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]
 | |
| Company type | Public |
|---|---|
| Industry | Automotive |
| Founded | 1972 |
| Headquarters | Coimbatore, Tamil Nadu, India |
Key people | Vijay Mohan (Founder) Vikram Mohan (Managing Director) Vanitha Mohan (Chairman) [1] |
| Products | Dash Board Instruments, Sensors (All Types), Oil Pumps, Auto Accessories, Chain Tensioners, Idle Speed Control Valves, etc[2] |
| Revenue |  ₹1,080.45 crore (US$130 million)(March ‘16)[3] |
| ₹46.06 crore (US$5.5 million) (March ‘16)[3] | |
Number of employees | 5,500+ |
| Website | pricol |
Locations
editPricol 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
editPricol operates in five business areas: driver information systems, switches, actuators and sensors, powertrain products, telematics and infotainment, and fleet management systems.[11]
Products
editDriver Information System Products
editPower Train Products
edit- 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
edit- Speed sensors
- Fuel level sensors
- Selective catalytic reduction
- Map and Tmap sensors
- Oil level switch
- Temperature sensor
- Brake light switch
- Vacuum switch
- Power sockets
- Pressure sensor
- Position sensor
Telematics & Infotainment
edit- Display & Infotainment
- Body control module
- Telematics products
Fleet Management Systems
edit- Speed limiter
- Centralized Lubrication Systems
- Vehicle tracking system
- Digital tax fare meter
- Cabin Tilting Systems
- Journey risk management [12][13][14]
History
editKey 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
edit- Pricol Travel Limited
- Pricol Properties Limited
- Pricol Logistics Private Limited
References
edit- ^ "Pricol Secures its R&D IP with Microsoft Office 365 | Indiablooms - First Portal on Digital News Management".
- ^ "Pricol Ltd/Old – Company Profile and News – Bloomberg Markets". Bloomberg.com. Retrieved 8 September 2020.
- ^ a b "Pricol Yearly Results, Pricol Financial Statement & Accounts". www.moneycontrol.com.
- ^ 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) - ^ "Company History". Business Standard India – via Business Standard.
- ^ "Pricol (Amalgamated): Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Pricol (Amalgamated) – NDTV". www.ndtv.com.
- ^ "Pricol Registered Address Contact Details, Pricol Management". www.moneycontrol.com.
- ^ "Pricol > Location Details > Auto Ancillaries > Location Details of Pricol – BSE: 540293, NSE: PRICOLLTD". www.moneycontrol.com.
- ^ "India Locations".
- ^ 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) - ^ "Pricol exits joint venture with Denso". www.autocarpro.in.
- ^ "Fleet management solutions".
- ^ "Moneycontrol.com India – Finished Products > Auto Ancillaries > Finished Products of Pricol". www.moneycontrol.com.
- ^ "Our Products".
- ^ "Pricol > Company History > Auto Ancillaries > Company History of Pricol – BSE: 540293, NSE: PRICOLLTD". www.moneycontrol.com.
- ^ "Pricol – Updates on Amalgamation of Xenos Automotive Limited with Pricol Limited". www.moneycontrol.com.
- ^ "Pricol – Updates". www.moneycontrol.com.
- ^ "Pricol Completes Acquisition of Melling". PR.com.
- ^ "All cash deal, Pricol to infuse further equity". The Economic Times.
- ^ Reporter, B. S. (17 March 2015). "Pricol sells 49% in Denso Pricol India for Rs 20 crore". Business Standard India – via Business Standard.
- ^ "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.