Shanthi Gears Ltd. (SGL), a subsidiary of Tube Investments of India Ltd., is well positioned to benefit from India’s manufacturing transformation, driven by infrastructure investments, energy transition, industrial automation and global supply chain diversification.
In his letter to shareholders, Chairman M.A.M. Arunachalam said the structural changes in the economy were creating new opportunities for engineering companies with strong technology, quality, reliability and execution capabilities.
Capacity Expansion
Shanthi Gears has built expertise in gears, gearboxes and power transmission solutions over the past five decades, backed by manufacturing capabilities, a strong brand and long-standing customer relationships.
The company continues to invest in technology, process excellence, digital manufacturing and talent development to strengthen its competitive position and expand its market presence.
Highest ever investment
A key milestone during the year was the company’s highest-ever investment in plant and machinery.
The investment is expected to enhance manufacturing capacity, improve productivity, strengthen quality and meet the evolving requirements of customers across industries.
Growth Outlook
Arunachalam said the expanded manufacturing infrastructure, coupled with advanced engineering and digital capabilities, would position the company to tap opportunities in both domestic and international markets.
The company’s priorities include accelerating growth, enhancing customer value, improving operational agility, strengthening innovation and delivering superior returns to shareholders, he said.
He added that a strong recovery in order inflows, supported by a robust balance sheet, enhanced manufacturing capabilities and a skilled workforce, provides a solid foundation for the company’s next phase of growth.