Who We Are
 
Company profile
XLO India Limited was set up in 1958 to manufacture fabricate Steering Gear assemblies, Propeller Shafts and Machine tools.

XLO India was founded on 10th March, 1958 formerly known as M/s Amerind Engineering Pvt. Ltd. In 1960, the company got technical and equity participation from Ex-cell-O USA and thus the name changed to Ex-Cell-O India Ltd. The company also obtained collaboration from Ross Gears & Tool Co. Ltd. (Division of TRW, USA) in 1961.

During these years (1960s), following three products were manufactured with different collaborations at the company plant located in Thane near Mumbai.
 
     
     
 
  Product  
Collaboration
  Steering Gear Assemblies   Ross Gear Divisions of TRW Inc., USA. (from year 1964 to year 1974)
  Propeller Shafts/Cardan Shafts   Hardy Spicer Ltd., UK.
  Machine Tools   Ex-Cell-O Corporation, USA. (till year 1978).
 
   

In 1978, the company became Indian owned & solely Indian as the name too changed to XLO India Limited. An overall expansion took place some and the manufacturing activities were shifted to Nashik during 1974/75.

In 1984/85, XLO underwent a major corporate restructuring program. Every product division became a separate company.  The Machine Tools Division was sold off in 1995. The two products viz. Steering Gear Assemblies & Propeller Shafts are now being manufactured at two separate companies & at two separate plants as follows.
 
 
  Product  
Company
  Steering Gear Assemblies & Steering Joints.   XLO India Ltd.
  Propeller Shafts/Cardan Shafts & Universal Joints.   Hindustan Hardy Spicer Ltd.
 
 
  XLO India Plant Details    
  Area of Plot at Nashik   51,090 Sq. Meters.
  Buildup Area of Plant   10,000 Sq. Meters.
  No. of employees at Plant   253
  No. of employees at Registered Office, Mumbai   10
  Marketing Staff at New Delhi, Chennai & Calcutta   6
 
 
  Turnover (Gross with excise)    
  2004 - 2005   Rs. 256.62Millions.
  2005 - 2006   Rs. 305.71Millions.
  2006 - 2007   Rs. 358.83 Millions.
  Target for 2007-2008   Rs. 413.50 Millions.
  Target for 2008-2009   Rs. 475.00 Millions.
  Target for 2009-2010   Rs. 540.00 Millions
  Target for 2010-2011   Rs. 620.00 Millions
 
 
XLO INDIA Ltd. is a closely held Public Limited Company with 45% Share holding with Unit Trust of India & General Insurance Company of India. 51% of the share holding is with Mr. S. C. Saran, Chairman & Managing Director.

The organization is headed by Mr. S. C. Saran who is a Mechanical Engineer from Carnegie-Mellon University, U.S.A. and an MBA (Finance) from Columbia University, U.S.A. The company is professionally managed and over the years, a cadre of qualified Managers and Engineers have been put together to man the divergent functions. At XLO, the focal point at all times has been on quality, skills and updating.