MAJESTIC AUTO LIMITED (MAL) AT GLANCE
The Company was originally incorporated as a Private Limited Company on 23.4.1973 under the name “Majestic Gears (P) Limited”. It was manufacturing various bicycle components for M/S Hero Cycles Pvt. Ltd and was a part of India’s well known Hero group of companies comprising of 30 companies, each one having established its own respective production line in India and in International Market.
It was promoted by Sh. Satyanand Munjal, Sh. Brijmohan Lall Munjal and Sh. Om Parkash Munjal of Hero Cycles Limited.
In 1975, having understood the requirement of Indian markets of Two Wheeler Industry, Majestic Auto Limited decided to go in for production of a moped.
The company converted to a Public Limited company on 2nd April, 1977. The name of the company was changed to M/s Majestic Auto limited and a fresh certificate of incorporation was obtained on 9th August, 1977.
In 1978, the company diversified into the manufacture of 49CC Mopeds under the brand name of “HERO MAJESTIC”. It became the largest producer of Mopeds in India. It has grown to catering customers and became a renowned brand name in the Moped production by recording a phenomenal growth, every year, in its production capacity.
The Company became full-fledged Public limited Company on 29th October 1985.
With a boom in automobile sector the company focused on both Exports and domestic market demands.
MAL diversified in 1999 in the field of Fine Blanked Components in technical collaboration with Feintool of Switzerland. The Company supplied components for major automobile companies of India like Maruti, Tata Motors, Mahindra & Mahindra, Ford, Toyota, General Motors, Bosch India, Fiat, Hero Motocorp and Force Motors. The company also established a modern unit to manufacture various type of silencers for Hero Motorcycles, Stator and Rotor assemblies for LG Electronics and Tecumseh.
It also launched 4-stroke Moped for the first time in India in the year 2002-03.
It was a leading manufacturer of sheet metal components mainly mufflers of various models for Hero MotoCorp Limited naming –Power coated muffler and Chromeplated muffler.
The company also manufactured electrical motor parts such as die cast rotors for application in refrigerator compressors, washing machines and power steering and electric fans.
Since the year 2015 Majestic Auto Limited has transitioned into ‘Real estate and Facility Management Services’ and acquired Emirates Technologies Private Limited (ETPL) also known as ‘Knowledge Boulevard’ located at Plot No. A-8A, Sector – 62, Noida with built up area of approx 8,00,000/-square feet and 11 floors.
Further, in 2017 company largely focused upon Real Estate & Facility Management business by discontinuing manufacturing operations.
MAL also have a wholly owned subsidiary named Majestic IT Services Limited which is into Real Estate & Facility Management business.
Majestic Auto Limited is a widely held public company and its shares are listed with the Bombay Stock Exchange Limited, Mumbai.
All these exemplary achievements have been made possible by the vision and leadership of our Managing Director, Mr M.C. Munjal. Under his guidance we have built a strong team of professionals who strive to take the company to new heights.