Popular Vehicles & Services Ltd Shareholding Pattern
Promoter Holdings
61.179 %
FIIs
10.435 %
DIIs
0.454 %
MutualFund
9.754 %
Retail
15.293 %
Others -
2.884 %
About Popular Vehicles & Services Ltd
History of Popular Vehicles & Services Ltd
Popular Vehicles & Services Limited was originally incorporated on July 5, 1983 at Kochi, Kerala, as a Public Limited Company. The Company converted the status to a Private Company on March 24, 2015 with the RoC, Kerala at Ernakulam. Company subsequently got converted into a Public Limited and its name was changed to Popular Vehicles and Services Limited w.e.f. July 10, 2018 issued 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, Kuttuk ...aran 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 acquired shares in Keracon Equipments Private Limited (KEPL) on February 1, 2023 by way of entering into a share transfer agreement, consequent to which KEPL became a wholly owned subsidiary of the Company.
The Company raised money from public through IPO with the issuance of 11,917,075 equity shares through Offer for Sale and Rs 250 Crore through Fresh Issue in March, 2024.
Company launched new service centers, including the country's first Gold Category Ather facility in in Maharashtra in FY 2025. It opened two MSIL spare parts outlets in Tamil Nadu.
FAQs on Popular Vehicles & Services Ltd
1. Can I buy Popular Vehicles & Services Ltd from PL Capital? ›
Yes, you can invest in Popular Vehicles & Services Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Popular Vehicles & Services Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Popular Vehicles & Services Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Popular Vehicles & Services Ltd pay dividends? ›
Popular Vehicles & Services Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Popular Vehicles & Services Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Popular Vehicles & Services Ltd. is ₹ 118.21 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Popular Vehicles & Services Ltd ? ›
The 52-week high and low of Popular Vehicles & Services Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
