Shanthi Gears, a subsidiary of Tube Investments of India, is a pioneer in gear manufacturing and ranks amongst India's top gear manufacturers today. For over four decades, Shanthi Gears has been the preferred name for gear and gearbox solutions for some of the biggest names in the industry. Shanthi Gears traces its rich heritage of engineering back to 1960, when P. Subramanian, an engineer himself, laid the foundation with a modest small gear manufacturing unit in the town of Coimbatore.
We are an Industrial Gearing Solutions Company. We design and manufacture Gears, Gearboxes, Geared Motors, and Gear Assemblies using our contemporary integrated manufacturing facilities. Spanning over four decades of manufacturing excellence, we are now part of the Murugappa Group (since 2013), which has opened up enormous possibilities to explore new frontiers in technology, capabilities, product segments, and markets.
Shanthi Gears Limited designs, manufactures, supplies, and services gears and gearboxes in India, the United States, Europe, and internationally. The company provides helical and bevel helical, worm, extruder, and cooling tower gearboxes, as well as geared motors. It also offers gears and pinions; special gearboxes; and iron, iron castings, phosphor bronze, aluminum bronze, leaded bronze, and copper alloy castings. In addition, the company provides installation support, refurbishment, and on-site services.
Shanthi offers a wide range of custom-built gearboxes manufactured to meet your specific application's power transmission needs. The products in this series are Gears & Pinions and Special Purpose Gearboxes. The company derives 50% of its business from executing special orders, i.e., custom-made gears.
Its products are used in steel, cement, sugar, crane and material handling, power, paper, rubber and plastics, off-highway and mining, process, compressor, railway, textile, and aerospace applications. Shanthi Gears, which began as a maker of gears for textile machinery, now produces gears for industries as diverse as process, power, steel, cement, sugar, and aviation. The product range extends from gears for simple applications such as hand-driven jacks to high-tech gears for supersonic jet aircraft.
Shanthi Gears has invested immense efforts and resources in developing and maintaining highly advanced and technologically upgraded infrastructure. Anchored by a workforce of 600 highly skilled employees, we have introduced the latest concepts and technology in our manufacturing facilities. The high-end manufacturing facility includes plants equipped with modern machinery to manufacture high-performance products, meeting customer specifications and requirements. The sophisticated heat treatment facilities and full-fledged inspection equipment give us an edge in the market.
SGL has state-of-the-art facilities for manufacturing patterns, centrifugal castings of phosphor bronze rings, ferrous castings, aluminum castings, heat treatment, forgings, fabrications, and cutter manufacturing, backed by ultra-modern metrology equipment to meet Quality Standards. SGL holds the prestigious ISO 9001:2000 certification, and other certifications include AS9100B, AS9100C, AGMA, etc. It has 6 plants located around the textile city, Coimbatore, South India. SGL caters to various industries like Automotive, Process Industries, Light & Heavy Engineering, Cement to Marine, etc.
Market Cap: ₹3,867 Cr (as of March 2025)
Shanthi Gears reports FY25 audited results: 19% PBT growth, 75% free cash flow growth, final dividend Rs.2/share. Shanthi Gears reported a 12.54% decline in standalone net profit to Rs 22.46 crore for Q4 FY2025, despite a 16.75% increase in annual net profit to Rs 96.03 crore. Sales also fell slightly by 0.28% in the quarter but rose 12.79% for the full year.
Key Financial Metrics (as of March 2025):
- Revenue: ₹153.21 Cr (Q1 2025)
- Net Profit: ₹22.46 Cr (Q1 2025)
- Profit Growth: Delivered good profit growth of 31.0% CAGR over the last 5 years.
- Debt: Company is almost debt-free.
Tube Investments of India Ltd, the flagship company of the Murugappa Group, holds a 70.46% stake in Shanthi Gears. The 124-year-old Murugappa Group, with a turnover of ₹77,881 Cr, has a global presence across sectors like agriculture, engineering, finance, abrasives, electro minerals, EVs, auto components, fans, and transformers. The chairman of Shanthi Gears Limited is M. A. M. Arunachalam.
In 2016-17, the Company launched a program titled "Connect 2016." In 2022-23, it expanded to encompass institutional sales and business services, diversifying its portfolio and strengthening market presence. It built credentials to manufacture and test gearboxes at speeds exceeding 1 Lakh RPM, which created a significant milestone in the gearbox industry.
The company continues to strengthen its market position through technological innovation and strategic expansion of its product portfolio while maintaining its commitment to quality and customer satisfaction across diverse industrial applications.
