Precision Metaliks  was incorporated in the year 2012. The company was initially engaged in the business of trading of the metals prior to FY 2018-19. After that, the company commenced manufacturing activity from FY 2019-20 in the SEZ Unit. Its SEZ Unit is situated at Visakhapatnam Special Economic Zone, Duvvada, Visakhapatnam, Andhra Pradesh. Under this unit, the company carries out the manufacturing activities / process on Semi-finished Wheels by rendering value added services such as cleaning, washing, buffing, polishing, testing and packing.

The company converts semifinished / raw wheels to finished wheels by carrying its value added services such as Polishing, Buffing, Testing and Packing for its major client, Synergies Castings, Visakhapatnam. The company is also planning to offer these services to the USA market through Silver MetalX INC, USA by way of supplying finished Alloy Wheels with accessories to cater to the aftermarket. It also provide high-end design engineering services, analysis, product development, prototyping, tooling design and various other services such as flow forming, skin cut services etc.

Major Products / services

• Value added services on alloy wheels.
• Automated cleaning of Aluminium chips + briquetting into Ingots.
• Robotic polishing of alloy wheels.
• Other Engineering Services.
  

Business area of the company

The company is engaged in trading and manufacturing Aluminium Alloy Wheels and finishing Alloy wheels i.e. cleaning, washing, buffing, polishing, testing, and packing.

Major Events and Milestones

• 2012: Incorporated under Companies Act, 1956 as “Precision Metaliks Limited”.
• 2018: Established SEZ Unit.
• 2019: Commencement of manufacturing activities.
• 2019: Executed 1st Export Order.
• 2021: Conversion of Company to Limited Company for IPO.