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About GMM Pfaudler
History of GMM Pfaudler Limited (GMMPL)
Incorporated in 1962, GMM Pfaudler Limited (GMMPL) is involved in the manufacturing of corrosion-resistant glass-lined equipment. The company is one of the leading suppliers of process equipment to the chemical and pharmaceutical industries. GMM Pfaudler Limited’s journey began in 1884 as Glasteel, which German brewmaster Casper Pfaudler invented. Later, Glasteel was required and became important in various industries due to its corrosion resistance properties. In 1962, GMM Pfaudler Limited was initially established as a private entity as Gujarat Machinery Manufacturers. Later, the company transformed into a public company in 1963 and was listed on BSE and NSE. The company started evolving and was engaged in the manufacturing and trading of various structural steelworks, industrial machinery, and glass-lined chemical vessels. In 1973, Pfaudler manufactured the chemical industry’s first Glasteel reactor with a half-pipe jacket. In 1987, Pfaudler Inc., USA, became a 40% equity subscriber, establishing a joint venture. Subsequently, in 1999, Pfaudler Inc. increased its stake to 51%, and the company's name was changed to GMM Pfaudler Limited. In 2003, the company invented C-Baffle, which was followed by another invention, Anti Static Glass (ASG) in 2004 and the Multi Baffling system for glass-lined reactors in 2005. In 2009, they invented the Abrasion Resistant Glass (ARG) and in 2011, they developed the manufacturing capabilities for Eldon in Suzhou, China. In 2014, Pfaudler invented the CryCo-Lock connection, a conductive glass-to-glass connection for fully glassed mixing systems integrity control. In 2021, the company marked a significant milestone as GMM Pfaudler successfully concluded the acquisition of a majority stake in the global business of the Pfaudler Group. As of March 2023, GMM Pfaudler Limited has 16 manufacturing units across 4 continents and 100 countries in the world, including the USA< Switzerland, Brazil, Italy, France, China, and more. They serve various industries, including Chemical, Pharmaceutical, Food and Beverage and Oil and Gas.Business Segments of GMM Pfaudler Limited
The 3 major business segments of the company are as follows:- Technologies: Under this segment, the company designs and manufactures the technologies needed to create chemicals. The solutions offered by the company include glass-lined technology, lab and process glass, filtration and drying solutions, mixing technology, sealing technology, alloy process equipment, fluoropolymers, and machined PTFE, along with engineered plastics.
- Systems: Under this, the company designs process systems with technologies to meet the complicated needs of evaporation, reaction, drying, distillation, absorption, acid recovery and filtration processes.
- Services: In this segment, the company offers parts and maintenance services for their technologies.
- GMM International S.a.r.l.: This wholly-owned subsidiary of the company is involved in the manufacturing and supplying of engineered equipment and systems.
- Pfaudler Limited (UK): This wholly-owned subsidiary runs the operations of the company in the UK.
- Pfaudler GmbH: This wholly-owned subsidiary runs the company's operations in Germany.
Key Personalities of GMM Pfaudler Limited
Tarak Patel, Managing Director Tarak Patel has been the Managing Director of GMM Pfaudler Limited since June 2015. Previously, he was the company’s Executive Director since 2007. He was also Vice President of Sales and the Manager of Corporate Development. Before joining the company, he worked at Universal Consulting.Corporate Actions of GMM Pfaudler Limited
In 2022, the company announced bonus shares of a 2:1 ratio with a record date of July 12, 2022.Parent Organisation
MNC Associate
Managing Director
P K Apte
Founded
1962
NSE Symbol
GMMPFAUDLR
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10th July, 2024
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Gmm Pfaudler Ltd FAQs
What is the share price of Gmm Pfaudler Ltd (GMMPFAUDLR) shares?
Gmm Pfaudler Ltd (GMMPFAUDLR) share price as of October 8, 2024, on NSE is Rs 1399.7 (NSE) and Rs 1399.7 (BSE) on BSE.
Can I buy Gmm Pfaudler Ltd (GMMPFAUDLR) from Angel One?
Yes, You can buy Gmm Pfaudler Ltd (GMMPFAUDLR) shares by opening a Demat account with Angel One.
How do I buy Gmm Pfaudler Ltd (GMMPFAUDLR) from Angel One?
Gmm Pfaudler Ltd (GMMPFAUDLR) share can be bought through the following modes:
1. Direct investment: You can buy Gmm Pfaudler Ltd (GMMPFAUDLR) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Gmm Pfaudler Ltd (GMMPFAUDLR) shares.
1. Direct investment: You can buy Gmm Pfaudler Ltd (GMMPFAUDLR) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Gmm Pfaudler Ltd (GMMPFAUDLR) shares.
What is the main business of GMM Pfaudler?
The main business of GMM Pfaudler is to design, produce, and install complete chemical process systems and corrosion-resistant equipments for its customers in pharmaceuticals and chemicals industry along with meeting their servicing requirements.
Who are the promoters of GMM Pfaudler?
The main promoters of GMM Pfaudler are Pfaudler Inc, Millars Machinery Company Pvt Ltd., Urmi Ashok Patel, Uttarak Enterprises Pvt Ltd., Millars Concrete Technologies Private Limited, A J Patel Charitable Trust, Tarak Ashok Patel, Uttara A Patel, Panna Shailendra Patel, Pragna Satish Patel, Ashok Jethabhai Patel, and Palomita Shailendra Patel.
What are the Subsidiaries that comes under GMM Pfaudler?
The main subsidiaries that come under GMM Pfaudler are GMM Pfaudler Foundation, GMM International S.à.r.l., Mavag AG, Pfaudler Normag Systems GmbH, Pfaudler GmbH, Pfaudler interseal GmbH, Pfaudler S.r.l., Pfaudler Service BeNeLux B.V., Pfaudler (Chang Zhou) Process Equipment Company Limted, Pfaudler Limited, and Pfaudler S.A. de C.V.
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