Bosch Chassis Systems India Limited
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BSE Code:
505185
NSE Code:
BOSCHCHASY
Business Profile
Business Profile
Bosch Chassis Systems India (BOSCHCHAS) is a leading manufacturer of hydraulic brakes in India for passenger cars, two wheelers, three wheelers and tractors. Formerly known as Kalyani Brakes, the company was incorporated in 1982 and is a subsidiary of Bosch (80% stake) in India. The chairman of the company is Peter Deihey and Satish Sekhri, the managing director.
The company`s business areas include actuation, foundation and modulation of the braking system. As a manufacturer of brakes for two-wheelers, three-wheelers, passenger cars, utility vehicles, light commercial vehicles and agriculture tractors, the company uses its system engineering capabilities to suggest the right kind of brake system for the OEMs. Products include all components for automobile hydraulic brake systems such as tandem master cylinder, front caliper assembly, rotors, rear brake assembly, wheel cylinder assembly, hubs etc.
Its plants are located in Jalgaon, Chakan, Manesar and Sitarganj. The facility in Chakan, Pune supplies brakes to foreign car manufacturers like Ford, GM and Hyundai. The company has a technical agreement with Japan Brake Industrial Co, Japan for brake shoe bonding technology. The company has acquired 40% interest in Precision Seals Manufacturing.
The company is ISO-9000, ISO-9001 and the QS-9000 certified. Growth has mainly been driven by brake equipment for two/three wheeler vehicles. The company is set to secure large volume supply contracts for braking systems from the global players entering the Indian market. It has formalized arrangements for local application engineering of advanced technologies and safety systems such as ABS and ESP advanced systems for domestic and exports requirements. Local manufacturing is likely to be undertaken by 2010.
The registered office is at Panchshil, Quadra 1, Magarpatta City Road, 238, Hadapsar, Pune-411028, Maharashtra.
Financials
Bosch Chassis Systems India registered a 10.2% growth in net profit to Rs 86.4 million for the quarter ended June 2007 from a profit of Rs 78.4 million for the quarter ended June 2006.
Net sales rose 21.55% to Rs 1,264 million for the quarter ended June 2007 from Rs 1,039.9 million for the quarter ended June 2006.
Total income rose 19.62% to Rs 1,306.8 million for the quarter ended June 2007 from Rs 1,092.5 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 4.2 for the quarter ended June 2007.
Recent Developments
07-MAY-07
Bosch Chassis Systems at the 25th annual general meeting (AGM) of the company held May 7, 2007 announced a bonus issue to the shareholders of the company in the ratio of 1:1 (one share for every share held) on the occasion of 25th anniversary of the company.
As a result, the company`s paid up share capital will increase from Rs 103.96 million to Rs 207.93 million.
02-JAN-06
Kalyani Brakes Ltd has informed that the name of the company has been changed from ``Kalyani Brakes Ltd`` to ``Bosch Chassis Systems India Ltd``.