Pricol

PRICOL
Public
Traded as NSE[1] and BSE[2]
Industry Automotive
Founded 1972
Headquarters Coimbatore, Tamil Nadu[3]
India
Key people
 Vijay Mohan (Founder)
Vikram Mohan (Managing Director)
Vanitha Mohan (Chairman)
[4]
Products Dash Board Instruments, Sensors (All Types), Oil Pumps, Auto Accessories, Chain Tensioners, Idle Speed Control Valves,etc[5]
Revenue IncreaseIndian INR 1080.45 Crore (March ‘16)[6]
Indian INR 46.06 Crore (March ‘16)[7]
Number of employees
 5,500+
Website www.pricol.com

Pricol Limited (founded as Premier Instruments and Controls Limited) is an automotive components and precision engineered products manufacturer[8] based in Coimbatore, India. It was founded in 1972 by the late N. Damodaran and L. G. Varadarajulu, but started production in 1975.[9] It manufactures automotive components for motorcycles, scooters, cars, trucks, buses, tractors and Off-road vehicles used in the construction and Industrial segment. Pricol also manufacture sintered components and products for fleet management solutions[10] Vijay Mohan is the chairman, Vikram Mohan is the Managing Director and Vanitha Mohan is the vice chairman.[11]

Locations

Pricol Limited has six manufacturing plants in India, Plants 1,3 and 4 in Coimbatore, Plant 2 in Manesar and Plant 5 in Pune and Plant 6 in Rudrapur .[12][13] The company also has plants in Jakarta, Indonesia and Sao Paulo, Brazil[14] and business offices in Tokyo, Singapore, Cologne - Germany and Detroit - USA Pricol also acquiesced an group company PMP of Ashok Piramal group, which has the manufacturing plants in Satara(India), Rudrapur(India), Puebla(Mexico) and in Prague(Czech republic), they bought complete wiper business from PMP.

Operations

Pricol operates in five business areas: Driver information systems, Switches actuators and sensors, Powertrain products, Telematics & Infotainment and Fleet management systems.[15]

Products

Driver Information System Products

Power Train Products

  • Sintered components
  • Oil pumps
  • Water pumps
  • Chain tensioners
  • Auto fuel cock
  • Auto decompression unit
  • Fuel feed pump
  • Idle speed control valves
  • Pressure relief valves

Sensors & Switches

Telematics & Infotainment

Fleet Management Systems

History

Key events in Pricol Limited's history[19][20]

YearEvent
1972Founded, as Premier Instruments and Controls Limited.
1975Started Production
1979First Dividend Declaration
1988Set up second plant in Gurgaon, India
1993Listed in Bombay stock exchange
1995Listed in National stock exchange
1999Set up Plant 3 and 4 in Coimbatore, India
2001Launched disc brakes for two wheelers
2003Started a new company Xenos technologies for vehicle security systems
2005Opened manufacturing plant in Pune, India
2006Opened branch office Detroit, USA and PT Pricol Surya
2007Set up manufacturing plant 6 in Pantnagar, India
2008Set up manufacturing plant 7 in Pantnagar, India
2012Signed Joint Venture with Johnson controls 50:50
2014Xenos technologies merged with Pricol Limited[21]
2015Acquired Brazil based auto component maker, Melling[22][23][24]
2015Exits Joint venture with Denso[25] and Acquired Johnson Controls' 50% stake in Joint Venture[26]

Group Companies

  • Pricol Travel Limited
  • Pricol Properties Limited
  • Pricol Cargo Limited
  • PAcE (Pricol Academy of Excellence)
  • Xenos Limited
  • Pricol Engineering Industries Limited
  • Pricol Surya, Indonesia
  • Pricol Asia
  • Pricol do brasil
  • Pricol Corporate Service (PCS)

References

  1. ↑ http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=PRICOL
  2. ↑ http://www.bseindia.com/stock-share-price/pricol-ltd/pricol/526109/
  3. ↑ http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=PRICOL
  4. ↑ http://indiablooms.com/ibns_new/finance-details/1285/pricol-secures-its-r-amp-d-ip-with-microsoft-office-365.html
  5. ↑ https://www.bloomberg.com/research/stocks/snapshot/snapshot.asp?ticker=PRIC:IN
  6. ↑ http://www.moneycontrol.com/financials/pricol/results/yearly/P9#P9
  7. ↑ http://www.moneycontrol.com/financials/pricol/results/yearly/P9#P9
  8. ↑ http://www.business-standard.com/content/b2b-manufacturing-industry/pricol-buys-brazilian-auto-component-maker-114121200968_1.html
  9. ↑ http://www.business-standard.com/company/pricol-1908/information/company-history
  10. ↑ http://profit.ndtv.com/stock/pricol-ltd_pricol/reports
  11. ↑ http://www.moneycontrol.com/company-facts/pricol/management/P9#P9
  12. ↑ http://www.moneycontrol.com/company-facts/pricol/locations/P9#P9
  13. ↑ http://www.pricol.com/contact-us/find-locations/india-map/
  14. ↑ http://www.pricol.com/wp-content/uploads/2015/02/Investor-Presentation_Q3FY15_Final_R.pdf
  15. ↑ http://www.autocarpro.in/news-national/pricol-exits-joint-venture-denso-7970
  16. ↑ http://www.pricol.com/products/fleet-management-solutions/
  17. ↑ http://www.moneycontrol.com/annual-report/pricol/finished-products/P9
  18. ↑ http://www.pricol.com/products/
  19. ↑ http://www.moneycontrol.com/company-facts/pricol/history/P9#P9
  20. ↑ http://www.pricol.com/wp-content/uploads/2015/02/Investor-Presentation_Q3FY15_Final_R.pdf
  21. ↑ http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=897949
  22. ↑ http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=916241
  23. ↑ http://www.pr.com/press-release/605810
  24. ↑ http://economictimes.indiatimes.com/industry/auto/news/auto-components/all-cash-deal-pricol-to-infuse-further-equity/articleshow/45520305.cms
  25. ↑ http://www.business-standard.com/article/companies/pricol-sells-49-in-denso-pricol-india-for-rs-20-crore-115031700580_1.html
  26. ↑ http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=955571
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