What we do Shanthi Gears Ltd, a subsidiary of Tube Investments of India, manufactures customized industrial gearboxes and gears for sectors like steel, cement, power, mining, and transportation. |
Founded in 1,969 |
Market share A key Indian player with significant presence in customized industrial gear markets and pioneering certifications in aerospace and railway sectors. |
Problem solved Provides high-precision, durable gear solutions enhancing machinery efficiency across heavy industries, reducing import dependence for critical gearboxes. |
Top clients or who we serve Serves industrial sectors including steel, cement, power companies, mining, automotive, and railway manufacturers; primarily B2B clients. |
Key management M Karunakaran (CEO & Whole-time Director) |
Our journey and innovations Started in 1969, expanded from textile gears to diverse industrial sectors; first Indian firm with AS-9100D and IRIS certifications; achieved gearbox testing at 100,000+ RPM. |
Where we operate Primarily India with exports to select global markets. |
Top products or what we offer Industrial gears, gearboxes (worm, helical, bevel helical), geared motors, value engineering services, custom high-tech gear solutions. |
Top brands Shanthi Gears - market leader in bespoke industrial gear manufacturing with aerospace and railway sector certifications. |
Raw materials needed Cast iron, spheroidal graphite castings, phosphor bronze, aluminium, forged steel. |
Raw materials supplier Various Indian and international suppliers for metals and raw materials. |
Recurring vs cyclical contribution Revenue is largely order-driven with a mix of recurring replacement business and cyclical project-based orders. |
Our industry position Among top Indian industrial gear manufacturers with strong technological edge and diversified sectoral presence. |
Financial highlights FY25 revenue ₹604.6 Cr, EBITDA ₹143.4 Cr, PAT ₹96 Cr, 13% revenue growth, 17% net profit increase, debt-free balance sheet. |
Geographical revenue split Approximately 90% revenue from India and 10% from Rest of the World. |
Order book - |
Whats driving growth Robust industrial demand, infrastructure investments, Make in India policies, automotive growth, and export opportunities. |
Our future plans Expand product range, increase institutional sales, invest in technology upgrades and sustain leadership in high-speed gearboxes. |
Our green promise Focused on sustainability aligning with customer green goals; leveraging eco-friendly manufacturing and quality certifications. |
Our people and values Employs over 500 engineers emphasizing talent development, succession planning, and corporate social responsibility. |
Key challenges ahead Raw material price volatility, maintaining competitive margins, market competition, and technological innovation pace. |
Interesting facts First Indian gear manufacturer with AS-9100D and IRIS certifications; built gearboxes tested beyond 100,000 RPM. |
Risks and strategy Mitigates risks via diversified sectors, customer engagement, technological upgrades, and prudent financial management. |
