Harsha Engineers International IPO

Harsha Engineers International Ltd. is the largest manufacturer of precision bearing cages, in terms of revenue, in the organised sector in India, as well as the leading manufacturers of precision bearing cages in the world. (Source: CARE Advisory Report). The business comprises of

1. Engineering (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings;
2. Solar EPC business, consisting of comprehensive turnkey solutions to all solar photovoltaic requirements.

The company is highly technology driven with a team of 253 qualified engineers (including solar EPC business) as of March 31, 2022, along with decades of experience in bearing cages engineering. They hold approximately 50-60% of the market share in the organised segment of the Indian bearing cages market and 6.5% of the market share in the global organised bearing cages market for brass, steel and polyamide cages in CY 2021 (Source: CARE Advisory Report), offering a wide range of bearing cages with application in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, renewables sectors etc.

We have four strategically located manufacturing facilities for our engineering business with one of our principle manufacturing facilities at Changodar, one at Moraiya near Ahmedabad in Gujarat in India, one manufacturing unit each at Changshu in China, and another in Ghimbav Brasov in Romania.

The company’s presence in these strategic locations helps to penetrate global markets more efficiently and in a cost effective manner, thus allowing access to customers, where products are supplied to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America and Africa.