What we do Shigan Quantum Technologies Ltd designs and manufactures alternate fuel systems including CNG, LNG, and Hydrogen kits, Fire Detection & Suppression Systems, and Surface Mount Technology equipment for diverse industries. |
Founded in 2,008 |
Market share Emerging leader in India's alternate fuel systems and electronic manufacturing services, benefiting from regulatory support and diversification into EV components. |
Problem solved Reduces reliance on fossil fuels and enhances safety by providing eco-friendly fuel systems and fire protection solutions, alongside efficient electronic manufacturing. |
Top clients or who we serve OEMs in heavy/light commercial vehicles, electronic manufacturers, and industrial sectors; serving B2B markets primarily. |
Key management Shishir Agrawal (Managing Director), Gagan Agrawal (Joint Managing Director), experienced leadership driving innovation and growth. |
Our journey and innovations Founded 2008, converted public 2021; diversified from alternate fuels to fire safety and SMT electronics, acquired subsidiaries to consolidate EMS/EV businesses. |
Where we operate Primarily India with a subsidiary in Singapore, targeting domestic and regional markets. |
Top products or what we offer Alternate Fuel Systems (CNG, LNG, Hydrogen kits), Fire Detection & Suppression Systems, Surface Mount Technology lines, EV components. |
Top brands - |
Raw materials needed Specialized materials for fuel kits and electronic components including metals, sensors, and electronic boards. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly recurring from manufacturing and system supplies with growing recurring demand due to regulatory mandates. |
Our industry position Strong foothold in alternate fuel systems and electronic manufacturing sectors, expanding into emerging EV ecosystem. |
Financial highlights FY 2024-25 revenue Rs. 211.8 Cr, Net Profit Rs. 8.7 Cr; steady growth supported by expanding product lines and acquisitions. |
Geographical revenue split - |
Order book - |
Whats driving growth Regulatory mandates on alternative fuels and fire safety, EV adoption, supply chain shifts in electronics, and strategic acquisitions. |
Our future plans Expand localization of Euro-VI emission tech, grow EV components segment, enhance SMT capacity, and explore foreign collaborations. |
Our green promise Focusing on eco-friendly fuel systems, emission reduction, and sustainable manufacturing practices aligned with ESG goals. |
Our people and values Commitment to workforce diversity, fair labor practices, safety, continuous training, and an inclusive, ethical workplace. |
Key challenges ahead Evolving emission norms, supply chain constraints, competitive EMS market, and scaling technology localization efforts. |
Interesting facts Implemented a fully automated SMT line; acquired Singapore subsidiary to unify EMS/EV portfolio. |
Risks and strategy Mitigating regulatory risks via tech upgrades, managing supply challenges, and strengthening R&D partnerships. |
