What we do Saakshi Medtech & Panels Ltd manufactures electrical control panels, medical X-ray systems, locomotive fabrications, and wire harness assemblies serving industrial and healthcare sectors. |
Founded in 2,009 |
Market share Emerging player with diversified industrial presence, expanding manufacturing capabilities and debut SME stock market listing in 2023. |
Problem solved Providing integrated electrical and mechanical solutions to industries such as elevators, wind turbines, healthcare, and transportation with quality fabrication and assembly. |
Top clients or who we serve OEMs in elevators, wind turbines, compressors, oil & gas, electrical vehicles, healthcare providers, and locomotive manufacturers; primarily B2B. |
Key management Mr. Aniket Vijay Latkar, Chairman and Managing Director; Mrs. Mayuri Aniket Latkar, CFO and Whole-time Director; strong leadership with strategic vision. |
Our journey and innovations Started as machine tools in 2009, integrated medical X-ray and locomotive fabrication from 2019; recently expanded wind turbine and radiator lines. |
Where we operate Operations primarily in Pune with extensive domestic industrial clientele; IPO listed on BSE SME platform for broader capital market access. |
Top products or what we offer Electrical control panels & cabinets, Medical X-ray systems, locomotive high-level fabrication assemblies, wire harnesses. |
Top brands - |
Raw materials needed Electrical components, sheet metal, wiring materials, microcontrollers, programmable logic controllers. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily cyclical reflecting industrial demand with growing recurring orders in control panels and medical equipment. |
Our industry position Positioned as a growing SME player with diversified manufacturing focus, leveraging backward integration and quality control to enhance market competitiveness. |
Financial highlights FY 2024 Revenue approx ₹122 crore; PAT ₹11.3 crore; positive growth with expanded production capacities and solid order inflow. |
Geographical revenue split - |
Order book - |
Whats driving growth Expansion into wind turbines and radiator production, aerospace fabrication, and growing demand for integrated control systems. |
Our future plans Commission recently expanded with Plant III; scaling wind turbine production and new radiator lines operational by FY 2025. |
Our green promise - |
Our people and values Employee base about 120; emphasis on professional integrity, ethical conduct and diversity; robust governance and compliance frameworks. |
Key challenges ahead Managing cyclical industry demands, scaling production efficiently, and maintaining competitive edge in evolving sectors. |
Interesting facts IPO oversubscribed 91.65 times; expanding from traditional fabrication to cutting-edge wind turbine and aerospace components. |
Risks and strategy Risk from industrial cyclicality mitigated with product diversification and backward integration; strong internal controls and risk management policies. |
