Presstonic Engineering Ltd - Stock Valuation and Financial Performance

Presstonic Engineering Limited was originally formed as a Partnership Firm under the name and style off ‘Presston Engineering Corporation’ pursuant to a Deed of Partnership dated June 03, 1996. M/s Presston Engineering Corporation was thereafter converted into a Private Limited Company in the name of ‘Presstonic Engineering Private Limited’ on March 23, 2021 under the provision of the Companies Act, 2013 issued by Registrar of Companies, Central Registration Centre. Subsequently, the company was converted into Public Limited Company under the Companies Act, 2013 and the name of the Company was changed to ‘Presstonic Engineering Limited’ vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated July 31, 2023 issued by Registrar of Companies - Bangalore.

The company manufactures Metro Rail Rolling Stock Products, Metro Rail Signalling Products, Infrastructure Products and supplies to renowned Global and Domestic OEM’s engaged in the Rail and Metro Rail Rolling stock and Signalling equipments manufacturing and servicing companies. The company has started its manufacturing operations in the year 2011 in Metro Rail Segment with its manufacturing plant set up in Pillappa Industrial Layout and since then it has consistently grown its presence, enhanced the scope of services, and increased its capabilities and expertise. The company is promoted by Herga Poornachandra Kedilaya and Yermal Giridhar Rao who have been instrumental in the growth of the company and has collective experience of more than 50 years in the said industry. Driven by the passion for building an integrated company for metro and railway sector, backed by their experience have been the pillars of the company’s growth and have built a strong value system for the company.

The company has offered cost effective and customized solutions in accordance with the standardized quality requirements of the company’s customers who work in various sectors such as railway and the infrastructure sectors. The company manufactures products which are compliant with the stringent quality requirements prescribed by its customers. Further, its business model provides customised solutions to customers and also manufacture innovate solution-oriented products. Its R&D Division is equipped with the necessary facilities to carry out all necessary trials to develop and devise products suitable to the different types of its customers or for catering to the infrastructure needs of its customers. Its team of experts employed in the R&D Division carries out various tests in its in-house R&D laboratory to innovate additional applications and solutions for its products and to manufacture customizable products for its customers which are also compliant with the customer quality requirements and regulatory standards. Its R&D Division is located in its manufacturing unit with the objective to implement a performance-oriented approach with the help of technologies developed in-house. With R&D Division in place, the company ensures that the needs and demands of its customers suitable to their final products are effectively met.

Business area of the company

The company manufactures Metro Rail Rolling Stock Products, Metro Rail Signalling Products, Infrastructure Products and supplies to renowned Global and Domestic OEM’s engaged in the Rail and Metro Rail Rolling stock and Signalling equipments manufacturing and servicing companies. 

Products of the company 

Rolling stock interior products

• Stainless steel saloon bucket type seat
• Stainless steel saloon plain type seat
• Stainless steel saloon flip-up seat
• Custom coloured engineered handles
• Stainless steel grab pole system
• Colour coated handrail system export
• Emergency evacuation ramp
• Passage door

Rolling stock non-interior products

• Aluminium cable management systems
• Stainless steel cab handrail
• Valve box

Signalling products

• Ladder assembly with DCS mast platform
• Sensor box
• Air ducts
• Slotted channels

Infrastructure products 

• Medical box

History and milestones

• 1996: Business started in the name ‘Presston Engineering Corporation’ as Partnership Firm.
• 2011: Entered into Metro Railway Segment.
• 2016: EN 15085-2 CERTIFICATION Obtained - Welding of Railway Vehicles and Components.
• 2019: Special Appreciation Award for ‘Innovating in Seating Solutions’ by Rail Analysis Team for a new innovation in Seats or Seating Solutions utilized in rail and metro sector.
• 2021: Company incorporated as a Private Limited Company in the name of ‘Presstonic Engineering Private Limited’.
• 2022: ISO 9001: 2015 CERTIFICATE OF REGISTRATION for Fabrication of Sheet Metal, Extruded, Machined Components, and Assemblies.
• 2023: Filed for registration of 3 products under the provision of the Designs Act, 2000 and the Designs Rules, 2001 for the Design Patent Right for the product called ‘Retractable Ramp Assembly’, ‘Stainless Steel Saloon Bucket Type Seat and Frame Assembly’ and ‘Stainless Steel Flip-up Seat Assembly’. Out of three, the design for Retractable Ramp Assembly has been approved and registered in its name and approval for remaining two is pending for approval.
• 2023: Company converted from Private Limited Company to Public Limited Company i.e. ‘Presstonic Engineering Limited’.