Starting a business requires not just vision but resilience, determination, and the ability to adapt to changing times. Since 1995, Precision Auto Fasteners’ journey has been marked by consistent growth, innovation, and a commitment to quality. Over the past 30 years, his company has emerged as a leader in manufacturing and exporting fasteners, with a significant presence in the OEM industry.
Manish Bansal, Director and Founder of Precision Auto Fasteners started his entrepreneurial journey while still in college, establishing his first business in the hardware industry in 1995. With limited resources and while completing his education, he took his first step into manufacturing by setting up a few machines in a small space in Nabha. Recognizing the growing demand for quality cycle parts, he shifted his focus and gained approval from TI, a renowned name in the cycle industry. This early success laid the foundation for his company’s future growth.
By 2003, his brother, Aaman Bansal, joined the business, further strengthening the company’s operations. Together, they expanded their product line to include high-quality fasteners and continued to enhance their manufacturing capabilities. Mr Bansal’s dedication to quality and customer satisfaction soon earned him recognition as a trusted supplier in the OEMs and tier-1 OEM markets.
Punjab based Precision Auto Fasteners commitment to quality is reflected in its ISO 9001:2015 certification and CE certification, both of which are essential for gaining the trust of international clients. The company’s recent acquisition of ZED (Zero Effect Zero Defect) certification highlights its adherence to environmental and regulatory standards, further strengthening its competitive edge in the global market.
Today, Precision Auto Fasteners manufactures a wide range of products, including Hex Nuts, Flange Nuts, Hex Weld Nuts, Nylock Nuts, and Hex Bolts with sizes ranging from M4 to M110 and lengths up to 500mm. The company also produces various other types of nuts, bolts, washers, and customized fasteners to meet diverse customer needs. The company’s ability to produce customized solutions has enabled it to cater to diverse industries, including automotive, construction, and heavy machinery.
Mr Bansal’s vision extends far beyond India’s borders. With the “Make in India” initiative providing a solid platform, his company is now focused on increasing exports to Europe and the USA, two of the largest markets for fasteners. The recent CE certification was a strategic step towards entering the European market, ensuring compliance with stringent quality and safety standards.
In March 2027, Precision Auto Fasteners plans to participate in the Fastener Fair Global in Germany, a premier event for the fastener and fixing industry. This will provide an excellent opportunity to showcase the company’s products and capabilities to a global audience. “The Fastener Fair is our gateway to the European market,” Mr Bansal explains. “We aim to build lasting relationships with potential clients and partners.” The company’s success has been fueled by its focus on automation and productivity. By investing in advanced manufacturing technologies, Precision Auto Fasteners has significantly reduced manual labor, improved product consistency, and boosted overall efficiency. Automation has not only increased output by 30% but also enhanced the quality and reliability of the products, enabling the company to meet the high expectations of its international clients.
Mr Bansal’s journey hasn’t been without challenges. In the early years, the lack of tools and infrastructure in Ludhiana made operations difficult. However, his determination to overcome these hurdles was unwavering. The company purchased its own manufacturing facility in Ludhiana in 2001, further solidifying its position in the industry. “The initial days were tough,” recalls Manish Banssal. “We had to work hard, often making multiple trips to Ludhiana for spare parts and materials. But those struggles taught us the value of perseverance and innovation.”
Today, Precision Auto Fasteners employs a skilled workforce and operates at their facility. The company’s strong focus on quality, customer satisfaction, and continuous improvement has earned it a strong reputation both in India and abroad.
The Future plans of Precision Auto Fasteners
As the company prepares for the Fastener Fair in Germany, Mr. Bansal remains optimistic about the future. “Our goal is to increase exports to 50% of our total revenue in the next five years,” he says. “We are committed to expanding our footprint in international markets while continuing to innovate and deliver exceptional products.”
With a registered turnover of over 18 crores, Precision Auto Fasteners is well on its way to achieving these ambitious targets. Its success story serves as an inspiration for aspiring entrepreneurs, showcasing how determination, innovation, and a commitment to quality can turn a small operation into a global powerhouse.
Manish Banssal’s journey from a small hardware business in 1995 to a leading OEM manufacturer and exporter is a testament to the power of vision and hard work. With a strong foundation, a clear strategy for global expansion, and a relentless focus on quality, Precision Auto Fasteners is poised to continue its legacy of excellence in the fastener industry. By embracing new opportunities and staying true to its core values, the company is set to make an indelible mark on the global stage.
