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Pavna Industries Ltd.

BSE: 535375 Sector: Others
NSE: PAVNAIND ISIN Code: INE07S101020
BSE 05:30 | 01 Jan Pavna Industries Ltd
NSE 05:30 | 01 Jan Pavna Industries Ltd

Pavna Industries Ltd. (PAVNAIND) - Company History

Pavna Industries Limited is a manufacturer and supplier of high-quality reliable auto mobile parts such as Ignition Switches Fuel Tank Caps Latches Auto Locks Handles Switches Oil Pump Carburettor Throttle Body Fuel Cocks Injection System Casting Components and other automotive parts solutions for automobile applications serving automobile agricultural and other applications worldwide and having a diversified product portfolio.Pavna Locks Private Limited was incorporated on April 19 1994 under the Companies Act 1956 with the Registrar of Companies Kanpur. The Company was changed to Public Limited and the name of Company was changed to Pavna Locks Limited on October 30 2000. Further name of the Company got changed to Pavna Zadi Security Systems Limited on October 30 2000 and subsequently name of the Company was changed to Pavna Industries Limited on April 30 2019. The Company is engaged in manufacturing of wide range of automotive components for reputed Original Equipment Manufacturers (OEMs) as per their requirements primarily catering to various vehicle segments including passenger vehicles two-wheelers three-wheelers heavy and light commercial vehicles and off-road vehicles. The Company provide aftermarket sales and services including products manufactured such as filters clutch plates bearings wiper blades and brake shoes. The Company has ultra-modern manufacturing plants in India located in Aligarh (Uttar Pradesh) Aurangabad (Maharashtra) & Pantnagar (Uttarakhand). Facilities are located in key auto-clusters and some of the facilities are in close proximity to the plants of OEM customers. The proximity of facilities to the plants of OEM customers also facilitates greater interaction with customers thereby enabling to respond their requirements in a timely manner. The facilities have been laid out to match best plant engineering standards as plants are busy producing automotive products in large quantities as per customer`s exacting standards. The Company undertake research and development on technologically advanced products innovation enhancing products portfolio improving the quality of products and manufacturing processes both independently and through cooperation with customers. Research and development capabilities are a result of a combination of technological knowledge of joint venture partners and technical collaborators and those that internally developed. The Company has entered into joint ventures and technical collaboration with Sunworld Moto Industrial Company.As the most experienced automotive part solutions company in South Asia the Pavna Group is a large-scale multi-product and advanced auto component manufacturer driven by new products and technology. All PAVNA units have been certified with IATF (International Automotive Task Force ) & OHSAS (Occupational Health and Safety Assessment Series). The units are ISO 9001:2015 ISO 14001:2015 OHSAS 18001:2007 and IATF 16949:2016 certified. The Company focuses on quality & customer centric components catering to automotive market. With a unique motto to make users `Secure Fast & Better' the Company is committed to empower the lives of employees to live better increase their efficiency and promote manufacturing of innovative products and solutions.The Company made a bonus allotment of 2594000 bonus shares of face value of Rs. 10/- each in ratio of 1:1 (i.e. one equity share for every one equity share already held) to the Members on 12th June 2020. Further the Company made IPO allotment of 902400 equity shares of Rs. 10/- for Rs. 165/- each including a premium of Rs. 155/- per Shares on 04th March 2021.

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