What we do Premier Ltd manufactures passenger cars, CNC machines, and large mechanical components for wind energy and infrastructure sectors, focusing on engineering services. |
Founded in 1,944 |
Market share Historically significant in Indian automotive; now a niche player in engineering and CNC machine manufacturing. |
Problem solved Delivers advanced engineering solutions and precision machinery to support automotive and renewable energy industries. |
Top clients or who we serve Automotive companies like Tata Motors, wind energy firms, infrastructure sectors; B2B focus. |
Key management - |
Our journey and innovations From iconic Premier Padmini to CNC machine innovations, expanding automotive assembly, and wind turbine component manufacturing. |
Where we operate Primarily India with exports to Europe for wind energy components. |
Top products or what we offer CNC Gear Shaping Machines, vehicle assembly lines (Roadstar, RiO), wind turbine components, precision machining services. |
Top brands Premier Padmini (historic), RiO (vehicle), CNC Gear Machines, Roadstar (vehicle assembly). |
Raw materials needed High-grade steel, casting materials, CNC components, electronic controls. |
Raw materials supplier - |
Recurring vs cyclical contribution Engineering segments provide cyclical project-based revenues, automotive assembly more cyclical. |
Our industry position Niche player in engineering manufacturing, modest automotive operations amid sector challenges. |
Financial highlights Total income approx. Rs. 10.65 crore (FY 2024-25), net loss Rs. 8.14 crore; under Corporate Insolvency Resolution Process. |
Geographical revenue split Approx. 95% revenue from India, 5% from international markets, mainly wind turbine parts exports. |
Order book - |
Whats driving growth Renewable energy sector demand, modernization projects, CNC technology advancements. |
Our future plans Capacity expansion in machine tools, new product development, resolution of insolvency proceedings. |
Our green promise Supports renewable energy via wind turbine manufacturing components. |
Our people and values Committed workforce under Resolution Professional leadership during insolvency phase. |
Key challenges ahead Financial restructuring, competitive market dynamics, turnaround under insolvency process. |
Interesting facts Premier Padmini was an iconic car before Maruti 800 era; extensive legacy in Indian automotive. |
Risks and strategy Facing financial distress; working under CIRP with focus on operational turnaround and creditor engagements. |
