About Sharda Motor Industries Limited

Sharda Motor Industries Limited (SMIL) was incorporated on January 29, 1986 and is listed on the BSE and NSE. The company is primarily engaged in manufacturing and assembly of auto components including exhaust systems, catalytic converters, suspension systems and sheet metal components, and is a ‘Tier I’ vendor to major automobile and electronics OEMs, with manufacturing facilities across multiple Indian states. SMIL serves both domestic and international markets and operates a state-of-the-art R&D centre at Mahindra World City, Chennai, alongside a design and development centre in Namyang, South Korea. As of March 31, 2025, the company operates across 4 states with 8 manufacturing units; plant locations include Chakan (Pune), Chennai, Nashik and Sanand, with the corporate office in New Delhi. The company has 1 subsidiary as on March 31, 2025. 

Sharda Motor Industries Limited Milestone 

Key milestones include: foray into exhaust systems (1998); R&D unit for exhaust systems (2002) and emission control systems (2010); first in-house development of Cold End & Hot End system (2013); entry into tractor emission systems (2016); joint venture with Purem, Germany (2019); BS6 products SOP (2020); establishment of a Global Business Vertical and grant of 3 patents (2024); and the launch of a Lightweighting Vertical with Plant-III at Chakan (2025).

Sharda Motor Industries Limited Business Segments

• The company reports one accounting segment—manufacturing, assembling and trading of automobile components.
• End-user vehicle segment contribution to consolidated revenue: Passenger Vehicles 55%; Commercial Vehicles 40%; Others 5% .

Sharda Motor Industries Limited Key Management

• Kishan N Parikh – Chairperson
• Ajay Relan – Managing Director
• Aashim Relan – Chief Executive Officer
• Ghan Shyam Dass – Chief Financial Officer
• Nitin Vishnoi – Executive Director & Company Secretary

Latest Updates on Sharda Motor Industries Limited

• Corporate actions: The company completed a buyback of 10,27,777 equity shares (3.46% of total equity) at Rs 1,800 per share for an aggregate consideration of Rs 18,499.98 Lakh, reducing paid-up share capital to Rs 5,74,07,706 as on June 28, 2024. After year end, it issued 1:1 bonus equity shares, increasing paid-up capital to Rs 11,48,15,412.
• Strategic developments: In 2024, SMIL established a Global Business Vertical and secured 3 patents; in 2025, it launched a Lightweighting Vertical and set up Plant-III at Chakan.
• Market and collaboration: The Emission Control vertical caters to both domestic and international customers, supported by a joint venture with Purem (formerly Eberspächer).
• Performance commentary: The Managing Director noted that in FY 2024–25 PAT and EBITDA increased by 5% and 10%, respectively, and the company maintained a zero-debt position.
• Recognitions: Recent awards include the Sustainability Champion Award (2025), Platinum Award for Continuous Improvement & Poka Yoke (2025), and multiple quality and kaizen accolades in 2024–2025.
• Credit profile: CRISIL reaffirmed credit ratings of ‘AA- / Stable’ (long-term) and ‘A1+’ (short-term) for working capital facilities in April 2025.