About PIX Transmissions Limited

PIX Transmissions Limited is an Indian manufacturer of Belts and related mechanical power transmission products, operating through the parent company and its overseas subsidiaries as a consolidated group. Incorporated in 1981, the company became a Public Limited Company on September 27, 1989, completed its initial public offering on December 4, 1989, and its shares are listed on BSE Limited and the National Stock Exchange of India Limited. The company’s product portfolio includes Industrial Belts, Agricultural Belts, Automotive Belts, Lawn Mower Belts, Pulleys & Bushes, and Accessory Kits. These products are supported by internationally recognised quality certifications, namely ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and IATF 16949:2016.

PIX serves customers across industrial, agricultural, automotive, and allied sectors both in India and globally, with exports contributing more than 50% of total turnover. The Group has established trading subsidiaries in the UK, Germany, and the Middle East. In total, four subsidiaries (including step-down subsidiaries) form part of its consolidated operations. The company’s long-standing public listing and global footprint underscore its position as a leading manufacturer of power transmission solutions. The latest consolidated financial statements were approved by the Board on May 23, 2025, reflecting its commitment to governance, compliance, and transparency.

Key Milestones of PIX Transmissions Limited

Key milestones in the company’s journey include:

• Incorporation in 1981 and conversion into a Public Limited Company on September 27, 1989.
• Completion of its initial public offering on December 4, 1989 and subsequent listings on BSE and NSE.
• Establishment of international subsidiaries in the UK, Germany, and the Middle East, expanding the company’s global market reach.
• Achievement and maintenance of multiple global certifications, strengthening its position as a technically advanced manufacturing company.
• Board approval of the latest consolidated financial statements on May 23, 2025, reinforcing transparency in financial management.

PIX Transmissions Limited Business Verticals and Geographic Presence

Business Verticals:

• Manufacture and distribution of Industrial, Agricultural, Automotive, and Lawn Mower Belts.
• Production and sale of Pulleys, Bushes, and Accessory Kits supporting mechanical power transmission systems.
• Engineering-driven technology absorption and tooling indigenisation for rubber-based industrial products.

Geographical Segments:

• International Markets: Exports contribute over 50% of total turnover; the Group operates trading subsidiaries in the UK, Germany, and the Middle East.
• Domestic Market: The Indian operations account for the remaining turnover, supplying to industrial, automotive, and agricultural sectors.

PIX Transmissions Limited Business Segment

PIX Transmissions Limited operates as a consolidated group focused on the manufacture and distribution of mechanical power transmission products. Its business portfolio encompasses an extensive range of belts—industrial, agricultural, automotive, and lawn mower—along with pulleys, bushes, and accessory kits. Over 50% of its turnover is derived from exports, supported by an established global network through subsidiaries in the UK, Germany, and the Middle East. The company’s operations are guided by advanced manufacturing technology, quality assurance certifications, and continued innovation through technology absorption and product development tailored to customer industries.

PIX Transmissions Limited Key Management

• Amarpal Sethi – Chairman & Managing Director
• Rishipal Sethi – Joint Managing Director
• Sonepal Sethi – Joint Managing Director
• Karanpal Sethi – Chief Financial Officer (Whole-time Director & CFO)
• Shybu Varghese – Company Secretary

Latest Updates on PIX Transmissions Limited

• Consolidated financial statements: The Board approved the consolidated financial statements on May 23, 2025, confirming continued compliance with Ind AS standards and effective Audit Committee oversight.
• Overseas operations and sales: Trading operations through subsidiaries in the UK, Germany, and the Middle East continued robustly. Arm’s-length sales of finished goods to European subsidiaries totalled Rs 63.86 crore during FY 2024-25.
• Product development: The company advanced its technology absorption initiatives, indigenising tooling and developing new rubber industry products to enhance its range and operational competitiveness.
• Export momentum: Exports continued to contribute over 50% of total turnover, reinforcing the company’s international market strength.
• Subsidiary status: No subsidiaries were liquidated or sold during the year, and all remain operational, reflecting stability in the Group structure.
• Certifications: The company retained its major certifications—ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and IATF 16949:2016—covering quality, environmental, safety, and automotive quality management systems.