What we do Harsha Engineers International Ltd is a core engineering and solar EPC company manufacturing precision bearing cages, bushings, and solar EPC solutions worldwide. |
Founded in 2,010 |
Market share Holds approximately 6.5% global market share in organized bearing cages; supplies to top six global bearing manufacturers. |
Problem solved Delivers high-precision bearing cages and solar EPC services to optimize industrial equipment performance and renewable energy adoption. |
Top clients or who we serve Serves automotive, industrial, and renewable energy sectors with marquee clients like Schaeffler, SKF, NTN, TIMKEN; B2B focus. |
Key management Mr. Rajendra Shah (Chairman), Mr. Harish Rangwala (MD), Mr. Vishal Rangwala (CEO), Mr. Pilak Shah (COO), Ms. Hetal Naik (Director) |
Our journey and innovations Founded in 2010, expanded via acquisitions in China and Romania, IPO in 2022, continuous capacity expansion and solar projects. |
Where we operate Operations in India, China, Romania; exports to 25+ countries across five continents. |
Top products or what we offer Precision bearing cages, bushings, stamped components, solar EPC and O&M services. |
Top brands Harsha bearing cages and bushings - leading in India and exporting globally; Solar EPC solutions growing rapidly. |
Raw materials needed Brass, bronze, steel, polyamide raw materials for bearing products. |
Raw materials supplier Procured globally from specialized suppliers aligned to quality standards. |
Recurring vs cyclical contribution Engineering business is primarily recurring B2B sales; Solar EPC is project-based and cyclical. |
Our industry position One of India's largest precision bearing cage manufacturers with significant global presence and strategic partnerships. |
Financial highlights FY25 consolidated revenue Rs 1,407.65 Cr; PAT Rs 89.31 Cr; steady revenue growth with recent earnings expansion. |
Geographical revenue split India contributes ~49%; Outside India ~51% of revenue, showing balanced global footprint. |
Order book - |
Whats driving growth Growth driven by strong industrial demand, capacity expansions, new solar projects, long-term client contracts. |
Our future plans Brownfield expansion in China, new manufacturing facilities, scaling solar power plants by FY28. |
Our green promise Developing solar power plants; focus on sustainability recognized by global customer awards. |
Our people and values Board of 10 directors with diverse expertise; emphasis on governance, safety, sustainability, and innovation. |
Key challenges ahead Commodity price volatility, global demand fluctuations, and project execution timelines. |
Interesting facts Received India and Global Sustainability Awards from Schaeffler; Platinum and Silver awards at CII Circle Competition. |
Risks and strategy Mitigates market and operational risks through diversified production, strong customer relations, and ongoing innovation. |
