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Pritika Auto Industries

Pritika Auto Industries

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Overview

OVERVIEW

Incorporated in 1980, Pritika auto industries (India) Ltd is involved in the business of manufacturing, designing, planning, fabrications, processing of industrial and non-industrial plans machinery, equipment tools, stores related to the automotive market. The Mumbai- based enterprise aims to promote the development and production of designs and technical methodologies of motor vehicle parts, Tools, implements, spare parts.  

Pritika Group is one of the country's leading manufacturers and distributors of automobile accessories and spares. Its registered office is at SAS Nagar (Mohali), Chandigarh, Punjab, India. The company aspires to widen its merchandise station to satisfy the growing requirements of the automotive market and emerge as the leading dealer of automotive parts and machine tools. Their network consists of hundreds of traders and dealers equally divided pan India to address all its customer’s needs. The company is listed on the Bombay and National Stock Exchange list.

MERGERS AND ACQUISITIONS

The company was promoted by Shri G. R. Agrawal and his associates in the year 1980. Pritika Automotive industries were formerly known as Shivkrupa Machineries and Engineering Services Ltd. 

Mr Raminder Singh Nibber is the chairman of the company. Pritika Automatove contributes to Metalworking Machinery Manufacturing Industry. 

The enterprise has numerous companies in its corporate family. Pritika Autovcast LTD. and Nibber Castings PVT. LTD. constitute the Pritika automotive industries. 

SERVICES

The company has an expansive range of products which they offer to their clients

  • jigs and fixtures

  • machine tool accessories

  • rear axle housing

  • differential case

  • hydraulic lift covers

  • wheel hubs

  • front-engine/axle supports

  • flywheel housings

  • transmission covers and assy

  • oil sumps

  • end covers

  • brake housings

  • plate differential covers

  •  tractor parts

  • automobile spare parts

  • automobile alloys and castings

  • plant equipment

  • bolts and nuts

  • screws of all sizes and designs for automobiles

  • assembling, jobbing and fabricating motor vehicle accessories

  • components of buses lorries, omnibuses, engines

  • machine parts and accessories of scooters, tractors and other locomotives

The Company has been currently engaged in the trading of types of machinery and various industrial products concerning the automotive industry. 

The much-talked Company is well known to provide engineering and allied services to its clients.

MILESTONES

Shivkrupa Machineries and Engineering Services Ltd. changed its name to Ritika Automotive Industries in March 2017. The Machine Castings manufacturer was incorporated as a public ltd company in the year 1980 under the Companies’ act 1956. 

The trading company established pritika autocast ltd. in 2007 in Himachal Pradesh. In 2010, the company expanded by starting another manufacturing unit with 80% capacity booked by Mahindra & Mahindra for its Swaraj Division. In 2017, the company started another company named Nibber Castings Pvt. Ltd.

The prime Revenue Segments of Pritika Auto Industries include Engineering Goods for the year concluding 2020. 

During the year 2013, they received a quality certification ISO(27001). The company has also received a quality certification for continual ISO 50001.

AWARDS AND RECOGNITIONS

Pritika Auto Industries Ltd. bagged the Make in India Foundation Award for Corporate Excellence in the year 2018. 

Best Quality Performance for 2010-11 was handed over to Pritika Auto Industries followed by another accolade Swaraj Ltd. Award For Casting Commodity in 2012. 

The pioneer manufacturer of world-class auto components and spare parts in India added a prestigious new client to their customer base in 2021. A leading manufacturer of tractors has given order visibility of about Rs. 24 crores for machined castings to the Pritika Auto Industries Ltd. 

ABOUT INVEST YADNYA

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You will get to know the ratio analysis, cash flows, income and expenses, and the company's historical growth rate. Pritika auto results help the clients understand its financial position before making any investment decisions. The investors are also able to identify the core values and worth of the company. We also provide the pritika auto share price history, so that you get a clear idea. Invest confidently and in a secure manner at Invest Yadnya. Create a free account and search for all the details about the pritika auto industries share price before making your investment.

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