What we do Shivalik Bimetal Controls Ltd manufactures precision thermostatic bimetals, shunt resistors, and electrical contacts used in EVs, smart meters, and industrial applications globally. |
Founded in 1,984 |
Market share Market leader in thermostatic bimetals and shunt resistors with significant domestic and global presence across 38 countries. |
Problem solved Provides accurate thermal control and current sensing components essential for electrical safety, energy management, and smart technologies. |
Top clients or who we serve Serves over 300 OEMs and Tier-1 suppliers in automotive, electrical appliances, energy storage, and smart metering sectors. Primarily B2B. |
Key management Kabir Ghumman (Managing Director), Narinder Singh Ghumman (Chairman & Whole Time Director), Sumer Ghumman (Whole Time Director). |
Our journey and innovations From the first Asian plant for thermostatic bimetals (1986) to pioneering Electron Beam Welding technology and global expansion including a Europe subsidiary. |
Where we operate India, Europe (Italy), Americas, Asia; exporting over half revenue with a strong global footprint. |
Top products or what we offer Thermostatic bimetal strips, shunt resistors, silver electrical contacts, and precision components manufactured via proprietary bonding and welding technologies. |
Top brands Shivalik Bimetal thermostatic strips, Electron Beam Welded shunt resistors (49% revenue), Checon silver contacts; recognized for quality and technical leadership. |
Raw materials needed Stainless steel, copper, manganin, nickel alloys, silver, and specialized metals for bimetals and contacts. |
Raw materials supplier Supplier details not specified; emphasis on indigenous sourcing initiatives underway. |
Recurring vs cyclical contribution Revenue driven by long-term OEM partnerships ensuring recurring orders with steady growth despite cyclicality in automotive markets. |
Our industry position Strong competitive moat via proprietary EBW and diffusion bonding processes, high R&D intensity, zero-debt financials, and market share leadership. |
Financial highlights FY25 revenue ₹508 crore, net profit ₹77 crore, EBITDA margin ~22%, ROCE 24.65%, zero debt, strong cash conversion. |
Geographical revenue split 56% exports mainly to Europe, Americas and Asia; 44% domestic India sales. |
Order book - |
Whats driving growth EV electrification, smart meter rollout in India, grid modernization, technological edge in low-ohmic components, and global energy transition policies. |
Our future plans Capacity expansions, optimization CAPEX ₹15-20 crore, expanding Europe presence via subsidiary, and new product line integration. |
Our green promise Hydroelectric-powered plants, solar adoption, tree plantations, efficient waste management, and ESG-aligned governance practices. |
Our people and values Over 835 professionals with strong R&D culture, diversity focus, and community healthcare and education programs. |
Key challenges ahead Global supply chain fluctuations, raw material price volatility, maintaining quality with growth, and adapting to evolving technology standards. |
Interesting facts First Asian plant outside Japan to produce sophisticated thermostatic bimetals; builds in-house EBW machines at half market cost; 77 proprietary bimetal grades. |
Risks and strategy Mitigates risks via zero-debt balance sheet, diversified global customer base, strong internal controls, and continuous product innovation. |
