1982
• Incorporation
1999 - 2000
Technical Collaboration with LIPE UK (division of Dana Corp., USA) during India’s BS migration
2005 - 06
• 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
• Set up SETCO UK – Acquired LIPE (UK) from Dana Corp., USA
• Set up SETCO NA- Acquired US facility from Haldex AB Sweden
2009 - 11
- 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
2013 - 14
Launch of clutches to cater Aftermarket segment
2014 - 15
- Setting up of Diaphragm Spring Manufacturing Facility.
- Launched Foundry (Lava Cast Pvt. Ltd.) under JV arrangement
2016 - 17
• Supply of new Clutch Cover Assembly to OEMs
• Commencement of commercial operations of Lava Cast
• Commencement of commercial operations of Lava Cast
2017 - 18
Launch of clutches for Farm Equipment (Tractor) segment and American market
2018 - 2019
BS-VI Approvals from all OEM Partners on target.
2019 - 2020
Foray into FARM TRACTOR Segment and BS VI Clutches.