Prince Pipes and Fittings Limited (PPFL) was incorporated as a private Company as 'Prince Pipes and Fittings Private Limited' on November 13, 1987, in Mumbai, Maharashtra. Thereafter, the Company got converted into a public Limited and the name of the Company was changed to 'Prince Pipes and Fittings Limited' on August 11, 2017.
The Company is recognized as India's largest integrated piping solutions providers based in Mumbai. The Company markets its products under two brand names: Prince Piping Systems; and Trubore Piping Systems. Due to its comprehensive product range, the Company positioned as an end-to-end polymer piping systems solution provider. The Company is presently engaged in the manufacturing of polymer piping solutions in five types of polymers, such as CPVC, UPVC, HDPE, PPR and LLDP.
In 2019-20, the Company launched its initial public offering of equity shares by issuing 28,089,885 Equity shares of Rs. 10/- each comprising of a Fresh Issue of 14,044,943 Equity shares of Rs. 10/- each and Offer for Sale (OFS) of 14,044,942 Equity shares of Rs. 10/- each. The Company raised Rs. 250 Crore from the Fresh Issue and the Promoters raised Rs. 250 Crore under the OFS.
A newly constructed plant at Jaipur, Rajasthan, commenced production for pipe manufacturing in September, 2019 and the Jaipur plant's capacity expanded to 20,909 TPA in March, 2020.
In June 2020, the Company launched StoreFit water tanks as part of its introductory range of overhead water storage solutions. It also launched 4 additional products including EASYFIT RE specially designed to divert wastewater into a system where it can be recycled, CABLEFIT pipes manufactured using ultra-modern hi-tech machines for India's rapidly growing infrastructural needs and GREENFIT
PP-R systems designed for hot & cold water plumbing systems in buildings & Industrial piping installations.
In September 2020, Company announced a collaboration with Lubrizol [headquartered in the US] - the worl