Amtek India (AIL), one of the flagship companies of Amtek group, was incorporated as a public limited company under the name of ‘Best Leasing and Finance’ on December 02, 1983 with the registrar of companies Delhi and Haryana. The name of the company was changed to ‘Worldwide Portfolio’ vide fresh certificate of incorporation dated September 17, 1992 issued by the registrar of companies Delhi and Haryana. The name of the company was subsequently changed to ‘Amtek Finance’ vide fresh certificate of incorporation dated April 20, 1995 and further the name was changed to its existing name i.e, ‘Amtek India’ vide fresh certificate of incorporation dated December 27, 1995.

The company has two plants located at Narasinghpur in Gurgaon and at Bhiwadi in Rajasthan and its registered office is situated at Old Manesar Road, Village Narsinghpur, Gurgaon District, Haryana-122001.

Recently, D&A Financial Services on behalf of Amtek Auto, which is the acquirer company has made an announcement of open offer to the equity shareholders of Amtek India, for acquiring 2,52,30,450 equity shares of the face value of Rs 2 each, which represents 20% of paid-up share capital and resulting voting rights capital at a price of Rs 68 per fully paid-up equity shares which will be payable in cash.

The date of opening this offer is July 23, 2010 and closing is August 11, 2010. D&A Financial Services is the manager to the offer and Amtek India is the target company whose shares are needed to be acquired.

Business area of the company:

The company is engaged in the business of manufacturing of auto components with an integrated range of casting, machining and sub-assembly capabilities. The company makes wide range of components for engine and transmission modules. The company is a ‘Tier-1’ component supplier. It manufactures and supplies products for the two-wheelers, four-wheelers, HCV & LCV.

Subsidiaries of the company:

Sigmacast Iron: The company has acquired Sigmacast Iron, one of the largest suppliers of Turbo Charger Housings on 22nd June 2006 with a consideration of £4.6 mn (including bank liability of £3 mn).