What we do Sharda Motor Industries Ltd manufactures and assembles automotive components including exhaust systems, catalytic converters, suspension systems, sheet metal, and plastic parts. |
Founded in 1,986 |
Market share Holds ~30% market share in passenger vehicle & light commercial vehicle exhaust systems and ~12.5% in control arms in India. |
Problem solved Provides advanced emission control and lightweight automotive components addressing pollution norms and vehicle efficiency needs. |
Top clients or who we serve Serves major automobile and electronics OEMs across passenger vehicles, commercial vehicles, tractors, and gensets; B2B focus. |
Key management Experienced leadership including Ajay Relan (MD), Kishan Parikh (Chairman), Navin Paul (Independent Director) with strong automotive and management backgrounds. |
Our journey and innovations Founded in 1986; diversified into exhaust, suspension, emissions R&D, and JV for EV battery systems; established plants across India. |
Where we operate Primarily India with export markets in USA, Europe; manufacturing in Chennai, Pune, Nashik, Sanand; development center in South Korea. |
Top products or what we offer Exhaust systems, catalytic converters, suspension assemblies, control arms, axle assemblies, emission control products, and battery packs for EVs. |
Top brands Sharda Motor operates under its own name with recognized innovations and patents in exhaust and suspension technologies. |
Raw materials needed Stainless steel, aluminized steel tubes, plastic materials, sheet metal used for manufacturing components. |
Raw materials supplier Suppliers not specified, but includes steel and component raw material vendors in India and globally. |
Recurring vs cyclical contribution Revenue largely recurring from long-term OEM contracts with moderate cyclicity linked to automotive sector demand. |
Our industry position Market leader in exhaust and suspension systems with growing presence in lightweighting and emission control segments, supported by robust R&D. |
Financial highlights FY24 revenue approx Rs. 2836 Crores; PAT Rs. 315 Crores; steady growth with EBITDA around 12%; consistent profitability growth year-on-year. |
Geographical revenue split Revenue mainly from India; increasing share from exports to North America and Europe in emission and genset components. |
Order book Significant orders in emission, lightweighting, and global business verticals with clients including leading PV and CV manufacturers. |
Whats driving growth Growth driven by tightening emission norms, expanding lightweighting demand, localization trends, and international market expansion. |
Our future plans Scaling lightweighting vertical, expanding exports, launching new emission products for BS7 and TREM V norms, pursuing M&A in powertrain agnostic segments. |
Our green promise Active sustainability initiatives including environmental conservation campaigns, pollution awareness, and CSR programs focused on health and education. |
Our people and values Over 1000 employees; culture of innovation, inclusion, and continuous improvement driven by strong leadership and employee engagement. |
Key challenges ahead Addressing supply chain volatility, meeting evolving emission regulations, increasing competition, and scaling export operations efficiently. |
Interesting facts Has filed 20 patents with 4 granted recently; established JV for EV battery pack production; received multiple industry quality awards. |
Risks and strategy Mitigates industry cyclicity and regulatory risks via diversified product portfolio, R&D investments, and strategic partnerships. |
