Company History: 1987- The Company was originally incorporated as a private limited underthe name and style of Nav Electromed Pvt. Ltd. on 4th June. The namewas later changed to Birla 3M Pvt. Ltd. in February 1988.Subsequently the company was converted into a public limited company on27th April 1989.
- The Company was formed as a joint venture between Minnesota Miningand manufacturing Company (3M) of USA and Scinitar investment andTrading Co. Pvt. Ltd.
- The Company is manufacturing telecommunication connectors and gearingitself to manufacture speciality pressure sensitive coated tapes formedical/surgical and packaging applications and speciality chemicalsand Keonics-Electronics City near Bangalore.
1988
- The Company entered into a technical agreement with 3M on 17th Marchfor transfer and imparting of the technical data by 3M.
1992
- 70 No. of equity shares subscribed for by signatories to Memorandumof Association. 70 00 000 No. of equity shares of Rs 10 each were thenissued at par of which the following were reserved for allotment:
- (i) 32 00 000 shares to foreign collaboration Minnesota to Mining &Mfg. to USA;
- (ii) 19 20 000 shares to Scimitar Investment and Trading Co. Pvt.Ltd.;
- (iii) 12 79 930 shares to Shares on Investment & Trading Co. Pvt.Ltd. Of the remaining 3 50 000 shares reserved for allotment onpreferential basis to employees of promoters companies (only 1 45 900shares taken up). Balance 2 50 000 shares along with 2 04 100 sharesnot taken up by employees were issued to the public in February 1991.Additional 22 00 000 shares allotted to retain oversubscription(9 60 000 shares to promoters and 12 40 000 shares to public).
1993
- 20 65 000 No. of equity shares allotted to Minnesota Mining & Mfg.Co. (3M) on preferential allottment basis.
- During the current year the Company will be introducing a number ofhigh quality indigenised Industrial and Commercial tapes the range of3M stethoscopes and overhead projectors for the business and educationmarkets.
- The Company is creating a technical cell to modify/adapt certain 3Mproducts to suit the local market.
1994
- The company has created a technical cell to modify/adapt certain 3Mproducts to suit the local market.
1995
- New products offerings in the Office Markets Telecom Healthcareproducts and consumer markets were made. The Company entered intoconstruction markets and proposed to expand its manufacturingactivities in growth identified areas.
- The Company has developed new products using Adhesive Aerosol Chemical and Abrasive Technology absorbed from 3M Company. TheCompany's technical lab has been modifying and adapting certain 3Mproducts to suit the local market requirements.
1996
- New products introduced during the year include privacy filters secotchlite and LCD panels.
- During the current year new product offerings in the Office Markets Telecom Healthcare Products & Consumer Markets were made. The Companyhas entered Construction Markets and is expecting to explore thepossibilities of introducing additional new products during 1996-97 inother areas.
- The Company has introduced Optical Fibre in the Market usingTechnology absorbed from 3M Company. The Company's technical lab hasbeen modifying and adapting certain 3M products to suit the Localmarket requirements.
1997
- The company has already acquired 25 acre land near Pune for settingup a factory.
- Birla-3M the Indian joint venture between the $14-billion 3M Corpand the Yash Birla group has launched its Scotchgard brand for theBangalore silk market.
- Birla 3M the joint venture company promoted by the YashovardhanBirla group and the Minnesota-based 3M has registered a 30 per centgrowth in sales turnover in the first five months of the currentfinancial year.
1998
- Birla 3M now has a single unit in Bangalore and proposes to set upanother plant in Pune.
- Birla 3M has introduced only a small percentage of 3M's productportfolio.
- Birla 3M has entered into a strategic alliance with Hewlett Packard which would market the former Thermal Ink Jet (TIJ) imaging media alongwith HP DesignJet CP printers.
- Birla 3M has launched its 3M sun control film (window film) 3MScotchtint which meets the parameters specified in the central motorvehicle rule 1989.
- The company was originally set up as a 40:40 joint venture betweenYashovardhan's father Ashok Birla and 3M and public held the rest.
- Birla 3M a 76 per cent subsidiary of 3M Us drawing strength fromits parent in a limited measure also has a wide product portfolio.
- Birla 3M is setting up a 3M-Innovation Centre at the Electronics Cityof Bangalore.
- Birla 3M has launched the Photodyne brand 800XGT its fibreidentifier designed to locate any particular fibre the line ornon-obtrusively identify live fibres to determine the amount of trafficpresent.
- The company entered into a five year contract with FedEx. It has alsosigned interline agreements with Asiana Air and Alitalia Airlines.
1999
- Birla 3M was floated as a joint venture between the Birla Group and3M corporation with the latter holding 51 per cent and the Birlas 32.5per cent.
- The Company has set up a fund and taken a policy with Life InsuranceCorporation of India to meet its gratuity liability.
2000
- Arvind Mills Ltd has signed an exclusive agreement with Birla 3M Ltdto promote stain-resistant finishes for cotton fabrics.
- The company has also entered into providing a wide range of consumerhealthcare products which have recorded promising growth in the recentpast.
- ICRA has assigned an A1+ rating indicating highest safety to the Rs.30.25-crore (enhanced from Rs. 15.25 crores) short-term debt programmeof Birla 3M Ltd.
- Birla 3M is the subsidiary of Minnesota Mining & ManufacturingCompany (3M) of the US.
- The Company has introduced a new concept in etching with a range ofspecial effect films.
- Birla 3M the Rs 150-crore diversified company is mulling over itsoption to set up a manufacturing plant for its home care division inIndia.
2001
-Birla 3M launches a new improved version of its scrub pad Scotch Brite.
2003
-Birla US based 3M launched its latest car services which offers customers with total solution and protection of their cars.
2004
-Birla 3m Ltd. has informed that at the AGM held on April 22 2004 the members of the Company have approved the De-listing of shares from Ahmedabad Bangalore Calcutta and Delhi Stock Exchanges.