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YEAR EVENTS
1988 - The company was incorporated on 28th July, as Krone
Communications, Pvt. Ltd. It was converted into a Public Ltd.
Company on 4th August, 1989. The Company was promoted jointly by
Krone AG Germany, Karnataka State Electronics Development
Corporation, Ltd. (KEONICS) and M.L. Thukral and his associates.
- The main objectives of the Company is manufacture of telephone
connectors including black panel connectors and allied products
for telecommunications cable network and industrial cabling
systems.
- The Company entered into a technical and financial arrangement
with Krone AG for implementation and management of the project
including erection of plant, technology transfer training,
quality control and product development etc.
- The Units' manufacturing facilities are set up in rented factory
at 30(C), II Phase, Peenya, Bangalore. KEONICS allotted 10 acres
of land for construction of a factory. CNC moulding machines,
were procured from Engal of Austria and injection moulding tools,
jigs, fixtures etc., from Krone, AG.
1990 - 9 No. of Equity shares subscribed for by signatories to the
Memorandum of Association. 39,99,221 shares of Rs.10 each then
issued at par of which the following were reserved and allotted
on a firm basis:
- (i) 16,00,000 shares to Krones AG;
- (ii) 4,40,000 shares to KEONICS and
- (iii) 4,39,991 share to ML Thukral and his associates. Of the
remaining 15,20,000 shares, 2,00,000 shares reserved and allotted
on a preferential basis to employees.
- The balance 13,20,000 shares offered to the public during May
1991. Additional 8,00,000 shares allotted to retain
oversubscription (66,000 share to KEONICS, 66,000 shares to
Thukral & associates, 2,40,000 shares to Krona AG, 30,000 shares
to employees' and 1,98,000 shares to the public).
2000
-Krone Communications Ltd., has announced a strategic tie-up with telecom major ITI for marketing its cabling and connection systems to address the large enterprise networking market.
-The Company, the wired and data & telecommunications network company, is in the process of setting up a new Rs 5 crore manufacturing unit in Bangalore which will serve as a base for global outsourcing.
2004
-Krone launches Copperten 10Gb cable technology
2007
-ADC KRONE wins $3.4M structured cabling contract from TCS.
-ADC KRONE Launches TrueNet Physical Layer Management Solutions
-The Company has recommended payment of dividend @ 30% for the year.
2008
-ADC KRONE Launches PACE program for Architects, Consultants and Engineers in India
-ADC KRONE Launches Next Generation Fibre Network Portfolio in India
2009
-ADC KRONE Drives Next-Gen Fibre Network Proof-of-Concept Van To Customer Doorstep.
-The Company has recommended payment of Dividend @ 15% (Rs. 1.50 per equity share of Rs. 10/-) for the year.
2010
-Company has changed its name from Krone Communications Ltd. to ADC India Communications Ltd.
-ADC India Hosts Channel Partner Seminars in Pune, Ahmedabad and Nagpur to Promote Cabling Solutions for Data Centres
-ADC Fiber-Optic Connectivity Portfolio Aligned with New 802.3ba Standard in Telco and Data Center Markets
2011
-The Company have recommended payment of dividend @ 15% for the year.
-Board of Directors has appointed Mr. Sanjay Handu as the Managing Director of the Company. Mrs. Revathy Ashok has been inducted as an Additional Director on the Board of the Company.
2012
-The Company has recommended payment of Dividend @ 5% (Rs. 0.50 per share) for the year.
2013
- ADC India Communications Ltd. has recommended a dividend of Rs. 1.50 per Share (15% of face value of equity share).
-Registered Office of the Company has been shifted from old address from to No. 485/8A&8B, 14th Cross, 4th phase, P. B. No. 5812, Peenya Industrial Area, Bangalore - 560058.
2014
- ADC India Communications Ltd. has recommended a dividend of Rs. 2.50 per Share (25% of face value of equity shares).
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