Since its incorporation in 1992, PCL has emerged as one of the market leader in camshaft manufacturing. We have always maintained a comprehensive quality management system that is aligned with our world-class production practices and an adherence to a constant state of improvement
|1992||'PCL' was started in a small facility for semi machining of camshafts|
|1997||PCL expanded machine shop and foundry operations with the help of investment by a private equity investor "Commonwealth Development Corporation", United Kingdom (“CDC”)|
|1999||PCL entered into a technical and financial joint venture with G.|
Clancey Limited, United Kingdom, a European manufacturer of camshafts and incorporated a joint venture company, "Clancey Precision Components Private Limited" (“CPCPL”) with G.
Clancey Limited to manufacture 1,800,000 camshaft castings per year as an Export Oriented Unit (“EOU”)
|2006||PCL acquired 100% ownership in Clancey Precision Components Private Limited "CPCPL" by acquiring the stake of its Joint Venture partner G Clancey Ltd, UK.|
The company was now called "Precision Valvetrain Private Limited" (PVPL)
|2007||TML Financial Services Limited purchased equity shares of our Company held by Nandi Investments Limited, a private equity investor|
|2008||Merger of PVPL with our Company pursuant to a scheme of amalgamation as approved by an order of the Hon. High Court of Bombay dated February 1, 2008.|
Transfer of equity shares held by TML Financial Services Limited to Tata Capital Limited
|2011||Incorporation of our wholly owned subsidiary ‘PCL (Shanghai) Company Limited’ in China|
|2012||Signed a joint venture agreement with Shenglong Automotive Powertrain Company Limited, China for setting up a camshaft machining facility in China|
|2013||Signed a joint venture agreement with Shenglong Automotive Powertrain Company Limited, China and ZMM Technology Limited, to set up a Foundry for manufacturing 4,000,000 camshaft castings per annum at Huzhou in China|
|2014||An exclusive agreement with EMAG, a German machining and tooling process company, for transfer of certain know-how and technology for manufacturing of assembled camshafts|
|2016||IPO and listing of PCL shares on BSE & NSE (PRECAM)|
|2017||PCL acquired MEMCO Engineering Private Limited in Nasik, to strengthen its niche machining capabilities and diversify product portfolio.|
|2018||PCL established its manufacturing footprint in Germany by acquiring 76% shares in MFT Motoren und Fahrzeugtechnik GmbH in Cunewalde.|
|PCL acquired 51% stake in EMOSS Mobile Systems B.V., a Dutch electric mobility company, via its 100% subsidiary PCL (International) Holding B.V.
|2019||Registered 57% growth in Revenue with the first consolidated financials of Precision group (FY 18-19).|
Disinvested from the Joint Ventures in China.