Pricol

Pricol Limited is one of India's leading automotive technology and precision-engineered solutions companies, headquartered in Coimbatore, India. Commencing operations in the year 1975 and being committed to attaining leadership and excellence, the company has evolved into a reputed brand in the global automotive industry. By being customer-centric and pushing the boundaries on product and process technology and innovation, Pricol, today, is recognized as a preferred partner to many leading automotive Original Equipment Manufacturers across the world.

Pricol Limited
TypePublic
NSE[1] and BSE[2]
IndustryAutomotive
Founded1975
FounderMr. Vijay Mohan
HeadquartersCoimbatore, Tamil Nadu[1]
India
Key people
Mrs. Vanitha Mohan (Chairman)
Mr. Vikram Mohan (Managing Director)
[3]
ProductsDriver Information Solution, Connected Vehicle Solution, Sensor, Battery Management System, Actuation and Control System, Fluid Management System[4]
RevenueIncrease₹1,080.45 crore (US$140 million)(March ‘16)[5]
₹46.06 crore (US$5.8 million) (March ‘16)[5]
Number of employees
5,500+
Websitehttps://pricol.com/

The company carries out its business and operations in two product Verticals: 1) Driver Information and connected vehicle solutions, 2) Actuation, control, and Fluid Management Systems catering to leading automotive OEMs in Two / Three Wheeler, Passenger Vehicles, Commercial Vehicles, Farm Equipment, and Off-road Vehicles across India and in International Markets (45+countries) with 2000+ product variants.

Pricol Limited is powered by a 5000+ strong, dedicated workforce that resolutely pursues the mission to be PASSIONATE, SUSTAINABLE, DYNAMIC, and EVOLVING.

Locations

Today the company has 8 domestic manufacturing plants across Coimbatore, Gurugram, Pantnagar, Pune, Satara, and Sricity in India, 1 international manufacturing plant in Indonesia, and 3 international offices in Dubai, Tokyo, and Singapore.

Operations

Pricol operates in two business verticals:

Products

Driver Information System Products

Actuation, Control, and Fluid Management Systems

History

Key events in Pricol Limited's history[6][7]

YearEvent
1972Founded, as Premier Instruments and Controls Limited.
1975Started Production
1979First Dividend Declaration
1988Set up second plant in Gurgaon, India
1993Listed in Bombay stock exchange
1995Listed in National stock exchange
1999Set up Plant 3 and 4 in Coimbatore, India
2001Launched disc brakes for two wheelers
2003Started a new company Xenos technologies for vehicle security systems
2005Opened manufacturing plant in Pune, India
2006Opened branch office Detroit, USA and PT Pricol Surya
2007Set up manufacturing plant 6 in Pantnagar, India
2008Set up manufacturing plant 7 in Pantnagar, India
2012Signed Joint Venture with Johnson controls 50:50
2014Xenos technologies merged with Pricol Limited[8]
2015Acquired Brazil based auto component maker, Melling[9][10][11]
2015Exits Joint venture with Denso[12] and Acquired Johnson Controls' 50% stake in Joint Venture[13]

Group Companies
  • Pricol Travel Limited
  • Pricol Properties Limited
  • Pricol Logistics Private Limited

References
  1. "NSE – National Stock Exchange of India Ltd". www.nseindia.com.
  2. "Stock Share Price – Get Quote – BSE". www.bseindia.com.
  3. "Pricol Secures its R&D IP with Microsoft Office 365 | Indiablooms - First Portal on Digital News Management".
  4. "Pricol Ltd/Old – Company Profile and News – Bloomberg Markets". Bloomberg.com. Retrieved 8 September 2020.
  5. "Pricol Yearly Results, Pricol Financial Statement & Accounts". www.moneycontrol.com.
  6. "Pricol > Company History > Auto Ancillaries > Company History of Pricol – BSE: 540293, NSE: PRICOLLTD". www.moneycontrol.com.
  7. "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)
  8. "Pricol – Updates on Amalgamation of Xenos Automotive Limited with Pricol Limited". www.moneycontrol.com.
  9. "Pricol – Updates". www.moneycontrol.com.
  10. "Pricol Completes Acquisition of Melling". PR.com.
  11. "All cash deal, Pricol to infuse further equity". The Economic Times.
  12. Reporter, B. S. (17 March 2015). "Pricol sells 49% in Denso Pricol India for Rs 20 crore". Business Standard India – via Business Standard.
  13. "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.
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