Overview: Maruti Suzuki India Limitedis an automobile manufacturer in India. It is a Large Cap company with a market capital of Rs 234563.66 Crore.
About the company: Maruti Suzuki India Limited wasincorporated as Maruti Udyog Limited on February 24, 1981. The company was formed as a government enterprise to make car affordable for middle class people in India.
In 1982, the Government of India (GoI) and Japan’s Suzuki Motor Corporation (SMC) entered into a joint venture agreement, whereby SMC acquired a 26% stake in MSIL. In the year 1983, the company started their productions and launched Maruti 800.
The ownership structure changed in fiscal 2003, when SMC increased its equity stake to 54.21%, making Maruti Suzuki India Limited its subsidiary. By September 2007, Government of India had offloaded its equity to Indian financial institutions, including banks and mutual funds.
The company is engaged in the business of manufacturing, purchase and sale of motor vehicles and spare parts (automobiles). The other activities of the company include facilitation of pre-owned car sales, fleet management and car financing.
The company has manufacturing facilities in Gurgaon (two plants) and Manesar (three plants). Along with SMC’s unit in Gujarat (2 plants), total installed capacity is around 2 million units per annum.
Maruti currently has 16 models with over 150 variants across segments. Maruti Suzuki has 3617 sales outlets and 3904 service stations across India.
Management: Mr. Kenichi Ayukawa is the Managing Director & CEO of Maruti, and Mr. R C Bhargava is the Chairman.
Shareholding Pattern (2020):
• ForeignPromoters: 56.4%
• Foreign Institutional Investor: 21.9%
• Other Institutions: 9.2%
Dividend:Maruti Suzuki India has declared an equity dividend of 1200.00% amounting to Rs 60 per share for the year ending March 2020. Login website largecapindia.co.in