Pix Transmissions

Last updated

Pix Transmissions Ltd
Type Public
IndustryBelt manufacturer
Founded Mumbai, Maharashtra, India (1981;42 years ago (1981))
Headquarters,
India
Area served
Worldwide
Revenue
  • Increase2.svg INR 4 billion (2021)
[1]
Subsidiaries PIX Europe Limited
PIX Germany GmbH
PIX Middle East Trading LLC
Website pixtrans.com

Pix Transmissions Ltd (PTL) is an Indian manufacturer of belts and related mechanical transmission products. [2] [3] [4] Headquartered in Mumbai, Maharashtra, the company has manufacturing facilities in Hingna and Nagalwadi, Nagpur. [5] [6]

Contents

In 2021, PTL reported consolidated revenue of INR 4 billion. [1] 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. [5]

The company has manufacturing units in Hingna and Nagalwadi, Nagpur. The Nagalwadi facility is an automated polymer mixing facility. [8]

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. [9]

Awards and achievements

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References

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  2. "Top three stock picks by HDFC Securities' over the next two quarters". mint. 31 August 2021. Retrieved 25 March 2022.
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  4. Paoli, Chiara De (4 December 2020). "PIX Introduce It's [sic] New PIX-Terminator Belts". The HeavyQuip Magazine. Retrieved 25 March 2022.
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  6. "Top 10 Best Indian Rubber Manufacturing Company In 2022 - Inventiva". 5 March 2022. Retrieved 25 March 2022.
  7. 1 2 "Pix Transmissions Limited: Pix Transmissions Limited sells hydraulic hose business to UK firm | Nagpur News - Times of India". The Times of India . 17 July 2012. Retrieved 9 March 2022.
  8. 1 2 "CRiSil Research" (PDF). www.bseindia.com.
  9. 1 2 3 4 "Amarpal Sethi, Chairman and Managing Director, Pix Transmission Ltd". www.indiainfoline.com. Retrieved 9 March 2022.
  10. "PIX steps up presence in automotive segment with 'PIX Force' range of belts – Motorindia". Motorindia. 23 January 2021. Retrieved 25 March 2022.
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