Business

Background 

Spectra Industries Limited is a Public Limited Company, listed in the Bombay Stock Exchange.

The company was incorporated as a Public Limited company on 23rd July, 1992 in the State of Maharashtra and obtained a certificate of commencement of business on 14th August, 1992 and is operating through its own premises located at Malad West, Mumbai. The Company had set up a Commercial Press Shop at Murbad (near Kalyan, 80 kms from Mumbai) having infrastructure for processing large automobile sheet metal components such as, all skin panels like roof panel, bonnet, dicky, doors, wheel fenders, bumpers, petrol tanks etc. These automobile parts were manufactured for various automobile companies especially FIAT. Thereafter due to closure of plant of FIAT in India the company’s manufacturing activities were reduced considerably. At this point of time the company started to look for diversification. In the mean time the company continued the holding on operations by undertaking trading activities with a view to recover the overheads. Due to this the company could maintain its net-worth intact.

During the year 2010, the company has taken up the dealership business of Mahindra Navistar Automotives Limited. The Company has established a proprietary unit “Spectra Automotives” to cater needs of sales, service and spares of Light Commercial Vehicles in the range of 4 tonnes gvw to 6 tonnes gvw and Heavy Commercial Vehicles like goods vehicles and buses in the range of 25 tonnes gvw to 49 tonnes gvw in the territory of entire Mumbai, Navi Mumbai, Thane and Raigad district. It includes Construction tippers, Haulage vehicles and Tractor trailors. The Company has set up a workshop at Mira Road and Nerul, and soon starting another workshop at Ajiwali, Panvel, Navi Mumbai, and also providing doorstep service to the customers on their request in case of emergency.

Current Business 

The company is currently continuing with manufacturing activities on a small scale and supplementing its income by doing trading business in various items like chemicals, foodgrains, steel, coal and various other commodities. The company has secured dealership of Mahindra Navistar Automotives Limited and has already started sales and service workshop at Mira Road, Thane and another such establishment at Panvel, Navi Mumbai which is on completion stage and to be started soon. With brand name of Navistar and Mahindra Group and rich experience of Promoters in the business the company is confident to perform well in future.