What we do Electrotherm (India) Ltd is a leading engineering company manufacturing induction furnaces, TMT bars, ductile iron pipes, electric vehicles, transformers, and transmission line towers for steel and infrastructure sectors. |
Founded in 1,986 |
Market share Significant presence in Indian steel melting equipment and TMT bar markets with over 300 induction furnaces installed nationally and internationally. |
Problem solved Provides cost-effective indigenous solutions for steel melting, alloy steel, and stainless steel equipment, supporting India's steel and allied industries. |
Top clients or who we serve Steel manufacturers, construction sectors, electric vehicle market, and infrastructure companies; serving B2B clients primarily. |
Key management Shailesh Bhandari (Executive Vice Chairman), Suraj Bhandari (Managing Director), Tushar Jani (Whole-time Director) |
Our journey and innovations Since 1986, pioneered India's first indigenously made 1200 KW solid state generator and largest 20-ton induction furnace; expanded into electric vehicles and steel production. |
Where we operate Primarily India with exports overseas; manufacturing facilities in Kutch, Gujarat and others across India. |
Top products or what we offer Induction melting furnaces, TMT bars including fusion bonded epoxy coated, ductile iron pipes, electric scooters, transformers, transmission towers. |
Top brands Fusion bonded epoxy coated Fe-550D TMT bars (#1 in quality segment), electric vehicles (150,000 units capacity), advanced induction furnaces (largest capacities in India). |
Raw materials needed Scrap metal, steel billets, iron ore, alloy elements, electrical components for furnaces and transformers. |
Raw materials supplier Various domestic and international steel and metal suppliers; specifics not disclosed. |
Recurring vs cyclical contribution Revenue mainly cyclical tied to steel industry cycles but with recurring manufacturing orders in engineering and electric vehicle divisions. |
Our industry position Leading Indian manufacturer of steel melting equipment and TMT bars, with growing footprint in electric vehicle manufacturing and steel production. |
Financial highlights FY2024-25 Revenue: ₹4,112 crore; Net Profit: ₹442 crore; EBITDA approximately ₹380 crore prior to finance costs and depreciation. |
Geographical revenue split India contributes ₹3,888 crore; Overseas revenue ₹228 crore; Majority business from domestic operations. |
Order book - |
Whats driving growth Steel sector demand, expansion of electric vehicle production, innovation in steel melting technology, infrastructure development projects. |
Our future plans Enhance steel production capacity with modern plants, scale electric vehicle output, and expand renewable energy initiatives. |
Our green promise Engaged in wind power generation and electric vehicle manufacture supporting clean and sustainable technologies. |
Our people and values Focus on skilled workforce, safety, and innovation; commitment to ethical standards and social responsibility in operations. |
Key challenges ahead Managing legacy non-performing assets, regulatory compliance, competitive pressures, and integrating acquired subsidiaries efficiently. |
Interesting facts Installed India's largest 20 ton induction melting furnace; received 'Dhatu Nayak' awards for indigenous steel equipment development. |
Risks and strategy Address financial restructuring, legal contingencies, and market cyclicality through diversification and investments in technology. |
