Divgi TorqTransfer Systems was originally incorporated as ‘Divgi Metalwares Private Limited’, a private limited company under the Companies Act, 1956 through certificate of incorporation dated December 16, 1964 issued by the RoC. Pursuant to an amendment to the Companies Act, 1956, the company was deemed public under Section 43A(1A) of the Companies Act, 1956. Consequently, the word private was deleted from the name of the company and its name was changed to “Divgi Metalwares Limited” with effect from July 1, 1996. The name of the company was further changed to “Divgi Metalwares Private Limited” upon insertion of the word ‘Private’ after the company was converted into a private limited company pursuant to an amendment to Section 43A(1A) in Companies Act, 1956 by Companies Amendment Act, 2000 with effect from November 23, 1998 and subsequently, a fresh certificate of incorporation dated October 26, 1999 was issued by the RoC.

Divgi Transmission Private Limited was incorporated on September 18, 1995. Pursuant to the special resolution dated September 20, 1995, the name of Divgi Transmission Private Limited was changed to “Divgi Warner Private Limited” and a fresh certificate of incorporation was issued on November 8, 1995. The name was further changed to “Divgi TorqTransfer Systems Private Limited” pursuant to the buyout of shares from BorgWarner and a fresh certificate of incorporation was issued on September 30, 2016.

Pursuant to an order passed by the National Company Law Tribunal, Mumbai Bench on September 21, 2017, the erstwhile Divgi TorqTransfer Systems Private Limited amalgamated with the company i.e. Divgi Metalwares Private Limited and subsequently, the name of the company changed from “Divgi Metalwares Private Limited” to “Divgi TorqTransfer Systems Private Limited” and a fresh certificate of incorporation dated November 24, 2017 was issued by the RoC. The erstwhile Divgi TorqTransfer Systems Private Limited was a wholly owned subsidiary of the company i.e., Divgi Metalwares Private Limited. Thereafter, pursuant to a special resolution passed by its shareholders on October 18, 2021, the company was converted to a public limited company and its name was changed to “Divgi TorqTransfer Systems Limited”. A fresh certificate of incorporation dated March 10, 2022 consequent upon change of name was issued by the RoC.

The company was established in 1964 as a small-scale manufacturing enterprise specializing in the manufacturing of gears and screwed machined parts. Serial entrepreneurship combined with a robust foundation in gear technology and manufacturing enabled the founding members, Ramarao and Bhaskar Divgi to carve a niche for themselves in a daunting marketplace that was strife with uncertainty and complexities of that era.

The company has an in-house software development capability, which helps it in providing system level solutions offering software that controls the vehicle dynamics. It is also one of the first few suppliers of steel and carbon-based synchronizer systems for the Indian markets, and are one of the leading manufacturers of steel synchronizers in India. It has achieved leading positions for select products in its portfolio through focus on innovation; offering of customized solutions in distinctive products; in-house software development capability; and product development and production at quality standards acceptable to its clients and at optimized costs. It is in the process of launching domestically manufactured DCT systems for the Indian market. Therefore, it will be the only manufacturer of DCT systems in India. Very few component suppliers as well as OEMs globally have the capability to develop the system integration software solutions in-house.

The company has a diverse portfolio of products which includes mechanical as well as electrical 4×4 transfer cases, interactive torque couplers, dual & triple cone steel synchronizers, dual clutch automatic transmissions, 5 & 6 speed manual transmissions and single speed electric vehicle (EV) transmission.

Business area of the company

The company is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India. It is also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India. It also has the capability to develop and provide transmission systems for EVs.

Products of the company

Torque Transfer Systems

• Mechanical Transfer Case
  
• Electric Shift Transfer Case
  
• Torque-on-Demand Transfer Case
  
• Torque Coupler Transfer Case
  
• Dual - offset Transfer Case
  
• Dual - offset Transfer Case with bevel differential
  
• Single - offset Transfer Case

Manual Transmission

Synchronizer Systems

Dual Clutch Transmission

Transmissions for Battery Electric Vehicles

Components

• Ring Gear 
  
• Sun Gear 
  
• Assembly Hub & Clutch Disc
  
• Lock Up Collar & Clutch Disc
  
• Final Drive Gear
  
• Flange
  
• Shaft

Awards, accreditations or recognition

• 2008: Innovation Award for ECU development by BorgWarner.
• 2008: The BorgWarner Chairman’s Operational Excellence Award by BorgWarner Production System.
• 2015: Best Eco Kaizen Award awarded by Toyota Kirloskar Motor.
• 2017: 1st runner up at the National HR Competition Circle organized by Confederation of Indian Industry.
• 2017: Zero Defect Supplies Award by Toyota Kirloskar Auto Parts.
• 2018: Toyota Quality Award by Toyota Kirloskar Auto Parts.
• 2018: 1st prize at the National HR Competition Circle organized by Confederation of Indian Industry.
• 2019: Toyota’s Quality Circle Competition Award by Toyota Kirloskar Suppliers Association.
• 2019: 1st prize at the National HR Competition Circle organized by Confederation of Indian Industry 177 Calendar Year Accreditations.
• 2020: Zero Defect Supplies Award by Toyota Kirloskar Auto Parts.
• 2020: Toyota Delivery Award by Toyota Kirloskar Auto Parts.
• 2020: Toyota Quality Award by Toyota Kirloskar Auto Parts.
• 2021: Special Appreciation Award by Mahindra Rise for transfer case for Thar.
• 2021: Outstanding Development for Gears and Synchronizers’ certificate by Force Motors.
• 2021: Zero Defect Supplies Award by Toyota Kirloskar Auto Parts.
• 2021: Supplier of the Year Award by Toyota Kirloskar Auto Parts.
• 2022: Platinum Award by Confederation of Indian Industry for the Best HR Practices in Developing Future Leaders for the MSME category.
• 2022: Annual Commodity Award (Powertrain Proprietary - Automotive Division) by Mahindra Rise in recognition of superior performance.

History and milestones

• 1995: Divgi Metalwares Private Limited entered into a formation agreement with BorgWarner. The agreement was in connection to the formation of a corporation, for the manufacturing and sale of transmission components, transfer cases and certain other components, manufactured by BorgWarner.
• 2016: Exit of BorgWarner through buy out of shares by Divgi Metalwares Private Limited.
• 2016: Entered into an investment agreement with NRJN Family Trust (represented by its corporate trustee, Entrust Family Office Legal and Trusteeship Services Private Limited).
• 2017: Amalgamation of erstwhile, Divgi TorqTransfer Systems Private Limited and Divgi Metalwares Private Limited and the amalgamated entity was renamed as Divgi TorqTransfer Systems Private Limited.
• 2018: Entered into share subscription agreement Oman India Joint Investment Fund II.
• 2019: Awarded the Transfer case business from Russian automobile manufacturer.
• 2019: Awarded the Transfer case business from Mahindra & Mahindra for the new generation Thar and Scorpio.
• 2020: Awarded the planetary sun gear business from Toyota Kirloskar Auto Parts.
• 2020: Awarded the NexTrac assembly business from Mahindra & Mahindra for XUV 700.
• 2021: Awarded the Transfer case business from Chinese automobile manufacturer.
• 2021: Awarded the EV transmission business from TACO (a JV between Tata Automotive Components and Prestolite Electric) for electronic vehicle motors.