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Premier Ltd logo

Premier Ltd

NSE: PREMIER BSE: 500540

₹2.99

(0%)

Tue, 03 Mar 2026, 00:35 pm

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Company History

1944

  • The company was incorporated at Mumbai.

1956

  • The company converted Equity B shares into Equity A shares.
  • The company had 1,236 shares taken up during 1950-1955.

1959

  • The company subscribed for 277 shares during 1956-59.
  • The company allotted 7,387 shares in conversion of debentures.

1960

  • The company issued 1,84,600 Rights shares at par in the proportion 1:2.

1962

  • The company issued 6,043 shares in conversion of debentures.
  • The company subscribed for 271 shares.
  • The company offered 1,87,237 Right shares.

1963

  • The company issued 12 shares in conversion of debentures.
  • The company allotted 1,39,232 shares out of the 1962 issue.

1964

  • The company allotted 39 shares during 1963 and 161 shares during 1964 out of the 1962 issue.

1970

  • The technical collaboration agreements with North American Rockwell Corporation and Fiat S.P.A., Italy expired.

1972

  • The collaboration agreement with Chrysler Corporation for the manufacture of commercial vehicles expired.

1980

  • The company received government approval for foreign collaboration and import of capital goods.
  • The company undertook a project for modernisation and shifting of car assembly plant to Dombivli.

1981

  • The company reissued or annulled 40 forfeited shares.
  • The company allotted 60,000 shares on conversion of loans/debentures.

1983

  • The company's licensed capacity was augmented from 18,000 to 28,600 passenger cars per annum.

1985

  • The company received an endorsement on its license from the government increasing its licensed capacity to 50,000 vehicles.
  • The company revalued its freehold land, buildings, plant, machinery and equipment.

1986

  • The company was affected by recession in the automotive industry.
  • The company proposed to implement various projects for the manufacture of 118 NE with transmission and FNM diesel engine.
  • The company acquired facilities including technical collaboration agreement with Technolicence Ltd., U.K.
  • The company issued 80,94,910 bonus equity shares.

1987

  • The company acquired the machine tool division of Walchand Industries Ltd., Chinchwad.
  • The company signed a MOU with Comars, Italy for marketing and developing components.

1988

  • The government rejected the company's application to manufacture SUNNY model cars of Nissan of Japan.
  • The company offered 20,00,000 secured redeemable non-convertible debentures on a rights basis.
  • The company issued 53,89,940 Right shares.
  • The company allotted additional 8,43,922 shares to retain oversubscription.

1989

  • The company supplied diesel cars to the taxi trade.
  • The company tied up with AVL of Austria and Power Design Intra (PDI) of USA.

1990

  • The company's profitability was adversely affected due to increase in excise duty and rise in interest burden.
  • The company entered into an agreement with M/s. Dorries Scharmann GmbH, Germany for the manufacture of CNC Vertical turning centres.

1991

  • The company closed down its Wadala plant.

1992

  • The company issued 25,00,000 secured redeemable non-convertible debentures to financial institutions.

1993

  • The company installed diesel engine on the 118 NE car.
  • The company introduced improved petrol engines with technical assistance from AVL Austria.
  • The company entered into a joint venture agreement with Automobiles Peugeot of France.
  • The company entered into a technical collaboration agreement with Fiat Auto Spa., Italy.

1994

  • The machine tool division developed CNC gear tooth chamfering machine and special CNC turning machine.
  • The company entered into a technical collaboration agreement with Hermann Pfauter of Germany.
  • The company issued 33,94,664 warrants to promoters.
  • PAL Hire Purchase Ltd. became a wholly owned subsidiary of the company.
  • Kalyan Motors Company Ltd. became a subsidiary of the company.

1995

  • The company's equity shares were fully paid-up.

1996

  • The company launched UNO cars on January 5.
  • The company suspended production of Padmini petrol cars due to new emission norms.
  • The company developed new attachments for machine tools.
  • The company signed a MOU with Comars, Italy for marketing and developing components.
  • The company issued 3,394,664 shares to promoters.

1997

  • The company undertook indigenisation of UNO Cars.
  • The company localised wheels, wheel caps, jacks, seats, tyres, horns, batteries, etc.
  • The company introduced the synchromesh transmission on Premier Padmini Diesel.
  • The company introduced the PP137D car with bucket seats.
  • The company transferred its automobiles business at Kurla to Ind Auto Ltd.
  • Ind Auto Ltd. became a joint venture company with Fiat Auto, Italy.

2000

  • Premier Auto Electric Ltd acquired 2,39,950 equity shares of Premier Ltd.
  • Premier entered into an agreement with China Motor Corporation of Taiwan to foray into the light multi-utility vehicle segment.

2001

  • Premier entered into an agreement with China Motor Corporation of Taiwan to manufacture a lightweight van called Varica in India.

2005

  • Premier rolled out a multi-purpose vehicle.
  • Premier rolled out Sigma and Roadstar on February 10.
  • The company changed its name from Premier Automobiles Ltd. to Premier Ltd.
  • The company shifted its registered office from Lal Bahadur Shastri Marg, Kurla, Mumbai to Mumbai Pune Road, Chinchwad, Pune.

2008

  • Mrs. Kavita Khanna was appointed as a Director of Premier Ltd.

2009

  • Premier launched a new vehicle.
  • Premier launched a compact SUV in India.

2010

  • Premier recommended an equity dividend of 27%.
  • Mr. Dilip J Thakkar was appointed as an Additional Director of the Company.

2011

  • Premier won the Fie Foundation Award at IMTEX 2011.
  • Premier inaugurated its Technology Centre in Bangalore.

2012

  • Premier and FIAT signed a 1.3 litre Multi-jet Diesel Engine Supply Agreement for the RIO.

2013

  • Premier entered into an agreement with Horizon Projects Pvt. Ltd. to develop an Affordable/Middle Income Housing project on 150 acres of its land at Dombivli, Mumbai.

2014

  • The company recommended an equity dividend of 30% for the year ended March 31, 2014.

2019

  • Premier Ltd shifted its registered office from Mumbai-Pune Road, Chinchwad Chakan Industrial Area at Village Sawardari, Taluka Khed.

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