Precision Camshafts Ipo Price

Precision camshafts ipo price

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Precision camshafts ipo price

The Journey...

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
1997PCL expanded machine shop and foundry operations with the help of investment by a private equity investor "Commonwealth Development Corporation", United Kingdom (“CDC”)
1999PCL entered into a technical and financial joint venture with G.

Precision camshafts ipo price

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”)

2006PCL acquired 100% ownership in Clancey Precision Components Private Limited "CPCPL" by acquiring the stake of its Joint Venture partner G Clancey Ltd, UK.

Chinese new year 2020 and cryptocurrency

The company was now called "Precision Valvetrain Private Limited" (PVPL)

2007TML Financial Services Limited purchased equity shares of our Company held by Nandi Investments Limited, a private equity investor
2008Merger 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
2011Incorporation of our wholly owned subsidiary ‘PCL (Shanghai) Company Limited’ in China
2012Signed a joint venture agreement with Shenglong Automotive Powertrain Company Limited, China for setting up a camshaft machining facility in China
2013Signed 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
2014An exclusive agreement with EMAG, a German machining and tooling process company, for transfer of certain know-how and technology for manufacturing of assembled camshafts
2016IPO and listing of PCL shares on BSE & NSE (PRECAM)
2017PCL acquired MEMCO Engineering Private Limited in Nasik, to strengthen its niche machining capabilities and diversify product portfolio.

2018PCL established its manufacturing footprint in Germany by acquiring 76% shares in MFT Motoren und Fahrzeugtechnik GmbH in Cunewalde.

Precision camshafts ipo price

 PCL acquired 51% stake in EMOSS Mobile Systems B.V., a Dutch electric mobility company, via its 100% subsidiary PCL (International) Holding B.V.

(Netherlands)

2019Registered 57% growth in Revenue with the first consolidated financials of Precision group (FY 18-19).

Precision camshafts ipo price

Disinvested from the Joint Ventures in China.