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Journey through seven decades. - MUKUNDA LTD

Journey through seven decades. - MUKUNDA LTD

Discuss Journey through seven decades. - MUKUNDA LTD within the Principles of Management / Perspective Management forums, part of the Resolve Your Query - Get Help and discuss Projects category; Journey through seven decades. In 1930s …. Mukunda Iron & Steel Works Limited registered on November 29 1937 with an ...

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Sunanda K. Chavan
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Journey through seven decades. - MUKUNDA LTD - October 18th, 2010

Journey through seven decades.

In 1930s ….

Mukunda Iron & Steel Works Limited registered on November 29 1937 with an issue capital of RS. 1.37 million. The company operates its re-rolling mills and foundry in Lahore and at Reay Road Bombay.

Shri Lala Mukunda Lal who had controlling interest in the company and had been doing constructive social work under the guidance of Mahatma Gandhi, expresses his desire to leave the company. The Mahatma asks Shri Jamnala Bajaj and Shri Jeewanlal Motichand to take over the company. They do so after some persuasion.

In 1940s….

The factory at Lahore remained closed for several months during the partition of the country. The electric arc furnace was erected and commissioned inn the Bombay factory. A bigger rolling mill was also installed.






In 1950s……

Erecting of a new electric arc furnace for making steel casting and special steels including alloy steels, commences at Kurla, Bombay. The factory shifts from Reay Road to Kurla. The new rolling mill starts working at Kurla , in addition to the steel foundry already in operation.

In 1960s …..

In the expansion work of the steel foundry at Kurla commences. The steel plant at Kalwe commences operation with the commissioning at an electric arc furnace continuous casting machine and the wire rod mill.

The company manufactures high carbon steel wire rods for the first time in India. The structural shop, up in Kurla , shifts to Kalwe and is rechristened the machine buildings division .

In 1970…

On the untimely demise of Shri Kamalnayan Bajaj, Shri Viren J Shah as Vice Chairman and continue as the Managing Director of the Company. Shri Ramakrishna J Bajaj becomes Vice Chairman of the Board.

A new division offering services in the area of feasibility surveys, projects engineering, planning, construction, co-ordination and commissioning of equipment is formed.

In 1980s…..

Modernizing of the wire rod mill at Kalwe is completed with the installation and commissioning of an eight-stand high speed finishing block and easy draw continuous cooling systems. An ultra high power furnace is installed. The machine building division builds a mobile satellite launch service structure for the launch of ASLV3.

Mukunda Engineers Ltd is registered. Mukunda Iron and Works Limited is rechristenedMukunda Ltd.




In 1990s……

An oxygen top &bottom blown converter a blooming mill with walking beam furnace. Automatic screw down system and computerized process control and a bright bar unit with modern heat treatment facilities are installed in the steel plant at Kalwe. The Mukunda gets ISO 9000- 2000 accredited from Bureaus Veritas. The Hospet Facility with a Mini Blast Furnace fed by captive iron ore mines commences.

Shri Ramakrishnana Bajaj, Vice Chairman Passes away and Shri Rahul Bajaj is appointed Vice Chairman. Shri Viren J Shah takes over as Governor of West Bengal. Shri Rahul Bajaj takes over as Chairman in his place.


In 2000s ……

Mukunda wins TPM excellence award from the Japan Institute of Plant Maintenance fir its machine building division and steel plant. Modernization of the wire rod mill at the Kalwe facility and enhancement of the steel making capacity in the Hospet facility commences.

Shri Niraj Bajaj takes over as the Chairman and Managing Director, Shri Rajesh Shah as Co Chairman Director, Shri Suketu Shah as Joint Managing Director.
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