Pritika Engineering Components Limited is engaged in the business of manufacturing of precision machined components primarily for the automotive industry, especially for tractors, trucks, and other commercial vehicles. The company manufactures various Tractors & Automobile components like End Covers, Cover Sealed Brakes, Differential Cases, Cover Hydraulic Lift, Cover Transcase, Front Wheel hubs, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing & Front Engine Supports etc. Pritika Engineering manufactures customized products for tractors, commercial vehicles & other construction equipment, etc which are supplied to Original Equipment Manufacturers (OEMs) directly/through the group companies.
The company was previously listed on Calcutta Stock Exchange and the same was directly listed on the Bombay stock exchange dated October 01, 2015. Pritika Engineering Components Limited’s manufacturing unit is located in Punjab. The company’s clients include Ashok Leyland, Eicher, Mahindra, Tafe, and Swaraj, among others. The total revenue for the year 2021-22 is Rs 5,739.58 lakhs. Pritika Engineering Components Limited is a wholly owned subsidiary of Pritika Auto Industries Limited.
Competitive Strengths:
- Wide product range and product segments.
- Legacy Business Process & Management.
- Strong & experienced R&D team.
Objectives of the Issue:
- The Company proposes to utilize the funds which are being raised through this Issue (“Net Proceeds”) towards the following object:
a) Investment in relation to the new unit set up by the wholly owned subsidiary, Meeta Castings Limited (MCL);
b) General Corporate purposes.
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