Popular Vehicles & Services Ltd

(PVSL)

Popular Vehicles Services Limited was originally incorporated as Popular Vehicles and Services Limited on July 5 1983 at Kochi Kerala as a Public Limited Company. The Company converted to a Private Limited Company pursuant to a special resolution of Shareholders at the Extraordinary General Meeting EGM held on December 29 2014 and the name changed to Popular Vehicles and Services Private Limited vide a fresh Certificate of Incorporation issued on March 24 2015 by the RoC Kerala at Ernakulam. Thereafter the Company was subsequently got converted into a Public Limited and its name was changed to Popular Vehicles and Services Limited vide Certificate of incorporation consequent upon conversion issued on July 10 2018 by the RoC. The Company is engaged in the business of sale and service of automobiles spare parts and accessories finance and insurance products. Headquartered in Kochi India the Company has operations in Kerala and Tamil Nadu. It is a leading diversified automotive dealership in India in terms of revenue with a presence across the automotive retail value chain. It operate passenger vehicle dealerships of Maruti Suzuki India Limited Honda Cars India Limited and Jaguar Land Rover India Limited and the commercial vehicle dealership of Tata Motors Limited. It classified business into four key segments namely passenger cars luxury vehicles and commercial vehicles. In 1984 Company started automobile dealership business and established their first Maruti Suzuki showroom in Trivandrum Kerala the Popular Motors dealership in Chennai Tamil Nadu for Maruti Suzuki passenger vehicles in 2002 and later on in 2015 the business in spare parts distribution. In 2016 the dealership with Bharat Benz for cars manufactured under the brand Bharat Benz was operational by Subsidiary Kuttukaran Cars Private Limited KCPL formerly known as Prabal Motors Private Limited which got demerged into Prabal Motors Private Limited pursuant to a Scheme of Arrangement made by the High Court of Judicature at Ernakulam dated March 31 2016. The Appointed date for the Scheme was April 1 2016. Pursuant to this Scheme all the business undertakings of KCPL in relation to the dealership with Bharat Benz were transferred to and vested in Prabal Motors.As of March 31 2021 Company operated through a network of 59 showrooms 99 sales outlets and booking offices 83 authorised service centres 29 retail outlets and 25 warehouses in Kerala Chennai and Tamil Nadu. The JLR dealership through luxury segment was functional under Marqland brand through 3 showrooms and 3 service centres in Karnataka in March 2021. The Company thereafter got into the business of electric vehicle in 2021. The Company is planning to come out with an initial public offer by raising capital of Rs 150 crore Equity Shares through fresh issue and issuing 4266666 Equity Shares through Offer for Sale..

Share Price: ₹158.34 per share as on 22 Nov, 2024 04:01 PM
Market Capitalisation: ₹1,093.82Cr as of today
Revenue: ₹1,512.75Cr as on September 2024 (Q3 24)
Net Profit: ₹7.57Cr as on September 2024 (Q3 24)
Listing date: 19 Mar, 2024
Chairperson Name: JACOB KURIAN