GMM Pfaudler Ltd

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GMM. Pfaudler Ltd.
Company typePublic Ltd. Co.
NSE: GMMPFAUDLR, BSE: 505255
IndustryChemical equipment manufacturing
Founded1962
FounderJethabhai V. Patel
Headquarters
Karamsad, Gujarat
,
India
Area served
India
Key people
Tarak Patel (Managing Director),[1]
RevenueIncrease ₹1,199 crore (US$150 million) (H1 2022))[1][2]
Number of employees
1800[3]
Websitewww.gmmpfaudler.com

GMM Pfaudler Ltd. is an Indian manufacture of engineering equipment and glass-lined equipment headquartered in Karamsad, Gujarat.[4][5]

GMM Pfaudler is a public listed company at National Stock Exchange (NSE: GMMPFAUDLR) and Bombay Stock Exchange (BSE: 505255).[6][7]

History[edit]

Gujarat Machinery Manufacturers Ltd (GMML) was founded in 1962 by Jethabhai V. Patel. With a 40% ownership position in Pfaudler, an American corporation, GMML engaged into a technological and financial partnership with them in 1988.[1] And company name changed from GMML to GMM Pfaudler.[8] GMM Pfaudler purchased a controlling share in the Pfaudler Group from the private equity firm Deutsche Beteiligungs AG Fund VI in February 2021.[9][10][11]

In 1994, the business began producing corrosion-resistant fluoropolymer products in technological cooperation with Eldon Products US and RosenmundAG, Switzerland for filter dryers.[12]

2020 saw the acquisition of the Telangana-based Glass Lined Equipment manufacturing facility from De Dietrich Process Systems India Pvt. Ltd. (DDPSI) by GMM Pfaudler.[13]

Through an online auction process, the business purchased HDO Technologies' assets in 2021 for Rs 584.6 million.[14][1]

In April 2021, The company partnered with ReefWatch Marine Conservation which is a non-profit organisation.[15]

In 2022, GMM Pfaudler purchased majority stake from its parent Pfaudler International.[16]

In July 2022, Italian Engineering company "Hydro Air Research Italia Srl" acquired by GMM Pfaudler for Euro 4.96 million.[17] The company also acquired Mixel France SAS in Dec 2022 for Euro 7 million.[18][19]

In September 2023, GMM Pfaudler acquired Canada based MixPro.[20] In December 2023, Patel family acquired additional 1% stake in GMM Pfaudler at ₹1,700 per share and became 25.18% holder of entire shares.[21]

References[edit]

  1. ^ a b c d "GMM Pfaudler MD Tarak Patel on Company's Outlook". Bloomberg L.P. 15 November 2021.
  2. ^ "GMM Pfaudler Consolidated September 2021 Net Sales At Rs 647.24 Crore, Up 247.5% Y-o-Y". Moneycontrol.
  3. ^ "Intimation of Q1 - FY22 Earnings Conference Call of GMM Pfaudler Limited" (PDF). NSE India.
  4. ^ "GMM Pfaudler share price live today - Why GMM Pfaudler share price is up by 0.36% today? GMM Pfaudler share price analysis | ETMarkets". The Economic Times.
  5. ^ "GMM Pfaudler receives reaffirmation in ratings for bank loan facilities". Business Standard India. 2021-04-28.
  6. ^ "GMM Pfaudler Ltd". Business Standard India.
  7. ^ "GMM Pfaudler Share Price, GMM Pfaudler Stock Price, GMM Pfaudler Ltd. Stock Price, Share Price, Live BSE/NSE, GMM Pfaudler Ltd. Bids Offers. Buy/Sell GMM Pfaudler Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes". www.moneycontrol.com.
  8. ^ "GMM Pfaudler Ltd Stock Price - (4911.05), GMM Pfaudler Ltd Share Price Live Today, GMM Pfaudler LtdStock Live BSE/NSE Share Price". www.financialexpress.com.
  9. ^ "GMM Pfaudler acquires 54% stake in parent firm for around $27.4 million". Business Standard India. 2020-08-20.
  10. ^ "Bottomline: Could GMM Pfaudler's acquisition of its parent have been simpler?". cnbctv18.com.
  11. ^ "GMM Pfaudler - Defining the standard". Pfaudler.
  12. ^ "GMM Pfaudler: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of GMM Pfaudler - NDTVProfit.com". www.ndtv.com.
  13. ^ Bharadwaj, Swati. "GMM Pfaudler to acquire De Dietrich's facility in Hyderabad for 6.25 milion euros - Times of India". The Times of India.
  14. ^ "GMM Pfaudler soars 8% as co buys HDO Tech assets in e-auction". The Economic Times.
  15. ^ "GMM Pfaudler's Re(ef) Generate CSR project is rebuilding marine coral reefs in the Andamans". The CSR Journal. 27 April 2021.
  16. ^ "GMM Pfaudler announces majority stake in Pfaudler International - ET BrandEquity". ETBrandEquity.com.
  17. ^ Bureau, BL Ahmedabad (29 July 2022). "GMM Pfaudler acquires Italian engineering player for Euro 4.96 million". Business Line.
  18. ^ "GMM Pfaudler inks agreement to acquire Mixel France SAS". India Infoline.
  19. ^ "Agitation : GMM Pfaudler s'empare de Mixel" (in French). L'Usine nouvelle. 31 January 2023.
  20. ^ Mishra, Arushi (15 September 2023). "GMM Pfaudler acquires MixPro, shares up over 4%". BusinessLine.
  21. ^ "Patel family buy an extra 1% stake in GMM Pfaudler from Pfaudler Inc". Bru Times News.

External links[edit]

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