Premier Ltd
NSE: PREMIER BSE: 500540
₹2.58
-0.09 (3.37%)
Thu, 22 Oct 2026, 09:47 pm
Market Cap (in Cr)8.05
PE Ratio0
Dividend0
Producer Manufacturing
Industrial Machinery
24.5KPremier Ltd 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.
