History of GMM Pfaudler Limited (GMMPL)

_x000D_ 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._x000D_ _x000D_ 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._x000D_ _x000D_ 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._x000D_ _x000D_ 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._x000D_ _x000D_ 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._x000D_ _x000D_ 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._x000D_

Business Segments of GMM Pfaudler Limited 

_x000D_ The 3 major business segments of the company are as follows:_x000D_

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• 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.
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• 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.
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• Services: In this segment, the company offers parts and maintenance services for their technologies.
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_x000D_ As of March 31, 2023, a few subsidiaries of GMM Pfaudler Limited are as follows:_x000D_

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• 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.
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• Pfaudler Limited (UK): This wholly-owned subsidiary runs the operations of the company in the UK.
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• Pfaudler GmbH: This wholly-owned subsidiary runs the company's operations in Germany.
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Key Personalities of GMM Pfaudler Limited

_x000D_ Tarak Patel, Managing Director_x000D_ _x000D_ 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._x000D_

Corporate Actions of GMM Pfaudler Limited

_x000D_ In 2022, the company announced bonus shares of a 2:1 ratio with a record date of July 12, 2022.