The modern manufacturing industries are highly focused towards increasing productivity with very less investment on new tooling and machines. This paper discusses about design of press tool with press to be setup in line production, were component usually transferred stage by stage for performing sequence of operation. Deep drawing is the metal forming operation used to form cups from flat sheet metal, in order to assemble the component holes are required and usually produced by secondary operation using piercing tool. The below sections describe about the design of piercing tool for deep drawn component with hydraulic press for piercing operation. The design challenges involve understanding and identification of various uncertainties involved in process and troubleshooting them through virtual prototyping by using FEM and other simulation software and facilitate the design that supports risk free manufacturing environment, with minimum overall cost of production.