Leading Mid Corporates 2020

Leading Mid-Corporates of India 2020 E - 37 Experts' View The Precision Group is at the forefront of the automotive components business. Located in Solapur, India, the flagship company Precision Camshafts Limited (PCL) is one of the largest camshaft manufacturers in the world. PCL has set a global benchmark in manufacturing quality camshafts through its robust systems, technology and processes. Spread over a 45 acre green campus, PCL has a capacity to cast 12 million camshafts per year and machine about 4 million camshafts per year. Across its four foundries and four machine shops, PCL produces more than 150 types of camshafts for a range of automobile segments - from passenger cars, tractors, light commercial vehicles to locomotive engine applications. Today PCL is one of the world’s leading camshaft manufacturers with a 9-10% global market share in the passenger vehicle segment supplying to marquee customers like GM, Ford, Maruti Suzuki, Hyundai, Porsche and Toyota, to name a few, across different geographies including Brazil, Mexico, USA, Europe, Uzbekistan, India, Korea and China. A one-stop solution for Chilled Cast Iron, Ductile Iron, Hybrid and Assembled camshafts, PCL has exported over 70 million camshafts without a single field failure! Capitalizing on Inorganic Growth opportunities PCL has acquired Nashik based MEMCO Engineering Private Limited, MFT Motoren und Fahrzeugtechnik GmbH located in Cunewalde, Germany and EMOSS Mobile Systems BV in Oosterhout, Netherlands. MEMCO’s key products include fuel injection components for conventional and CRDi diesel engines, brake parts WHERE PASSION MEETS PERFORMANCE Precision Camshafts Limited and high precision instrumentation components for key global customers like Bosch, Delphi and Endress+Hauser. MFT GmbH manufactures critical products like Balancer Shafts, Camshafts, Bearing Caps, Engine Brackets and several non-engine Prismatic components for marquee global customers like Volkswagen, Audi, Opel, Westfalia, Hatz, Suzuki, etc. With over 10 years of experience in the electric driveline space, EMOSS designs, develops, produces and supplies complete electric powertrains for heavy equipment including buses and trucks that can carry a payload of 2 to 50 tons with a mobility of above 350 km. PCL is working towards the introduction of an electric vehicle that’s localised for Indian conditions. Under the strong leadership of the founder and Chairman MD, Mr. Yatin Shah, the Precision Group has grown the organic business as well as all three acquired companies multifold since acquisition and has emerged as a global automotive player! The Precision Group today is a global engineering company employing over 2500 people and supplying camshafts, injector components, brake parts, balancer shafts, prismatic components and complete electric drivelines to all leading OEMs around the globe with consolidated revenues of over $100 million and healthy margins. “The Precision DNA is a work culture rooted in sharp customer focus, transparency in operations, a sense of ownership, keen attention to details, conservative financial approach and high level of discipline and upkeep” Yatin S Shah Chairman & Managing Director Case Study Dun & Bradstreet