Incorporated in Jun.'81, as O E N Connectors (OCL) and subsequently changed its name to Framatone Connectors OEN and presently known as FCI OEN Connectors Ltd., was promoted by K A Mathew with equity support from the Kerala State Industrial Development Corporation and O E N India.
The company set up a project to manufacture edge-connectors and euro-connectors for industrial and electronic appliances in technical collaboration with Souriau & Cie, France. Commercial production commenced in 1984. In 1989, Framatome Connector International (FCI) became the collaborator of the company as a result of the merger of various subsidiaries of the Alcatel Alsthom, France, the ultimate holding company of the collaborator. Presently, Framatome holds a 61.54% stake in the company.
It supplies a wide range of connectors for telecom data processing to the defence sector, industrial control and professional electronics industries. It has also received several awards including the National Productivity Council's award for the best productivity in the electronic components group (large units) for 1989-90 and 1990-91. It is also accredited with the ISO 9002 certification. In 1998, the company received QS 9000 certification from Bureau of Veritas Quality International for manufacture and supply of automotive connectors.
In 1998-99, it acquired 60% stake in TVS Berg Ltd and TVS Berg's name has been changed to Framatome Connectors Berg Ltd. The company has increased its equity stake in its subsidiary OCL Interconnections from 51% to 100%. Subsequently, pursuant to an agreement dated 30 Sep 2000, FCOENL acquired the assets and liabilities (other than cash and bank balances, and tax assets and liabilities) of OCL for a lumpsum consideration of Rs 36 lakh.
The Hon'ble High Court of Kerala has approved the amalgamation of Framatome Connectors Berg Ltd. (FC Berg) with the company. One equity share of the company will be allotted for every four equity shares of FC Berg held. The company has sold its Military,Aeronautics and Industrial(MAI) division to AXA Priate Equity(AXA),a venture capital company in France.
During the year 2004, The Company has expanded its capability for producing Connectors for high speed applications and a variety of Smart Cards which has good potential both in the export as well as in the domestic markets.
The Company has increased its installed capacity of Connectors by 75000000 NOS.. With this expansion the total installed capacity of Connectors has increased upto 125000000 Nos.
The Company has decided to set up an automotive production capacity in India in 2005. This covers the full spectrum from product design to manufacture.