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YEAR EVENTS
1984 - The Company was formed as a Private Limited Company as `MRO-TEK
Private Limited' on February 10, and became a Public Limited Company on
17th June 1998 as `MRO-TEK Limited'.
- The Company was promoted by Mr. Sarangan Narayanan, the present Chairman & Managing
Director and Mr. Himadri Nandi, the present Managing Director of the company.
- The Main object of the company is to manufacture assemble, fabricate, produce repair,
use, buy-sell, hire, import, export, install, consult, deal in for consideration or otherwise in
India or abroad all types of instruments such as electronic Electrical, Medical Laboratory etc.
- The Company established by 2 first generation technocrat promoters with the
principal objective of carrying out networking computing.
- The Company has an installed base of more than 2,50,000 data communications
devices covering major public and private sector companies. The Company is one of the
few Indian companies with a focus on solutions for data communication.
- The Company has entered into a joint venture with RAD to ensure closer
co-operation between the two companies and the initiation of local manufacture
of more RAD products.
1989 - The Company has launched the ZyXEL range of ISDN data communications
in the Indian market.
- The Company entered into non-exclusive value-added retailer arrangement
with RADGUARD a pioneer and leader in the secure Virtual Private Network
market.
- MRO-TEK is a ISO 9002 certified company.
1999 - The Company has allotted 470,000 No. of equity shares of Rs 10/- each to the
trust for cash on October 28th at Rs 25.
- The Company has created an Employee Welfare Trust called MRO-TEK limited
Employees Welfare Trust to implement the Employee Stock Option Plan.
2000
-The board has allotted 44,80,282 shares of face value Rs 10 each in the ratio of 1:1 based on the Authority granted by the shareholders of the company on 14th January .
-The Company proposes to expand its current manufacturing capaicty and to put up additional facilities in Electronics City at Bangalore.
-The Company has been ranked as 6th largest among the Networking Vendors in India.
-The Company is entering the capital market with a public issue of 25,09,000 No. of equity shares of face value of Rs 5 each and offer for sale by existing members of 26,00,000 No. of equity shares of face value of Rs 5 each.
-MRO-Tek, the Bangalore-based Internet access and networking solution provider, has received the `Best Partner of the World' award from the Israel-based RAD Data Communications for achieving sales over $15 million for the calendar year 2000.
2001
-The Company has entered into a strategic alliance with Lacom Systems, developers of the laser optical communication system.
-MRO-TEK, the Bangalore-based networking and last-mile access solution provider, has announced the opening of its third state-of-the-art manufacturing facility at Electronic City.
2003
-The company secured State Bank of India's order of Rs 15-crore to provide networking solutions of 2Mbps and 64 Kbps high-end leased line modems for SBI to connect more than 800 branches across the country.
-The company developed a new product, netwrk management msystem NMS software . It monitors and manages remotely, the network devices and equipment in last mile network access.
-Launched the first product developed by the R&D Section of the Company, named 'Managed Copper-Fibre Convertor' is being launched for commercialization
-MRO-TEK, last mile access and network solution provider, on September 30 launched FCAT-M, an Ethernet over fibre access device, claiming that it would contribute 20 to 25 per cent to the company's growth. T
2004
-The company altered its Brand Line from the existing 'Getting you Networked' to 'Accessing Every Network' to go with its present thrust on developing market for 'Access Products' and its core activity to which the new phrase is more desirable and apt.
-Dlist from Bangalore Stock Exchange w.e.f. October 16, 2004.
-MRO-TEK launches eSona-100 bandwidth tool on November 17, 2004
2005
-MRO-TEK receives approval from GOI for in-house R&D facility
-MRO-Tek unveils solution for TPBC
-MRO-TEK secures two new major contracts totaling over Rs 100 million.
2006
-The company has recommended a final dividend of 20%
2007
-Mro-Tek has designated E-mail ID for Investor Complaints: GRD@mro-tek.com
-break-through has been achieved, for one of the products developed by this Company in its in-house R&D facility, and recently commercialized, by way of a confirmed PO valued at Rs 3 cr approx, received from one of the large and reputed Services Providers of the Country.
2008
-The company has recommended dividend of 40%, puls interim dividend of 20%, totally 60% dividend
2009
-MRO-TEK introduces new range of products aimed at telecom carriers, internet service providers and enterprises.
2010
-Patent for MRO-TEK's broadband device
-MRO-TEK celebrates silver jubilee
2014
-Mr. Srivatsa, the Vice President- Finance of the Company who has also been appointed as the Chief Financial Officer of the Company.
2016
-The name of the Company has been changed from "MRO-TEK Limited" to "MRO-TEK Realty Limited".
-Registered Office of the Company has been shifted to the following new premises, MRO-TEK Realty Limited,"Maruthi Complex",No. 6, New Bel Road,Chikkamaranahalli,Bangalore - 560 094.
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