IRP PARAMETERS FOR COMPARATIVE ANALYSIS OF

COMPANIES OF AN INDUSTRY
Parameters Company1
Name of the enterprise GMM Pfaudler
th
Year of Establishment 17 November, 1962
No. of. Present Employees Over 1500 Employees
Mr. Tarak Patel has been the Managing Director since
June, 2015 and has been an Executive Director of our
Company since 2007. He has also served as Vice
President - Sales and Manager - Corporate
Development in our Company. Prior to joining our
Company, Mr. Patel worked with Universal Consulting,
a leading Strategy Management Consulting & Growth
A brief profile of CEO/CMD
Strategy Consulting Company based in Mumbai, India.

Mr. Patel has a BA in Economics from the University of

Rochester, USA and an MBA degree jointly conferred
by Columbia Business School, London Business School
and University of Hong Kong (HKU) Business School.

Total Share Capital 2.9 Crores

Foreign Promoters (Pfaudler Inc.) - 7,372,475 (50.44%)

Indian Promoters Group - 3,590,650 (24.56%)

NRI/OCB - 672,760 (4.60%)

Financial Institution, Nationalized Bank, Insurance

Companies, Mutual Funds, FPI’s - 349,852 (2.39%)
Present Share holding pattern
Domestic Companies, Clearing Members, Trusts,
NBFC’s - 47,569 (0.33%)

IEPF - 48,426 (0.33%)

Individuals - 2,535,768 (17.35%)

640.81 Crores
Total Sales Turn Over including Export value

Board of Directors/Management Profile Dr. S. Sivaram - Chairman & Independent Director

Mr. Tarak Patel - Managing director
Mr. Ashok Patel - Director
Mr. Ashok Pillai – Chief Operating Officer
 Mr. Manish Poddar – Chief Financial Officer
Major Competitors are:
Action Construction Equipment Ltd.
Hindustan Aeronautics
Major Competitors in major business Thermax
Bharat Dynamics
Praj Industries

Company has delivered good profit growth of 29.74%

Annual Growth rate last 5 years CAGR over last 5 years

No of Subsidiaries 16

Company Headquarters Vithal Udyognagar, Anand- Sojitra Road, Karamsad -

388 325, Gujarat
With a market share of more than 50% in Glass Lined
Market Share in each product line
equipment, GMM Pfaudler is the market leader in India.
[during last three years]

Mergers and Acquisitions, Joint Ventures &

GMM Pfaudler acquired Pfaudler International (PFI)
Strategic Alliances/Tie Ups.
Diversification and other businesses None
The nature of business is heavy engineering with main
business of manufacturing glass-lined reactors as well
Nature of business & main business & other
as non-glass-lined equipment for pharmaceutical and
businesses
chemical companies.

The company is a manufacturer and dealer of various types

of structural steel works, industrial machinery and glass
lined chemical vessels. GMM also manufactures wiped film
evaporators, agitated nutche filters, mixing systems and
polytetrafluoroethylene (PTFE)–lined equipment

Product Portfolio:

1. Glass Lined Equipment

Product profile
2. Filtration and Drying Equipment

3. Mixing Systems

4. Engineered Systems

5. Heavy Engineering

No. of Patents/ Trade Marks/ Copy Rights

Market capitalization Rs 6,788.66 Crores
(In case of public company) in India or abroad
 Many awards including:
1- Most promising company of the year- 2019
2- Golden peacock award for excellence in corporate
Number of awards &Recognitions
governance
3- CSR excellence award for extraordinary
contribution towards CSR
Market capitalization (In case of listed public
company) Last Three years.
Launched Its New Brand Of Mixing Systems – Mixion
Latest Launch of Products [2017-19]

CSR [Corporate Social Responsibility] 1. Contribution to fight COVID 19 - GMM Pfaudler

Initiatives/Philanthropy. provided financial assistance to Charutar Arogya
Mandal’s Shree Krishna Hospital, Karamsad and
Gujarat for setting up 20 ICU Beds, 9 Non-invasive
Ventilators and an equal number of High Flow
Oxygen Therapy under its Corporate Social
Responsibility initiatives.

2. Project SPARSH - Project SPARSH (Shree

Krishna Hospital Programme for Advancement of
Rural and Social Health), implemented by Charutar
Arogya Mandal in Anand, Kheda and Panchmahal
districts, aims at connecting the last person in
villages to appropriate levels of healthcare through
trained Village Health Workers (VHWs) in their
own villages, health centres in towns/ villages close
by and a tertiary care centre for critical cases. GMM
Pfaudler funds the activities of the programme in
100 of the 150 villages covered by it. In terms of
the population covered, while the entire programme
covers a population of 4.5 lakhs, the villages funded
by GMM Pfaudler have a population of
approximately 3 lakhs.

3. Education & Skill Development - GMM Pfaudler

has partnered with JV Patel Industrial Training
Institute (“JVP ITI”) to promote education and skill
development in the local community. JVP ITI a
well-equipped institute with qualified and
experienced instructors offers eight trades certified
by the National Council for Vocational Training
and two trades certified by the Technical Education
Board. Currently, JVP ITI has about 300 students
on its rolls who are from the surrounding villages.

4. Restoring marine coral reefs in the Andaman

Islands with Reef Watch Marine Conservation-
 GMM Pfaudler has partnered with Reef Watch
Marine Conservation in the Reef Generate project
that aims to pilot the restoration and rehabilitation
of corals in the in the Andaman Islands.

Total size of balance sheet of the years 2021, 2020 and

Total Size of Balance Sheets of 3 years
2019 is 843.71Crores (667.67 + 430.96 + 345.08)

Corporate Governance Issues at

company
Global Ranking/Country Ranking [Such as 473th rank in Fortune 500 companies of 2021
Fortune List/Forbes List]
25/05/2017 - GMM Pfaudler Ltd V/S C.C.E & CUS.,
Vadodara.
Customs Excise Service Tax Appellate Tribunal West Zonal
Bench At Ahmedabad
Litigations, if any.
30/08/2010 - GMM Pfaudler Ltd V/S TATA AIG
Insurance Company Ltd & Others.
High Court of Judicature at Bombay