Cimmco
CIMMCO · Automobiles > Railways Wagons · Chairman: JP Chowdhary · MD: Anil Kumar Agarwal · Listing date: Sept. 8, 2011

CIMMCO Birla, formerly known as Cimmco, is part of the SK Birla group. It was incorporated on September 08, 1943 as a public limited company. It has manufacturing capabilities in industrial machinery and spares, and railway wagons. The company is engaged in business activities in wool and blended fabrics, ready-to-wear garments, plastic co-extruded films, sheets and BOPP films, thermosetting resins, heavy engineering, railway wagons, manufacture of complete plants for cement, chemicals and other industries, high precision defense stores, microwave components and telecom testing equipment, granite and marble and international trading and export house. Birla VXL, Xpro India, and VXL Technologies are other major companies in the group. It also exports its hydraulic machinery to Afghanistan, Nepal, and Bangladesh.

The company has been declared a sick industrial unit by the Board for Industrial & Financial Reconstruction (BIFR) since 2002. Operations have been suspended and under the directions of BIFR, it is looking to rehabilitate itself and restart operations. Titagarh Wagons has proposed to acquired CIMMCO for Rs 350 million. Titagarh Wagons and JP Morgan together had acquired a portion of the total outstanding secured debt of Cimmco Birla and have stepped up their efforts to prepare the revival scheme, which will involve restructuring of the borrowings and other liabilities of the sick company.

The registered office of the company is located at Birlanagar, Gwalior-474004, Madhya Pradesh.