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

2 A, Film Centre Building, Ground Floor, 68, Tardeo Road, Mumbai 400034, Maharashtra
1600+ employees
Company limited by Shares
Non-govt company
05 May,1982
ISO/TS 16949
9 Related OEMs
2 No. of plants

Company Breakup

Name share
Foreign Holdings
Bodies Corporate
Total Number Of Shareholders 6431
Shareholding As On 2014-09-09

Setco Automotive Ltd in News

19 Apr 2016

This is how Harish Sheth transformed a sick company into a force to reckon with

Setco was shut for eight months over labour strike between 1989-1990 and had to start afresh. After being under BIFR for 14 years, it went on to become country’s largest clutch manufacturer in commercial vehicle space. Since then the company never had even one-hour of production loss due to labour issue. And also wooed the country’s largest commercial vehicle manufacturer to gain a revenue share of about 60% from the company. It also mitigated the risk of instability in profitability through different measures. It is now looking to double its revenue in the next three years to Rs 1,000 crore.

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:


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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