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February 08, 2016 2:48 PM ET

Machinery

Company Overview of International Tractors Limited

Company Overview

International Tractors Limited manufactures and markets tractors. It offers tractors, agriculture implements, silent generators, and engines for farming communities. The company also provides services and support that include troubleshooting, do and don’ts, and servicing. It offers its products through a network of distributors and dealers in India and internationally. The company was incorporated in 1995 and is based in Hoshiarpur, India. International Tractors Limited operates as a subsidiary of Sonalika Group.

Village Chak Gujran

P.O. Piplanwala

Jalandhar Road

Hoshiarpur,  146022

India

Founded in 1995

Phone:

91 18 8230 2220

Fax:

91 18 8230 2222

Key Executives for International Tractors Limited

Managing Director
Director of Sales & Marketing
Compensation as of Fiscal Year 2015.

International Tractors Limited Key Developments

International Tractors Reportedly Plans To Raise INR 12 Billion Via IPO In 2016

International Tractors Limited reportedly is seeking IPO. International Tractors is planning to raise as much as INR 12 billion through an initial public offering (IPO), according to three people aware of the development, who spoke on condition of anonymity. “The firm has been in discussions with investment banks for the last few months and is currently in the process of hiring banks for handling the IPO process. They are looking to hire around four banks,” said the one of source. The Blackstone Group L.P. (NYSE:BX) is looking to make a partial exit through the IPO, said a second person aware of the development. “A large portion of the IPO will be an offer for sale from Blackstone. However, the exact stake that the fund will sell is yet to be decided as it will be a function of investor interest for the issuance and the valuation they are able to get. Depending on the final valuation, the IPO size could range between INR 10 billion and IRN 12 billion,” second person aware of the development said, adding that the firm is looking to launch the IPO in the second half of the next calendar year. The promoters will also dilute some of their holding in the company and the firm might not raise primary capital from the IPO, second person aware of the development said. A.S. Mittal, Vice Chairman, International Tractors, declined to comment on the firm’s IPO plans. Blackstone did not respond to questions emailed on December 8, 2015.

International Tractors Mulls IPO

International Tractors Limited intends to pursue initial public offering (IPO).

Sonalika Group Names Naresh Kumar Rattan as its Director of Sales & Marketing for International Tractors Limited, International Cars & Motors Limited and Sonalika Tractors

Sonalika Group has named Naresh Kumar Rattan as its director of Sales & Marketing for three different branches; International Tractors Limited, International Cars & Motors Limited and Sonalika Tractors. The new director of Sales & Marketing joined Force Motors in 2012 as chief operating officer - Tractors & president Sales & Marketing - Commercial and Personal Vehicle Division. Rattan has also worked in different automotive sectors, which include a 12-year-long career at the Japanese two-wheel major, Honda Motorcycles.

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