Mitsubishi Heavy Industries India Precision Tools Limited Unlisted Share
MITSUBISHI HEAVY INDUSTRIES INDIA PRECISION TOOLS LIMITED is one of the World's leading manufacturers of Gear Cutting Tools and Broaches in India. In May 2005, Mitsubishi Heavy Industries Machine Tool Company Limited acquired S.R.P. Tools Limited, India, a 42-year-old company, and thus Mitsubishi Heavy Industries India Precision Tools Ltd was formed. This unit is now functioning as a subsidiary of Mitsubishi Heavy Industries Machine Limited, Japan. S.R.P Tools Limited was India’s first unit to obtain ISO 9000 certification for Gear Cutting Tools and Broaches. Even though the Company does not have a separate R & D wing, the R & D activities are carried out along with our regular operations resulting in effective utilization of imported raw materials which help in reducing the outgo on foreign exchange.
Mitsubishi Heavy Industries India Precision Tools Limited is India’s largest manufacturer of Gear Cutting Tools and Broaches, featuring the most advanced precision technologies and commanding a large market share. The company’s product range includes Hobs, Gear Shaping Cutters, Gear Shaving Cutters, Master Gears, Rotary Cutters, Spline Broach, and various other types of Broaches, used in the manufacturing of various automotive and engineering components.
CIN of Mitsubishi Heavy Industries |
U29130TN1963PLC004990 |
Registration Date of Mitsubishi Heavy Industries |
12th March 1963 |
Category/Sub-category of Mitsubishi Heavy Industries |
Public Company having a share capital |
Mitsubishi Heavy Industries Registered office address and contact details |
2, Sipcot Industrial Complex, Ranipet 632403 Telephone No. 91-4172-244361 |
Mitsubishi Heavy Industries Registrar and Transfer Agent address and contact details |
KFIN TECHNOLOGIES PRIVATE LTD. Karvy Selenium Tower B, Plot No. 31 &32, Gachibowli Financial District, Nanakramguda, Serilingampally, Hyderabad 500 032. Phone No. +91 040 67161500 |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to total turnover of the Company |
|
Gear Cutting Tools |
820770.09 |
61.89% |
|
Broaches |
820760.09 |
38.11% |
Mr. Munetaka Nomura (Chairman & Managing Director)
Mr. S. Srinivasan
Mr. N. Valliappan
Mr. Yoshinao Miyoshi
Mr. Shusuke Suto
Mitsubishi Heavy Industries India Precision Tools Limited does not have any subsidiary or associate company.
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Mitsubishi Heavy Industries Limited (Promoter) |
67,25,000 |
96.48% |
|
2 |
Public Shareholding |
2,45,000 |
3.52% |
|
|
Total |
69,70,000 |
100.00% |
The global automotive gear market is expected to grow at a considerable rate for the next few years, primarily on the account of the growing automotive industry. The growth in the automotive industry is an outcome of the increased production of passenger vehicles in recent years. Moreover, increasing installation of automated and mechanized parts in automobiles, advancements in technology, demand for smooth gear shifts, and enhanced acceleration are driving the growth of the automotive gear industry. The Asia Pacific is projected to have the largest market for automotive gears, with India and China being the leader in the industry.
The automotive gears industry in FY 2020 has been largely static. The market for Gear is trending towards higher sizes due to larger capacities being planned by the various users. Accompanying these trends is the scale-up in capital equipment sizes, newer technologies, energy efficiency, and space reduction are emerging as key drivers in the Gear industry. India, in recent years, has witnessed considerable growth in the planetary Gear segment signaling a maturing of the market. Recently, the outlook for the auto component industry has changed from Negative to Stable backed by an increase in demand across Original Equipment manufacturers, replacements, and exports.
Due to COVID 19 pandemic and nationwide lockdown, the industry faced hard times because of initial disturbances in supply chain management, and aggregate demand reaching normal levels.
FY 2021 was one of the toughest years in the history of the Indian automotive industry due to the outbreak of the COVID 19 pandemic. The Automobile industry was already facing headwinds due to the slowing economy was stopped completely due to nationwide lockdown in 2020. The Indian automotive industry in FY 2021 registered a decline of 13.6%. However, the last 2 quarters have been relatively better than the first 2 quarters of FY 2021. The 4th Quarter of FY 2021 registered an increase of 25.89% in total sales of automobiles when compared to the 3rd quarter of FY 2021. The Passenger Vehicle segment saw a total decline of 2.24% in FY 2021. However, the Passenger Vehicle segment performance in the 4th quarter improved strongly with a year-on-year increase of 42.4%.
