Formerly known as Punjab Tractors Limited, the company was taken over by Mahindra Group in 2007 and subsequently in 2009, the name was changed to swaraj division.

In April 1965, on Suri's invitation, Chandra Mohan quit Indian Railways and joined CMERI.

In September 1965, a five-page proposal was submitted to Union Planning Commission (Subsequently changed to Niti Aayog) and the project was assigned.

Indian Patent Office, Kolkata and IIT Kharagpur (The only institute running PG course in Agricultural Engineering at that time).

The first prototype testing in 1967 proved to be a failure, but the team continued to improve their design, thereby gaining vital experience in the process.

This was followed by mandatory evaluation by Tractor Training & Testing Centre, Budni (MP), and filing of patents.

As of 2016, the division has over 2100 employees, a network of over 1500 sales/service centres and 600 dealerships across India, while the product portfolio comprises tractor models ranging from below 30HP to over 50HP power.