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Precision Camshafts Ltd. Company History and Annual Growth Details

The Company was incorporated as ÂPrecision Camshafts Private LimitedÂ on June 8, 1992 under the Companies Act 1956, with the Registrar of Companies, Maharashtra at Mumbai. Pursuant to a resolution of the shareholders dated June 21, 1997, the Company was converted to a public limited company, and accordingly the name was changed to ÂPrecision Camshafts LimitedÂ and a fresh certificate of incorporation consequent upon change of name on conversion to public limited company was issued by the Registrar of Companies, Maharashtra at Mumbai on August 1, 1997. the Company was initially registered under the Registrar of Companies, Maharashtra at Mumbai, however a new office of the Registrar of Companies was opened at Pune on the May 1, 1998 to meet the requirements of the corporate sector and the general public in and around Pune. Subsequently, the Company came under the purview of Registrar of Companies, Maharashtra at Pune.

Major Events :

1992

-Incorporation of the Company

1997

-Expanded the machine shop and foundry operations pursuant to an investment by a private equity investor Commonwealth Development Corporation, United Kingdom (ÂCDCÂ)

-Subscription of 66,360 equity shares of the Company by Nandi Investments Limited, a private equity investor

1999

-Signed a technical and financial joint venture with G. Clancey Limited, United Kingdom, a European manufacturer of camshafts

-Incorporation of a joint venture company, Clancey Precision Components Private Limited (ÂCPCPLÂ) with G. Clancey Limited to manufacture 1,800,000 camshaft castings per year as an Export Oriented Unit (ÂEOUÂ)

-Merger of Precision Shellcast Limited (ÂPSLÂ) with the Company pursuant to a scheme of amalgamation as approved by an order of the High Court of Bombay dated February 11, 1999

2006

-Acquired 100% ownership in CPCPL by acquiring the stake of its joint venture partner G. Clancey Limited, United Kingdom thereby changing the name of such company to Precision Valvetrain Private Limited (ÂPVPLÂ)

2007

-Purchase of 123,197 equity shares of the Company held by Nandi Investments Limited, a private equity investor by TML Financial Services Limited

2008

-Merger of PVPL with the Company pursuant to a scheme of amalgamation as approved by an order of the High Court of Bombay dated February 1, 2008

-Transfer of 123,197 equity shares by TML Financial Services Limited to Tata Capital Limited pursuant to a deed of adherence dated February 26, 2008

-Purchase of 39,919 equity shares of the Company by Tata Capital Limited pursuant to a Share sale and purchase and Shareholders Agreement dated July 31, 2008

2011

-Incorporation of the wholly owned subsidiary ÂPCL (Shanghai) Company LimitedÂ 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

-Transfer of 80,394 equity shares by Tata Capital Limited and therefore exit from the Company

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

Awards, certifications and recognitions :

2007

-Received ÂIndian Exporters Excellence AwardÂ from Dun and Bradstreet India

-Received ÂIndia Western Region AwardÂ from Export Promotion Council of India

2008

-Received ÂExcellence in Export AwardÂ in general category by DHL - CNBC TV18

-Received ÂAward for Outstanding Exporter in Engineering CategoryÂ by DHL - CNBC TV18

-Received ÂIndian Exporters Excellence AwardÂ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited for being the winner in the engineering goods sector under the small exporters category

-Granted membership with Dun and Bradstreet

-Received ÂCustomer Relationship AwardÂ from Tata Capital Limited

-Received ÂIndian Exporters Excellence AwardÂ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited in small exporters category

2009

-Received ÂExcellence in Exports AwardÂ in silver category by Automotive Component Manufacturers Association of India

-Received ÂExcellence in Exports AwardÂ in gold category by Automotive Component
Manufacturers Association of India

2011

-Received ÂJRD Tata Udyog Ratna AwardÂ by Maharashtra Rajya Audyogik Vikas Parishad

2013

-BS OHSAS 18001:2007 certification issued by TUV SUD Management Service GmbH

-ISO 14001:2004 certification issued by TUV SUD Management Service GmbH

-Received ISO / TS 16949 : 2002 certification issued by TUV SUD Management Service GmbH

-Received ISO/TS 16949:2009 certification issued by TUV SUD Management Service GmbH

-Granted Automotive Component Manufacturers Association of India Membership

2014

-Received ÂPitstop Overall Performance AwardÂ by Maruti Suzuki

2015

-Received ÂBest Overall Exporter AwardÂ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited Indian ExportersÂ Excellence Awards under the medium exporters category

-Received ÂBest Manufacturer Exporter AwardÂ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited Indian ExportersÂ Excellence Awards under the medium exporters category

2016
-Precision Camshafts are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities.

2019
-"Precision Camshafts Limited awarded with contract of 1 Million Fully Finished Camshafts from General Motors, Brazil".
-"MFT Motoren und Fahrzeugtechnik GmbH awarded with contract of Machined Balancer Shaft unit from Linamar Antriebstechnik GmbH".

2021
-Precision Camshafts Limited Received IPF Fastest Growing Manufacturing Company Award.

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