(i) GKN Plc group company of GKN Driveline India
GKN Driveline (India) limited parent group company is GKN Plc. It has registered offices in the United Kingdom. GKN Plc is the leading automotive driveline technology and systems engineer. GKN Plc is a global partner to the automotive industry. More than 50% of the 80 million new cars sold every year contain GKN Automotive technology.
GKN has a global network of 54 production facilities in 23 countries that supply over 90% of the world’s car manufacturers. It’s 29,000 dedicated employees design, develop, manufacture, and integrate driveline technologies that add value to vehicle programs.
On 19.04.2018, Melrose Industries Plc became GKN’s new owners after the acquisition of GKN Plc by Melrose Industries Plc.
(ii) About GKN Driveline India
GKN Driveline (India) Limited was incorporated as Private Limited on July 25, 1985. The company’s name changed more than once and latest change was from GKN Driveshafts (India) Limited to GKN Driveline (India) Limited on July 3, 2003. The Company is having technical collaboration with GKN Driveline International GmbH, Germany since 2003 and under the collaboration agreement the Company draws various state of the art technologies from GKN.
The Group is primarily in the business of manufacturing and sale of driveshafts to original equipment manufacturers in the automobile industry.
The GKN Driveline (India) Limited maintains interaction with GKN Group internationally. The company continuously imports technology from GKN Group under the Technical Collaboration Agreement and the same is fully absorbed.
The company is receiving support and guidance from GKN Group to drive functional excellence in marketing, human resource, application engineering, supply management, and information technology, among others, which helps the Company to remain competitive and further step-up its overall business performance. GKN is committed to ensuring that the support in terms of new products, innovations, technologies, and services is commensurate with the needs of the Company and enables it to continue as a market leader.
(iii) Manufacturing Plants
GKN Driveline (India) Limited has five manufacturing plants. Two plants are in Haryana, one in Maharashtra, one in Tamilnadu, and one in Gujarat.
(iv) Clientele of the Company
GKN Driveline has impressive automotive industry leaders such as Toyota, Ford, Bajaj, Fiat, Honda, and Suzuki as its clients.
(v) Financial Performance
In the Financial year ended March 31, 2019, the Company made a net turnover of INR 1077 Cr and profit before tax of INR 50 Cr.
In the financial year ended March 31, 2018, the Company had registered a net turnover of INR 1067 Cr and profit before tax of INR 127 Cr.
During the Financial year ended March 31, 2019, the Company posted export earning of INR 22 Cr in comparison to export earning of INR 62 Cr in the financial year ended March 31, 2018.
|Total Available Shares:||500|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||50 Shares|
|Current Unlisted Share Price:||₹ Best In Industry Per Equity Share|
|Equity= 12.773||Current Assets = 391||Equity= 12.773||Current Assets = 351|
|Reserves= 470||Reserves= 454|
|Long-term liability=28||Long-term Assets= 400||Long-term liability=34||Long-term Assets= 392|
|Current Liability = 281||Current Liability = 241|
|Total = 792||Total = 743|