KEY MILESTONES

• Incorporation

Technical Collaboration with LIPE UK (division of Dana Corp., USA) during India’s BS migration

• PE Investment by New Vernon
• Set up SETCO UK – Acquired LIPE (UK) from Dana Corp., USA
• Set up SETCO NA- Acquired US facility from Haldex AB Sweden

• Forayed into new global markets – Central Asia, MENA Region, Africa, Latin America and South Asia
• Started vertical integration
• Set up R&D
• Set up SoA Press Shop

Launch of clutches to cater Aftermarket segment

• Setting up of Diaphragm Spring Manufacturing Facility.
• Launched Foundry (Lava Cast Pvt. Ltd.) under JV arrangement

• Supply of new Clutch Cover Assembly to OEMs
• Commencement of commercial operations of Lava Cast

Launch of clutches for Farm Equipment (Tractor) segment and American market

BS-VI Approvals from all OEM Partners on target.

Foray into FARM TRACTOR Segment and BS VI Clutches.