Kerala Agro Machinery Corporation, Ltd ((KAMCO)

COMPANY PROFILE Introduction KAMCO was established in the year 1973 as a wholly owned subsidiary of Kerala Agro Industries Corporation Limited, Thiruvananthapuram for manufacture of agricultural machinery specifically Power Tiller. Subsequently KAMCO becomes a separate Government of Kerala undertaking in 1986. The punch line of KAMCO is Engineering Green Revolution. KAMCO has been successfully engineering the Green Revolution in India through the manufacture of indigenous and quality agricultural machinery like Power Tiller, Power Reaper, Combine harvesters, Harvester, transplanted accessories and spares. The objectives of the company includes establishment of engineering workshop, repair shops to undertake repair and servicing of agricultural machinery or other machinery, equipment, implements and tools. The Assembly unit was established in 1970 at Athani by Kerala Agro Industries Corporation for the assembly of KUBOTA Power Tillers in technical collaboration with KUBOTA Ltd Japan, the worlds leading manufacturers of Tillers and Other Agricultural machinery. On the expiry of collaboration KAMCO manufactured Power Tillers with their own facilities. KAMCO manufacturing facilities include special purpose machines and imported machines. The inspection facilities include modern inspection and testing equipment. KAMCO have their own methodology, calibration and engine testing lab. KAMCO an ISO 9001:2000 certified company is a fully owned Government of Kerala undertaking under the ministry of agriculture. KAMCO is engaged in manufacturing small agricultural machine mainly intended for small and marginal farmers in the country. Company has now completed 40 years of services. It has got 4 units operating in Athani, Kalamassery, Mala and Kanjikode. At present company employees approximately 750 persons in four units. The company is working profitably for the past 15 years. The company was incorporated with the intention of manufacturing and marketing agricultural machines useful for small and marginal farmers. Vision Statement KAMCO with over 3 decades of engineering excellence stands as the No: 1 Power Tiller manufacturer in India. Not surprising, with four state of the art production plants, an innovation R & D and stringer quality control system rated as one of the best in the country. The technically competent, dedicated management and workforce will go on to ensure that KAMCO shall be the leader for several years to come. Mission Statement 1. To be an innovative resourceful and profitable company. 2. To meet customer requirements of quality, service and price consistently.

3. To make doing business with us easy and delightful to our customers. 4.To provide a congenial, and entrepreneurial work environment in which employees can respond to the needs of business and service earn fair rewards and can be satisfied employees. Ownership Pattern Kerala Agro Machinery Corporation, Ltd ((KAMCO) was incorporated on 24th March 1973 as a wholly subsidiary of Kerala Agro Industries Corporation, Ltd (KAIC).It has technical collaboration with KUBOTA Ltd, Japan for the manufacture of tiller. The collaboration was ended in 1979.As per the Government order No: GO. (MS) 216/05/no: dated 8th July 1985 of agriculture department it ordered to terminate the subsidiary status of company by transferring to the Government. The entire shares of Rs.117 lakhs held by KAIC in this corporation were accordingly transferred to the state government by the board in its meeting in 1985, for a nominal value of Rs1 for the entire shares of Rs.117 lakhs. The state government further ordered that the loan of Rs.25 lakhs by the government to the company be converted as equity shares of the government. The board of directors on 1986 allotted 25000 equity shares of Rs 100 each as fully paid shares. The government further ordered that the interest due to the government on the loan amount of Rs.25 lakhs be converted as equity shares of government. Accordingly the board in its meeting held on 1989 allotted to the government of Kerala, 19460 equity shares of Rs. 10 each of fully paid up shares representing the interest on the loan of Rs.25 lakh. Thus the paid up share capital of the company at present is 161460 equity shares. Paid up capital is Rs.161 lakhs and present net worth of the company is Rs.6014.14 lakhs.