Maruti Suzuki India Limited’s Board of Directors has approved the incorporation of a new company, ‘OSAMU SUZUKI CENTRE OF EXCELLENCE (OSCOE) FOUNDATION’, as a wholly-owned subsidiary. This foundation, to be incorporated under Section 8 of the Companies Act, 2013, aims to promote vocational and technical skills in India, enhance manufacturing excellence, and contribute to the nation’s manufacturing sector growth through Corporate Social Responsibility initiatives.
Maruti Suzuki India Establishes New Foundation
In a strategic move towards corporate social responsibility and skill development, Maruti Suzuki India Limited (MSIL) announced that its Board of Directors has approved the incorporation of a new entity. This proposed company will operate under the name ‘OSAMU SUZUKI CENTRE OF EXCELLENCE (OSCOE) FOUNDATION’, or any other name as approved by the Registrar of Companies.
Objective and Scope of the Foundation
The new foundation will be established as a wholly-owned subsidiary of Maruti Suzuki India Limited and will be incorporated under Section 8 of the Companies Act, 2013. Its primary objective is to promote and enhance vocational and technical skills, thereby advancing manufacturing excellence and best practices across India. The foundation will also focus on disseminating Japanese manufacturing philosophies, practices, and the teachings of Mr. Osamu Suzuki. This initiative is intended to contribute significantly to the growth and competitiveness of India’s manufacturing sector, aligning with the company’s Corporate Social Responsibility commitments under Section 135 of the Act.
Financials and Investment
The incorporation will involve an initial paid-up share capital of INR 100,000, divided into 10,000 equity shares of face value INR 10 each. Maruti Suzuki India Limited will hold 100% shareholding in this new subsidiary, funded through cash consideration. The company has sought approval from the Registrar of Companies for this incorporation. The Board meeting where this decision was taken commenced at 11:50 a.m. and concluded the approval at 1:10 p.m. on October 27, 2026.
Source: BSE
