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Minda Group

Pune, Maharashtra
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Minda Group

Established in 1944, Premier Automobiles Ltd. pioneered automobile manufacturing in India. It is now called Premier Ltd. Today the Company’s focus is on two core businesses, namely Automotive and Engineering, which operate out of its state-of-the-art ISO 9001 manufacturing plant in Chinchwad, Pune. The Engineering segment has two activities - CNC Machine Division and Engineering while the Automotive segment consists of Light Utility Vehicles and Sports Utility Vehicles. Originally based in Mumbai, Premier Ltd. relocated to its present state-of-the-art ISO 9001 certified plant at Chinchwad, Pune. Spread over 27 acres, this plant now serves as the centralised research, development and manufacturing for all activities.

Engineering

Premier’s engineering business provides components for wind energy, power generation and infrastructure sectors.We are also a leading manufacturer of large and heavy duty CNC machines such as CNC Gear Hobbing, Shaping andShaving Machines, CNC Gear Tooth Chamfering and Rounding Machines, Vertical Turnmill Centres, Vertical and Horizontal Machining Centres and Special Purpose Machines.

Automotive

Premier entered the utility vehicle segment with India’s most fuel efficient SUV called the RiO, which is compact and available in diesel (CRDi4 engine) and petrol variants. Its portfolio also includes a 1.5 tonne LCV called the Roadstar.


Factsheet

Basic Information

Nature of BusinessManufacturer
Company CEOMaitreya Doshi
Total Number of Employees1001 to 2000 People
Year of Establishment1976
Legal Status of FirmLimited Company (Ltd./Pvt.Ltd.)

About Our Mentors

Established in 1944 by industrial pioneer Walchand (Doshi) as India’s first automobile manufacturer part of the erstwhile ‘Walchand’ industrial group that established many of India’s major industries :



  • Walchand Hirachand


  • Lalchand Hirachand


  • Vinod Doshi

Born in Solapur, Maharashtra, Seth Walchand Hirachand transcended his rural roots to implement a vision of an independent India founded on genuine Indian enterprise, skills and capabilities.

Chairman's Message

Dear Shareholders,

The macroeconomic and industrial scenario in the country during the year under review has been extremely challenging. An environment of reducing GDP growth, high interest rates and persistent inflation has put considerable pressure on your Company's performance with sales and profits not growing during this period. Your Company's Engineering Segment (comprising CNC Machines and Heavy Engineering) that is strongly linked to the automotive, wind energy and infrastructure sectors faced a significant slackening of demand due to head winds faced by these industries.

For the first time in many years, the auto industry has registered a huge drop in growth, thereby impacting your Company's CNC gear machine sales, the auto OEM’s and ancillary industry that are directly affected by this slump in vehicle demand. Your Company's heavy CNC machines, normally purchased by Railways, PSU's and large private sector customers, also suffered a paucity of orders because of deferred capital investment programs due to reduced Government spending.

The Heavy Engineering Division was badly affected by the slump in wind turbine component orders due to a policy change by the Government in the 2012 budget, resulting in a significant drop in the industry demand and the consequential fall out on your Company. Fortunately, some of this has been made up by new business such as metro rail chassis supplies and other engineering areas unrelated to the wind turbine industry.


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Brands We Deal In

Board Of Directors
  • Maitreya Doshi
  • S. Padmanabhan
  • Asit Javeri
  • Rohita Doshi
  • Udo Weigel
  • Kavita Khanna
  • Dilip J. Thakkar
  • Ramesh Adige
  • Shailesh Vaidya
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