It was an era when India had to depend heavily on engineering imports to service its economy. The need of the hour was self-reliance, especially after independence. Realizing this, Mr. B. B. Lahiri, then a young, energetic engineer, envisioned developing machines with a total indigenous know-how and material. To give his dream a concrete shape, Mr. Lahiri thoroughly trained himself in U.K. and Switzerland. He gathered first hand experience in reputed organizations like Bird Co. and IISCO on his return. Finally in 1962, his dream become a reality in the form of Plant & Equipment Engineering Company (PEECO) in Howrah, West Bengal - a company developing world class hydraulic machines with complete indigenous technology. The company had started cost-effective indigenous operations, in designing and manufacturing items like Hydraulic Power Packs, Presses for tyre, Rubber Sole and Engineering Industry, etc. In the year 1968, the constitution of the company subsequently changed to Peeco Hydraulic Pvt. Ltd.Continuous and tireless efforts by Mr. Lahiri gained prestigious clients in the Indian Railways, the Defense Ministry and other large industries - both in Public and Private Sectors, for hydraulic machinery, developed and manufactured by PEECO:
· Specially-built Hydraulic Presses / Machines used by Indian Railways Buckling and De-buckling Press, Eye Rolling Machines, Tyre Rim Press, Bogie Testing Machine, Transvers Testing Machine, Spring Testing Machine, Horizontal Tensile Testing Machine, Armature Coil Moulding Press, Rail Straightening Machine, Press suitable for manufacturing points and crossings etc., FRP Moulding Press and other special & general purpose Machines required by Railway workshops for POH & Production.
· Hydraulic Machines developed for Defence Filling Press, Copper Band Press, Noosing / Bottling Press for Shell manufacturing etc.
· Specially built Machines for Public and Private Sectors Hydraulic Presses / Machines, Power Packs, Valves, Testing Machines etc.
Peeco's Prestigious Clientele
Indian Railways POH Workshops & Manufacturing units., Defence, Indian Ordnance Factory Board, Army Base Workshops, Research Laboratories like DROL, LRDE, EROL, ARDE, DMRL, DMSRDE etc. Department of Atomic Energy, BARL Trombay, BARC Moula Ali etc., Public & Private Sectors, HAL, BHEL, Coalfields, Burn Standard, IISCO, TISCO, Telco, Jenson & Nicholson, Timken India etc.
A journey embarked upon by Mr. B. B. Lahiri, a farsighted technocrat four decades ago, has carved a place for itself among the list of Indian entrepreneurs itself among the list of Indian entrepreneurs through the virtues of dedication, sincerity and positive thinking.