Usha International Ltd is one of India's leading consumer durable manufacturing and marketing companies. The company is having a diverse product portfolio that includes Electric Fans, Sewing Machines, Home Appliances, Engines, Electrical motors & Pump sets, Drinking water coolers & dispensers and Auto Products.
The company offers ceiling, desk, wall, stand, orbit, and exhaust fans for domestic and industrial use; drinking water coolers and dispensers, including storage and pressure type drinking water coolers; engines, electrical motors, and pump sets; generators; air conditioners; and chemicals, such as chlorine, caustic soda, chloride of lime, and hydrochloric acid.
The company also provides auto products, such as pistons, rings, liners, and engine valves; cylinder liners, cylinder heads, crankshafts, and connecting rods; crown wheel and pinions, transmission gears, filters, and UJ crosses; diesel fuel injection components, including single cylinder pumps and injectors, nozzles, and elements; fuel injection test benches and repair equipment; and bearings and bushes for a range of applications, including tractor, light, and heavy duty commercial vehicles, as well as two wheelers and stationary diesel engines. In addition, they engage in leasing and managing warehouses.
The company is based in Gurgaon, India with additional offices in Ahmedabad, Bangalore, Bhopal, Chennai, Cuttack, Ernakulam, Ghaziabad, Guwahati, Jaipur, Jalandhar, Kolkata, Lucknow, Mumbai, New Delhi, Patna, and Secunderabad. The company has operations in the Middle East, Africa, and South East Asia.
Usha International Ltd was incorporated in the year 1935 as Jay Engineering Ltd. The company was established for producing quality sewing machines for the first time in India. The first sewing machine was produced in a disused motor garage in Kolkata, by four men working with their bare hands.
In the year 1955, the company was diversified into electric fans and they set up their first full-fledged fan factory near Kolkata in 1956. In the year 1968, they set up their second fan factory was set up at Hyderabad and in the next year, they set another one in Agra. In the year 1975 the company became a public limited company.
During the year 1993-94, the company entered into a technical collaboration agreement with Janome Sewing Machines Co of Japan, one of the largest sewing machines manufactures in the world for the manufacture of automatic zig zag sewing machines. In the year 2000, the company commenced marketing of Light Weight Kerosene pumpsets powered by Honda engines.
During the year 2003-04, the company incorporated Shriram Fuel Injection Industries Ltd as 100% subsidiary of the company. They transferred their Fuel Injection Business to that new 100% subsidiary company as of close of March 31, 2004.
During the year 2007-08, Usha International Ltd and Shriram Fuel Injection Ltd merged with the company with effect from April 1, 2007 and the name of the company was changed from Jay Engineering Works Ltd to Usha International Ltd. Owing to the merger, Avro Sales Pvt Ltd, a wholly owned subsidiary of erstwhile Usha International Ltd has become a subsidiary of the company.
During the year, the company launched MC-200E from Janome in the Memory Craft series. Also, they introduced seven new sewing machines models in the high-spped industrial category. In the Electrical Motors and Pumps, the company launched a full range of compressor pumps in the Eastern India. Also, they introduced new 0.5 HP Mini Monobloc model in the economy.
During the year 2008-09, in the Sewing machines, the company introduced six new models to cater to the requirements of large garment manufacturers and export units. Also they expanded their network of 1500 dealers to reach smaller towns and a wider audience of potential customers.
During the first quarter of financial year 2009-10, the company acquired 50,000 equity shares of Rs 10 each of Siel Holding Ltd for a consideration of Rs 607.47 lakh.
The promoter companies, namely M S R Enterprises Pvt Ltd, Perennial Investments Pvt Ltd, Greenfields Commercial Pvt Ltd and Siel Holdings Ltd, are proposed to be amalgamated with the company with appointed date being April 1, 2009.