History of KDDL
KDDL Limited,a public limited company was incorporated under the Companies Act, 1956 on 8th January, 1981 under the name and style of “Kamla Dials and Devices Limited” and obtained a certificate for Commencement of Business on 6th February, 1981.The Registered Office of the Company is presently situated at Plot 3, Sector III, Parwanoo-173 220 Himachal Pradesh. The Corporate Office is located at Kamla Centre, SCO 88-89, Sector 8-C, Madhya Marg, Chandigarh-160 009. The Company is managed by Saboo Business Group (SBG) and other professional Directors under the Chairmanship of Shri R.K. Saboo. The Company was started with one manufacturing unit of watch dials in Parwanoo (HP) in 1981 and over a period of time with good corporate governance and ethics, the Company has written a growth story having 8 manufacturing units including watch hands and tool room apart from watch dials. Each unit is managed by Unit Management Board comprising highly professional of commercial and technical staff under the leadership of Unit Head.
Our vision is to globalize India as a market for watches and a leading source of manufactured products for the watch and other precision led businesses. We are using India’s well-developed technical expertise to create state-of-the-art factories, offering top quality products while competing with the best in the world. As India becomes a global manufacturing hub, we aim to play a leading role in the watch and precision engineering business.
At the same time we envision India as a booming market for the world’s best products. Swiss watch companies already see India as the market with the greatest growth potential. Our Vision is to play a central role in the retail of Swiss watches and in the retail of a wide range of luxury lifestyle products.
Setting up of TTPA - Watch Dials Division
Promoted in 1981, KDDL implemented its first watch dials project at Parwanoo with Swiss technical collaboration and commenced production in 1983.The Parwanoo unit is now focused on the European market in its international domain.
Watch Hands Division
A manufacturing line for high-quality Watch Hands was set up in 1993 as an R&D unit in Bangalore. The unit started with watch hands production in 1996, making Kamla the first and only manufacturer of quality watch hands in India.
Eigen Precision Engineering Business
A Tool Room Division (KTRM) was started at Bangalore in 1997 as a separate profit centre, to cater for specialized tooling for all units as well as potentially to meet opportunities outside as well. In 2005, this became EIGEN, our new division, focused on rapid growth catering to opportunities in the precision engineering business outside the watch industry.
Ethos Watch Boutiques
In 2003, KDDL entered the growing business of organized retail by conceiving and starting ETHOS, a national chain of retail stores specialized in selling Swiss watches. With more than 43 stores in operation across a number of tier 1 and tier 2 Indian cities in 2016, this is already India largest Swiss watch retail chain.