Dynamatic Technologies
 | |
| Company type | Public |
|---|---|
| NSE: DYNAMATECH BSE: 505242 | |
| Industry | Aerospace, Automotive, Hydraulics, Security |
| Headquarters | Bangalore, India |
Key people | Udayant Malhoutra (CEO & Managing Director) |
| Divisions | Dynamatic Hydraulics, Dynamatic-Oldland Aerospace, JKM Ferrotech Limited |
| Subsidiaries | JKM Research Farm Limited, JKM Global PTE Limited, JKM Wind Farm, Eisenwerk Erla GmbH, Dynamatic US LLC |
| Website | dynamatics |
Dynamatic Technologies is an Indian precision engineering company, based in Bangalore.[1][2][3][4] The company is a global supplier of parts to aerospace, automotive, hydraulic and security assemblers.[5] Udayant Malhoutra is the CEO & Managing Director of the company.[6]
History
[edit]Dynamatic Technologies was incorporated in 1973 as a manufacturer of hydraulic pumps. In the 1990s, it expanded to aerospace grade components and aircraft assemblies. In the early 2000s, the company tied up with Hindustan Aeronautics Limited and was involved in fabrication and assembly of HAL's subsonic intermediate training jets. It started making body parts for Sukhoi Su-30MKI and Lakshya jets. It then began supplying flap track beams to Airbus for its A320 family of aircraft and the wide-body 330 aircraft.[7][8][9] This followed part contracts with Boeing for Boeing CH-47 Chinook[10] and Bell Textron for Bell 407 helicopters.[11] Dynamatic soon became the supplier of flap track beam assemblies for all of Airbus' single-aisle aircraft and Boeing's P-8 maritime aircraft for Indian, US and Australian navies.[12] In September, 2021 Dynamatic Technologies awarded a contract for manufacturing Aerostructure Assemblies for Boeing's F-15EX Eagle II Fighter Aircraft. [13][14]
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CEO Udayant Malhoutra handing over the 100th set of Su-30MKI assemblies to HAL -
UK Prime Minister Theresa May during her visit to Dynamatic's manufacturing unit at Bangalore
Acquisitions
[edit]- In 2008, Dynamatic acquired the British aerospace parts manufacturing company Oldland CNC for US$16 million.[15]
- In 2011, Dynamatic acquired German automotive component manufacturer Eisenwerke Erla GmbH.[16]
See also
[edit]References
[edit]- ^ Krishnan, Raghu (7 November 2016). "Theresa May to skip visit to IT firms in Bengaluru as UK turns protectionist". Business Standard India. Retrieved 19 March 2017.
- ^ "Stock Share Price dynamatic technologies ltd | Get Quote dynamatech | BSE". www.bseindia.com. Retrieved 21 March 2017.
- ^ "Next 500 2016". www.fortuneindia.com. Retrieved 17 August 2017.
- ^ "Next 500 2017". www.fortuneindia.com. Retrieved 17 August 2017.
- ^ "Dynamatic Technologies becomes Airbuss Tier-I supplier". 25 March 2014. Retrieved 10 September 2014.
- ^ Anderson, John Ward; Anderson, John Ward (1 August 1993). "INDIANS, FOREIGNERS BUILD SILICON VALLEY IN BANGALORE". The Washington Post. ISSN 0190-8286. Retrieved 21 March 2017.
- ^ Sanjai, P. R. (10 March 2015). "Management Case | Changing dynamics of Dynamatic Tech". mint. Retrieved 13 August 2021.
- ^ Vyas, Jwalit (24 July 2014). "Dynamic technologies set for a lift on orders for aircraft parts". The Economic Times. Retrieved 10 September 2014.
- ^ Shukla, Ajai (17 August 2017). "Dynamatic sets sights on becoming 'private sector HAL'". Business Standard India. Retrieved 14 August 2021.
- ^ "Boeing awards Chinook parts contract to Dynamatic". The Hindu Business Line: Mobile Edition. 4 July 2013. Retrieved 19 March 2017.
- ^ PTI (19 November 2014). "Bell helicopter ties up with India's Dynamatic Technologies". Retrieved 19 March 2017.
- ^ Shukla, Ajai (1 February 2016). "Dynamatic and the long road to 'make in India'". Business Standard India. Retrieved 13 August 2021.
- ^ "Dynamatic to manufacture Aerostructure Assemblies for Boeing's F-15EX Eagle II Fighter Aircraft". IIFL. Retrieved 17 September 2021.
- ^ "Bengaluru firm Dynamatic Technologies to make aerostructure assemblies for Boeing's F-15EX Eagle II fighter aircraft". The Economic Times . 17 September 2021. Retrieved 17 September 2021.
- ^ "Dynamatic Technologies Ltd" (PDF). NSE. Retrieved 13 August 2021.
- ^ Abrar, Peerzada; Nair, Radhika P. "Dynamatic Technologies buys German auto component maker Eisenwerke Erla". The Economic Times. Retrieved 13 August 2021.