What we do Solitaire Machine Tools Ltd manufactures precision centerless grinding machines and loose spares, serving automotive, textile, steel, and bearing industries. |
Founded in 1,967 |
Market share Leading provider in India with expanding exports, especially to USA and Europe, holding strong market presence in centerless grinders. |
Problem solved Addresses high-precision grinding needs in manufacturing sectors, improving component quality and production efficiency. |
Top clients or who we serve Automobile, automobile ancillaries, textile machinery, steel, bearing industries; primarily B2B. |
Key management Mr. Hemandra Badani (Vice-Chairman & Managing Director), Mr. Harsh Badani (Joint Managing Director), Mr. Ashok J Sheth (Chairman). |
Our journey and innovations Since 1967, expanded manufacturing units, joint ventures with US and German firms; launched 5-Axis CNC grinders and solar power initiatives. |
Where we operate Primarily India with growing export markets in USA, Europe, Australia, South America, and Asia. |
Top products or what we offer Centerless grinders including CNC machines, micro centerless grinders, double disk grinders, and customized machining solutions. |
Top brands SMT Centerless Grinders - India market leader; CNC Retrofits; Micro Centerless Grinder; Double Disk Grinder. |
Raw materials needed Steel, high-grade alloys, electronic components for CNC systems. |
Raw materials supplier Local and international suppliers ensuring quality raw materials and components. |
Recurring vs cyclical contribution Revenue largely cyclical, linked to industrial manufacturing cycles, but with steady export orders providing recurring streams. |
Our industry position Well-established player in capital goods machinery sector; strong niche in centerless grinders with export growth. |
Financial highlights FY2025 sales Rs 225 Cr; net profit Rs 23.45 Cr; sales growth 8.7%; profit growth 37.5%. |
Geographical revenue split About 66% revenue from India, 34% from international markets (USA, Europe, others). |
Order book Order intake increased due to auto sector growth and participation in major trade shows. |
Whats driving growth Rising auto and engineering components demand, export expansion, technological advancements, and government manufacturing thrust. |
Our future plans Operationalizing new machining plant at Halol; expansion of SPM division for high productivity. |
Our green promise Installed solar power system at Chhani plant promoting renewable energy use. |
Our people and values 92 employees with focus on skill development, inclusive culture, and strong employee engagement. |
Key challenges ahead Supply chain fluctuations, competitive pressure, and adapting to evolving technology demands. |
Interesting facts 35+ years of CKD grinder exports to USA; collaboration with German firms to meet European standards. |
Risks and strategy Mitigating market cyclicality and raw material price volatility through diversified markets, innovation, and internal controls. |
