Ameya Precision Engineers Ltd - Stock Valuation and Financial Performance

The company was incorporated as Private Limited Company under the name “Ameya Precision Engineers Private Limited” under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 06, 2012 issued by Registrar of Companies, Pune, Maharashtra. Subsequently, the Company was converted into a public limited company to approval of the shareholders at an extraordinary general meeting held on January 19, 2022 and consequently, the name of the Company was changed to Ameya Precision Engineers Limited and a Fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company was issued by the Registrar of Companies, Pune, Maharashtra on January 25, 2022.

Ameya Precision Engineers is engaged in manufacturing of high-end precision components (shafts, and other trim components) for the general engineering industry, but in particular valve and pump manufacturing. It also offers specialised processes like hard-facing and overlay of wear and corrosion-resistant alloys in line with ASME procedures. It offers an end-to-end solution from procurement of raw material to final despatch of hard-facing and overlay components. All the company’s hard-facing and overlay is done to ASME IX qualifications, an international stipulation for doing this kind of work in the high-pressure valve and pump industry (high pressure here is different from low pressure valve and pump side, which does not always need hard-facing and overlay). Its major customers are valve and pump manufacturers. Though currently, its customer base in these sectors, the set-up of machinery is flexible to can cater to any engineering industry that needs high precision components.

The company has a manufacturing facility situated at Pune Satara Road, Village Kasurdi (KB), Village Kasurdi (KB), Bhor, Pune, Maharashtra, India. The unit exports to the United States of America, United Kingdom, Germany, Singapore, Slovenija, Austria, and Brazil. The company has purchased the said business vide Slump Sale agreement dated April 01, 2013. The seller, Ameya Engineers, has been carrying on the business of manufacturing of engineering, valve components and shafts and thereby exporting the same. Whereas, the company has purchased the entire running business as going concern, it was essentially a partnership with the same ownership being converted to a private limited company. Its manufacturing facility is well equipped with the required facilities including machinery, other handling equipment’s to facilitate smooth manufacturing process and easy logistics. It endeavours to maintain safety in its premises by adhering to key safety norms, established through its internal health and safety manual, accompanied by regular safety meetings.

Business area of the company

Established in 1987, Ameya Precision Engineers is a Engineering component manufacturer, supplying high quality, cost effective products to a range of leading local and international valve and pump manufacturers.

Key Events

• 2012: Incorporation of the Company as Ameya Precision Engineers Private Limited.
  
• 2012: Purchased Business of Ameya Engineers via Slump Sales.
  
• 2019: ISO 9001:2015 in accordance with TUV Nord.
  
• 2020: Membership in Mahratta Chamber of Commerce, Industries and Agriculture, Pune.
  
• 2021: One Star Export House.
  
• 2022: Conversion of the Company from Private limited company to public limited company.