Setco Automotive Ltd

Setco Automotive Ltd

Company limited by Shares (2) 762+ employees

Setco Automotive Ltd Description

Setco Automotive Ltd was established in the year 1982. The company is also enlisted on the BSE. They are the largest manufacturers of Premium Quality Lipe brand that commercializes vehicles in the country. The company has employed more than 1,200 people across the globe. The company supplies clutches to the most prominent Indian Commercial Vehicle Manufacturers like: Tata Motors, Man India, Mahindra & Mahindra, Ashok Leyland, Bharat Benz, Volvo. The company has all the required certifications that include TS 16949, ISO 14001, OSHAS 18001 and VDA 6.3. The company has strategically laid down its manufacturing plants, two in India, and one each in the UK and USA. The company has its headquarters in Mumbai. Their major manufacturing plant is in Kalol, but it has a rapid expanding facility in Sitarganj. The company also produces clutches for hydraulic products for industries such as construction equipment industry and precision engineering components that include complex and deep drawn pressings forgings and castings which have been treated through machine and heat. The company is a flagship company of The Setco Group. The group also includes companies such as Lavascast Pvt Ltd, TransStadia Pvt Ltd and its CSR Wing i.e. the Setco Foundation. The company has been named among the top 3 manufacturers in the world in terms of volume. They are also the largest producer of medium and heavy commercial vehicles clutches in the nation. About 85% of MHCV Clutch demands in India are fulfilled by the company itself. The company is a supplier to India's leading commercial vehicle manufacturers that includes Ashok Leyland, Daimler India Commercial Vehicles, Tata Motors, Volvo Eicher Commercial Vehicles, Man India, and many more. The company's research & development provides the required competitive strength and edge in various terms that includes quality, designing, costing, testing and technology of the company's products. The centres help the company reach the top as a domestic player with a wider product range and a smaller time to time market cycle. The company's range of expertise covers a vast segment that includes mechanical, chemical, computer, hydraulic, manufacturing, assembly automation, logistics and many more.

Setco Automotive Ltd Overview

Address
2 A, Film Centre Building, Ground Floor, 68, Tardeo Road, Mumbai 400034, Maharashtra
COMPANY SIZE
1600+ employees
CIN
L35999GJ1982PLC005203
TYPE
Public
CATEGORY
Company limited by Shares
SUB-CATEGORY
Non-govt company
WEBSITE
http://www.setcoauto.com
EMAIL
bjhaveri@setcoauto.com
FOUNDED
05 May,1982
PAID-UP CAPITAL
267,193,350
AUTHORISED CAPITAL
500,000,000
TRADE MARK
SETCO AUTOMOTIVE, LIPE CLUTCH
ACCREDIT
ISO/TS 16949
9 Related OEMs
2 No. of plants

Company Breakup

Name share
Foreign Holdings
19.86%
Others
5.67%
Bodies Corporate
54.92%
Banks
0.03%
Total Number Of Shareholders 6431
Shareholding As On 2014-09-09

Setco Automotive Ltd in News

27 Oct 2021

Sona BLW Precision Q2 PAT up 22% at INR 88 cr

Revenue in Q2 grew 52% to INR 586 crore. Battery electric vehicles contribute 22% to the overall revenue. The net order book stands at INR 13,600 crore as of September 30, 2021,the company said.

08 Oct 2021

Ola to enter vehicle sales biz, hires Amazon exec

The Bengaluru-based company will enable the transactions through the Ola app, and said it intends to reach 100 cities through the new venture by next year. “Ola Cars will begin with pre-owned and, over time, will open it up for new vehicles from Ola Electric and other automotive brands... Starting with 30 cities, Ola Cars will soon scale up to over 100 cities,” it said.

14 Sep 2021

Schaeffler join hands with Mobileye to industrialize self-driving shuttles

The rolling chassis from Schaeffler, a modular platform for new mobility concepts, is combined with the Mobileye Drive self-driving system. The goal is to develop a new, flexible platform for self-driving shuttles and other vehicle products at full automation level 4 and to offer customers worldwide solutions for Mobility-as-a- Service (MaaS) and Transportation-as-a-Service (TaaS).

04 Jun 2021

Blaize Expands Asia-Pacific Distribution in Automotive, Retail, Metro and Industrial Markets via Partnership with Weikeng

Blaize is delivering AI computing hardware and software products built to overcome today's unmet requirements for compute and productization of AI applications at the edge. As such, Weikeng's leadership in edge computing: automotive, IoT and industrial segments including smart vision in retail, metro, security and factory is a great match for the Blaize product line.

21 May 2021

Wheels India plans Rs 100 crore capex

"A good portion of the Rs. 100 crore capex will go into the wind segment where we will be setting up a new plant in Thervoy Kandigai near Chennai," Managing Director Srivats Ram told reporters on Friday.

05 May 2021

Solvay raises cash flow target as cost cuts bear fruit

First-quarter earnings before interest, tax, depreciation and amortization (EBITDA) rose 10.3% like-for-like from a year earlier to 583 million euros, above a company-provided consensus of 535 million euros.

Directors of Setco Automotive Ltd

Name DIN Email Designation Date of joining
Urja Harshal Shah Unlock to View Unlock to View Wholetime Director 28 Sep,2015
Suhasini Somesh Sathe Unlock to View Unlock to View Director 12 Feb,2014
Pratap Ratilal Merchant Unlock to View Unlock to View Director 07 Nov,2013
Shvetal Shatrughna Vakil Unlock to View Unlock to View Wholetime Director 01 Jul,2010
Ashok Kumar Jha Unlock to View Unlock to View Director 22 Jan,2010
Bhalchandra Lalan Naik Unlock to View Unlock to View Director 24 Dec,2008
Udit Harish Sheth Unlock to View Unlock to View Managing Director 30 Jun,2008
Arun Arora Unlock to View Unlock to View Director 28 Mar,2007
Harish Kiritbhai Sheth Unlock to View Unlock to View Managing Director 05 May,1982

Setco Automotive Ltd deals in:

Components

A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-

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Company Structure

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