18004190136
facebook linkedin youtube
 

A Long Journey

Home > About Us > A Long Journey
A Long Journey

VST Tillers Tractors Pvt Ltd is a part of VST group that was founded by Late Sri. V.S. Thiruvengadaswamy Mudaliar in the year 1911. Since then the group has grown successful on large distribution of Automobiles in Karnataka & Tamil Naidu.

A complete list can be downloaded from this link.

 

1966

 

  • Promoter VST Motors Pvt Ltd secures industrial license to manufacture power tiller.
  • The Government of Mysuru allots 18.5 acres of land and agrees to invest Rs 15 lakhs by Equity Capital and thus the first agro based industry in Mysuru state was established

 

1966
 

6th April 1966

 

  • The Govt. of India grants an industrial license to manufacture Power Tillers.

 

6th April 1966
 

10th November 1966

 

  • Joint Venture agreement signed by V T Padmanaban with Mitsubishi Heavy Industries Ltd (MHI) & Mitsubishi Shoji Kaisha, Japan.

 

10th November 1966
 

20 August 1968

 

  • VST Tillers Tractors Ltd was incorporated.

 

20 August 1968
 

1969

 

  • Purchase of land from Mysuru industrial area development board at Whitefield.

 

1969
 

7 March 1969

 

  • Dr Sir A Ramaswamy Mudaliar appointed as 1st Chairman along with Mr V.T Krishnamoorthy and Mr V.T Velu as Managing Director.

 

7 March 1969
 

25 March 1969

 

  • Honorable Chief Minister of Mysuru State, Shri Veerendra Patil releases first batch of Power Tiller.

 

25 March 1969
 

1970

 

  • Construction of factory building completed. K. Yamamoto takes over as technical director to lead the for indigenization program.
  • Mr V. T Padmanaban takes over as Chairman.

 

1970
 

4th Sept 1970

 

  • Smt. Kamala Bai Ammal inaugurates the factory.

 

4th Sept 1970
 

October 1972

 

  • High level world bank delegates visit the factory and gives excellent rating.

 

October 1972
 

1973-77

 

  • Poor demand for power tiller and low capacity utilization result in continues business loss.

 

1973-77
 

1978

 

  • Starts earning profits. First batch power tiller export to African countries.

 

1978
 

1980

 

  • Mr. V.T Padmanaban, Chairman passes away and Mr. V.T Krishnamoorthy succeeds as Chairman.

 

1980
 

1981

 

  • Introduction of Power tiller with water cooled engine.

 

1981
 

3 August 1982

 

  • The Govt. of India grants permission to manufacture 4WD tractors in the range of 14 to 20 bhp.

 

3 August 1982
 

1983

 

  • Technical collaboration with Mitsubishi Agricultural Machinery(MAM) for the manufacturing of India 1st 4 wheel drive (WD) MT 180D. Product lunch on 8th November 1985 by Mr. S. Inoue, President MAM.

 

1983
 

1986

 

  • Preferential capital of rupees 15 lakhs redeemed.
  • Subsidiary in Power tiller was introduce by Govt. of India.

 

1986
 

1986-87

 

  • Steep appreciation of Yen (Currency), consequently high import cost of CKD Parts made huge lose eroding the network. Company comes under review of Board of Industrial Finance and Rehabilitation (BIFR).

 

1986-87
 

1989

 

  • History turn around regains net worth come out of BIFR.

 

1989
 

20 February 1989

 

  • Mr. V.T Velu relinquishes his post of Managing Director and takes over as Chairman after guiding the company for over two decades without drawing any remuneration Mr. V.P Mahendra succeeded him.

 

20 February 1989
 

01 July 1990

 

  • Deputy Prime Minister Mr. Devi Lal visits the factory and recommends subsidy for small tractors.

 

01 July 1990
 

1992

 

  • Celebrate Silver Jubilee.
  • Declaration of Maiden dividend.

 

1992
 

1995

 

  • Central Agricultural Minister Shri. Balram Jhakar launches VST Shakti 130 DI Power Tiller.
  • VST precision components Ltd. was promoted by the company along with Kinsho-Matachi Corporation, Japan for the manufacture of the crucial engine components.

 

1995
 

1996

 

  • Mr. V.T Velu retires as the chairman and is succeeded by Mr. V.K Surendra.

 

1996
 

2003

 

  • VST Precision Components merges with VST Tillers Tractors Ltd.

 

2003
 

2005

 

  • VST awarded contract to supply 1500 Power Tillers to Assam under World Bank Scheme.
  • Company achieves milestone of 10000 Power Tillers and continues to remain a leader.

 

2005
 

2003-14

 

  • Company bags prestigious supply of 1500 tillers to Assam under the world bank aided scheme.
  • Surpassed production of 100000 power tillers.

 

2003-14
 

2006-07

 

  • Achieving milestone of 10000 tillers sales.
  • Joint venture agreement with Mitsubishi Heavy Industries Limited to manufacture Diesel engines at Mysuru.

 

2006-07
 

2010

 

  • Bonus share declared.

 

2010
 

2013

 

  • Setting up training center at Bhubaneswar in association with department of agriculture.

 

2013
 

2014

 

  • April 2013 launching of VT 224-1D ( 22 HP ) tractor.
  • Hosur plant inaugurated for the manufacturing of Tractor.
  • Record profit (PBT) of Rs. 122 crores.

 

2014
 

2015

 

  • On 12/May/2015 we rolled out the 3,00,000th Power Tiller.
  • VTTL-PCD have been conferred with “Best Supplier Award” by Mitsubishi Heavy Industries – VST Diesel Engines Pvt Limited at the supplier meet held on 26/06/2015. We have bagged this in New Product Development – Sub Contract Parts category, for the cam shafts’ supplied to them.
  • Management has signed the Memorandum Of Settlement with the Union of Precision Components Division, Mysuru on 19th June 2015 in the Office of Deputy Commissioner Labour, Bengaluru.

 

2015
 

2017

 

  • VST Tillers Ltd. has entered into Technology transfer Agreement with M/s. Kukje Machinery Co., Ltd, Korea for Manufacture of Higher HP Tractor (Branson 5025R model) in India.
  • The Tractor will be Co-Branded as "VST SHAKTI BRANSON". M/s. Kukje Machinery Co., Ltd is part of Tong Yang Moolsan Co., Ltd, Korea (TYM) group and it exports tractors to USA in the brand name of "BRANSON".
  • "BRANSON" is a well-known brand in USA having good track record of quality & customer satisfaction.

 

2017
 
The One Who
Supports
Us and You!
VST Shakti
Create sustainable crop solution to enhance farm productivity
facebook linkedin youtube