The Company was incorporated as V.B. Spinning Mills Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated May 23, 1994 issued by the Registrar of Companies, Punjab, H.P. & Chandigarh. Subsequently, a fresh certificate of incorporation dated January 02, 2002 was issued by Registrar of Companies, Punjab, H.P. & Chandigarh, pursuant to change of name of the Company from V.B. Spinning Mills Private Limited to Marshall Machines Private Limited. The name of the company was changed to Marshall Machines Limited pursuant to conversion into a public company vide shareholder's approval dated April 24, 2018 and fresh certificate of incorporation dated May 17, 2018 issued by Registrar of Companies, Chandigarh.
KEY EVENTS AND MILESTONES IN THE HISTORY OF THE COMPANY
1994
- The Company was incorporated as V.B. Spinning Mills Private Limited.
2001
- Change in name of the Company from V.B. Spinning Mills Private Limited to Marshall Machines Private Limited.
2006
- The Company took over the running business of Marshall Industries.
2009
- Marshall launched the fthe spindle CNC Lathe and received FIE Foundation Award, for the development of `Fthe Spindle CNC Chucker'.
2012
- Opened 2nd state-of-the-art factory to produce Automated Machines & develop Smart Technologies.
2013/2014
- Marshall introduced automated RoboTurn DS 400 with CLAPTECH & CLAMPSYS - first time in India and received FIE Foundation Award, for the substantial contribution made in the development of ROBOTURN DS 400 DOUBLE SPINDLE CNC CHUCKER.
2015
- The Company received FIE Foundation Award, for the substantial contribution made in the development of MACHINE AUTOMATION INTEGRATION SYSTEM.
2016
1. Tie-ups with CARON Engg (USA) & SPINNER GmbH.(Germany)
2. 1st Zero Defect unleashing SmartCorrect Gauging Station.
2017
1. Patent for SmartCorrect, SmartCheck, and SmartInsert filed in USA and India by the promoters and relative of the promoters.
2. Marshall Automation US set-up.
3. IoTQ Center opened in Manesar, India.
4. 1st 50 SmartCorrect Gauging Stations sold in India and export order of 8 Nos. to US.
5. The Company received FIE Foundation Award, for the substantial contribution made in the development of IOTQ: INTERNET OF THINGS FOR QUALITY.
2018
- Converted into Public Limited Company vide fresh certificate of Incorporation dated May 17, 2018
2018
-Company name changed to Marshall Machines Ltd. from V B Spinning Mills Pvt. Ltd..
2023
-The company issued rights shares of Rs. 10 in the ratio of 7:10 at a premium of Rs. 34.8 per share.
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