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: December 25, 2024

Precision Wires India Profile

Key Indicators

  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 17.87 Cr
  • Company Age 35 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 570.03 Cr
  • Satisfied Charges ₹ 272.50 Cr
  • Revenue Growth 13.58%
  • Profit Growth -5.58%
  • Ebitda -9.32%
  • Net Worth 23.41%
  • Total Assets 5.63%

About Precision Wires India

Precision Wires India Limited (PWIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 23 November 1989 and has a history of 35 years and three months. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 523539 and on the National Stock Exchange(NSE) under PRECWIRE.

The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 25.00 Cr and a paid-up capital of Rs 17.87 Cr.

The company currently has active open charges totaling ₹570.03 Cr. The company has closed loans amounting to ₹272.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Precision Wires India Limited India are Deepika Pandey as COMPANY SECRETARY and C Pai as Cfo. Sanjay Singhvi, Asha Morley, Manoj Lekhrajani, and Three other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    precisionwires.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L31300MH1989PLC054356

  • Company No.

    054356

  • Stock Symbol

    BSE : 523539 NSE : PRECWIRE

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    23 Nov 1989

  • Date of AGM

    20 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

What products or services does Precision Wires India Limited offer?

Precision Wires India Limited offers a wide range of products and services, including Laptops, Dell Laptops, Arcade, Game Consoles & Accessories, PC Gaming & Accessories, Winding Wire, Enamelled Winding Wire, Electrical Conductors, Metal and Alloy Wires, Insulated Copper Conductors.

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

Executive Team (3)

NameDesignationAppointment DateStatus
Deepika Pandey Country flag representing In Company Secretary27-Feb-2020Current
C Pai Country flag representing In CFO28-May-2014Current
Milan Mehta Country flag representing In Managing Director28-Aug-2015Current

Board Members (5)

NameDesignationAppointment DateStatus
Sanjay Singhvi Country flag representing In Director 10-Aug-2024Current
Manoj Lekhrajani Country flag representing In Director 06-Mar-2024Current
Asha Morley Country flag representing In Director 23-Jun-2023Current
Niraj Bhukhanwala Country flag representing In Director 27-May-2022Current
Deepak Mehta Country flag representing In Whole-Time Director 01-Aug-2007Current

Financial Performance 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%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(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%

What is the Ownership and Shareholding Structure of Precision Wires India?

In 2023, Precision Wires India had a promoter holding of 57.93% and a public holding of 42.08%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹570.03 Cr

Satisfied Charges

₹272.50 Cr

Charges Breakdown by Lending Institutions

  • Others : 310.03 Cr
  • Hdfc Bank Limited : 260.00 Cr

Latest Charge Details

DateLenderAmountStatus
31 Jul 2024Others₹35.00 CrOpen
24 Feb 2023Hdfc Bank Limited₹35.00 CrOpen
13 Feb 2020Hdfc Bank Limited₹225.00 CrOpen
19 Apr 2018Others₹275.00 CrOpen
08 Aug 2002Others₹0.35 MOpen

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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Precision Wires India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Precision Wires India's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Precision Wires India

Recent activity within the organization

  • Annual General Meeting

    Precision Wires India Limited last Annual general meeting of members was held on 20 Sep 2024 as per latest MCA records.

    20 Sep 2024

  • Charges

    A charge registered on 19 Apr 2018 via Charge ID 100176856 with Others was fully satisfied on 13 Sep 2024.

    13 Sep 2024

  • Director Appointment

    Sanjay Singhvi was appointed as a Director was appointed as a Director on 10 Aug 2024 & has been associated with this company since 6 months 14 days .

    10 Aug 2024

  • Charges

    A charge with Others amounted to Rs. 35.00 Cr with Charge ID 100957848 was registered on 31 Jul 2024.

    31 Jul 2024

  • Balance Sheet

    Precision Wires India Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Director Appointment

    Manoj Ghanshyam Lekhrajani was appointed as a Director was appointed as a Director on 06 Mar 2024 & has been associated with this company since 11 months 18 days .

    06 Mar 2024

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 8 directors are associated with Precision Wires India Limited.

    • Deepika Lalchandra Pandey
    • C Mohandas Pai
    • Sanjay Singhvi
    • Asha Morley
    • Manoj Ghanshyam Lekhrajani
    • Niraj Pankaj Bhukhanwala
    • Deepak Mahendra Mehta
    • Milan Mahendra Mehta
  • 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 India, Mumbai, Maharashtra, 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 ₹ 570.03 Cr.

  • The most recent Balance Sheet for Precision Wires India Limited was filed with the ROC on 31 Mar 2024.

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