Marshall Machines Ltd share Price

Marshall Machines Limited was incorporated as a private limited company with the name `V.B. Spinning Mills Private Limited` on May 23, 1994. Subsequently, the name of the company was changed from V.B. Spinning Mills Private Limited to Marshall Machines Private Limited.on January 02, 2002. Thereafter the control & management of the Company was completely taken over by Mr. Gaurav Sarup and Mr. Prashant Sarup in February 2002 along with their father Late Shri Gautam Sarup. Further, the name of the company was changed to Marshall Machines Limited pursuant to conversion into a public company on May 17, 2018. The Company is in the business of developing, manufacturing and marketing of Machine Tool Equipment. The business was originally founded by Mr. Gautam Sarup, who set up the business in the name and style of `Marshall Industries` more than 54 year ago to initially manufacture hosiery machines. In coming years, the business moved to design & manufacture of high precision Bench Lathes, Heavy Duty Lathes & Capstan Lathes. The firm became known brand in the design and manufacture of high precision bench lathes, heavy duty lathes & capstan lathes. It was amongst first Indian CNC Machine manufacturers and launched CNC Machines way back in 1998. In 1997, Marshall Industries entered into a technical tie-up with an American Company (M/s Path Wizard Inc.) to export the mechanical & basic electrical elements of CNC Lathes to U.S.A. In 1998, Marshall Industries launched CNC Lathes with Siemens/Fanuc CNC Controls in India during IMTEX-98 Exhibition held at New Delhi and has been manufacturing CNC Lathes since then. Later, Mr. Gautam Sarup was joined in the business by his sons, Gaurav Sarup & Prashant Sarup (`Promoters`). As a team, they grew the product range to include All Geared Lathes, Multi Spindle Drilling/Tapping Machines & Special Purpose Machines. On April 01, 2006, the Company took over the running business of M/s Marshall Industries on as and where basis. The consideration of takeover Rs. 55.73 lakhs to the proprietor, Mr. Gautam Sarup was settled by allotment of 340,000 equity shares of Rs. 10 each and balance Rs. 21.73 Lakhs was converted into unsecured loan.