What we do Happy Steels Ltd manufactures safety-critical forged and machined transmission and driveline components for on-highway, off-highway, electric vehicle, and defense applications. |
Founded in 1,996 |
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Problem solved Provides reliable, high-quality critical automotive and defense components ensuring safety and performance in transmissions and drivelines. |
Top clients or who we serve Supplies OEMs and aftermarket segments in automotive (on-road and off-road), electric vehicles, and defense sectors. Primarily B2B customers. |
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Our journey and innovations Founded as a private company in 1996, converted to public in 2025, expanded capacity through CNC machining and heavy-duty forging press additions. |
Where we operate Primarily India with domestic and export markets covering automotive and defense industries. |
Top products or what we offer Axles, long spline shafts, spindles, and other forged/machined drive transmission components. |
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Raw materials needed Steel and alloy materials suitable for forging and machining high-strength automotive parts. |
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Recurring vs cyclical contribution Business driven by industrial and automotive demand cycles, moderately cyclical with recurring OEM contracts. |
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Financial highlights FY2025 revenue Rs. 94.64 crore; net profit Rs. 7.1 crore; growing manufacturing volumes and capacity expansion. |
Geographical revenue split Approximately 77% domestic revenue and 18% export revenue in FY2025. |
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Whats driving growth Capacity upgrades, increasing demand for EV and defense components, and market expansion drive growth. |
Our future plans Planning equity issuance to expand manufacturing capabilities and scale market presence. |
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Interesting facts Operates a CNC machining division and heavy forging presses to deliver complex, safety-critical parts. |
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