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Porwal Auto Components Ltd. Company History and Annual Growth Details

Our Company was incorporated on February
03, 1992 as a private limited company under
the Companies Act 1956 with
Registration Number 10-06912 of 1992. The Company
was converted into a Public Limited Company
on September 09, 1992 with the name Porwal Auto
Components Limited. The Registered office of our
Company is situated at Kanti Mansion, 6-M rai
Mohalla, Indore 452001 (Madhya Pradesh) India

Our company has been promoted by Mr. Surendra
Jain, Mr. Devendra Jain and Mr. Mukesh Jain.
Our Company is an 1S0/TS 16949:2002 accredited
company engaged in the business of manufacture of SG
and CI Castings with an installed capacity of 6600
T per annum which is presently upgraded to 9000
MT per annum. In order to enhance the product
profile and cater to larger customer base,
we have implemented a large scale expansion
programme to increase the capacities upto 27600
MTA. The expansion programme has commenced
from January 2005.The total expansion would be
completed by June 2008.

To part finance the expansion programme, during
January 2006, the Company had made a preferential
allotment of 80,00,000 equity shares, out
of which 43,00,000 equity shares were allotted to
promoter group and the balance 37,00,000 equity shares
were allotted to Porwal Finsec Pvt. Ltd. (Acquirer),
a non-promoter Company. The acquirer has complied
with SEBI (SAST) Regulations and an Open Offer was
made to the equity shareholders of PACL.


Year Event

1992 Incorporation

1994 Public Issue and listing on OTCEI

1995 Commenced production of SG and CI castings

1999 National Awards to small scale Entrepreneur given
by Govt. of India (Ministry of Small Scale Industries)
to Mr. Devendra Jain (Promoter & Managing Director )

2000 Eicher Motors Ltd. Award for Outstanding
Contribution to parts development

2000 Eicher Motors Ltd. Award for Outstanding
Contribution to Supply Chain Management

2005 Production capacity up gradation from 4,080 MT
p.a. to 5970 MT p.a.

2005 Commenced a large scale expansion plan

2006 Eicher Motors Ltd. Award for Outstanding
Contribution to Supply Chain Management

2007 Certification for ISO/TS 16949 : 2002
Oct 24, 10:50 am
Oct 24, 10:39 am
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