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'''Pricol Limited''' is one of India’s leading [[Automotive industry|automotive]] [[technology]] and [[Engineering|precision-engineered]] solutions companies, [[Headquarters|headquartered]] in [[Coimbatore district|Coimbatore]], India. Commencing [[Business operations|operations]] in the year 1975 and being committed to attaining [[leadership]] and excellence, the [[company]] has evolved into a reputed brand in the [[Globalization|global]] [[Automotive industry in India|automotive industry]]. By being customer-centric and pushing the boundaries on [[Product (business)|product]] and process technology and [[innovation]], Pricol, today, is recognized as a preferred partner to many leading automotive [[Original equipment manufacturer|Original Equipment Manufacturers]] across the [[world]].
'''Pricol Limited''' (founded as Premier Instruments and Controls Limited) is an automotive components and precision engineered products manufacturer<ref>{{cite news|url=https://www.business-standard.com/content/b2b-manufacturing-industry/pricol-buys-brazilian-auto-component-maker-114121200968_1.html|title=Pricol buys Brazilian auto component maker|first=BS B2B|last=Bureau|newspaper=Business Standard India|date=12 December 2014|publisher=|via=Business Standard}}</ref> based in [[Coimbatore]], India. It was founded in 1972 by the late V.N. Ramachandran and N.Damodaran, but started production in 1975.<ref>{{cite news|url=https://www.business-standard.com/company/pricol-1908/information/company-history|title=Company History|newspaper=Business Standard India|publisher=|via=Business Standard}}</ref> It manufactures automotive components for [[motorcycle]]s, [[scooter (motorcycle)|scooter]]s, cars, trucks, [[bus]]es, [[tractor]]s and [[Off-road vehicle]]s used in the construction and Industrial segment. Pricol also manufacture sintered components and products for [[fleet management]].<ref>{{cite web|url=https://www.ndtv.com/business/stock/pricol-ltd-_pricol/reports|title=Pricol (Amalgamated): Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Pricol (Amalgamated) – NDTV|website=www.ndtv.com}}</ref> Vijay Mohan is the chairman, Vikram Mohan is the Managing Director and Vanitha Mohan is the vice chairman.<ref>{{cite web|url=https://www.moneycontrol.com/company-facts/pricol/management/P9|title=Pricol Registered Address Contact Details, Pricol Management|website=www.moneycontrol.com}}</ref>


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 [[Motorcycle|Two]] / [[Three-wheeler|Three Wheeler]], [[Car|Passenger Vehicles]], [[Commercial vehicle|Commercial Vehicles]], [[Agricultural machinery|Farm Equipment]], and [[Off-road vehicle|Off-road Vehicles]] across India and in [[Export|International Markets]] (45+countries) with 2000+ product variants.
== Locations ==
Pricol Limited has six manufacturing plants in India, Plants 1,3 and 4 in [[Coimbatore]], Plant 2 in Manesar and Plant 5 in Pune and Plant 6 in Rudrapur.<ref>{{cite web|url=https://www.moneycontrol.com/company-facts/pricol/locations/P9|title=Pricol > Location Details > Auto Ancillaries > Location Details of Pricol – BSE: 540293, NSE: PRICOLLTD|website=www.moneycontrol.com}}</ref><ref>{{cite web|url=http://www.pricol.com/contact-us/find-locations/india-map/|title=India Locations|publisher=}}</ref> The company also has plants in [[Jakarta]] (Indonesia) and [[Sao Paulo]] (Brazil)<ref name="pricol.com">{{Cite web |url=http://www.pricol.com/wp-content/uploads/2015/02/Investor-Presentation_Q3FY15_Final_R.pdf |title=Archived copy |access-date=1 April 2015 |archive-date=24 September 2015 |archive-url=https://web.archive.org/web/20150924081647/http://www.pricol.com/wp-content/uploads/2015/02/Investor-Presentation_Q3FY15_Final_R.pdf |url-status=dead }}</ref> and business offices in [[Tokyo]], [[Singapore]], [[Cologne]] (Germany) and [[Detroit]] (USA).


Pricol Limited is powered by a 5000+ strong, dedicated [[workforce]] that resolutely pursues the mission to be PASSIONATE, SUSTAINABLE, DYNAMIC, and EVOLVING.
Pricol also acquiesced a group company PMP of Ashok Piramal group, which has the manufacturing plants in Satara (India), Rudrapur (India), Puebla (Mexico) and in Prague (Czech republic), they bought complete wiper business from PMP.


== Operations ==
== ==
We (Pricol) will strive to attain leadership and excellence in all the products and services that we provide, through [[Social|socially]] and [[Environmentally friendly|environmentally]] acceptable means.
Pricol operates in five business areas: Driver information systems, Switches actuators and [[sensors]], [[Powertrain]] products, [[Telematics]] & [[Infotainment]] and [[Fleet management system]]s.<ref>{{cite web|url=http://www.autocarpro.in/news-national/pricol-exits-joint-venture-denso-7970|title=Pricol exits joint venture with Denso|website=www.autocarpro.in}}</ref>


==Products==
====


* '''Be Dynamic:''' Constantly innovate and find better ways to deliver value to our customers
===Driver Information System Products===
* '''Constantly Evolve:''' Improve in every sphere of our activity
* [[Instrument clusters]]
* '''Work Passionately:''' To enhance value for our customers, employees, suppliers, and shareholders
* [[Dashboard|Gauges]]
* '''Be Sustainable:''' Care for the society and environment around us


== Core Value ==
===Power Train Products===
'''''P'''ASSION''
* Sintered components
* [[Oil pump (internal combustion engine)|Oil pumps]]
* [[Water pumps]]
* Chain tensioners
* Auto [[fuel cock]]
* Auto decompression unit
* Fuel feed pump
* Idle speed control valves
* Pressure relief valves


Whatever we do, we do it from the bottom of our heart.
===Sensors & Switches===
* [[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]]


'''''R'''ESPECT''
===Telematics & Infotainment===
* Display & [[Infotainment]]
* [[Body control module]]
* [[Telematics]] products


We respect those who add value to our lives.
===Fleet Management Systems===

* [[Speed limiter]]
'''''I'''NTEGRITY''
* [[Centralized Lubrication Systems]]

* [[Vehicle tracking system]]
We never compromise on our values.
* Digital tax fare meter

* Cabin Tilting Systems
'''''C'''OLLABORATION''
* Journey risk management <ref>{{cite web|url=http://www.pricol.com/products/fleet-management-solutions/|title=Fleet management solutions|publisher=}}</ref><ref>{{cite web|url=https://www.moneycontrol.com/annual-report/pricol/finished-products/P9|title=Moneycontrol.com India – Finished Products > Auto Ancillaries > Finished Products of Pricol|website=www.moneycontrol.com}}</ref><ref>{{cite web|url=http://www.pricol.com/products/|title=Our Products|publisher=}}</ref>

We believe in working towards a unified goal.

'''''O'''WNERSHIP''

We are responsible for all our actions.

'''''L'''ISTEN''

We listen to both the spoken and unspoken before we act.

== Locations ==
Today the company has 8 domestic [[manufacturing]] plants across [[Coimbatore]], [[Gurgaon|Gurugram]], [[Pantnagar]], [[Pune]], [[Satara (city)|Satara]], and [[Sri City|Sricity]] in [[India]], 1 [[Globalization|international]] manufacturing plant in [[Indonesia]], and 3 international offices in [[Dubai]], [[Tokyo]], and [[Singapore]].

== Operations ==
Pricol operates in two business verticals:

* [[Speedometer|Driver Information]] and [[Display device|Connected Vehicle Systems]].
* [[Windshield|Actuation, Control]], and [[Fuel pump|Fluid Management Systems]].

==Products==

=== Driver Information System and Connected Vehicle Solutions ===
* Driver Information Solution
* Connected Vehicle Solution
* [[Telematics]]
* [[Sensor|Sensors]]
* [[Battery management system|Battery Management System]]

=== Actuation, Control, and Fluid Management Systems ===
* Oil pumps
* [[Pump|Water pumps]]
* [[Disc brake|Disc Brakes]]
* [[Fuel pump|Fuel Pump]] Module
* Variable Displacement Oil Pumps
* Electrical [[Coolant pump (engine cooling)|Coolant Pumps]]
* Electrical Oil Pumps
* [[Windscreen wiper|Wiping]] Systems
* Electronic Purge valve
* Cabin Tilt System
* Fuel Feed Pump


== History ==
== History ==
Key events in Pricol Limited's history<ref>{{cite web|url=https://www.moneycontrol.com/company-facts/pricol/history/P9|title=Pricol > Company History > Auto Ancillaries > Company History of Pricol – BSE: 540293, NSE: PRICOLLTD|website=www.moneycontrol.com}}</ref><ref name="pricol.com"/>
Key events in Pricol Limited's history<ref>{{cite web|url=https://www.moneycontrol.com/company-facts/pricol/history/P9|title=Pricol > Company History > Auto Ancillaries > Company History of Pricol – BSE: 540293, NSE: PRICOLLTD|website=www.moneycontrol.com}}</ref><ref name="pricol.com"/>


{| class="wikitable"
{| class="wikitable"
Line 76: Line 95:
! Year !! Event
! Year !! Event
|-
|-
|1975
| 1972 || Founded, as Premier Instruments and Controls Limited.
|Commencement of commercial Production at Plant I. Creation of Trade Mark- PRICOL (Premier Instruments Coimbatore Limited)
|-
|-
|1981
| 1975 || Started Production
|Name of company changed to Premier Instruments & Controls Limited from Premier Instruments Coimbatore Limited
|-
|-
|1988
| 1979 || First Dividend Declaration
|Established Plant II at Gurgaon, Which commenced commercial operations from May 1988.
|-
|-
|1993
| 1988 || Set up second plant in Gurgaon, India
|Listing in The Stock Exchange, Mumbai and Coimbatore Stock Exchange.
|-
|-
|1996
| 1993 || Listed in Bombay stock exchange
|Listing in National Stock Exchange, Mumbai.
|-
|-
|1999
| 1995 || Listed in National stock exchange
|Established Plant III at, Chinnamathampalayam, Coimbatore, which commenced commercial production in September 1999.
|-
|-
|2004
| 1999 || Set up Plant 3 and 4 in Coimbatore, India
|The name of the company changed to Pricol Limited from Premier Instruments & Controls Limited. Plant II Shifted to expand its own premises at Manesar, National Capital Region.
|-
|-
|2007
| 2001 || Launched disc brakes for two wheelers
|Incorporation of PT Pricol Surya, a Wholly owned Subsidiary in Indonesia.
|-
|-
|2008
| 2003 || Started a new company Xenos technologies for vehicle security systems
|Production commenced at Plant VI at Pantnagar, Uttarakhand.
|-
|-
|2011
| 2005 || Opened manufacturing plant in Pune, India
|Incorporation of Pricol Pune Limited
|-
|-
|2015
| 2006 || Opened branch office Detroit, USA and PT Pricol Surya
|Revamping of Pricol Branding
|-
|-
|2018
| 2007 || Set up manufacturing plant 6 in Pantnagar, India
|Established Plant X at Sricity, Andhra Pradesh
|-
|-
|2021
| 2008 || Set up manufacturing plant 7 in Pantnagar, India
|Strategic Alliance with Candera CGI Studios
|-
|-
|2022
| 2012 || Signed Joint Venture with Johnson controls 50:50
|Strategic Partnership with Sibros Technologies
|-
|-
|2022
| 2014 || Xenos technologies merged with Pricol Limited<ref>{{cite web|url=http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=897949|title=Pricol – Updates on Amalgamation of Xenos Automotive Limited with Pricol Limited|website=www.moneycontrol.com}}</ref>
|Entered into a strategic technology partnership with BMS Powersafe.
|-
| 2015 || Acquired Brazil based auto component maker, Melling<ref>{{cite web|url=http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=916241|title=Pricol – Updates|website=www.moneycontrol.com}}</ref><ref>{{cite web|url=https://www.pr.com/press-release/605810|title=Pricol Completes Acquisition of Melling|website=PR.com}}</ref><ref>{{Cite news|url=http://economictimes.indiatimes.com/industry/auto/news/auto-components/all-cash-deal-pricol-to-infuse-further-equity/articleshow/45520305.cms|title=All cash deal, Pricol to infuse further equity|newspaper=The Economic Times}}</ref>
|-
| 2015 || Exits Joint venture with Denso<ref>{{cite news|url=https://www.business-standard.com/article/companies/pricol-sells-49-in-denso-pricol-india-for-rs-20-crore-115031700580_1.html|title=Pricol sells 49% in Denso Pricol India for Rs 20 crore|first=B. S.|last=Reporter|newspaper=Business Standard India|date=17 March 2015|publisher=|via=Business Standard}}</ref> and Acquired Johnson Controls' 50% stake in Joint Venture<ref>{{cite web|url=http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=955571|title=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|website=www.moneycontrol.com}}</ref>
|}
|}
<gallery mode="packed-hover" caption="Product Gallery">

File:Instrument Clusters - Two Wheeler.png
== Group Companies ==
File:Water Pump - Two Wheeler2.jpg
* Pricol Travel Limited
File:Auto Fuel Cocks.png
* Pricol Properties Limited
File:Oil pumps - Two wheeler.png
* Pricol Logistics Private Limited
</gallery>


==References==
==References==

Revision as of 05:29, 27 February 2023

Pricol Limited
Company typePublic
NSE[1] and BSE[2]
IndustryAutomotive
Founded1972
HeadquartersCoimbatore, Tamil Nadu[1]
India
Key people
Vijay Mohan (Founder)
Vikram Mohan (Managing Director)
Vanitha Mohan (Chairman)
[3]
ProductsDash Board Instruments, Sensors (All Types), Oil Pumps, Auto Accessories, Chain Tensioners, Idle Speed Control Valves, etc[4]
RevenueIncrease₹1,080.45 crore (US$130 million)(March ‘16)[5]
₹46.06 crore (US$5.5 million) (March ‘16)[5]
Number of employees
5,500+

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.

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.

Vision

We (Pricol) will strive to attain leadership and excellence in all the products and services that we provide, through socially and environmentally acceptable means.

Mission

  • Be Dynamic: Constantly innovate and find better ways to deliver value to our customers
  • Constantly Evolve: Improve in every sphere of our activity
  • Work Passionately: To enhance value for our customers, employees, suppliers, and shareholders
  • Be Sustainable: Care for the society and environment around us

Core Value

PASSION

Whatever we do, we do it from the bottom of our heart.

RESPECT

We respect those who add value to our lives.

INTEGRITY

We never compromise on our values.

COLLABORATION

We believe in working towards a unified goal.

OWNERSHIP

We are responsible for all our actions.

LISTEN

We listen to both the spoken and unspoken before we act.

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 and Connected Vehicle Solutions

Actuation, Control, and Fluid Management Systems

History

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

Year Event
1975 Commencement of commercial Production at Plant I. Creation of Trade Mark- PRICOL (Premier Instruments Coimbatore Limited)
1981 Name of company changed to Premier Instruments & Controls Limited from Premier Instruments Coimbatore Limited
1988 Established Plant II at Gurgaon, Which commenced commercial operations from May 1988.
1993 Listing in The Stock Exchange, Mumbai and Coimbatore Stock Exchange.
1996 Listing in National Stock Exchange, Mumbai.
1999 Established Plant III at, Chinnamathampalayam, Coimbatore, which commenced commercial production in September 1999.
2004 The name of the company changed to Pricol Limited from Premier Instruments & Controls Limited. Plant II Shifted to expand its own premises at Manesar, National Capital Region.
2007 Incorporation of PT Pricol Surya, a Wholly owned Subsidiary in Indonesia.
2008 Production commenced at Plant VI at Pantnagar, Uttarakhand.
2011 Incorporation of Pricol Pune Limited
2015 Revamping of Pricol Branding
2018 Established Plant X at Sricity, Andhra Pradesh
2021 Strategic Alliance with Candera CGI Studios
2022 Strategic Partnership with Sibros Technologies
2022 Entered into a strategic technology partnership with BMS Powersafe.
  • Product Gallery

References

  1. ^ a b "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. ^ a b "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)
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