BAHAUDIN ZAKARIYA UNIVERSITY MULTAN

Bahadur sub campus layyah Introduction & History of pel company

Submitted To: Tahir Abbas

Submitted By: Mahwish naz Roll No: 33 Date: 17/12/2013

INTRODUCTION OF PEL COMPANY

PE L i s o ne of t he old es t man uf a ct ur in g u ni t of ho me a pp li an ce in Pa ki st an . It ma nuf ac tu re s A . C, de ep f re ez er , R ef ri ge r at or . Th e p ro du ct s ma nuf a ct ur ed b y PE L ha v e be e n of hi gh st ar te d qu al it y t hr o ug h o u t t he ye a r s. PEL wa s e st ab l is he d w it h T ec hn o lo g y Co ll ab or a ti on of AE G Ge r ma n y i n 1 95 6, 1 98 0 PE L ex p an de d in to co ns u me r d o me st i c ma rk et w it h in tr od uc ti on of wi n do w b y PEL A .C . in to O ct o be r 19 78 PEL w as t a ke n b y s ag ol f a mil y. A c c or di ng A t he n PE L is No w a co m pa n y o n t he g oe s o n.

The head of HR department is called HR manager. It has 180 employees working in it. Among which 27 are doing clerical job.

PE L h a s c on ti nu e d o n t he pa th of r ec ov er y a nd th e b us in es s i n b o th it s di vi s io ns p o w er a nd h o me a pp l ia nc es h av e g ro w n. Ef f or ts f o r i mpr ov e me nt in pr od uc t iv it y, qu al it y of ou r pr od uc t s a nd

di ve rs if ic at io n ha ve yi e l d ed p os it iv e r es ul t s a nd t he co mp a n y h as ea rn ed a ne t p rof i t af te r t ax of R s. 94 .1 00 mi ll i on ( la st ye a r 5 9. 0 00 mi ll io n) . Si nc e th e co mp a n y ha d s u f f ered l o ss es in t he p a st , w hi ch ha d er o de d i ts e qu it y l ea vi ng hu ge b a nk b o rr ow i ng s, th e de p t se rv ic in g re ma i ns a ma jo r bu r de n o n it s op er at i on s. Si mu l ta ne ou s l y in cr ea si ng bu s in e ss vo lu me s r e qu i ri ng ad di ti on al w or ki ng ca pi ta l ha ve n ot a l lo we d t he muc h n ee de d ea se i n it s ca s h f low s wh ic h c ou ld of f er a s mo ot hn es s i n it s op er at i on s. Bu si ne s s i n Po w er Di vi s io n i s pr op e ll in g po si ti ve l y a n d i s ex pe ct ed to gr o w f ur th er i n th e e ns ur i ng ye a r s. PE L is ex pl o ri ng ex po rt ma r ke t f or o ur Po we r d i vi si on pr od u ct s, Cr yst al br an d R ef ri ge ra to r l au nc he d

in 1 99 8 ha s d ev el op ed i nt o a ma j or so ur ce of ou r co n s is te nt g ro w th . Th is t re n d is e x p ec te d to c o nt in ue in th e f ol lo wi n g ye a rs . O n th e ot he r h an d a ir -c on di ti on er sa le s h av e not re ac he d d es ir a bl e le v el s d ue to so me se ri ou s w ea kn es s i n i mp o rt pr oc ed ur es an d s m ug gl ed go o ds , sh ri nk ag e i n th e si ze of ma rk et a n d w or ki ng c ap i ta l co ns tr ai nt s

Pel Company History

. Pak Electron was setup in 1956 as a Public Limited Company with the object of initially producing transformers, switchgears, and electric motors. AEG experts and PEL personnel carried out the designing and production of this equipment jointly. After the conclusion of joint venture agreement with AEG Saigol Group acquired the PEL COMPANY in October 1978. The company floated its shares to the general public and was listed on Karachi Stock Exchange (KSE) and Lahore Stock Exchange (LSE). In 1980, Appliances Division was established and in 1981 its starts the production of Window Type Air Conditioners with the technical collaboration of General Corporation of Japan. This air conditioner was well received in the market for its quality. Subsequently in 1987 the production of Refrigerators and Deep Freezers was started. In 1993 the company has started the assembly of Compressors for Refrigerators and Deep Freezers under technical collaboration with Messrs. NECCHI COMPRESSORI of Italy. It was in early 70s that PEL became known in overseas markets due to its quality. The company started its export to countries like Saudi Arabia, Abu Dhabi, Qatar etc. Later on PEL supplied electrical equipments to various other countries in the Middle East, Far East and Africa with great success.

Vision
To providing engineering goods and services through continuous improvement

Mission Statement
To provide quality products & services to the complete satisfaction of our customers and maximize returns for all stakeholders through optimal use of resources, To focus on personal development of our employees to meet future challenges, To promote good governance, corporate values and a safe working environment with a strong sense of social responsibility

Personality profile. Chairman: Mr.azam Saigol Mr.murad Saigol Managing director: Mr.haroon ahmed khan Homaeer waheed