What we do Synergy Green Industries Ltd manufactures industrial castings, specializing in wind turbine parts and general engineering castings, serving global renewable energy and industrial sectors. |
Founded in 2,010 |
Market share Leader in large castings for wind turbines, supplying top global OEMs including Vestas, Siemens Gamesa, and GE Renewable. |
Problem solved Provides high-quality, large industrial castings to support growth in renewable energy, particularly wind power sector and general engineering needs. |
Top clients or who we serve Primarily serves B2B clients: top wind turbine OEMs globally like Vestas, Gamesa, GE Renewable, Siemens; also mining, pumps, valves industries. |
Key management Sachin R. Shirgaokar (Chairman & MD), Sohan S. Shirgaokar (Joint MD), V. S. Reddy (Executive Director), Pratik Dukande (CFO, IIM Bangalore alumnus). |
Our journey and innovations Started in 2011, expanded foundry capacity, pioneered large 30MT casting production with MAGMA simulation tech and enhanced sustainable energy-efficient processes. |
Where we operate Operating primarily from India with exports to global wind OEMs in Europe, US, and Asia. |
Top products or what we offer Large castings: wind turbine blades, gearboxes, steel, grey iron, ductile iron castings, plus non-wind industrial castings for mining and pumps. |
Top brands Known in wind industry for large castings up to 30MT; trusted by 50% of top 10 global wind OEMs; ISO and BIS certified products. |
Raw materials needed Raw materials include steel, grey iron, spheroidal graphite iron, sand for molding, and alloys used in casting processes. |
Raw materials supplier Procured mostly from domestic Indian suppliers; limited imports controlled to optimize cost and supply chain. |
Recurring vs cyclical contribution Majority revenue from recurring orders driven by large renewable projects and industrial demand; some cyclicality in general engineering segment. |
Our industry position One of India’s largest automated foundries with growing global export share, especially in renewable wind energy sector. |
Financial highlights FY 2024-25 revenue Rs 363 Crores with 10.86% growth; net profit Rs 16.89 Crores; EBIT margins improved by over 100 basis points. |
Geographical revenue split Exports increased by 163%, contributing around 27% of revenue; rest from domestic Indian markets. |
Order book Robust order book with 20% growth projected in FY26 supported by new product development and capacity expansion. |
Whats driving growth Rising global renewable energy demand, especially wind power, government infra investments, strategic capacity expansions and exports growth. |
Our future plans Expand foundry capacity from 30,000 to 45,000 TPA; increase in-house machining; upscale solar power from 2 MW to 10 MW. |
Our green promise Investing in energy management (ISO 50001), solar power installation, thermal reclamation for sand recycling reducing environmental footprint. |
Our people and values Employs skilled workforce with focus on safety, diversity, and ongoing training; governed by stringent codes and ethical practices. |
Key challenges ahead Commodity price volatility, machining outsourcing, competition in global markets, and capacity scaling execution risks. |
Interesting facts First Indian foundry with 30MT large casting capability; supplier to half of world’s top 10 wind OEMs; advanced MAGMA simulation use. |
Risks and strategy Mitigates input cost risks via quarterly price hedging; expanding capacity and machining to control quality and costs; diversifying product base. |
