1957. The company was founded in Vilnius. Its first products were long straight-shank twist drills, and taper-shank drills followed the same year. In 1957, 275 employees made 110,588 straight-shank drills, Ø 2.00–10.00 mm.
1960–1965. Production capacity grew significantly, new products and processes were introduced, and the workforce increased from 731 to 2,278. From 1965 the plant made long, jobber-length and stub-length standard and special straight-shank twist drills, as well as centre drills.
1966–1968. Production of long special drills began in 1966, and in 1968 a micro-drill workshop opened, making drills of Ø 0.25–1.55 mm.
1979. New technology was introduced: the plant designed and built more than 40 original machine tools, automatic machines and semi-automatic devices.
1981–1989. The plant specialised in HSS and HSSCo twist drills of Ø 0.35–45.00 mm and deep-hole (auger) drills of Ø 4.00–14.00 mm for metal, solid carbide micro drills of Ø 0.40–2.00 mm, drill sets for household use, spare parts for agricultural machinery and equipment for drill production. In 1988 the plant began making end mills for drilling and milling holes of various shapes in light-alloy and plastic profiles.
1996. On 6 March the general meeting of shareholders decided to establish the joint-stock company AB Grąžtai.
2002. A quality management system certified to ISO 9001 was introduced.
2003. ŽŪB Džeirana became the main shareholder. Between 1957 and 2003 the plant made 1,000,000,000 drills.
2006. The company won the silver medal of “Lithuanian Product of the Year” at the exhibition of the Lithuanian Confederation of Industrialists.
2007. Construction of a heat-treatment workshop began in Raseiniai, and the first stages of production moved there.
2014. The online shop opened, with around 1,000 different drills.
2016. 7 May 2016 was the last day of drill production in Vilnius. Since then all drills have been made in Raseiniai.
2018. The company launched new hex-shank drills made of cobalt steel with a titanium nitride coating.