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setco automotive ltd (505075) Snapshot

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setco automotive ltd (505075) Details

Setco Automotive Limited produces and sells clutches for the medium and heavy commercial vehicles in India. The company provides various types of clutches, such as pull and push type clutches, and isolators; and pressure converters, as well as diaphragm and coil springs. It also manufactures and sells clutches for hydraulic products for the construction equipment industry; and precision engineering components, including deep drawn pressings, and forgings and castings. The company offers its products under the LIPE, SETCO, and Lava cast brand names. It serves commercial and military trucks, heavy-medium-light-duty trucks, marine, off-highway, and agricultural equipment markets. The company was formerly known as Gujrat Setco Clutch Limited and changed its name to Setco Automotive Limited in November 2005. Setco Automotive Limited was founded in 1982 and is headquartered in Mumbai, India.

Founded in 1982

setco automotive ltd (505075) Top Compensated Officers

Chairman, Managing Director, Chairman of Fina...
Total Annual Compensation: 9.1M
Joint Managing Director, Executive Director a...
Total Annual Compensation: 1.7M
Chief Operating Officer, Executive Director a...
Total Annual Compensation: 7.7M
Compensation as of Fiscal Year 2014.

setco automotive ltd (505075) Key Developments

Setco Automotive Limited Redesignates Udit Sheth as Joint Managing Director

Setco Automotive Limited announced at the board of directors meeting held on July 15, 2015, it has approved re-designation of Mr. Udit Sheth, Executive Director as the Joint Managing Director of the company with effect from July 15, 2015.

Setco Automotive Limited, Board Meeting, Jul 15, 2015

Setco Automotive Limited, Board Meeting, Jul 15, 2015. Agenda: To consider sub-division of each Equity Share of INR 10 each of the company to 5 Equity Shares of INR 2 each and consequent alteration of Clause V of the Memorandum of Association of the Company; and to consider re-designation of Mr. Udit Sheth, Executive Director as the Joint Managing Director of the Company with effect from July 15, 2015.

Setco Automotive Limited Approves Amendment to its Articles of Association

Setco Automotive Limited approved amendment to its articles of association of the company for approval at the EGM held on June 5, 2015.


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