Maharashtra Scooters Company Information

Posted by Amit Bhawani
January 13, 2008

Maharashtra Scooters Company

bajaj

Company History

1975 - The company was incorporated on 11th June, at Pune. The Company was promoted by Western Maharashtra Development Corporation Ltd. a wholly owned company of the Government of Maharashtra and Bajaj Auto Ltd. The main objective of the company is to manufacture of scooters under the trade name PRIYA.

The company entered into a two agreements with Bajaj Auto Ltd., one for the preparation of the project report and another for technical know-how and assistance. The technical know-how agreement was to be in force for a period of 10 years from the date of commencement of operations or till the company achieved a total production of 3,00,000 scooters whichever is later. Under the agreement, Bajaj Auto Ltd., agreed to supply to the Company components at reasonable prices which was understood to be lower than the dealer prices for the said components in the replacement market.

Shri B V Patil, Director of the Company has resigned as Director with effect from January 07, 2003 and in his place Shri V H Deshmukh has been appointed as a Director at the meeting of the Board of Directors held on January 14, 2003 CD Equisearch P. Ltd. has informed the Exchange that they alongwith persons acting in concert has acquired 18,655 shares amounting to 0.16%

The controversy over valuation of the Maharashtra government’s 27 per cent stake in Maharashtra Scooters Ltd (MSL) has taken a new turn with Dinesh Trivedi, a member of Rajya Sabha as well as finance committee of Parliament, Delisting from Pune Stock Exchange.

Company Background
Industry Name : Auto - 2 & 3 Wheelers
House Name : Bajaj Group
Year Of Incorporation : 1975

Regd. Office
Address : C/o Bajaj Auto Ltd, Mumbai-Pune Road
District : Pune
State : Maharashtra
Pin Code : 411035
Tel. No. : 020-27475811,020-27472851
Fax No. : 020-27472764
Email : mslpune@bajajauto.co.in
Auditors : P C Parmar & Co.

Registrars
Name : Maharashtra Scooters Ltd.
Address : C/o Bajaj Auto Ltd, Mumbai-Pune Road, Akurdi, Pune - 411035, Maharashtra
Tel. No. : 020-27475811
Fax No. : 020-27472764
Email : mslpune@bajajauto.co.in
BSE: 500266
NSE: MAHSCOOTER

List Of Directors
1 Madhur Bajaj Chairman / Chair Person
2 V H Deshmukh Director
3 Sadashiv Santaram Survase Director
4 D S Mehta Director
5 R N Joshi Director
6 Jayant H Shah Director
7 Sanjiv Bajaj Director

Location Details

Registered Office
C/o Bajaj Auto Ltd Mumbai-Pune Road
Pune - 411035
Maharashtra - India
Phone : 27475811, 27472851
Fax : 27472764
Email : mslpune@bajajauto.co.in
Factory/plant
Plot No. C-1
Satara - 415004
Maharashtra - India
Phone : 244668, 246242
Fax : 244428
Email : msisatara@bajajauto.co.in
Internet : N.A.

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