India's Richest People 2026 edition · 1 director · Source: Hurun India
- #513 M A M Arunachalam & family ₹6,800 Cr
Market Cap
₹3,768 Cr
SHANTIGEAR · NSE
Share Price
₹469.10
-4.50% today
Revenue
₹519 Cr
FY 2025-26 · -14.2% YoY
EBITDA
₹99.49 Cr
Margin 19.2%
Net Profit
₹80.07 Cr
FY 2025-26 · -16.5% YoY
P/E (TTM)
21.0x
P/B 3.6x
ROE
18.2%
ROCE 24.2%
Authorised capital
₹10 Cr
Registered with MCA
About Shanthi Gears Limited
Data last updated:
Shanthi Gears Limited is a public limited company based in Coimbatore, Tamil Nadu, India, a subsidiary of Tube Investments Of India Limited. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 01 July 1972 and has been in existence for over 54 years.
Its director M A M Arunachalam and family are #513 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN L29130TZ1972PLC000649. Its GSTIN is 33AADCS0692L1Z7 (Tamil Nadu). The company holds 5 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 522034 and NSE: SHANTIGEAR.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.67 Cr. It was formerly known as Shanthi Gears Private Limited and Shanthi Gear Products Ltd. It is led by directors including Muthusamy Karunakaran (Whole-Time Director) and M A M Arunachalam.
Its last annual general meeting (AGM) was held on 30 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 304A Trichy Road Singanallur, Coimbatore, Tamil Nadu, India – 641005.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹518.72 Cr, a decline of 14.2% compared to the previous year. For the same year it recorded a net profit of ₹80.07 Cr (net margin 15.4%) and EBITDA of ₹99.49 Cr (EBITDA margin 19.2%). The net worth stands at ₹440.06 Cr (up 9.2% YoY). Total assets are valued at ₹447.97 Cr (up 10.9% YoY).
The company has about 813 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Shanthi Social Services and Shanthi Gears. As per MCA filings, the company has satisfied charges of ₹170.2 Cr on record. Court records list 42 cases involving the company, including 24 filed by the company and 19 filed against it; 4 cases are pending. The company has 24 deals on record (22 market trades, 1 buyback, 1 acquisition); the latest was in April 2019. Its 5 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 2 smaller; the largest is Nuberg Engineering Limited with revenue of ₹580.02 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 350 overdue payments to 180 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shanthigears.com.
Company details
CIN L29130TZ1972PLC000649
Registration Number 000649
Incorporation Date 01 July 1972
ROC Coimbatore
Listing Status Listed - Listed on NSE (SHANTIGEAR); Listed on BSE (522034)
Company Status Active
Date of Last AGM 30 July 2025
Date of Balance Sheet 31 March 2026
Parent Company Tube Investments Of India Limited
Compliance Status Active Compliant
Name history
Shanthi Gears has undergone 3 name changes throughout its history. The company was previously known as Shanthi Gears Private Limited, Shanthi Gear Products Ltd, and Shanthi Gear Products Pvt Ltd. The current legal name is Shanthi Gears Limited.
| Company Name | Status |
|---|---|
| Shanthi Gears Limited | Current |
| Shanthi Gears Private Limited | Previous |
| Shanthi Gear Products Ltd | Previous |
| Shanthi Gear Products Pvt Ltd | Previous |
Key People
Muthusamy Karunakaran Whole-Time Director M A M Arunachalam Director Venkataramani Anantharamakrishnan Director Recognitions & Rankings of Shanthi Gears
Contact details
Shanthi Gears Limited's registered office is in Coimbatore, Tamil Nadu. Its website is shanthigears.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address304A Trichy Road Singanallur, Coimbatore, Tamil Nadu, India – 641005
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Shanthi Gears Limited, buy the company report.
Comprehensive company report
Shanthi Gears Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Shanthi Gears operates two associated brands: Shanthi Social Services and Shanthi Gears. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Foundation focused on educational, medical, and other day to day needs to poor people | shanthisocialservices.org | |
| Manufacturer and supplier of standard and customizable gearboxes and power transmission products | shanthigears.com |
Business activity
The main business activity of Shanthi Gears is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Shanthi Gears Limited, buy the company report.
Financials of Shanthi Gears Limited
FY 2025-26 filings availableShanthi Gears Limited reported revenue of ₹518.72 Cr (down 14.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹519 Cr
-14.2% YoY
EBITDA
₹99.49 Cr
-23.0% YoY
Profit After Tax
₹80.07 Cr
-16.5% YoY
Net Worth
₹440 Cr
+9.2% YoY
Total Assets
₹448 Cr
+10.9% YoY
Total Debt
Nil
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 519 | 605 | 536 | 446 | 337 | 216 | 242 |
| Revenue growth | -14.2% | +12.8% | +20.3% | +32.2% | +56.4% | -11.0% | - |
| EBITDA | 99.49 | 129 | 102 | 90.20 | 60.29 | 26.89 | 34.74 |
| EBITDA margin | +19.2% | +21.4% | +19.1% | +20.2% | +17.9% | +12.5% | +14.3% |
| Profit before tax | 103 | 130 | 110 | 90.19 | 58.73 | 26.07 | 32.69 |
| Net profit | 80.07 | 95.94 | 80.93 | 66.90 | 42.38 | 20.02 | 24.94 |
| Net profit margin | +15.4% | +15.9% | +15.1% | +15.0% | +12.6% | +9.3% | +10.3% |
| EPS (₹) | 9.99 | 12.52 | 10.72 | 8.74 | 5.54 | 2.63 | 3.28 |
| Balance sheet | |||||||
| Total assets | 448 | 404 | 346 | 303 | 261 | 240 | 230 |
| Net worth | 440 | 403 | 345 | 302 | 260 | 237 | 229 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 75.21 | 64.76 | 7.91 | 90.08 | 67.36 | 56.26 | 1.99 |
| Net working capital | 227 | 211 | 206 | 158 | 131 | 108 | 70.77 |
| Cash flow | |||||||
| Cash from operations | 70.10 | 90.87 | 36.38 | 62.95 | 35.01 | 30.72 | 55.58 |
| Cash from investing | (45.30) | (38.08) | (12.30) | (26.17) | (16.48) | (18.30) | 24.17 |
| Cash from financing | (38.47) | (38.44) | (38.52) | (23.01) | (19.18) | (11.51) | (97.74) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 128 | 115 | 135 | 117 | 132 | 135 | 153 | 158 |
| Revenue growth (YoY) | -3.0% | -14.4% | -11.8% | -25.8% | -14.9% | -2.8% | - | - |
| Other income | 3.10 | 4.16 | 5.85 | 4.07 | 5.94 | 3.77 | 4.01 | 3.89 |
| Total expenses | 105 | 100 | 114 | 95.39 | 105 | 104 | 122 | 123 |
| EBITDA | 22.70 | 15.18 | 20.67 | 21.43 | 26.52 | 30.51 | 30.97 | 34.95 |
| EBITDA margin | +17.7% | +13.1% | +15.3% | +18.3% | +20.1% | +22.6% | +20.2% | +22.2% |
| Depreciation | 5.48 | 5.06 | 4.71 | 3.91 | 3.78 | 3.66 | 3.57 | 3.41 |
| Interest | 0.11 | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 20.21 | 14.17 | 21.81 | 21.59 | 28.68 | 30.62 | 31.41 | 35.43 |
| Tax | 4.49 | 4.32 | 5.54 | 5.40 | 7.17 | 7.93 | 8.95 | 9.15 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 128 | 115 | 135 | 117 | 132 | 135 | 153 | 158 |
| Revenue growth (YoY) | -3.0% | -14.4% | -11.8% | -25.8% | -14.9% | -2.8% | - | - |
| Other income | 3.10 | 4.16 | 5.85 | 4.07 | 5.94 | 3.77 | 4.01 | 3.89 |
| Total expenses | 105 | 100 | 114 | 95.39 | 105 | 104 | 122 | 123 |
| EBITDA | 22.70 | 15.18 | 20.67 | 21.43 | 26.52 | 30.51 | 30.97 | 34.95 |
| EBITDA margin | +17.7% | +13.1% | +15.3% | +18.3% | +20.1% | +22.6% | +20.2% | +22.2% |
| Depreciation | 5.48 | 5.06 | 4.71 | 3.91 | 3.78 | 3.66 | 3.57 | 3.41 |
| Interest | 0.11 | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 20.21 | 14.17 | 21.81 | 21.59 | 28.68 | 30.62 | 31.41 | 35.43 |
| Tax | 4.49 | 4.32 | 5.54 | 5.40 | 7.17 | 7.93 | 8.95 | 9.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 519 | 605 | 536 | 446 | 337 | 216 | 242 |
| Revenue growth | -14.2% | +12.8% | +20.3% | +32.2% | +56.4% | -11.0% | - |
| Other income | 19.63 | 14.66 | 21.06 | 11.24 | 9.05 | 8.28 | 6.53 |
| Total expenses | 419 | 475 | 434 | 355 | 277 | 189 | 208 |
| Employee cost | 78.68 | 81.69 | 76.83 | 71.15 | 56.91 | 46.14 | 48.23 |
| EBITDA | 99.49 | 129 | 102 | 90.20 | 60.29 | 26.89 | 34.74 |
| EBITDA margin | +19.2% | +21.4% | +19.1% | +20.2% | +17.9% | +12.5% | +14.3% |
| Depreciation | 16.06 | 13.30 | 13.21 | 10.88 | 10.37 | 8.86 | 8.39 |
| Interest | 0.36 | 0.44 | 0.52 | 0.37 | 0.24 | 0.24 | 0.19 |
| Profit before tax | 103 | 130 | 110 | 90.19 | 58.73 | 26.07 | 32.69 |
| Tax | 26.04 | 34.06 | 27.39 | 23.14 | 16.26 | 5.90 | 7.50 |
| Net profit | 80.07 | 95.94 | 80.93 | 66.90 | 42.38 | 20.02 | 24.94 |
| Net profit margin | +15.4% | +15.9% | +15.1% | +15.0% | +12.6% | +9.3% | +10.3% |
| EPS (₹) | 9.99 | 12.52 | 10.72 | 8.74 | 5.54 | 2.63 | 3.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 7.67 | 7.67 | 7.67 | 7.67 | 7.67 | 7.67 | 7.67 |
| Reserves & surplus | 432 | 395 | 338 | 295 | 252 | 229 | 221 |
| Shareholders' funds (net worth) | 440 | 403 | 345 | 302 | 260 | 237 | 229 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 448 | 404 | 346 | 303 | 261 | 240 | 230 |
| Assets | |||||||
| Gross block | 217 | 178 | 158 | 157 | 143 | 143 | 120 |
| Net block | 106 | 79.06 | 72.15 | 70.24 | 65.96 | 74.02 | 59.77 |
| Capital work in progress | 25.79 | 4.90 | 4.10 | 2.03 | 3.19 | 0.03 | 6.37 |
| Investments | 75.49 | 88.49 | 45.31 | 57.31 | 50.13 | 46.85 | 79.32 |
| Inventories | 113 | 80.40 | 85.23 | 66.60 | 64.13 | 78.14 | 60.84 |
| Sundry debtors | 116 | 137 | 118 | 68.12 | 72.27 | 47.32 | 38.19 |
| Cash & bank balances | 75.21 | 64.76 | 7.91 | 90.08 | 67.36 | 56.26 | 1.99 |
| Loans & advances | 30.66 | 29.27 | 91.55 | 7.46 | 7.19 | 11.63 | 22.62 |
| Total current assets | 334 | 312 | 303 | 232 | 211 | 193 | 124 |
| Total current liabilities | 108 | 100 | 97.00 | 74.25 | 79.95 | 85.81 | 52.87 |
| Net working capital | 227 | 211 | 206 | 158 | 131 | 108 | 70.77 |
| Total assets | 448 | 404 | 346 | 303 | 261 | 240 | 230 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 15.00 | 0.65 | 15.09 | 1.32 | 1.97 | 1.06 | 19.05 |
| Net cash from operating activities | 70.10 | 90.87 | 36.38 | 62.95 | 35.01 | 30.72 | 55.58 |
| Net cash from investing activities | (45.30) | (38.08) | (12.30) | (26.17) | (16.48) | (18.30) | 24.17 |
| Net cash from financing activities | (38.47) | (38.44) | (38.52) | (23.01) | (19.18) | (11.51) | (97.74) |
| Net change in cash | (13.67) | 14.35 | (14.44) | 13.77 | (0.65) | 0.91 | (17.99) |
| Closing cash | 75.21 | 64.76 | 7.91 | 90.08 | 67.36 | 56.26 | 1.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -14.2% | +12.8% | +20.3% | +32.2% | +56.4% | -11.0% | - |
| EBITDA growth | -23.0% | +26.3% | +13.4% | +49.6% | +124.2% | -22.6% | - |
| PBT growth | -21.1% | +18.7% | +21.6% | +53.6% | +125.3% | -20.3% | -23.0% |
| Net income growth | -16.5% | +18.6% | +21.0% | +57.9% | +111.7% | -19.7% | - |
| Revenue CAGR (3Y) | +5.2% | +21.5% | +35.5% | +22.5% | +11.7% | +0.2% | +9.6% |
| EBITDA CAGR (3Y) | +3.3% | +28.9% | +56.1% | +37.4% | +13.3% | -10.1% | -0.9% |
| Profitability & leverage | |||||||
| Net income margin | +14.8% | +15.9% | +15.3% | +15.1% | +12.6% | +9.4% | +10.4% |
| Return on capital employed | +24.2% | +34.8% | +34.0% | +32.1% | +23.6% | +11.2% | +12.4% |
| Return on net worth | +18.2% | +25.7% | +25.4% | +23.9% | +17.1% | +8.7% | +9.5% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.43 | 0.38 | 0.58 | 0.47 | 0.48 | 1.33 | 0.72 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.63 | 3.60 | 3.40 | 2.97 | 2.36 | 1.64 | 2.07 |
| Inventory turnover | 5.37 | 7.30 | 7.06 | 6.82 | 4.74 | 3.10 | 3.70 |
| Debtors turnover | 4.10 | 4.74 | 5.76 | 6.35 | 5.64 | 5.04 | 5.12 |
| EPS (₹) | 9.99 | 12.52 | 10.72 | 8.74 | 5.54 | 2.63 | 3.28 |
| Dividend per share (₹) | 5.00 | 5.00 | 5.00 | 5.00 | 2.50 | 1.50 | 2.00 |
| Book value per share (₹) | 57.37 | 52.54 | 45.02 | 39.42 | 33.89 | 30.92 | 29.81 |
To see the full year-wise statements and ratios of Shanthi Gears Limited, buy the company report.
Board of directors of Shanthi Gears Limited
Shanthi Gears has 8 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| M A M Arunachalam Also directs: M.A.Murugappan Holdings LLP, Tube Investments of India Limited, Cholamandalam Investment and Finance Company Limited and 5 more | Director | 10 Feb 2021 | 5 Years 8 Months | Current |
| Muthusamy Karunakaran | Whole-Time Director | 21 Jul 2021 | 5 Years 3 Months | Current |
| Venkataramani Anantharamakrishnan | Director | 09 May 2024 | 2 Years 5 Months | Current |
| Mukesh Ahuja Also directs: Tube Investments of India Limited, Ti Medical Private Limited, Ti Clean Mobility Private Limited and 5 more | Director | 22 Oct 2021 | 5 Years 0 Months | Current |
| Arun Venkatachalam Also directs: Mavnu Investments Private Limited, Mavsky Enterprises Private Limited, Mavco Investments Private Limited and 3 more | Director | 09 May 2023 | 3 Years 5 Months | Current |
| Sangampalayam Kandasami Sundararaman | Director | 06 Feb 2018 | 8 Years 8 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Shanthi Gears Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nuberg Engineering Limited | ₹580.02 Cr (FY 2025) | 22.0% | Delhi, India | |||
| Walvoil Fluid Power (India) Private Limited | ₹562.93 Cr (FY 2025) | 1.0% | Bangalore, Karnataka, India | |||
| Emm Ess Aircon Pvt.Ltd. | ₹557.6 Cr (FY 2025) | 62.0% | Gurgaon, Haryana, India | |||
| Autometers Alliance Limited | ₹553.36 Cr (FY 2025) | 35.0% | New Delhi, Delhi, India | |||
| Spirotech Heat Exchangers Private Limited | ₹552.58 Cr (FY 2025) | 29.0% | Ghaziabad, Uttar Pradesh, India | |||
| Shanthi Gears Limitedthis company | ₹518.72 Cr (FY 2026) | ₹80.07 Cr | 15.4% | -14.2% | 813 | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Shanthi Gears Limited, buy the company report.
Auditor
Shanthi Gears Limited is audited by Deloitte Haskins & Sells for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells | FY 2023 | 008072S |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 70.50%, foreign institutional investors hold 3.10%, domestic institutional investors hold 0.30% and retail and other public shareholders hold 26.20%.
Sep 2026
QUARTER
70.50% Promoters
0.30% DII (Domestic Institutional)
3.10% FII (Foreign Institutional)
26.20% Retail & Others
Promoter holding - history
Now 70.50% · Sep 2026High 70.50% · Dec 2025Low 70.50% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 70.50% | 70.50% | 70.50% | 70.50% |
| Public | 29.50% | 29.50% | 29.50% | 29.50% |
Charges & borrowings
Open charges
None
Satisfied charges
₹170.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Nov 2009 | 10189301 | Idbi Bank Limited | ₹10 Cr | Satisfied | |
| 29 Mar 2007 | 10045698 | Icici Bank Limited | ₹25 Cr | Satisfied | |
| 05 Oct 2006 | 10022234 | State Bank of Hyderabad | ₹15 Cr | Satisfied | |
| 20 Jul 2006 | 10011749 | Hdfc Bank Limited | ₹10 Cr | Satisfied | |
| 10 Jul 2005 | 80036031 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Lakh | Satisfied |
To see the full charge records of Shanthi Gears Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Shanthi Gears Limited has 24 deals on record (22 market trades, 1 buyback, 1 acquisition); the latest was in April 2019.
Total deals
24
Market trades
22
Buyback
1
Acquisition
1
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Buyback | ₹70 Cr | Seller: an individual |
| Jan 2015 | Market trade | ₹19.35 Cr | Buyer: Sbi Funds Management Pvt Ltd A/C Sbi Small & Midcap Fund, Sbi Funds Management Pvt Ltd A/C Magnum Balanced Fund Seller: Acacia Capital Partners |
| Dec 2014 | Market trade | ₹6.67 Cr | Seller: Sundaram Bnp Paribas Mutual Fund A/C Sundaram Growth Fund |
| Feb 2013 | Market trade | ₹2.58 Cr | Seller: Hdfc Mutual Fund |
| Feb 2013 | Market trade | ₹5.24 Cr | Seller: Hdfc Trustee Co Ltd A/C Hdfc Midcap Opp Fund |
To see the full deal history of Shanthi Gears Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shanthi Gears Limited has 42 court cases on record: 24 filed by Shanthi Gears, 19 filed against it. 4 cases are pending and 38 are disposed.
Total cases
42
Filed by the company
24
Filed against the company
19
Pending
4
Disposed
38
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 13 | 4 |
| High courts | 11 | 6 | 0 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Criminal miscellaneous application | Filed by the company against Prowess International Pvt Ltd | Pending |
| District court, Coimbatore, Tamil Nadu | Civil suit | Filed by the company against SLB Engineers Pvt Ltd and 2 Others and 2 others | Disposed |
| District court, South, Delhi | Civil suit | Filed against the company by Cyber Media (India) Ltd. | Disposed |
| High Court | Criminal complaint | Filed against the company by M/S.South India Wires & Ropes Ltd. | Disposed |
| High Court, TAMIL NADU | Company petition | Filed against the company by Shanthi Gears Ltd., | Disposed |
To see the full case history of Shanthi Gears Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Shanthi Gears Limited was last rated by Icra on 05 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 05 Jul 2021 |
To see the full credit ratings and regulatory alerts of Shanthi Gears Limited, buy the company report.
MSME payment delays
Shanthi Gears Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 350 overdue payments to 180 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 180)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Navinchandra & Co | |||
| an individual supplier | |||
| an individual supplier | |||
| Rd Automation | |||
| Metal & Scrap Traders Private Limited |
To see the full MSME payment records of Shanthi Gears Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Shanthi Gears Limited has a workforce of 813 employees on its EPFO records as of Apr 09, 2024, across 3 active EPFO establishments.
Employee count
813
Active EPFO establishments
3
Employee growth
9.72%
GST
Shanthi Gears has 5 GST registrations: 2 active and 3 cancelled or inactive.
Total GSTINs
5
Active
2
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCS0692L1Z7 | Tamil Nadu | Active | 01 Jul 2017 |
| 22AADCS0692L1ZA | Chhattisgarh | Active | 29 Mar 2022 |
To see the full GST registrations and return filing status of Shanthi Gears Limited, buy the company report.
Recent activity
Shanthi Gears Limited has 35 board changes on record since 2010: 9 appointments and 26 cessations. The latest: Kasthurirangaian Ilango was appointed as Additional Director on 05 May 2026.
Appointed
Kasthurirangaian Ilango was appointed as Additional Director.
Filing
Shanthi Gears Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Coimbatore.
Ceased
Thangaraj Aruna ceased to be Additional Director.
AGM
Shanthi Gears Limited last Annual general meeting of members was held on 30 Jul 2025 as per latest MCA records.
Appointed
Thangaraj Aruna was appointed as Director.
Ceased
Venkataramani Anantharamakrishnan ceased to be Additional Director.
Appointed
Venkataramani Anantharamakrishnan was appointed as Director.
Ceased
Arun Venkatachalam ceased to be Additional Director.
Appointed
Arun Venkatachalam was appointed as Director.
Ceased
Subramaniam Chinna Samy ceased to be Company Secretary.
Ceased
Mukesh Ahuja ceased to be Additional Director.
Ceased
Ramkumar Lakshminarayanan ceased to be Director.
56 earlier events are in the company report.
News
SHANTIGEAR: Q2 SL NET PROFIT 157M RUPEES VS 215M (YOY)
SHANTIGEAR: Q2 REVENUE 1.28B RUPEES VS 1.32B (YOY)
SHANTIGEAR: Q2 EBITDA 227M RUPEES VS 265M (YOY); Q2 EBITDA MARGIN 17.74% VS 20.1% (YOY)
Frequently asked questions
Shanthi Gears is an active public limited company based in Coimbatore, Tamil Nadu, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 01 July 1972 (54+ years old) and is registered under CIN L29130TZ1972PLC000649. Listed on BSE: 522034 and NSE: SHANTIGEAR.
Shanthi Gears reported revenue of ₹518.72 Cr for FY 2025-26 (down 14.2% YoY) based on standalone financials.
Shanthi Gears has 8 current directors:
- Muthusamy Karunakaran - Whole-Time Director
- M A M Arunachalam - Director
- Venkataramani Anantharamakrishnan - Director
- Mukesh Ahuja - Director
- Arun Venkatachalam - Director
- Sangampalayam Kandasami Sundararaman - Director
- Thangaraj Aruna - Director
- Kasthurirangaian Ilango - Additional Director
The latest financial statements of Shanthi Gears on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Shanthi Gears is 33AADCS0692L1Z7, registered in Tamil Nadu. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 22AADCS0692L1ZA (Chhattisgarh).
The CIN (Corporate Identification Number) of Shanthi Gears is L29130TZ1972PLC000649. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Shanthi Gears is a listed company as per MCA records. Its shares are listed on both BSE (code: 522034) and NSE (symbol: SHANTIGEAR).
Shanthi Gears has 42 court cases on record: 24 filed by the company and 19 filed against it. 4 are pending. Most are in the district courts.
Shanthi Gears was incorporated on 01 July 1972, making it 54+ years old. It is registered with the Registrar of Companies, Coimbatore.
Shanthi Gears has 24 deals on record (22 market trades, 1 buyback, 1 acquisition); the latest was in April 2019.
The peers of Shanthi Gears by revenue are Nuberg Engineering Limited, Walvoil Fluid Power (India) Private Limited, Emm Ess Aircon Pvt.Ltd, Autometers Alliance Limited, Spirotech Heat Exchangers Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Kasthurirangaian Ilango was appointed as Additional Director on 05 May 2026. Thangaraj Aruna ceased to be Additional Director on 16 Sep 2025. Thangaraj Aruna was appointed as Director on 30 Jul 2025. Shanthi Gears has 35 board changes on record in total.
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