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PRICOL
Company typePublic
NSE[1] and BSE[2]
IndustryAutomotive
Founded1972
HeadquartersCoimbatore, Tamil Nadu[3]
India
Key people
Vijay Mohan (Chairman)
Vikram Mohan (Managing Director)
Vanitha Mohan (vice chairman)
Pravin Kumar Sadasivam(Group Chief Information Technology Officer)[4]
ProductsDash Board Instruments, Sensors (All Types), Oil Pumps, Auto Accessories, Chain Tensioners, Idle Speed Control Valves,etc[5]
RevenueIncreaseIndian INR 1080.45 Crore (March ‘16)[6]
Indian INR 46.06 Crore (March ‘16)[7]
Number of employees
5,500+
Websitewww.pricol.com

Pricol Limited is an automotive components and precision engineered products manufacturer[8] headquartered 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, Plant1,Plant3 & 4 in Coimbatore, Plant 2 in Manesar and Plant 5 in Pune and Plant 6 in Rudrapur .[12][13] Apart from India the company has each manufacturing unit in Jakarta, Indonesia and Sao Paulo, Brazil[14] and business offices in Tokyo, Singapore, Cologne - Germany and Detroit - USA

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]

Year Event
1972 Founded
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[21]
2015 Acquired Brazil based auto component maker, Melling[22][23][24]
2015 Exits Joint venture with Denso[25] and Acquired Johnson Controls' 50% stake in Joint Venture[26]

CSR Activities

Pricol has been involved in various CSR activities with longstanding commitment to create better society. Pricol is engaged in the following areas of CSR activities:[27]

  • Adopting and supporting needy orphanages and schools
  • Creating a greener environment
  • Providing medical aid for unreached rural areas
  • Conducting awareness campaigns

Group Companies

  • Pricol Technologies
  • 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

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. ^ http://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
  27. ^ http://www.pricol.com/about-us/csr-activities/
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