DGP Hinoday Industries Ltd. is a joint venture between the Rs.10 billion (US$ 200 million) DGP Enterprises and Hitachi Metals, Japan, a US$ 3.7 billion corporation. Hinoday is India's No.1 manufacturer of Ceramic Magnets and Ferrite Cores, used widely in automobiles & consumer electronic industries. Hinoday has now established itself as the largest supplier of SGI castings to the Indian automobile industry.
Hinoday's commitment to build long term relations with its customers, by continuously enhancing their competitiveness through superior products and reliable delivery has consolidated Hinoday as the undisputed leader in the Indian Ferrite Industry.
Hinoday has a 46% share of the Indian ferrite market. 7 out of 10 televisions use Hinoday ferrites and 86% of the ferrite requirement of the Indian Automobile Industry is met by us. Today, 23% of our total sales is exported to the leading OEMs in Europe,USA and South East Asia.
The Three Decades
1963 - Dr. D.E. Morris, an American solid-state physicist, sets up the company as Morris Electronics Ltd. and pioneers ferrite manufacturing in India.
1974 - First ever use of ferrite for the two wheeler magneto application in India.
1980 - Dilip G. Piramal group takesover the management of the company.
1984/85 - Technical collaboration with Hitachi Metals,Japan, for Hard & Soft ferrites.
1987 - Equity participation by Hitachi Metals.
1991-93 - Indigenisation of ferrites for use in new generation automobiles & colour televisions.
1994 - ISO 9002 certification.
1996 - Equity increase for investing in plant & machinery to attain international scale manufacturing capacity. Morris Electronics Ltd. renamed as "DGP HINODAY INDUSTRIES LTD."
1997 – Diversification into SG Iron Automotive Castings.
1998 - S.G. Iron Automotive Casting sales commence.
1999 - Colour Deflection Yoke Core business established.
2001 - QS9000 certification for automotive castings and ceramic magnets group. Automotive castings production crosses 1000 tons / month.
