his personal capacity. -Escorts has announced a tie-up with Castrol India for exclusive supply of engine oils for service refill as well as after market sales 2005 -Escorts wins $8.5-m tractor order from Ghana -Escorts Ltd has acquired its Polish joint venture partner, Farmtrac Tractors Europe -Escorts' US subsidiary teams up with SAME Deutz-Fahr Italia 2006 -Escort India is set to manufacture tractors in Bangladesh through a joint venture with the Nitol-Niloy group. 2007 -Nikhil Nanda takes Charge as Joint Managing Director. -Escorts launches E-mail Id for investor compliants. 2009 -Escorts Ltd. has signed a MOU with IFFCO, a multi-state Co-operative society. -Escorts Ltd flags off 'Jai Kisan Utsav', a pan-India initiative for the Indian farming community. 2010 -Escorts Ltd. launches FT-60 X-TRA Torque in Punjab and Haryana. -Escorts wins Indian tractor industry's largest ever order, awarded US$ 40 million order by Tanzania. 2011 -Escorts Ltd. signs exclusive agreement with European firm for disc brake system for railway coaches. -Escorts Ltd appoints S. Sridhar as Chief Executive Officer of Agri Machinery Group. -Escorts Ltd sponsors Tractor Styling and Design contest Farmtrac 2020. -Escorts Ltd launched its high end premium range of Farmtrac tractors at Sfax the commercial capital of Tunisia. -Escorts Ltd unveiled its 'Jai Kisan Series' of tractors in Punjab, Haryana, Rajasthan and Uttar Pradesh. 2012 -Escorts launches New Powertrac Ds-Plus Tractors in Hyderabad -Escorts ties up with Amul Industries for Mini Tractors. -Escorts launches India's first Executive Tractor. -Escorts Ltd announces appointment of Mr. Dipankar Ghosh as Head of Railway Products. 2013- Escorts Ltd. has appointed Nikhil Nanda as a Managing Director.- Escorts CIO wins top Information Security Award 14 June 2013- Escorts launches Crop Solutions, signs MoU with SBI 04 June 2013 2014- Escorts lanches most powerful & fuel efficient Tractors in Bangladesh- Escorts ranked 3rd fastest growing company in india by business world.- Escorts introduces Next Generation XP Series Engine.- Escorts own EEPC Excellence Award for Auto Exports 20 February 2014 2015-Escorts Ltd. - Escorts launches India's first Anti Lift Tractor-Escorts Ltd. - Escorts Partners With Cognizant to Digitally Transform its Businesses 2016- 'Escorts Ltd display strength in Europe and North America with launch of New 80 & 90 HP Farmtrac Tractors'. 2017-Escorts develops new products to make rail travel safer.-Escorts unveils latest global tractor series. |
Yamaha 135
| RX-A1070 | ||
|---|---|---|
| AV Receiver | ||
| Amplifier Section | Channel | 7.2 |
| Rated Output Power (1kHz, 2ch driven) | 120 W (8 ohms, 0.9% THD) | |
| Rated Output Power (20Hz-20kHz, 2ch driven) | 110 W (8 ohms, 0.06% THD) | |
| Maximum Effective Output Power (1kHz, 1ch driven) (JEITA) | 165 W (8 ohms, 10% THD) | |
| Dynamic Power / Ch (Front L/R, 8/6/4/2 ohms) | 135 / 165 / 210 / 280 W | |
| Surround Sound Processing | Cinema DSP | Yes (HD3) |
| DSP Programs | 24 | |
| Dialog Level Adjustment | Yes | |
| Virtual Presence Speaker | Yes | |
| Virtual Surround Back Speaker | Yes | |
| Dialogue Lift | Yes (no presence speakers required) | |
| SILENT Cinema / Virtual Cinema DSP | Yes (Virtual CINEMA FRONT) | |
| Dolby Atmos | Yes | |
| Dolby TrueHD | Yes | |
| Dolby Digital Plus | Yes | |
| Dolby Surround | Yes | |
| DTS:X | Yes | |
| DTS-HD Master Audio | Yes | |
| Audio Features | Pure Direct | Yes (with video on mode) |
| Compressed Music Enhancer | Yes | |
| High-resolution Music Enhancer | Yes | |
| YPAO Multi-point Measurement | Yes with R.S.C. (Reflected Sound Control) and 64-bit Precision EQ Calculation | |
| YPAO Volume | Yes | |
| Adaptive DRC (Dynamic Range Control) | Yes | |
| Initial Volume and Maximum Volume Setting | Yes | |
| A.R.T. Wedge | Yes | |
| Bi-amp Capability | Yes | |
| Audio Delay | Yes (0-500 ms) | |
| 192kHz / 24-bit DACs for all channels | Yes (ESS) | |
| Video Features | 4K Ultra HD Pass-through and Upscaling | Yes (4K / 60p, 4:4:4) |
| HDMI 3D Pass-through | Yes | |
| HDMI Audio Return Channel | Yes | |
| HDMI Upscaling | Yes (Analog to HDMI® / HDMI to HDMI) | |
| Deep Color / x.v.Color / 24Hz Refresh Rate / Auto Lip-Sync | Yes | |
| Extensive Connection | HDMI Input/Output | 8 / 2 (7 HDCP 2.2 inputs, HDR10 / Dolby Vision / HLG and BT.2020 compatible) |
| HDMI CEC | Yes (SCENE, Device Control) | |
| USB Input | USB Memory, Portable Audio Player | |
| Network Port | Yes | |
| Front AV Input | HDMI / USB / Analog Audio | |
| Digital Audio Input / Output: Optical | 3 / 0 | |
| Digital Audio Input / Output: Coaxial | 3 / 0 | |
| Analog Audio Input / Output | 9 (front 1) / 0 | |
| Composite Video Input / Output | 4 / 0 | |
| Preout | 7.2-ch | |
| Headphone Output | 1 | |
| Connectivity | Wi-Fi | Yes (with Wireless Direct) |
| AirPlay | Yes | |
| Bluetooth | Yes (SBC / AAC) | |
| Phono Input | Yes | |
| Component Video Input/Output | 2 / 0 | |
| Tuner Section | FM / AM Tuner | Yes |
| User Interface | On-Screen Display | Graphical User Interface |
| SCENE | SCENE PLUS (12 sets) | |
| App Control | Yes (iPhone / iPad / Android phone / tablet) | |
| Web Browser Control | Yes | |
| Remote Control Unit | Yes | |
| Zone Control | Zone 2 Audio Output | Preout / HDMI |
| Powered Zone | Zone 2 | |
| Zone Video Output | HDMI / Component / Composite | |
| Zone HDMI | Yes (HDMI Zone Switching) | |
| Zone B Output | HDMI | |
| RS-232C Interface | Yes | |
| +12V Trigger Output | 2 | |
| Remote (IR) Input/Output | 1 / 1 | |
| Party Mode | Yes | |
| General | Standby Power Consumption (IR only) | ≤0.1W |
| Auto Power Standby | Yes | |
| ECO Mode | Yes | |
| Dimensions (W x H x D) | 17-1/8' x 7-1/8' x 17-1/4' (with antenna up: 17-1/8' x 9-3/4' x 17-1/4') | |
| Weight | 32.8 lbs. |
