Precision Tools & Implements Co. was started in 1972 by Mr. P. K. Nandy in Kolkata, West Bengal in a view to develop import substitute Tool Room Spares as required by various multinational organisations.This is a family business and Mr.Pinaki Nandy and Mr.Prasun Nandy are third generation in this Tool room industry.

In the Year 2005, PTI shifted its manufacturing unit in Bangalore to cater potential market of Precision Engineering Tool Room Components.

PTI excels in developing creative manufacturing solutions using advanced manufacturing technology, Continuous improvement & upgradation of system, machinery & technology keep PTI at par with global manufacturing trend.