Brief history since inception
SML ISUZU LIMITED was incorporated in July 1983 as Swaraj Vehicles Limited to manufacture Light Commercial Vehicles (LCV) in the state of Punjab. It was the result of Government of India initiatives for installing the LCV unit in order to save the fuel consumption in the economy. Puf its customer base. The business came into existence in 1987 and has, since then, been a known name in its field. It stands located at M P Building, Zila Parishad Road, Golghar-273001.The business strives to make for a positive experience through its offerings. The accepted modes of payment such as Cash, Cheques make every business transaction easy and seamless, contributing to making the entire process even more effective.
Customer centricity is at the core of Kirti Enterprises in Golghar, Gorakhpur and it is this belief that has led the business to build long-term relationships. Ensuring a positive customer experience, making available goods and/or services that are of top-notch quality is given prime importance.
Major Milestones
2023
‘Vajra Van’ Special Application Vehicle for the Riots Control added to product mix. Changeover to OBD-II (BS6 Phase-II) vehicles successful.
2022
‘ecoMax LR’ bus facelift to GS Cabin.
2021
Global Series Dual Cabin Trucks Launched.
2020
Launch of Front Overhang Bus Range named “Hiroi” and successful all vehicles transition to BS6 compliance.
2018
New Truck Range "'Global Series" along with Telematics & Vehicle Tracking Solution: "SMLSaarthi" launched.
2017
New Trucks with a facelift launched.
2015
Vehicle Sales crossed 2,00,000 units.
2013
Launched Xm -Series Trucks & Buses .
2012
SML S7 Bus , Wheel Base -5100 mm , 50+1 Seater Launched.
BS-IV Complaint Engine Successfully Tested.
ISUZU FR1318 Luxury Bus , Wheel Base - 5400 mm Launched.
SML HG72 Truck GVW 7200 Kg Truck Launched.
SML HD19 Truck GVW 10250 Kg Truck Launched.
2011
Swaraj Mazda renamed as SML ISUZU LIMITED
2010
During the financial year 2009-10 company had issued 3,984,946 equity share of Rs. 10 each at a premium of Rs. 190 per share on rights basis to the Equity shareholders of the company in the ratio of 11 equity shares for every 50 Equity shares held on the record date and raised Rs. 7,969.89 lacs for financing of Expansion project, repayment of loan taken from Allahabad Bank (for Expansion Project) and for general corporate purposes.
2009
Sumitomo raised its stake in the Company to 53.5% by buying entire equity holding of Punjab Tractors Ltd. in the Company in January.
2008
Dividend rate maintained at 55% Highest-ever Profits in the history of the Company.
Launch of Ultra Luxury Buses in July.
2007
Dividend rate maintained at 55% Trial Production of Isuzu Bus LT134 taken up in July.
2006
Permission from Government for new manufacturing facilities at existing site obtained in January.Dividend rate lowered to 55% due profit decline Technical Assistance Agreement with Isuzu Motors signed in June. Aggregate vehicles sale crosses 1,00,000 in August. Construction of Buildings for vehicle expansion and new Bus Body Plant taken up in August.
2005
Cumulative sales crossed 86,000 vehicles.Bharat Stage-III emission norms complied (both diesel & CNG).Dividend enhanced to 75%.Punjab Tractors offloads 15% of equity stake in favour of Sumitomo Corporation, Japan in June.Mazda Motor Corporation offloads 15% of equity holding in favour of Sumitomo Corporation, Japan in August.
2004
Profit Before Tax for FY-2004 grows 44% to Rs. 324 Million.
Dividend enhanced to 70%.
2003
Profit Before Tax for FY-2003 grows 115% to Rs. 225 Million. Dividend enhanced to 45%.
2002
* Profit Before Tax for FY 2002 crosses Rs. 100 Million mark.
* Dividend raised to 25%.
2001
Cumulative sales crossed 50,000 vehicles.4 Wheel Drive Ambulance launched in March.Economy Truck ‘SARTAJ' launched in August.CNG Bus for NCR Delhi launched in October.Bharat Stage-II Emission Norms complied.
2000
Maiden Dividend declared @ 10%.Technical Assistance Agreement with Mazda extended upto October 2004.
1999
Bharat Stage-I Emission Norms complied.
1998
Complete wipe off of accumulated losses.
1997
Company ceases to be a Sick Industrial Company on the basis of positive net worth - 4 years ahead of BIFR Scheme projections.
1996
4-Wheel Drive Truck developed.
1995
BIFR approves Rehabilitation Scheme
1994
Declared a Sick Company under SICA (due to Rupee devaluation of 1991-93).
1993
Third Truck Model(Swaraj Mazda Premium) launched.
1992
Commencement of TruckSupplies to MOD. 500 vehicles supplied to defence.
1991
Transmission components indigenised
1990
In-house developed Second Truck Model(Swaraj Mazda Super) launched.
1989
In-house tooling for local production of chassis long member
1987
Introduction of indigenously developed bus
1986
Commercial Operation started.
1985
Project set up with a capacity of 5000 LCVs at capital outlay of Rs.20.0 crores. Equity of Rs. 10.5 crores was subscribed by | |||
|
|
| Rs. in Crores |
Punjab Tractors Ltd. | 29.0% |
| 3.04 |
Mazda Motor Corpn. Japan | 15.6% |
| 1.64 |
Sumitomo Corpn. Japan | 10.4% |
| 1.09 |
Public | 45.0% |
| 4.73 |
Trial Production and Test Marketing of Swaraj Mazda TruckWT-48, WT-49, WT-50 LCVs commence. | |||
Development of vendor base as per PMP approved by Govt. of India undertaken. | |||
1984
Joint Venture and Technical Assistance concluded between Punjab Tractor Ltd., Mazda Motor Corporation, Japan & Sumitomo Corporation, Japan . SVL renamed Swaraj Mazda Ltd.
1983
The Company was incorporated in July 1983 in the name of Swaraj Vehicles Limited.
