In 1995, Manish Bansal, Director and Founder of Precision Auto Fasteners, embarked on his entrepreneurial journey while still in college. Starting with limited resources, he set up a small manufacturing unit in Nabha, focusing on cycle parts. His early success came after securing approval from TI, a leading name in the cycle industry. This marked the beginning of what would become a thriving global enterprise.
By 2003, Manish’s brother, Aaman Bansal, joined the business, bringing fresh energy and expertise. Together, they expanded their product range to include high-quality fasteners, catering to the growing demands of the automotive and manufacturing sectors. Their commitment to quality and customer satisfaction quickly earned them a reputation as a reliable supplier in the OEM and tier-1 OEM markets.
Headquartered in Punjab, Precision Auto Fasteners has earned several certifications, including ISO 9001:2015 and CE, which are critical for building trust with international clients. The company’s recent ZED (Zero Effect Zero Defect) certification underscores its dedication to environmental sustainability and regulatory compliance, further enhancing its global competitiveness.
The company specializes in manufacturing a wide array of fasteners, such as Hex Nuts, Flange Nuts, Hex Weld Nuts, Nylock Nuts, and Hex Bolts, with sizes ranging from M4 to M110 and lengths up to 500mm. Additionally, it produces customized nuts, bolts, washers, and other fasteners to meet the specific needs of industries like automotive, construction, and heavy machinery.
With the Indian government’s “Make in India” initiative providing a strong foundation, Precision Auto Fasteners is now targeting international markets, particularly Europe and the USA. The company’s recent CE certification is a strategic move to meet the stringent quality and safety standards required in these regions.
In March 2027, the company plans to participate in the Fastener Fair Global in Germany, a premier event for the fastener industry. “This fair is our gateway to the European market,” says Manish Bansal. “We aim to build lasting relationships with global clients and partners.”
The company’s success is driven by its focus on automation and productivity. By investing in advanced manufacturing technologies, Precision Auto Fasteners has reduced manual labor, improved product consistency, and increased output by 30%. These advancements have not only enhanced efficiency but also ensured the high quality and reliability of its products.
However, the journey hasn’t been without challenges. In the early days, the lack of infrastructure and tools in Ludhiana posed significant hurdles. Despite these obstacles, Manish’s determination never wavered. In 2001, the company acquired its own manufacturing facility in Ludhiana, solidifying its position in the industry. “The initial years were tough,” recalls Manish. “But those struggles taught us the value of perseverance and innovation.”
Today, Precision Auto Fasteners operates with a skilled workforce and a strong focus on quality, customer satisfaction, and continuous improvement. Its reputation as a trusted manufacturer extends both within India and internationally.
Looking ahead, the company aims to increase exports to 50% of its total revenue within the next five years. With a current turnover of over 18 crores, Precision Auto Fasteners is well on its way to achieving this goal. Manish Bansal remains optimistic about the future, emphasizing the company’s commitment to innovation and excellence.
Precision Auto Fasteners’ story is a testament to how determination, innovation, and a relentless focus on quality can transform a small business into a global leader. It serves as an inspiration for aspiring entrepreneurs worldwide.
