About IndoShell
IndoShell is a Transportation, Automotive & Logistics company based in Coimbatore (India) founded in 1973 by Krishnaswamy Jagadeesan. IndoShell has raised $3.52 million across 2 funding rounds from investors including Piramal Group and SIDBI Venture Capital. The company has 75 employees. IndoShell was last valued at $17.65 million in March 2006. Its focus areas include Auto, Auto Components and Multi Category. Its competitors include UNO Minda and Rane Group; 1 of its 2 listed competitors has raised funding.
Company details
Manufacturer of ferrous and non-ferrous castings and machined components. This company provides a complete in-house solution encompassing shell molding, green sand molding, centrifugal casting, and investment casting processes. Services extend to precision machining, encompassing CNC turning, VNC, HMC, honing, and lapping. The firm produces assembled components for diverse industries, including automotive, hydraulics, and aerospace. A focus on continuous improvement drives efforts towards zero defects, waste, and breakdowns.
- Headquarters Coimbatore, India
- Employees 75
- Founders Krishnaswamy Jagadeesan
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Phone•••• ••••
- Website indoshell.com
- Social X
- Annual Revenue$35.01 M (USD)17as on Mar 31, 2023
- Net Profit$12.95 M (USD)209as on Mar 31, 2023
- EBITDA$15.59 M (USD)343as on Mar 31, 2023
- Total Equity Funding$3.52M (USD)
in 2 rounds
- Latest Funding Round$44.92M (USD), Debt – Conventional
Mar 2017
- InvestorsPiramal Group
& 1 more
- Employee Count75
Associated legal entities of IndoShell
IndoShell is associated with 4 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indo Shell Mould Limited CIN U27310TZ1995PLC006101 | Active | 03 May 1995 | Coimbatore, Tamil Nadu | ₹138 Cr | 5 | View details | |
| Ipg Mouldtech India Private Limited CIN U24319TZ2004PTC011346 | Active | 16 Sep 2004 | Coimbatore, Tamil Nadu | ₹66.0 Cr | 116 | 5 | View details |
| Indo Shell Technologies Private Limited CIN U27320TZ2017PTC028715 | Active | 28 Mar 2017 | Coimbatore, Tamil Nadu | 3 | View details | ||
| Indo Shell Private Limited CIN U74899TZ1972PTC031192 | Active | 09 Feb 1972 | Coimbatore, Tamil Nadu | 93 | 2 | View details |
Funding Insights of IndoShell
IndoShell has successfully raised a total of $3.52M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $44.92 million completed in March 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.52M
- Total Rounds 2
- Last Round Debt – Conventional — $44.92M
- First Round $3.52M
(Mar 2006)
- Investors Count 2
All 2 funding rounds of IndoShell with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2017 | $44.92M | Debt – Conventional | – | – | |
| Mar 2006 | $3.52M | Series A | $17.65M | SIDBI Venture Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2006 | $17.65M | •••••••• |
Last known valuation $17.65M (Mar 2006). 2 investors in total: 2 institutional.
Investors in IndoShell
IndoShell has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Piramal Group and SIDBI Venture Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital management for SMEs and startups in India. | 1999 | sidbiventure.co.in | Mumbai, India | |
Multinational conglomerate with diverse interests in Pharma, Financial Services and Real Estate | 1984 | piramal.com | Mumbai, India |
Investor details for IndoShell
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Board of directors of IndoShell
The boards of the 4 registered companies of IndoShell currently have 7 directors; the longest-serving is Krishnaswamy Jagadeesan, appointed in 1995. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Krishnaswamy Jagadeesan DIN 01758194 | Managing Director | 03 May 1995 | 31 yrs 5 mo | Indo Shell Mould Limited, Indo Shell Technologies Private Limited |
| Balaji Jagadeesan DIN 01758199 | Managing Director | 21 Aug 1998 | 28 yrs 2 mo | Indo Shell Mould Limited, Indo Shell Private Limited, Ipg Mouldtech India Private Limited, Indo Shell Technologies Private Limited |
| Jagadeesan Rajesh DIN 01758216 | Managing Director | 05 Mar 2001 | 25 yrs 7 mo | Indo Shell Mould Limited, Indo Shell Private Limited, Ipg Mouldtech India Private Limited, Indo Shell Technologies Private Limited |
| Ponnuchamy Achari Palanichamy DIN 06371687 | Director | 05 Sep 2012 | 14 yrs 1 mo | Indo Shell Mould Limited |
| Seshnath Balasubramanian DIN 00055948 | Director | 04 Feb 2023 | 3 yrs 8 mo | Ipg Mouldtech India Private Limited |
| Fabio Marasi DIN 09256698 | Director | 08 Jun 2023 | 3 yrs 4 mo | Ipg Mouldtech India Private Limited |
| Girish Manohar Garud DIN 01031094 | Director | 08 Jun 2023 | 3 yrs 4 mo | Ipg Mouldtech India Private Limited |
People of IndoShell
1 people are tracked at IndoShell (1 in leadership); the tracked headcount is 75.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for IndoShell
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Financials of IndoShell
Figures of Indo Shell Mould Limited, the primary company behind IndoShell, for FY 2024. Revenue was ₹138 Cr (-51% year on year). Net loss was -₹17.24 Cr (-12% margin). EBITDA was ₹12.43 Cr (9% margin). Revenue has grown at a compounded annual rate of -9% over three years and -19% over five years.
- ₹138 CrRevenue · FY 2024 · -51% YoY
- -₹17.24 CrNet loss · -12% margin
- ₹12.43 CrEBITDA · 9% margin
- ₹12.45 CrPaid-up capital
- -9%Revenue CAGR, 3 years
- -19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Indo Shell Mould Limited are on its company page.
Detailed financial statements for IndoShell
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of IndoShell
4 dated milestones of IndoShell across 44 years, from founding to its latest funding, stage changes and deals.
- Founded IndoShell is founded.
- Funding First funding round of $3.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional, of $44.9M.
Competitors of IndoShell
IndoShell has 2 listed competitors in our database, 1 of them funded. They include UNO Minda and Rane Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| unominda.com | 1958 | Gurugram, India | $259.53M | 2,509 | Manufacturer and supplier of major auto components to OEMs and tier 1 companies | |
| ranegroup.com | 1929 | Chennai, India | 172 | Major auto components are manufactured and supplied to OEMs. |
Detailed competitors of IndoShell
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Top companies in Automotive Manufacturing & Components
3 companies that operate in the same segment as IndoShell (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electrical and electronic parts for automobiles are provided by SEDEMAC. | 2007 | Pune, Maharashtra, India | USD 26.22 M | USD 32.69 M | 415 | |
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles | 1994 | Mumbai, Maharashtra, India | USD 137.89 M | USD 17.06 B | 33,980 | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | USD 34.18 M | 177 |
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Related news about Indoshell
Complete news archive for IndoShell
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Frequently Asked Questions about IndoShell
IndoShell was founded in 1973 and raised its 1st funding round 33 years after it was founded.
IndoShell is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
IndoShell is a funded company, having raised a total of $3.52M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.52M, raised on Mar 2006.
IndoShell has 75 employees.
Annual revenue of IndoShell is $35.01M as on Mar 31, 2023.
Manufacturer of ferrous and non-ferrous castings and machined components. This company provides a complete in-house solution encompassing shell molding, green sand molding, centrifugal casting, and investment casting processes. Services extend to precision machining, encompassing CNC turning, VNC, HMC, honing, and lapping. The firm produces assembled components for diverse industries, including automotive, hydraulics, and aerospace. A focus on continuous improvement drives efforts towards zero defects, waste, and breakdowns.
IndoShell's top competitors include UNO Minda and Rane Group.
IndoShell has 2 investors. Key investors include Piramal Group, and SIDBI Venture Capital.
The valuation of IndoShell is $17.65M as of Mar 2006.
IndoShell is associated with 4 legal entities: Indo Shell Mould Limited, Indo Shell Private Limited, Ipg Mouldtech India Private Limited and others.
The legal entities of IndoShell currently have 8 directors, including Balaji Jagadeesan, Krishnaswamy Jagadeesan, Jagadeesan Rajesh and others.