What we do Hindustan Composites Ltd manufactures fiber-based friction materials like brake liners and clutch facings for automotive, railways, and industrial sectors, alongside metal and commodity trading. |
Founded in - |
Market share Major supplier to state transport companies and OEMs in India; recognized Export House certificate enhances market presence. |
Problem solved Provides reliable and quality friction materials to ensure vehicle safety and performance for various transport and industrial applications. |
Top clients or who we serve Serves OEMs, replacement markets, state transport companies, and industries needing automotive and industrial friction products; B2B focused. |
Key management Raghu Mody (Chairman), P. K. Choudhary (Managing Director), Sunil Jindal (CFO) |
Our journey and innovations From asbestos products to ISO 9002 certified friction materials; eliminated asbestos in 2024; joint venture began disc brake pad production in 2014; started metals trading in 2025. |
Where we operate Manufacturing units in Mumbai, Paithan, Bhandara, Jalna, with markets primarily in India; exports as an Export House are reported. |
Top products or what we offer Brake Liners, Roll Linings, Clutch Facings, Disc Brake Pads, Railway Brake Blocks, Sealing and Textile Products. |
Top brands Compo ADVICS disc brake pads; other friction material products form flagship portfolio with long-standing market presence. |
Raw materials needed Fibers, friction materials compounds, metals for trading, natural gas for boilers as fuel substitute. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from manufacturing friction materials (cyclical with auto industry) and stable investment income (recurring). |
Our industry position Strong position in Indian automotive and rail friction material segments with growing share in replacement and OEM markets. |
Financial highlights FY 2022-23 revenue Rs. 282.69 crore; net profit Rs. 27.47 crore; segment revenue Composite Products Rs. 15.84 crore, Investments Rs. 3.82 crore. |
Geographical revenue split - |
Order book - |
Whats driving growth Growth driven by commercial vehicle and rail friction demand, operational efficiency, and expanding product range in automotive safety components. |
Our future plans New facility for sealing and textile products at Jalna; focus on metals and commodities trading; enhance joint venture disc brake pad output. |
Our green promise Transitioned to asbestos-free production by 2024, promoting safer and sustainable product lines. |
Our people and values Board with mix of executive and independent directors; emphasis on compliance, risk management, and CSR initiatives supporting community causes. |
Key challenges ahead Volatile raw material prices, supply chain disruptions, market uncertainties, and global economic factors impacting costs and demand. |
Interesting facts One of few friction material companies achieving asbestos elimination in 2024 and maintaining ISO 9002 certification for decades. |
Risks and strategy Faces economic volatility risk; mitigates through diversified investments, product innovation, cost control, and prudent risk management. |
