Alfred Herbert (India) Ltd Summary
Alfred Herbert (India) Limited was incorporated as a private limited company on December 2, 1919 and converted into a public company on April 27, 1972. Initially, the Company was in the business as a major supplier of state of the art, machine tools and other Industrial Machinery from abroad. The Manufacturing Division was established in 1973 at Whitefield, Bangalore and has manufacturing innovative machines for the Rubber and Tyre Industry besides High Precision, Jig Boring Machines.The Company is engaged in non-banking financial activities financial service activities.
It has been registered with the Reserve Bank of India (RBI) as a Non-Banking Finance Company (NBFC) and is therefore governed by directions and laws issued for NBFC by RBI. In 1999-2000, the Company was restructured by transferring their manufacturing division to their subsidiary Alfred Herbert Ltd. Beside catering to the Rubber Industry, Alfred Herbert Limited diversified into Hydraulics and offers variety of systems to the Automobile Industry, related to hydraulic equipment.
Its Hydraulics and Project Division undertakes execution of Specials, to suit customers requirements. It supplies cabin-tilting systems to the leading truck manufacturers , manufactures and fits tipper bodies for them.Apart from manufacture of industrial machinery, it undertook various subcontract and reconditioning work for medium and heavy machineries and customers include heavy engineering, automobile, aeronautical, defence and space industries, etc. who rely on its reputation of accurate machining / assembly to quality standards at competitive costs.
In addition, it launched erection / assembly of structures, hydraulic as well as control systems.The Company had a wide network of sales offices manned by qualified and trained sales and service engineers to sell industrial machinery to customers in India. It moreover, markets industrial machinery and machine tools for domestic and international principals. An Application Engineering cell extends pre and post - sales support to customers.
The Company incorporated a fully owned subsidiary Alfred Herbert Limited in FY 2020, whose business was discontinued due to non viability with effect from 31st May, 2021. The Company has completed development of its property in Kolkata and has received the completion certificate from Kolkata Municipal Corporation dated 30th May, 2024. Though the building was initially constructed for own use by the company, after careful consideration of the requirements it was decided that some floors of the same may be sold to unlock value.
Accordingly, one floor of the building was sold during the period 2024-25. The Building has been certified as Platinum Green Building by LEED.