1992 – ‘Precision’ was started in a small facility with semi machining of 7200 camshafts per year.
1994 – Started operations with the name Precision Camshafts Pvt. Ltd., a machine shop, for manufacturing 1, 20,000 fully machined camshafts per year.
1995 – Set up a captive foundry to produce 3, 60,000 chilled cast iron camshaft castings per year.
1997 – Commonwealth Development Corporation, UK (CDC) joined hands with PCL for the expansion plans. Machining and foundry capacity enhanced to 4, 80,000 per year.
1999 – Signed a technical and financial Joint Venture with a leading European manufacturer of camshafts, G. Clancey Ltd, UK.
– Set up a 100% EOU Clancey Precision Components Private Limited (CPCPL), to manufacture 18, 00,000 camshaft castings per year for the OE International market.
2002 – The JV crossed a supply of over 1.5 Million Camshafts per year with the distinction of achieving the Global Bench mark – 2000 ppm
2004 – Bagged prestigious contract of Ford India, GM-Opel – Europe
2005 – Precision expanded its manufacturing facility by putting up a new foundry to produce 75000 camshaft castings per month and a state of the art machining line for FORD India and Ford UK.
2006 – Precision acquired 100% ownership in Clancey Precision Components Private Limited by acquiring the stake of its Joint Venture partner G Clancey Ltd, UK. The company was now called Precision Valvetrain Private Limited (PVPL).
2007 – Precision bagged additional prestigious International contracts from Porsche, BMW, GM – Korea and GM – Brazil.
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