Pricol

Pricol Limited
Company typePublic
IndustryAutomotive
Founded1972
HeadquartersCoimbatore, Tamil Nadu, India
Key people
Vijay Mohan (Founder)
Vikram Mohan (Managing Director)
Vanitha Mohan (Chairman)
[1]
ProductsDash Board Instruments, Sensors (All Types), Oil Pumps, Auto Accessories, Chain Tensioners, Idle Speed Control Valves, etc[2]
RevenueIncrease₹2,284.9 crore (US$260 million)(March ‘24)[3]
₹46.06 crore (US$5.3 million) (March ‘16)[3]
Number of employees
5,500+
Websitepricol.com

Pricol Limited (founded as Premier Instruments and Controls Limited) is an automotive components and precision engineered products manufacturer[4] based in Coimbatore, India. It was founded in 1972 by the late V.N. Ramachandran and N.Damodaran, but started production in 1975.[5] 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.[6] Vijay Mohan is the founder, Vikram Mohan is the Managing Director and Vanitha Mohan is the Chairman.[7]

Locations

Pricol Limited has six manufacturing plants in India, Plants 1,3 & 4 in Coimbatore, Plant 2 & 9 in Manesar, Plant 5 in Pune, Plant 10 in Sricity and Plant 12 in Satara.[8][9] The company also has a plant operating in Jakarta (Indonesia) [10] and business offices in Tokyo, Singapore, Cologne (Germany) and Detroit (USA).

Pricol also acquiesced a group company PMP of Ashok Piramal group, which operates 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 and infotainment, and fleet management systems.[11]

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[15][10]

Year Event
1972 Founded, as Premier Instruments and Controls Limited.
1975 Started Production
1979 First Dividend Declaration
1988 Set up second plant in Gurgaon, India
1993 Listed in Bombay stock exchange
1995 Listed in National stock exchange
1999 Set up Plant 3 and 4 in Coimbatore, India
2001 Launched disc brakes for two wheelers
2003 Started a new company Xenos technologies for vehicle security systems
2005 Opened manufacturing plant in Pune, India
2006 Opened branch office Detroit, USA and PT Pricol Surya
2007 Set up manufacturing plant 6 in Pantnagar, India
2008 Set up manufacturing plant 7 in Pantnagar, India
2012 Signed Joint Venture with Johnson controls 50:50
2014 Xenos technologies merged with Pricol Limited[16]
2015 Acquired Brazil based auto component maker, Melling[17][18][19]
2015 Exits Joint venture with Denso[20] and Acquired Johnson Controls' 50% stake in Joint Venture[21]

Group Companies

  • Pricol Travel Limited
  • Pricol Properties Limited
  • Pricol Logistics Private Limited

References

  1. ^ "Pricol Secures its R&D IP with Microsoft Office 365 | Indiablooms - First Portal on Digital News Management".
  2. ^ "Pricol Ltd/Old – Company Profile and News – Bloomberg Markets". Bloomberg.com. Retrieved 8 September 2020.
  3. ^ a b "Pricol Yearly Results, Pricol Financial Statement & Accounts". www.moneycontrol.com.
  4. ^ Bureau, BS B2B (12 December 2014). "Pricol buys Brazilian auto component maker". Business Standard India – via Business Standard. {{cite news}}: |last= has generic name (help)CS1 maint: numeric names: authors list (link)
  5. ^ "Company History". Business Standard India – via Business Standard.
  6. ^ "Pricol (Amalgamated): Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Pricol (Amalgamated) – NDTV". www.ndtv.com.
  7. ^ "Pricol Registered Address Contact Details, Pricol Management". www.moneycontrol.com.
  8. ^ "Pricol > Location Details > Auto Ancillaries > Location Details of Pricol – BSE: 540293, NSE: PRICOLLTD". www.moneycontrol.com.
  9. ^ "India Locations".
  10. ^ a b "Archived copy" (PDF). Archived from the original (PDF) on 24 September 2015. Retrieved 1 April 2015.{{cite web}}: CS1 maint: archived copy as title (link)
  11. ^ "Pricol exits joint venture with Denso". www.autocarpro.in.
  12. ^ "Fleet management solutions".
  13. ^ "Moneycontrol.com India – Finished Products > Auto Ancillaries > Finished Products of Pricol". www.moneycontrol.com.
  14. ^ "Our Products".
  15. ^ "Pricol > Company History > Auto Ancillaries > Company History of Pricol – BSE: 540293, NSE: PRICOLLTD". www.moneycontrol.com.
  16. ^ "Pricol – Updates on Amalgamation of Xenos Automotive Limited with Pricol Limited". www.moneycontrol.com.
  17. ^ "Pricol – Updates". www.moneycontrol.com.
  18. ^ "Pricol Completes Acquisition of Melling". PR.com.
  19. ^ "All cash deal, Pricol to infuse further equity". The Economic Times.
  20. ^ Reporter, B. S. (17 March 2015). "Pricol sells 49% in Denso Pricol India for Rs 20 crore". Business Standard India – via Business Standard.
  21. ^ "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.