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HISTORY

1939

Associated Textile Engineers (A.T.E.), is founded by S H Bhagwati to sell textile machinery in India.

1954

Atul Bhagwati joins A.T.E. A.T.E. brings European textile technology to India, through representations of leading manufacturers. Over the next few years, the organisation grows. In addition to this, A.T.E. helps several of A.T.E.’s European principals find Indian licensees.

1973

Prakash Bhagwati joins A.T.E., and heads the group’s manufacturing efforts and adoption of technology in India.

1973

Formation of Stovec Industries Limited, a joint venture with Stork N. V., Netherlands (for manufacturing rotary screen printing machines, accessories and engraved screens for the textile printing industry and pre-sensitized positive/negative aluminum offset plates for graphic arts industry).

1975

Formation of A.T.E. Industries Private Limited. Licenses: C. Eugen Maier (1975), (for manufacturing flyers for textile spinning).

1981

Formation of Trumac Engineering Company Private Limited, a joint venture with Trützschler GmbH & Co KG, Germany (for manufacturing blow rooms, cards, and draw frames for the textile spinning industry).

1981

Formation of Erhardt + Leimer (India) Limited, a joint venture with Erhardt + Leimer GmbH, Germany (for manufacturing web-guiding, web-tension monitoring and control systems for textile, paper, foil, film, packaging, tyre and non-woven industries).

1988

Formation of Johnson Pump (India) Limited, a joint venture with Johnson Pump AB, Sweden (for manufacturing self-priming pumps, process pumps, multistage pumps, internal gear pumps, marine pumps and flexible impeller pumps for marine, pharmaceutical, environmental engineering, chemical, petrochemicals, food, paper and general industries).

1994

  Anuj Bhagwati, son of Atul Bhagwati, joins the group.    

1997

Formation of cooperation with A. Monforts Textilmaschinen GmbH & Co, Germany for manufacturing stenters in India.

2002

Formation of A.T.E. Enterprises Private Limited, a spin-off of its sales, marketing, distribution, and after sales service business from A.T.E. Private Limited as a separate entity.

2002

Formation of Zinser Textile Systems Private Limited, a joint venture with Zinser, part of the Saurer Group, Germany / Switzerland (for manufacturing roving frames for textile spinning industry).

2005

Formation of A.T.E. Technologies Bangladesh Private Limited

2006

Formation of EcoAxis (for providing machine-to-machine solutions across industries and manufacturing register control systems for printing, packaging and publication industries).

2007

Restructuring of ownership of the A.T.E. Group between the families of Atul Bhagwati and Prakash Bhagwati. A.T.E. Private Limited, the group holding company, is now owned by Atul Bhagwati and family. A.T.E. Industries Private Limited (now known as Inspiron Engineering Private Limited), Erhardt + Leimer (India) Private Limited, Johnson Pump India Limited, and Stovec Industries Limited are spun off from the A.T.E. group.

2008

Entry into clean technology through investment in HMX Systems Private Limited, which manufactures innovative and energy efficient products for comfort cooling.

2008

Further investment in clean technology through investment in A.T.E. Envirotech Private Limited (formerly known as Alps Environmental Technologies Private Limited), which provides solutions in the field of water and wastewater management.

2009

Investment in Valence Electrons (P) Limited, providers of world-class industrial static control products and solutions.

2011

Acquisition of the textile machinery component business of SKF India Ltd and formation of TeraSpin.  

2014

Merger of HMX Systems Private Limited and EcoAxis Systems Private Limited with A.T.E. Enterprises Private Limited.

2015

Divesting of A.T.E.’s stake in Zinser Textile Systems Private Limited.

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A.T.E. Enterprises Private Limited of India and Savio Macchine Tessili group from Italy have entered into a strategic partnership at parity position for sales & marketing of Automatic Winders, Two-For-One Twisters (TFO), Continuous Yarn Shrinking Machines, OE Rotor Spinning Machines in India from 1st April 2016.

The Savio Group for more than 100 years after its modest beginning in 1911 has played major role in development of textile industry worldwide and with its manufacturing facilities in Italy, India and China that offers state of the art machines. (Read more...)