Premier Ltd. (formerly known as The Premier Automobiles Limited) was an Indian automotive manufacturer company, based in Mumbai, India. The company is owned by the Walchand Group. Walchand Hirachand established the Premier Automobiles Ltd.(PAL) in 1944 with the encouragement and support of Sir. M. Visvesvaraya. The company was founded in 1903 as Walchand-Phatak Co. Later on, the name was changed to TATA Constructions. Further, after the exit of TATA`s name was again changed to Premier which was engaged in work of contract & construction business. In October 1947 Premier Ltd. manufactured the first Indian made trucks and cars rolled out onto the streets of a free India. Premier is well-known for its Premier Padmini which ruled the Indian car market and its popularity peaked during 1970s and 80s.