What we do Megatherm Induction Ltd manufactures induction heating and melting equipment, transformers, and steel plant machinery, offering turnkey steel melt shop solutions and after-sales services. |
Founded in 2,010 |
Market share Growing presence in India's industrial equipment manufacturing sector with expanding operations in power and steel industries. |
Problem solved Provides advanced induction and arc melting technology to improve steel production efficiency and quality, addressing industrial thermal processing needs. |
Top clients or who we serve Steel manufacturers, alloy industries, and power distribution sectors; primarily B2B clients requiring steel melt shop machinery and services. |
Key management Shesadri Bhusan Chanda (Chairman & Managing Director), Satadri Chanda (Whole-Time Director & CFO), Christina Paul Chowdhury (Non-Executive Director), Ankit Rathi and Siddhartha Sen (Independent Directors). |
Our journey and innovations Incorporated in 2010, started furnace manufacturing in 2018, entered industrial transformers in 2021, IPO in 2024, and renewable energy sector in 2025. |
Where we operate Primarily India with emerging exports; revenue mainly from domestic markets with growing international sales. |
Top products or what we offer Induction melting furnaces, induction heating equipment, transformers, ladle refining furnaces, arc furnaces, and turnkey steel plant setups. |
Top brands - |
Raw materials needed Electromagnetic components, steel, electrical parts, and industrial-grade metals for manufacturing equipment. |
Raw materials supplier - |
Recurring vs cyclical contribution Sales driven by industrial investments; mix of recurring maintenance contracts and cyclical equipment sales. |
Our industry position Emerging manufacturer with growing market share in steel plant equipment and induction technology segments in India. |
Financial highlights FY24 revenue of INR 306.7 crores; net profit INR 21.31 crores; steady year-over-year growth and improved profitability. |
Geographical revenue split Revenue from India approx. INR 288 crores; exports approx. INR 32 crores. |
Order book - |
Whats driving growth Expanding steel sector demand, new power transformer manufacturing, renewable energy initiatives, and the successful IPO funding growth. |
Our future plans Capex plans in renewable energy, scaling transformer production, and expanding turnkey steel plant solutions. |
Our green promise New renewable energy facility commissioned in FY25, highlighting sustainability commitment. |
Our people and values Strong governance with experienced leadership; focus on transparency and ethical compliance. |
Key challenges ahead Increasing competition, supply chain volatility, and the need to innovate in a capital-intensive industry. |
Interesting facts First year post-IPO with strong market reception; entered renewable energy sector soon after IPO. |
Risks and strategy Mitigating market cyclicality via diversification into power and renewable sectors; focus on R&D and after-sales support. |
