Precision Wires India Limited logo

Precision Wires India Limited

Manufacturer of enameled copper winding wires and insulating varnish/resins with multiple brand names.
1989 | Mumbai, Maharashtra (India) | Active

Last Updated:

July 16, 2024
HomeCompanyPrecision Wires India Limited

Who are the key members and board of directors at Precision Wires India?

Executive Team (3)

NameDesignationAppointment DateStatus
Milan Mehta InManaging Director28-Aug-2015Current
C Pai InCFO28-May-2014Current
Deepika Pandey InCompany Secretary27-Feb-2020Current

Board Members(6)

NameDesignationAppointment DateStatus
Manoj Lekhrajani In Additional Director 30-Mar-2024Current
Mahendra Mehta In Director 01-Oct-2008Current
Deepak Mehta In Whole-Time Director 01-Aug-2007Current
Pradip Roy In Director 14-Nov-2011Current
Niraj Bhukhanwala In Director 27-May-2022Current
Asha Morley In Director 23-Jun-2023Current

Financial Performance and Corporate Structure Insights of Precision Wires India.

Precision Wires India Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 13.58% increase. The company also saw a slight decrease in profitability, with a 5.58% decrease in profit. The company's net worth Soared by an impressive increase of 23.41%.

Revenue Growth Graph
Profit Loss Graph
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
13.58%
Revenue from Operations
13.06%
Total Assets
5.63%
Profit or Loss
-5.58%
Net Worth
23.41%
EBITDA
-9.32%

Related Corporates (Common Directorship)

Charges (Loans)

Open Charges Satisfied Charges

₹553.03 Cr

₹254.50 Cr

LenderAmountStatus

Hdfc Bank Limited

Creation Date: 24 Feb 2023
₹35.00 CrOpen

Hdfc Bank Limited

Creation Date: 13 Feb 2020
₹225.00 CrOpen

Others

Creation Date: 19 Apr 2018
₹275.00 CrOpen

How Many Employees Work at Precision Wires India?

Precision Wires India has a workforce of 671 employees as of Jun 19, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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Latest Updates, News, and FAQs on Precision Wires India

Recent activity within the organization

  • Director Appointment

    Manoj Ghanshyam Lekhrajani was appointed as a Additional Director was appointed as a Additional Director on 30 Mar 2024 & has been associated with this company since 8 months 20 days .

    30 Mar 2024

  • Charges

    A charge with Others of Rs. 275.00 Cr registered on 19 Apr 2018 with Charge ID 100176853 was modified on 16 Dec 2023.

    16 Dec 2023

  • Annual General Meeting

    Precision Wires India Limited last Annual general meeting of members was held on 04 Sep 2023 as per latest MCA records.

    04 Sep 2023

  • Balance Sheet

    Precision Wires India Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 35.00 Cr with Charge ID 100694947 was registered on 24 Feb 2023.

    24 Feb 2023

  • Charges

    A charge with Hdfc Bank Limited of Rs. 225.00 Cr registered on 13 Feb 2020 with Charge ID 100326590 was modified on 02 Jun 2022.

    02 Jun 2022

Frequently asked questions

  • Precision Wires India Limited was incorporated on 23 Nov 1989.

  • The authorized share capital of Precision Wires India Limited is ₹ 25.00 Cr and paid-up capital is ₹ 17.87 Cr.

  • Currently 9 directors are associated with Precision Wires India Limited.

    • Mahendra Ratilal Mehta
    • Milan Mahendra Mehta
    • Deepak Mahendra Mehta
    • Pradip Roy
    • Niraj Pankaj Bhukhanwala
    • Manoj Ghanshyam Lekhrajani
    • Asha Morley
    • C Mohandas Pai
    • Deepika Lalchandra Pandey
  • As per Ministry of Corporate Affairs (Mca), the registered address of Precision Wires India Limited is Saiman Hsc 2Nd Flr 1St Khedgall Khed Galli, Prabhadevi, Mumbai, Maharashtra, India, 400025.

  • The corporate identification number (CIN) of Precision Wires India Limited is L31300MH1989PLC054356 and the company number is 054356 as per Ministry of Corporate Affairs (MCA).

  • Yes, Precision Wires India Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): PRECWIRE.

  • The Official website of Precision Wires India Limited is https://www.precisionwires.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Precision Wires India Limited has risen by 13.58%.

  • As Per 2023 financial reports, 671 employees are currently employed by Precision Wires India Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Precision Wires India Limited has experienced an upsurge of 23.41%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Precision Wires India Limited amount to ₹ 553.03 Cr.

  • The most recent Balance Sheet for Precision Wires India Limited was filed with the ROC on 31 Mar 2023.

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