IPO Note - Harsha Engineers International Limited By GEPL Capital
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Company Profile
Harsha Engineers International Limited (HEIL) is the largest manufacturer of precision bearing cages, in terms of revenue in organised sector in India. The company is a part of the Harsha Group. The company supplies its products to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America and Africa.
The Business comprise of two segments:
* Engineering business, under which the company manufactures bearing cages (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings.
* Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector
The company offers a wide range of bearing cages starting from 20 mm to 2,000 mm in diameter. Harsha Engineers have five manufacturing facilities three are in India and two of which are located outside India.
Business Highlights & Services
1. HEIL manufactures and sell bearing cages to customers who primarily operate in the automotive, aviation & aerospace, railways, construction, mining, renewable energy, agriculture and other industrial sectors. Bearing cages are one of the five critical components that go in making of the bearing, that separate the balls / roller, maintain the balls / roller symmetrical radial spacing, and in most cases, hold the bearings together.
2. HEIL has wide range of product, Bearing cages, Steel cages, Brass cages, Polyamide cages, Bronze Bushes for selling bearing and Specialty Component.
3. Specialty Component consist of automotive application, Industrial application and Electrical and appliance applications.
4. HEIL have a total of four production units for engineering business, of which, two of primary production units are located at NH-8A, Sarkhej-Bavla Highway, Changodar and Moraiya, Ahmedabad. Additionally, HEIT have one production unit in China and one production unit in Romania .
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