Key Milestones

1982
•  Year of incorporation

1984
•  Commercial production

1995-96
•  Commenced exports

1999-2000
•  Crossed Rs.100 million turnover mark

2000-01
•  Signed a technical collaboration with LIPE UK, a division of Dana Corporation, USA
•  Pioneered ceramic metallic clutch technology and offered to Tata Motors as an import substitute

2002-03
•  Commenced commercial supplies to Eicher Motors

2003-04
•  Developed the National field service network

2004-05
•  Crossed Rs. 500 million turnover mark
•  Started commercial supplies of new age clutches to Ashok Leyland

2005-06
•  American Private Equity – New Vernon Private Equity Limited invests in Setco Automotive
•  Acquires LIPE Clutch Division (UK) from Dana Corporation (USA) and establishes Setco Automotive (UK) Ltd.
•  Name changed to Setco Automotive Ltd. from Gujarat Setco Clutch Limited
•  Crossed Rs.1 billion turnover mark
•  Establishes a wholly owned subsidiary Setco Automotive NA Inc. (SANAI) in Paris, Tennessee for distribution
•  Acquires US facility from Haldex AB Sweden for $4.9 million through SANAI
•  Established SETCO Foundation

2007-08
•  Set up Assembly operations in Uttarakhand (India)

2009-10
•  Crossed Rs. 2 billion turnover mark
•  Commenced state-of-the-art Press Shop in Kalol, Gujarat for developing clutches suitable to international vehicle manufacturers such as Volvo and Mercedes
•  Invested in robust MIS “SAP”

2010-11
•  Crossed Rs. 3 billion turnover mark
•  Forayed into newer markets in Central Asia, MENA Region, Africa, Latin America and South Asia
•  Extended SAP to global subsidiaries

2011-12
•  Crossed Rs. 4 billion turnover mark
•  Invested heavily in upgrading R & D capabilities

2012-13
•  Inauguration of state-of-the-art R&D centre
•  Department of Scientific and Industrial Research (DSIR) in India recognized R & D centre

2013-14
•  Launched Independent Aftermarket in India
•  Launched LCV clutches
•  Started doubling capacities in Uttarakhand
•  Invested in backward integration

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