Cranex was incorporated as a Private Limited Company in 1973 and has a track record of uninterrupted profit every year during the past 27 years from its very inception. It was converted into a Public Limited Company in 1985 and went Public when its shares were heavily over subscribed, raising the equity from 2 million to 14.5 million Indian Rupees and became a quoted company, listed at Bombay and Delhi Stock Exchanges. To fund diversification and growth plans, Rights issue was made raising the equity from 14.5 million to 43.6 million Indian Rupees as on 11-01-1994. The paid-up capital is Rs.50 million and net-worth is Rs.96.34 million as on 31-03-2000.