What we do Electro Force (India) Ltd designs and manufactures precision sheet metal components, plastic injection mouldings, and assemblies, serving electronics, lighting, and engineering sectors. |
Founded in 2,010 |
Market share Recognized supplier in precision metal components, with a growing presence post its 2023 IPO listing on NSE EMERGE. |
Problem solved Provides high-grade, precision-engineered metal and plastic components vital for electronics and lighting industries, enhancing product reliability and assembly efficiency. |
Top clients or who we serve Serves B2B customers in electronics, lighting, switchgear, and allied engineering sectors across India. |
Key management - |
Our journey and innovations Started as a private limited in 2010; converted to public limited in 2023; expanded manufacturing capabilities including high-speed stamping and overmoulding. |
Where we operate Primarily operates in India, with manufacturing in Vasai, Maharashtra and expansion plans in Palghar. |
Top products or what we offer Precision sheet metal components, high-speed stamping parts, plastic injection moulded products, and sub-assemblies. |
Top brands - |
Raw materials needed Steel sheet, plastic polymers, metals for stamping and forming. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from recurring manufacturing contracts in industrial segments. |
Our industry position Emerging player in precision engineered components with steady revenue growth and increasing market footprint. |
Financial highlights FY 2024-25 revenue Rs 53.3 Cr, net profit Rs 1.28 Cr; IPO raised Rs 80.68 Cr in Dec 2023 for expansion. |
Geographical revenue split Revenue predominantly from domestic market in India. |
Order book - |
Whats driving growth Growth driven by industrial demand, manufacturing expansions, and product diversification into trolleys and handling equipment. |
Our future plans To start new manufacturing unit at Palghar by late 2025 for trolleys and handling equipment production; investment approx Rs 25 Cr. |
Our green promise Implements energy conservation in operations; exploring alternate energy sources as needed. |
Our people and values Committed workforce focused on quality and innovation, with emphasis on governance and compliance. |
Key challenges ahead Managing expansion risks and maintaining profitability amid increasing operational costs. |
Interesting facts Successful IPO listing on SME platform in 2023; zero casualty fire incident with no asset loss in 2025. |
Risks and strategy Risk mitigation through strong board governance, internal controls, and diversification of product portfolio. |
