G G Automotive Gears Limited was indeed listed on both NSE and BSE on 23rd May 2018

G. G. AUTOMOTIVE GEARS SHARE

G. G. AUTOMOTIVE GEARS LIMITED is engaged in the business of design, manufacture, supply and servicing of Gears and Pinions &Gear boxes. The company was established in 1974 and is based in Dewas, Madhya Pradesh. G G Automotive Gears Limited is a market leader in traction gear business because of its unmatched cost, quality and delivery standards.

The company has a wide ranging product portfolio including spur, Helical, double helical/herringbone, internal rings, bevel/spiral bevel, spur/helical shafts, reduction gear boxes, forged component/blank and worm gears. The company’s products have applications in various areas including railway gears & shafts, forged components & machined blanks, Industrial gears & gearboxes and Mining & earth moving equipment spares.

G. G. AUTOMOTIVE GEARS LIMITED has the capacity to manufacture gears ranging from 1 to 35 modules, 100 mm to 1500 mm in OD up to DIN 4 in quality, and forged components from 10-100 kg in finished weight. Currently, the gear division can produce up to 500 large gearwheels and 1500 pinions & shafts monthly while the forging division can produce up to 500 MT of forgings monthly.

The company’s largest customer is Indian Railways. The company has served to all the major production units of Indian Railways. The company also serves to zonal and metro railway divisions. Apart from India Railways, G G Automotive Gears Limited has large industrial giants as its customer such as Tata Steel, L&T, etc.

The equity shares of G G Automotive Gears Limited were listed on Bombay Stock Exchange. But the trading of shares has been suspended due to non-compliance issues.

INCORPORATION DETAILS

PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY

BOARD OF DIRECTORS

Mr. Kennedy Ram Gajra (Managing Director& CEO)

Mr. Anmol Gajra (Whole Time Director)

Mr. Shailendra Ajmera (Non-Executive Independentdirector)

Mr. Pravin Kumar Shishodiya (Non-Executive Independent Director)

Mrs. Ruchi Sogani (Non-Executive Independent Director)

PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

G. G. AUTOMOTIVE GEARS LIMITED does not have any subsidiary or associate company.

G. G. AUTOMOTIVE GEARS LIMITEDUNLISTED SHARE DETAILS

SHAREHOLDING PATTERN

(As on 31-03-2020)

INDUSTRY OUTLOOK

The global automotive gear market is expected to grow at a considerable rate for the next few years, primarily on the account of growing automotive industry. The growth in automotive industry is an outcome of the increased production of passenger vehicles in the 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 growth of the automotive gear industry. 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 scaleup in capital equipment sizes, newer technologies, energy efficiency and spacereduction are emerging askey drivers in the Gear industry. India, in recent years,has witnessed a considerable  growth in the planetary Gearsegment signalling a maturing of themarket.Recently, the outlook for auto component industry has changed from Negative to Stable backed by 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. There was downward entiment overall. However,  G G Automotive Gears Limited with strong market presence in the Indian railways and with lucrative opportunities opening up in the global railway market can perform much better than any other automotive gear manufacturer. Additionally, G G Automotive Gears Limited foray into diversified markets such as earth moving equipment, mining, steel andindustrial applications should help the company insulate from negative business cycle effects as a result of the pandemic. The company aims to maintain its dominant position in the Indian Railways and explore newer markets globally.