Our Company was incorporated as a private limited company under the Companies Act, 2013 with the name `TVS Commodity Financial Solutions Private Limited' and a certificate of incorporation dated August 29, 2017 was issued by the Registrar of Companies. The name of our Company was changed to `Sundaram - Clayton DCD Private Limited' pursuant to a special resolution passed by the shareholders of our Company on February 4, 2022, and a fresh certificate of incorporation dated February 8, 2022 was issued by the Registrar of Companies. Subsequently, our Company was converted from a private limited company to a public limited company and consequently renamed as `Sundaram - Clayton DCD Limited' pursuant to a special resolution passed by the shareholders of our Company on February 10, 2022, and a fresh certificate of incorporation dated February 24, 2022 was issued by the Registrar of Companies. Further, the name was changed to the present name viz., Sundaram-Clayton Limited pursuant to the Composite Scheme of Arrangement approved by the Hon'ble NCLT, Chennai vide its order dated March 6, 2023, and a fresh certificate of incorporation dated August 30, 2023 was issued by the Registrar of Companies.
The Demerged Undertaking (die casting division) was part of erstwhile Sundaram-Clayton Limited (now known as TVS Holdings Limited) and is one of the largest auto components manufacturing and distribution groups in India and is also a leading supplier of aluminium die castings to automotive and non-automotive sector. The said die casting business is in operation from the year 1962 and has achieved many milestones and emerged as one of the preferred solution providers in machined and sub-assembled aluminium castings. The contribution commences from early design stage to development and supply of finished product. Over the years, it has built strategic partnership with global original equipment manufacturers and Tier 1 Customers. As a part of the Composite Scheme of Arrangement, the Demerged Undertaking was transferred to our Company effective from August 11, 2023.
Major events and milestones: 2017 -Incorporation of our Company under the name of `TVS Commodity Financial Solutions Private Limited'
2022 -The name of our Company was changed to `Sundaram - Clayton DCD Private Limited' -Our Company was converted from a private limited company to a public limited company and consequently renamed as `Sundaram - Clayton DCD Limited'
2023 -Demerger, transfer and vesting of the Demerged Undertaking from TVS Holdings Limited (formerly known as Sundaram - Clayton Limited) into our Company on a going concern basis pursuant to the Composite Scheme of Arrangement. -Pursuant to the Composite Scheme of Arrangement, the name of our Company has been changed to `Sundaram-Clayton Limited'
2023
-Company name has changed to Sundaram-Clayton Ltd. from Sundaram - Clayton DCD Ltd..
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