Punjab tractors

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Corporate details:

Punjab Tractors, incorporated in 1970, is the third largest player in the tractor segment. It is the flagship company of Swaraj Enterprise and can produce 50,000 tractors at its two plants near Chandigarh. Currently, PTL has 4 operating divisions with 443 dealer network and 281 ancillary base. The company exports the much in demand 'Swaraj 855' tractors to the US.

Activities:

  • Product Lines of Punjab Tractors-
  • Tractors-9 Models, Widest Range
  • Harvester Combines
  • Automotive Castings
  • Engineering Exports
  • Light Commercial Trucks
  • Mini Buses & Ambulances
  • Diesel Engines
  • Automotive Seatings & Components
Swaraj is an established brand name in Punjab, Haryana, eastern Uttar Pradesh and Himachal Pradesh. Punjab Tractors manufactures tractors across six horse power (HP) ranges of 25-50. PTL recently entered the high HP tractors. Punjab Tractors Limited introduced 'Swaraj 744' in the 40-50 HP range. However, with the saturation of the markets in the North and the resultant flat growth rates prompted Punjab Tractors to venture in the South. The total dealership of the company has gone up to 326 from 260 three years ago, with the coming of new dealers from Andra Pradesh, Tamil Nadu and Maharashtra.

Performance:

During the financial year 2005-06, Punjab Tractors recorded a growth of 12% in operating revenues, from Rs.855 crore to Rs.958 crore. There was also a 12% growth in profit before tax, from Rs.97 crore to Rs.109 crore. Punjab Tractors also earned Rs.61 crore from sale of part of its shareholding in Swaraj Mazda to Sumitomo Corporation, the total profit before tax for the year being Rs.170 crore. In 2005-06 PTL recorded a growth of 3.5 % in volume and a 12% market share in the largest selling horse-power tractor-segment. The export of its products during this period increased to Rs.50 crore from Rs.41 crore recorded last year. There was a faster growth in the sale of harvester combines and forklifts during the year.

Organization:

P.Sivaram is the Chief Operating Officer & whole time Director of Punjab Tractors and P.D. Narang is the Chairman.

Registered office:

Punjab Tractors Ltd,
Phase IV, Industrial Area,
S.A.S. Nagar (Mohali), Punjab

Corporate office:

S.C.O. 204-205, Sector 34-A
Chandigarh. 160022
phone:+(91)-(172)-2647700 to 10
Fax:+(91)-(172)-2615111
Website: www.swarajenterprise.com