Photo By Joshua Navalkar
Premier Heavy Engineering
Homegrown Techniques,
the success potion for Premier
Premier Ltd established its Engineering Division to utilise the in-house facilities & expertise to offer machining services to major automobile industries in Pune. With clients like Tata Motors, Force Motors and Carraro Ltd among others, the division has come a long way. The management gives all credit to determined manpower, in-house advance measures and new technologies that have helped the division to expand. At present, they boast to be one of the leading wind turbine parts suppliers globally. Our recent visit to the Heavy Engineering Division in Pune only supported their leadership claim in the segment. Nishi Rath
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remier Ltd, the makers of Premier Padmini cars that once ruled the Indian roads, is smoothly sailing through with their second inning. The company, which faced hard times earlier, has now diversified into machining and heavy engineering business. Besides, it re-entered the auto business after a gap of a decade. In 2011, Maitreya Doshi, Chairman and MD, Premier Ltd, expressed his desire to build the group into a `2,500 crore turnover company in the next six years.
The beginning…
Premier formed joint ventures (JVs) with Peugeot and Fiat in 1991, but the JVs collapsed. After a difficult period of tax litigations and indebtedness,
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Premier sold its 36 acre Mumbai property to Manohar Joshi-owned real estate company Kohinoor Planet for `120 crore in 2005. This money, along with `250 crore (in debt) and fresh equity infusion was used to expand and modernise the existing plant in Pune. In 2008, Premier entered the heavy engineering business, making generator parts for windmill and infrastructure players. It now also manufactures chassis frames for BEML’s metro train coaches and large cylinder blocks for Cummins. The 52,000 sqft plant is spread over 27 acre and now makes computer numerical control (CNC) tooling machines, mainly gear-making machines and heavy machine blocks for automotive and heavy engineering giants like Tata, Mahindra, Eaton, L&T and BHEL. Premier now boasts
of 70% market share in this business. The company’s collective turnover from its three core businesses is about `300 crore. “Our shed space is dedicated to the manufacturing of wind turbine components for power majors like Tata, Cummins and Enercon India. It has a full complement of manufacturing capabilities including fabrication, machining, blasting and painting of wind turbine; steel parts like disc rotors, stator rings, stator carriers, rotor housings and supporting structures. The division undertakes complete machining of rotor hubs, blade adaptors, axle pins and main carriers made from castings used in wind turbines,” says KG Rathi, VP – Engineering Services Division, Premier Ltd.