ITM Factory started in Mumbai (Cutting tool Division)
ITM Factory started in Nasik
ITM Factory started in Aurangabad
Birla Kennametal JV Factory started in Aurangabad (Tool Holder division) in technical collaboration with KM USA
Birla Perucchini (Foundry division) Factory started in Aurangabad in technical collaboration with Fonderia Perucchini SPA of Italy
ISO 9001 Certification
Renamed as BPTL after Stake acquired from Kennametal
Started Precision Component & Casting Machining divisions
Launched Panther Series Cutting Tools & Tool Holders
Launched Torpedo Series HSS Tools , Ninja series Tools, Hathyar Tool Bits
Acquired MR Tools, UK and entered into Carbide tools
Started New Project of ITM Chalisgaon Factory
Started Subsidary "BPT Gmbh" in Kornwestheim, Germany