Pix Transmissions Explained

Pix Transmissions Ltd (PTL) is an Indian manufacturer of belts and related mechanical transmission products.^{[1] [2] [3]} Headquartered in Mumbai, Maharashtra, the company has manufacturing facilities in Hingna and Nagalwadi, Nagpur.^{[4] [5]}

In 2021, PTL reported consolidated revenue of INR 4 billion.^[6] The company has also listed in the Bombay Stock Exchange in the year 1989.^{[7] [8]}

History

PTL started its operations in 1981 in Nagpur, Maharashtra. In 1999, the company established a new manufacturing facility and began production of Timing, Raw Edge Cogged, and Poly-V Belts.

The company has manufacturing units in Hingna and Nagalwadi, Nagpur. The Nagalwadi facility is an automated polymer mixing facility.

PTL commenced operations in the UK, Germany, and UAE by establishing subsidiaries and joint ventures, such as PIX Europe Limited, PIX Germany GmbH, and PIX Middle East Trading LLC.^[9]

In 2021, the company announced its foray into the automotive segment with the launch of PIX Force.^[10]

R&D facilities

The company has its R&D centers located at Nagalwadi Plant, Nagpur.

• Plant I: Hingna MIDC
• Plant II: TRP plant, Nagalwadi, Nagpur
• Plant III: MEC plant, Nagalwadi, Nagpur
• Plant IV: Pix logistics hub

Awards and achievements

• Export Promotion Council Govt. of India^[11]
• Niryat Shree Award from the president of India^[12]

External links

• Web site: Pix Transmis Standalone December 2021 Net Sales at Rs 107.95 crore, up 4.42% Y-o-Y . 2022-03-21 . Moneycontrol . 16 February 2022 . en.
• News: Pix Transmission Ltd. . Business Standard India .

Notes and References

1. Web site: 2021-08-31 . Top three stock picks by HDFC Securities' over the next two quarters . 2022-03-25 . mint . en.
2. Web site: Multibagger Stocks: 5 रुपए के इस स्टॉक ने निवेशकों को किया मालामाल, 1 लाख बन गए 1.7 करोड़ . 2022-03-09 . Jansatta . 23 February 2022 . hi.
3. Web site: Paoli . Chiara De . 2020-12-04 . PIX Introduce }} New PIX-Terminator Belts ]. 2022-03-25 . The HeavyQuip Magazine . en-US.
4. Web site: Pix Transmissions Ltd. . hdfcsec.
5. Web site: 2022-03-05 . Top 10 Best Indian Rubber Manufacturing Company In 2022 - Inventiva . 2022-03-25 . en-US.
6. Web site: Pix Transmission reports net profit of Rs 4.20 crore in the March 2010 quarter . 2022-03-23 . NDTV.com.
7. Web site: 17 July 2012 . Pix Transmissions Limited: Pix Transmissions Limited sells hydraulic hose business to UK firm Nagpur News - Times of India . 2022-03-09 . . en.
8. Web site: CRiSil Research . www.bseindia.com.
9. Web site: Amarpal Sethi, Chairman and Managing Director, Pix Transmission Ltd . 2022-03-09 . www.indiainfoline.com . en.
10. Web site: 23 January 2021 . PIX steps up presence in automotive segment with 'PIX Force' range of belts – Motorindia . 2022-03-25 . Motorindia . en-US.
11. News: Pix Transmission Ltd. . Business Standard India . 2022-03-25.
12. Web site: Pix Transmissions receives prestigious Niryat Shree award . 2022-03-23 . NDTV.com.