GMM Pfaudler
| Company type | Public |
|---|---|
| Industry | Chemical equipment manufacturing |
| Founded | 1962 |
| Founder | Jethabhai V. Patel |
| Headquarters | , India |
Area served | India |
Key people | Tarak Patel (MD)[1] |
| Revenue |  ₹3,446 crore (US$410 million) (FY24)[2] |
| ₹477 crore (US$57 million) (FY24)[2] | |
 ₹174 crore (US$21 million) (FY24)[2] | |
Number of employees | 1,800 (2021)[3] |
| Website | www |
GMM Pfaudler Ltd. is an Indian multinational manufacturer of engineering equipment and glass-lined equipment, headquartered in Karamsad, Gujarat.[4][5] GMM Pfaudler is publicly listed on the National Stock Exchange and Bombay Stock Exchange.[6]
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.[7] GMM Pfaudler purchased a controlling share in the Pfaudler Group from the private equity firm Deutsche Beteiligungs AG Fund VI in February 2021.[8][9][10]
In 1994, the business began producing corrosion-resistant fluoropolymer products in technological cooperation with Eldon Products US and RosenmundAG, Switzerland for filter dryers.[11]
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.[12]
Through an online auction process, the business purchased HDO Technologies' assets in 2021 for Rs 584.6 million.[13][1]
In April 2021, The company partnered with ReefWatch Marine Conservation which is a non-profit organisation.[14]
In 2022, GMM Pfaudler purchased majority stake from its parent Pfaudler International.[15]
In July 2022, Italian Engineering company "Hydro Air Research Italia Srl" acquired by GMM Pfaudler for Euro 4.96 million.[16] The company also acquired Mixel France SAS in Dec 2022 for Euro 7 million.[17][18]
In September 2023, GMM Pfaudler acquired Canada based MixPro.[19] 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.[20]
References[edit]
- ^ a b c "GMM Pfaudler MD Tarak Patel on Company's Outlook". Bloomberg L.P. 15 November 2021.
- ^ a b c "Earnings Presentation - Q4 FY24" (PDF). BSE. GMM Pfaudler. Retrieved 6 June 2024.
- ^ "Intimation of Q1 - FY22 Earnings Conference Call of GMM Pfaudler Limited" (PDF). NSE India.
- ^ "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.
- ^ "GMM Pfaudler receives reaffirmation in ratings for bank loan facilities". Business Standard India. 2021-04-28.
- ^ "GMM Pfaudler Ltd". Business Standard India.
- ^ "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.
- ^ "GMM Pfaudler acquires 54% stake in parent firm for around $27.4 million". Business Standard India. 2020-08-20.
- ^ "Bottomline: Could GMM Pfaudler's acquisition of its parent have been simpler?". cnbctv18.com.
- ^ "GMM Pfaudler - Defining the standard". Pfaudler.
- ^ "GMM Pfaudler: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of GMM Pfaudler - NDTVProfit.com". www.ndtv.com.
- ^ Bharadwaj, Swati. "GMM Pfaudler to acquire De Dietrich's facility in Hyderabad for 6.25 milion euros - Times of India". The Times of India.
- ^ "GMM Pfaudler soars 8% as co buys HDO Tech assets in e-auction". The Economic Times.
- ^ "GMM Pfaudler's Re(ef) Generate CSR project is rebuilding marine coral reefs in the Andamans". The CSR Journal. 27 April 2021.
- ^ "GMM Pfaudler announces majority stake in Pfaudler International - ET BrandEquity". ETBrandEquity.com.
- ^ Bureau, BL Ahmedabad (29 July 2022). "GMM Pfaudler acquires Italian engineering player for Euro 4.96 million". Business Line.
- ^ "GMM Pfaudler inks agreement to acquire Mixel France SAS". India Infoline.
- ^ "Agitation : GMM Pfaudler s'empare de Mixel" (in French). L'Usine nouvelle. 31 January 2023.
- ^ Mishra, Arushi (15 September 2023). "GMM Pfaudler acquires MixPro, shares up over 4%". BusinessLine.
- ^ "Patel family buy an extra 1% stake in GMM Pfaudler from Pfaudler Inc". Bru Times News.
