April 24, 2018 6:55 AM ET

Machinery

Company Overview of International Tractors Limited

Company Overview

International Tractors Limited develops, manufactures, and markets tractors for the farming community. It offers garden, utility, and agriculture tractors; and implements, including disc harrows, cultivators, disc ploughs, and MB ploughs. The company also offers trouble shooting and support services. It serves customers through distributors and dealers worldwide. 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 2017.

International Tractors Limited Key Developments

International Tractors Limited Reports Sales Results for the Month of December 2017

International Tractors Limited reported sales results for the month of December 2017. For the month, the company reported 10.7% increase in sales at 4,516 units in December as against 4,080 units in the same month of previous year. The company, which sell Sonalika brand of tractors, said its sales in the April-December period of the ongoing fiscal stood at 63,205 units, a growth of 15.8% as compared to the year-ago period.

Yanmar To Reportedly Acquire Stake In International Tractors

The Blackstone Group L.P. (NYSE:BX) will sell its 17.75% stake in International Tractors Limited (ITL) to Yanmar Co., Ltd. for INR 17 billion, according to two people aware of the development. Calls and text messages sent to A.S. Mittal, Vice-Chairman of ITL, remained unanswered. An email sent to the company spokesperson also did not elicit a response. Spokespersons for Blackstone and Yanmar did not respond to emails seeking comment. The company initiated discussions to hire bankers for an initial share sale, the report said.

International Tractors Reportedly Seeks To Sell

International Tractors Limited reported that it plans to file draft documents for an initial share sale with the regulator by early next month.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 18, 2017
Magma ITL Finance Limited
\
 

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