About Pricol Limited
Data last updated:
Pricol Limited was a public limited company based in Coimbatore, Tamil Nadu, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the auto parts and components segment of the automotive sector. It was incorporated on 06 March 1972.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN L33129TZ1972PLC000641. The company has 10 GST registrations on record, none of which is active. Its shares are listed on BSE: 540293 and NSE: PRICOLLTD.
The company had an authorised share capital of ₹48.2 Cr and a paid-up capital of ₹9.48 Cr. It was led by directors including Vikram Mohan (Managing Director) and Vanitha Mohan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 17 August 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Cpm Towers 109 Race Course, Coimbatore, Tamil Nadu, India – 641018.
As per the financials filed for FY 2024, the company reported a revenue of ₹2,284.94 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹1.27 Cr (net margin 0.1%) and EBITDA of ₹102.93 Cr (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 10% over five years.
The company had about 1,534 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 2 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹781.91 Cr on record. Court records list 610 cases involving the company, including 302 filed by the company and 308 filed against it; 191 cases are pending.
The last known website on record is pricol.com.
Company details
Contact details
Pricol Limited's registered office is in Coimbatore, Tamil Nadu. Its website is pricol.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressCpm Towers 109 Race Course, Coimbatore, Tamil Nadu, India – 641018
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Pricol Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Pricol is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Pricol Limited, buy the company report.
Financials of Pricol Limited
FY 2016 filings availablePricol Limited reported revenue of ₹2,284.94 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 16% growth in the latest year. EBITDA rose 465% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹102.93 Cr | ||||
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| Net Profit (PAT) | ₹1.27 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Pricol Limited, buy the company report.
Board of directors and KMP of Pricol Limited
Pricol Limited currently reports 9 directors and 2 key managerial personnel. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Cherukoori Ramaswamy Naidu Swaminathan | Director | 25 Dec 1990 | 35 Years 9 Months | As last reported |
| Jagannathan Suresh Also directs: Effectual Precision Dies and Tools Private Limited, Probat India Private Limited, WM Mckinnon India Private Limited and 5 more | Director | 28 Jul 1984 | 42 Years 2 Months | As last reported |
| Vanitha Mohan | Whole-Time Director | 28 May 1999 | 27 Years 4 Months | As last reported |
| Vijay Mohan | Director | 02 Aug 2013 | 13 Years 2 Months | As last reported |
| Krishnamoorthyrao Muralimohan Also directs: The Lakshmi Mills Company Limited, The Be Be Rubber Estates Ltd, The Bhavani Tea and Produce Co Ltd and 1 more | Director | 31 Jul 2009 | 17 Years 2 Months | As last reported |
| Sriya Chari | Director | 27 May 2016 | 10 Years 4 Months | As last reported |
Auditor
Pricol Limited is audited by HARIBHAKTI & CO LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARIBHAKTI & CO LLP | FY 2016 | 103523W |
Shareholding
The shareholding of Pricol Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Pricol Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jun 2012 | 10363177 | State Bank of India | ₹40 Cr | Satisfied | |
| 30 Nov 2010 | 10253158 | Indian Bank | ₹20 Cr | Satisfied | |
| 04 Aug 2010 | 10235696 | State Bank of India | ₹32 Cr | Satisfied | |
| 01 Mar 2010 | 10208662 | Indian Bank | ₹20 Cr | Satisfied | |
| 24 Sep 2009 | 10178932 | Canara Bank | ₹29 Cr | Satisfied |
To see the full charge records of Pricol Limited, buy the company report.
Total charge records: 53 View all charges
Legal cases
Pricol Limited has 610 court cases on record: 302 filed by Pricol, 308 filed against it. 191 cases are pending and 419 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 563 | 292 | 185 |
| High courts | 43 | 15 | 6 |
| Supreme Court | 3 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 610)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The Southern Power Distribution Company of Andhra Pradesh Limited, and 2 others | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Minda Corporation Limited, | Disposed |
| NCLT, Principal Bench | Company petition | Filed against the company by Softweb Technologies Private Limited and 11 others | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against Minda Corporation Limited, and 3 others | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Minda Corporation Limited, and 2 others | Disposed |
To see the full case history of Pricol Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pricol Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Pricol has 2 subsidiary companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Pricol Pune Limited | U34200TZ2011PLC022194 | |
| Integral Investments Limited | U67120TZ1994PLC005250 |
To see the full group structure of Pricol Limited, buy the company report.
Employees & EPFO
Pricol Limited has a workforce of 1,534 employees on its EPFO records as of Apr 03, 2024, across 2 active EPFO establishments.
GST
Pricol has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Pricol Limited, buy the company report.
Recent activity
Pricol Limited has 47 board changes on record since 1982: 29 appointments and 18 cessations. The latest: Sarath Chandran ceased to be Director on 27 May 2016.
173 earlier events are in the company report.
News
Frequently asked questions
Pricol has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Pricol was a public limited company based in Coimbatore, Tamil Nadu, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 06 March 1972 and is registered under CIN L33129TZ1972PLC000641. Listed on BSE: 540293 and NSE: PRICOLLTD. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Pricol was incorporated on 06 March 1972. It is registered with the Registrar of Companies, Coimbatore.
Pricol had 11 directors and KMP:
- Vikram Mohan - Managing Director
- Vanitha Mohan - Whole-Time Director
- Cherukoori Ramaswamy Naidu Swaminathan - Director
- Jagannathan Suresh - Director
- Vijay Mohan - Director
- Krishnamoorthyrao Muralimohan - Director
- Sriya Chari - Director
- Ramani Vidhya Shankar - Director
- Gopal Soundararajan - Director
- Thangavel Gajalakshmi Thamizhanban - Company Secretary
- Shrinivasan Sivasubrahmanyan Iyer - Cfo
The CIN (Corporate Identification Number) of Pricol is L33129TZ1972PLC000641. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Pricol is listed on both BSE (code: 540293) and NSE (symbol: PRICOLLTD).
The registered office of Pricol is at Cpm Towers 109 Race Course, Coimbatore, Tamil Nadu, India – 641018.
Pricol can be reached through the website pricol.com. Its registered office is in Coimbatore, Tamil Nadu, India.
The latest financial statements of Pricol on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 17 August 2016. Year-wise statements from 2015 are in the company report.
No. Pricol has 10 GST registrations on record and all of them are cancelled or inactive.