About
Basic Data Updated:
9 days agoSetco Automotive Limited, previously known as Gujarat Setco Clutch Limited, is a company that specializes in the production of clutches for Medium and Heavy Commercial vehicles (MHCV). The brand name under which these clutches are marketed is 'LIPE Clutches'. According to its credit rating report, the company is actively involved in this manufacturing process. It has a total of 5 manufacturing facilities, out of which 3 are located in India (Kalol, Alindra -Gujarat, Sitarganj -Uttarakhand), 1 in the United Kingdom (Haslingden - Lancashire), and 1 in the USA (Paris – Tennessee). These overseas facilities serve as assembling units for the company. Currently, SAL is responsible for meeting approximately 85% of the MHCV Original Equipment (OEM) demand in India. Apart from clutches, SAL also supplies hydraulics (pressure converters) and fully machined ferrous castings. The company holds certifications for IATF 16949, ISO 14001, and OHSAS 18001, ensuring its commitment to quality, environmental sustainability, and occupational health and safety.
Industry
Company Details
- Location
Panch Mahals, Gujarat, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
Products or Services related to Setco Automotive Limited
Clutch Components
Mechanical Clutches
Extruder Screw
Commercial Vehicle Clutch Parts
Financials of Setco Automotive Limited
Setco Automotive Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 49.28% decrease. The company also saw a substantial fall in profitability, with a 169.74% decrease in profit. The company's net worth observed a substantial decline by a decrease of 33.58%.
Corporate Structure
Unlock access to Setco Automotive's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Setco Automotive Limited
Unlock and access historical data on people associated with Setco Automotive, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (3)
HK
Harish Kiritbhai
Managing DirectorAppointment Date: 05-May-1982
Status: Current
HV
Hirenkumar Vala Company SecretaryAppointment Date: 01-Jan-2021
Status: Current
MS
Mr Singh CFOStatus: Current
Board Members(5)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 16 Sep 2021 | ₹215.00 Cr | Open |
Others Creation Date: 16 Sep 2021 | ₹350.00 Cr | Open |
Hdfc Bank Limited Creation Date: 26 Feb 2021 | ₹2.49 M | Open |
Deals i
Gain comprehensive insights into the Deals and Valuation data of Setco Automotive, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Setco Automotive's trajectory.
Rating
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Alert
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Recent activity within the organization
Annual General Meeting
Setco Automotive Limited last Annual general meeting of members was held on 27 Sep 2023 as per latest MCA records.
27 Sep 2023Balance Sheet
Setco Automotive Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
31 Mar 2023Charges
A charge with Others amounted to Rs. 215.00 cr with Charge ID 100510952 was registered on 16 Sep 2021.
16 Sep 2021Charges
A charge with Others amounted to Rs. 350.00 cr with Charge ID 100551706 was registered on 16 Sep 2021.
16 Sep 2021Charges
A charge registered on 28 Oct 2016 via Charge ID 100062310 with Others was fully satisfied on 08 Sep 2021.
08 Sep 2021
Recent News, Updates & Announcement
Setco Automotive Acquires Lava Cast for Rs 770 Crore Plans European Expansion with Rs 300 Crore Investment in Clutch Production.Setco Automotive bought Lava Cast for Rs 770 crore They want to expand to Europe and invest Rs 300 crore to make more clutches They already have 85 of the Indian market and make clutches for tractors too.
ETAuto 11 Apr 2019
- Clutchmaker Setco plans Rs 300 cr investment to up capacity.
The Mumbaibased auto componentsmaker which claims to enjoy 85 percent market share in the domestic MHCV clutch segment also expects to grow at about 20 percent in FY20 .
PTI 02 Apr 2019
- Setco Automotive announces resignation of company secretary.
Business Standard 17 Sep 2018
- Setco Automotive announces change in status of holding company Setco Engineering.
Business Standard 27 Mar 2018
Frequently asked questions
What is the Incorporation or founding date of Setco Automotive Limited?
