- CEO
- Devarapalli Ramesh Babu
- Full Time Employees
- 16
- Sector
- Non-energy minerals
- Industry
- Aluminum
- Address
- # 9-19-43, Suryadev Apartments Visakhapatnam AP India 530003
- IPO Date
- Feb 2, 2022
- Business
- Precision Metaliks Limited (PRECISION.NS) is an India-based company engaged in the processing of semi-finished alloy wheels through value-added services and engineering solutions. The company converts raw cast alloy wheels into finished products via cleaning, polishing, buffing, plating, testing, and packing; its core offerings include chrome plated alloy wheels, polished or coated alloy wheels, engineering services such as concept design, product development, tooling, prototyping, flow foaming, and skin-cut services, as well as plastic and aluminum moldings. Incorporated in 2012 and headquartered in Hyderabad, Telangana, with a registered office at Ameerpet, a corporate office and SEZ manufacturing unit in Visakhapatnam, Andhra Pradesh, it primarily serves the automotive sector, sourcing aluminum ingots locally and from regions including Russia and Europe, while targeting both domestic and export markets such as the USA aftermarket. Originally focused on metal trading, Precision Metaliks transitioned to manufacturing in fiscal 2019-20 and completed a public issue in January 2022 raising Rs 21.93 crore; more recently, it reported revised disclosure on the resignation of Independent Director Percy Italia effective September 27, 2024, due to pre-occupation, alongside routine SEBI compliance filings in 2025 confirming no material non-compliances. The company operates from its Special Economic Zone facility in Visakhapatnam, employs 16 staff, and maintains promoter holding at 41.5%, with recent financials showing revenue of Rs 127 crore and profit of Rs 0.79 crore for fiscal 2025.