Pricol

Pricol Limited (founded as Premier Instruments and Controls Limited) is an automotive components and precision engineered products manufacturer[6] based in Coimbatore, India. It was founded in 1972 by the late N. Damodaran and L. G. Varadarajulu, but started production in 1975.[7] 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.[8] Vijay Mohan is the chairman, Vikram Mohan is the Managing Director and Vanitha Mohan is the vice chairman.[9]

Pricol Limited
Public
Traded asNSE[1] and BSE[2]
IndustryAutomotive
Founded1972
HeadquartersCoimbatore, Tamil Nadu[1]
India
Key people
Vijay Mohan (Founder)
Vikram Mohan (Managing Director)
Vanitha Mohan (Chairman)
[3]
ProductsDash Board Instruments, Sensors (All Types), Oil Pumps, Auto Accessories, Chain Tensioners, Idle Speed Control Valves, etc[4]
Revenue₹1,080.45 crore (US$150 million)(March ‘16)[5]
₹46.06 crore (US$6.5 million) (March ‘16)[5]
Number of employees
5,500+
Websitepricol.com

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.[10][11] The company also has plants in Jakarta (Indonesia) and Sao Paulo (Brazil)[12] 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.[13]

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[17][12]

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[18]
2015Acquired Brazil based auto component maker, Melling[19][20][21]
2015Exits Joint venture with Denso[22] and Acquired Johnson Controls' 50% stake in Joint Venture[23]

Group Companies
  • Pricol Travel Limited
  • Pricol Properties Limited
  • Pricol Logistics Private Limited

References
  1. "NSE - National Stock Exchange of India Ltd". www.nseindia.com.
  2. "Stock Share Price - Get Quote - BSE". www.bseindia.com.
  3. http://indiablooms.com/ibns_new/finance-details/1285/pricol-secures-its-r-amp-d-ip-with-microsoft-office-365.html
  4. "Bloomberg - Are you a robot?". www.bloomberg.com.
  5. "Pricol Yearly Results, Pricol Financial Statement & Accounts". www.moneycontrol.com.
  6. Bureau, BS B2B (12 December 2014). "Pricol buys Brazilian auto component maker" – via Business Standard.
  7. "Company History" – via Business Standard.
  8. "Pricol (Amalgamated): Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Pricol (Amalgamated) - NDTV". www.ndtv.com.
  9. "Pricol Registered Address Contact Details, Pricol Management". www.moneycontrol.com.
  10. "Pricol > Location Details > Auto Ancillaries > Location Details of Pricol - BSE: 540293, NSE: PRICOLLTD". www.moneycontrol.com.
  11. "India Locations".
  12. http://www.pricol.com/wp-content/uploads/2015/02/Investor-Presentation_Q3FY15_Final_R.pdf
  13. "Pricol exits joint venture with Denso". www.autocarpro.in.
  14. "Fleet management solutions".
  15. "Moneycontrol.com India - Finished Products > Auto Ancillaries > Finished Products of Pricol". www.moneycontrol.com.
  16. "Our Products".
  17. "Pricol > Company History > Auto Ancillaries > Company History of Pricol - BSE: 540293, NSE: PRICOLLTD". www.moneycontrol.com.
  18. "Pricol - Updates on Amalgamation of Xenos Automotive Limited with Pricol Limited". www.moneycontrol.com.
  19. "Pricol - Updates". www.moneycontrol.com.
  20. "Pricol Completes Acquisition of Melling". PR.com.
  21. http://economictimes.indiatimes.com/industry/auto/news/auto-components/all-cash-deal-pricol-to-infuse-further-equity/articleshow/45520305.cms
  22. Reporter, B. S. (17 March 2015). "Pricol sells 49% in Denso Pricol India for Rs 20 crore" – via Business Standard.
  23. "Pricol - Acquisition of 50% shareholding in Johnson Controls Pricol Private Limited, erstwhile Joint Venture Company of Johnson Controls Enterprises Limited, UK and Pricol Limited, India". www.moneycontrol.com.
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