G S Auto International Ltd share Price

G S Auto International Ltd is one of the leading Automotive Fastening & Suspension Components Company in North India. The company is manufacturing Automotive Suspension and Fastening Components for Indian & International Passenger Cars, Utility Vehicles, Commercial Vehicles (LCVs, MCVs and HCVs), Multi-Axle Vehicles, Trailers and Specials Purpose Vehicles. Their manufacturing facility is located in major industrial township of Ludhiana in North India, spread over an area of 1 million square feet of covered area. The company offers machined parts, such as king pin set, spring pins, shackle bolts, check nuts, axle studs, U-bolts, and centre bolts; forged parts, including high, castle, hex, flange, and washer type nuts, as well as various bolts; and non-ferrous cast components comprising customized aluminum bronze parts of various sizes. The company also provides ductile iron cast components, consisting of spring hanger shackle/bracket, engine mounting, base plates, threaded rings, compressor mounting bracket, and castings in weight range of 1-20 kilograms; and trailer parts, such as full dressed trailer axles and leaf spring assemblies. The company is established leader in all their product segments. They develop components based on Customer`s Specifications and Drawings and also provide Designing solutions to their customers for enhanced product performance and improved quality. They have strong presence throughout India, with a network of over 500 Dealers, being looked-after by their strong and dedicated sales team, providing efficient support-services to their distributors and dealers throughout the country. The company sells their products in India, the United Kingdom, Germany, Holland, Malaysia, Saudi Arabia, Iran, the United Arab Emirates, the United States, Morocco, Egypt, the Philippines, Afghanistan, Singapore, Bahrain, Kuwait, and Kenya. They are the supplier of components to various Indian OEMs which includes Telco, Ashok Leyland, Volvo India Ltd, Mahindra & Mahindra, Delphi Automotive Systems Ltd, Maruti Udyog Ltd, Swaraj Mazda Ltd, Punjab Tractors Ltd, Eicher Motors Ltd and Hindustan Motors Ltd. G S Auto International Ltd was incorporated on June 29, 1973 as a private limited company with the name Gurmukh Singh & Sons Pvt Ltd. Originally, the company started their business activities during the year 1938. The company`s founder Baba Gurmukh Singh Ji began with manufacturing of Bicycle Components, which afterwards got diversified into manufacturing of Automotive Components for various motor vehicles. In the year 1973, the company was converted into a private limited company and was formally incorporated. In the year 1985, the company name was changed from Gurmukh Singh & Sons Pvt Ltd to G S Auto International Ltd. The company raised funds through public issue and got listed in `The Bombay Stock Exchange Ltd`, `The Delhi Stock Exchange Association Ltd`, `The Ludhiana Stock Exchange Association Ltd` and `The Ahmedabad Stock Exchange Association Ltd`. In March 1997, the company got ISO 9002 Certification from BVQI, UK. In December 1999, they received QS 9000 Certification from BVQI, U.K and in June 2003 BVQI, UK re-certified QS 9000 certification. In April 2005, the company was awarded ISO/TS 16949 Certification by BVQI, UK. During the year 2007-08, the company launched new products namely, `Axle Assembly`, `Trailor Parts` and `Rims` for commercial vehicles. During the year 2008-09, the company acquired 3 acres of land on 30 years leasehold basis, from Adityapur Industrial development authority at Jamshedpur, for setting up a manufacturing unit for the manufacture of auto components. The commencement of the commercial production at Jamshedpur will start in December 2010. With the commencement of the commercial production of this new unit, the company planned to double their casting capacity from their present level. This manufacturing unit will comprise state of the art technology for the manufacture of SGI casting as well as machined auto components with the use of latest world class manufacturing technology for the production of low cost and lower weight Auto Components for commercial & passenger vehicles. With the setting of this new Manufacturing unit at Jamshedpur, the company is also entering into passenger vehicle auto component sector. The company is in the process of major modernization cum automation program for their existing unit at Ludhiana with a total capex of Rs10 crore, which is expected to be completed by June 2011. The company is also planning to set up two new manufacturing units next year with a total investment of Rs 80 crore. The proposed units would have an auto parts production capacity of 1,000 tonne per month. Also, the company is planning to diversify geographically in different locations such as Lucknow, Pune, Uttarakhand, Jamshedpur and Gurgaon. With all the above said initiatives, the company is set to enter in the big orbit of Auto component Industry and further targeting a multifold increase in the turnover, by next three to four years.