PEL was founded by Ashok Kanodia in Faridabad, a suburb of Delhi, to manufacture SINGLE SIDED PCBs.
PEL brand of PCB established in Northern India
PEL expands facilities in Faridabad.
Production of DOUBLE SIDED PLATED THRU HOLE PCBs initiated.
Acquires a plot measuring 5000 m2 in NOIDA ,an industrial suburb of Delhi
Govt. opens the Telecom sector for Private industry participation. PEL receives license to manufacture Telecom Transmission equipment viz. Access MUX, Line Systems, Radio equipment & Subscriber Radio terminal (SRE) for the Multi Access Rural Radio system (MARR)
PEL obtains Govt. permission to setup the largest PCB manufacturing facility in Northern India. Construction for a state-of-art air conditioned and dust free facility covering 5000 m2 started
Transfer of Technology agreements signed with:
EL goes Public. IPO is oversubscribed.
Production At NOIDA begins. Bulk supplies of MUX and Subscriber Radio Equipment of Rural Radio Communication System (SRE) to ITI Ltd. Rights issue initiated to fund cost overrun caused due to Indian currency de-valuation.
Rs. 200 million PO for MUX and Line Systems received from DoT (National PTT). PEL signs technology transfer agreement with:
Rs. 150 million MTNL PO STM-4 systems received. PEL achieves ISO 9001 quality standards for its operations.
SDH systems installed timely in MTNL Delhi & Mumbai. Sales touch Rs. 350 million.
PEL goes through a period of severe cash crunch due to large withholding of funds against supplies made to a major account.
Maiden contract from the Indian Air Force worth Rs. 100 million for supply of Multi-channel Radio Relay (MCRR) on Vehicular platform received. PEL performs first ever total system integration of COTS equipment to MIL-compliant specs.
PEL receives award from the ASCON working group for delivering the Mobile ASCON Node. These nodes are deployed and successfully used during active field operations conducted by the Indian Army. The Mobile ASCON node becomes a mainstay for the Indian Army.
MTNL places PO for Rs. 50 million for supply of MUX with interface cards. PEL offers its secured lenders a One Time Settlement (OTS) of all the debts and accepts the financial restructuring package offered.
HQ Northern Command, Indian Army places PO worth Rs. 20 Million for supply of TDM Access Equipment including Flex-MUX and modems. IAF places a repeat order worth Rs. 11 million for supply of MCRR on vehicular platform.
Infusion of capital by strategic investor makes PEL a DEBT FREE company. PEL bags an order from HQ 15 Corps for supply of first ever Spread Spectrum radiosPEL wins RFP for supply of TDM Access Equipment worth Rs. 10 million to HQ Northern Command.IAF places a PO on PEL for spares for already supplied MCRRs worth Rs. 11 million. DRDO places a PO on PEL for supply of TDM MUX.