Bemco Hydraulics to form a subsidiary company

Bemco Hydraulics has received an approval to form a subsidiary company to undertake manufacture of specialized kind of high pressure pumps and valves along with one Jagdish Joshi, who holds the expertise in the field. Bemco’s investment would be 80% in the form of working capital & infrastructure and that of Jagdish Joshi will be 20% in the form of technology & design.

The board of directors of the company approved for the same through a circular resolution passed on January 06, 2015.The proposed name of the company is under approval stage with the officials of Ministry of Corporate Affairs.

Bemco Hydraulics with its classic range of Hydraulic Presses caters to the needs of industries involved in metal working, plastics, wood, rubber, electronics and electricals in India and abroad.