Pennar Industries Ltd

About Pennar Industries

Pennar Industries is a leading engineering company based in India, specializing in the manufacture of precision-engineered products. Established in 1975, it offers a diverse range of solutions across sectors like automotive, construction, and railways. The company is known for its innovative approaches and commitment to quality. With a strong focus on sustainability and technology, Pennar is dedicated to meeting the evolving needs of its customers. Its robust manufacturing capabilities and skilled workforce drive its success in the competitive market.
The company primarily serves the automobile sector, providing quality materials to major clients like Jay Bharat Maruti and Mahindra & Mahindra. Additionally, Pennar supplies CRCs to well-known brands in the white goods sector, including Godrej, Kelvinator, and Voltas. This diverse customer base ensures a steady stream of business and revenue for the company.

Pennar’s success is closely linked to the automotive market, where the demand for high-quality cold-rolled coils remains essential. The company’s focus on quality and innovation has helped to show a strong reputation in the manufacturing industry. You can track the latest Pennar Industries share price on NSE and BSE as well as on the BlinkX website.

History of Pennar Industries Ltd

Pennar Industries was established in August 1975 by Shri J Naresh Kumar and the Andhra Pradesh Industrial Development Corporation (APIDC) to strengthen India's manufacturing sector. In 1989-90, Pennar Industries Ltd expanded its production capacity from 12,000 tons per annum to 60,000 tons per annum, reaching 36,000 tons by 1990-91. This growth positively influenced the Pennar Industries shares, reflecting the company’s commitment to increasing production efficiency. In 1991-92, it formed a joint venture, Thomas & Betts Pennar, with the U.S.-based Thomas & Betts Corporation to produce electronic connectors. 

The company diversified in 1993-94 by setting up a 3-MW wind energy farm near Coimbatore, Tamil Nadu, and began manufacturing value-added pressed and fine-blanked metal components, with production starting in 1994-95.

Business Segments

The company's primary business segments include the following. 

• Automobile sector: Pennar Industries supplies CRCs to major clients like Jay Bharat Maruti and Mahindra & Mahindra, with this sector accounting for 50% of its sales.
• White Goods sector: The company supplies CRCs to well-known brands such as Godrej, Kelvinator, and Voltas.

Key Personnel of Pennar Industries Ltd 

• Mr. Ravi Venkata Siva Ramakrishna: He is the Chairman of Pennar Industries. 
• Mr Aditya N Rao: He is the Vice Chairman & Managing Director
• Mr. Virginia Sharma: Director of the company.
• Mr. Shrikant Bhakkad: He is the company’s CFO.
• Mr. Parthasarathy Vankipuram Srinivasa: One of the directors of the company. 

Corporate Actions

In September 1995, Pennar Industries Ltd received ISO 9002 certification from RWTUV, Germany. It is recognized for its commitment to quality management. However, by June 30, 2001, the company faced financial difficulties and was classified as a sick industrial company. It has adversely affected the Pennar Industries share price BSE. You can check the latest Pennar Industries share price today to know how well the company is performing.