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Its major sales occur in Gujarat, Haryana, Punjab, Maharashtra, and the southern states. In Gujarat, it operates under the name Mahindra Gujarat, [13] and in Punjab, it is branded as Swaraj. In 1999, Mahindra acquired Gujarat Tractors from the Government of Gujarat and later purchased a 64.6% stake in Swaraj in 2004. [14]
During the financial year 2009–10 the company had issued 3,984,946 equity share of Rs. 10 each at a premium of Rs. 190 per share on rights basis to the Equity shareholders of the company in the ratio of 11 equity shares for every 50 Equity shares held on the record date and raised Rs. 796989,000 for financing of Expansion project, repayment ...
Swaraj division [2] is a tractor and farm equipment making company which is owned by Mahindra & Mahindra Ltd. Formerly known as Punjab Tractors Limited, the company was taken over by Mahindra Group in 2007 and subsequently in 2009, the name was changed to swaraj division.
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Kirloskar Oil Engines Limited: NSE: KITEX: Kitex Garments Limited NSE: KKVAPOW: KKV Agro Powers Limited NSE: KNRCON: KNR Constructions Limited NSE: KOHINOOR: Kohinoor Foods Limited NSE: KOKUYOCMLN: Kokuyo Camlin Limited NSE: KOLTEPATIL: Kolte – Patil Developers Limited NSE: KOPRAN: Kopran Limited NSE: KOTAKBANK: Kotak Mahindra Bank Limited ...
In 1970, the Government of Punjab acquired the Swaraj tractor's design and established Punjab Tractors Limited (PTL). The tractors were produced and sold under the brand name of Swaraj. In 2007, Mahindra & Mahindra Ltd. acquired majority stake in PTL, and in Feb 2009, it was merged into M&M as the Swaraj Division of Mahindra & Mahindra.