Banco Products (India) started in 1962 with the goal of supplying quality products and services for maximum client satisfaction to clients throughout the world. It is working in collaboration with Elring Klinger, Germany and Japan Metal Gaskets, Japan for the Indian market.

The company is having four modern manufacturing plants based at Baroda (Vadodara), approximately 400 kilometers north from Bombay (Mumbai), with state-of-the-art facilities for Production, Design & Development and Quality Assurance. We have a dedicated and professional team working on innovative programs using advanced technology to meet tough challenges.

With a personnel strength of 600 plus dedicated to produce a better product, combined with constant investments in Design and Development, Banco Products (India) Limited is at the forefront of its field.

Banco Products (India) has been a dedicated supplier of high quality engine cooling components and engine sealing gaskets to the automotive industry for over four decades. It offers a complete line of radiators, intercoolers, oil-coolers and all types of engine gaskets.

In February 2010, the board of the company  decided to acquire Nederlandse Radiateuren Fabroiek and its subsidiaries, engaged in the business of manufacturing and distribution of heat transfer products, by purchasing 100 per cent of its equity from shareholders at an aggregate consideration of 17.70 million euros. In March the the company completed the acquisition and Nederlandse Radiateurn Fabriek B.V. - Netherlands become 100% subsidiary of the Company with effect from February 23, 2010.

In 2009, Banco Products finalised contracts with three US-based auto wholesalers in the July-September quarter, marking its entry into the US market.

In  September 2008, Banco Products (I)  announced that the Board of Directors at its meeting held on August 30, 2008, inter alia, has approved a proposal for amalgamation of Ganga Investments Pvt. Ltd with the Company. The Board of directors also approved share exchange ratio recommended by valuers as 236:1 i.e. 236 equity share of Rs 2 each of the Company to be given in exchange of every one equity shares of Rs 100 each held by the shareholders of Ganga Investments Pvt. Ltd whose names appear on Record Date as may be fixed by the Company in due course of time after obtaining the various approvals.

In 2007, Banco Products (I) allotted 6,78,208 equity shares of the face value of Rs 10 each share at a price of Rs 150 per share (33,91,040 equity shares of Rs 2 each at price of Rs 30 per share after sub division) to Japan Metal Gaskets Company Ltd Japan on preferential basis.

Products range of the company:

Banco Products (India) Ltd.

Wheels India Ltd.

GNA Axles Ltd.

Sandhar Technologies Ltd.

Federal-Mogul Goetze (India) Ltd.

Lumax Auto Technologies Ltd.

Lumax Industries Ltd.

Precision Camshafts Ltd.

Subros Ltd.

India Nippon Electricals Ltd.

Rico Auto Industries Ltd.

Jay Bharat Maruti Ltd.

LG Balakrishnan & Bros Ltd.

Automotive Stampings and Assemblies Ltd.

Pricol Ltd.

HDFC Bank Ltd.

ICICI Bank Ltd.

ITC Ltd.

Reliance Industries Ltd.

Tata Motors Ltd.

Market Cap	1,463 Cr		EPS	28.2		High	208.4
Stock P/E	7.3		Net Profit Margin	8.2		Low	202.3

Open Price	205.15	Volume	100
Prev. Close	205.15

BANCOINDIA