Company Profile: Switchgear and Control Technics Pvt Ltd

Background

Switchgear and Control Technics Private Limited (SCTPL), established in 2004, is an ISO 9001:2015 certified company specializing in the manufacturing of low and medium voltage switchboards, busway systems, and precision sheet metal parts. With over two decades of partnership with Schneider Electric India, SCTPL has positioned itself as a leader in power distribution and engineering solutions. The company's mission is to provide high-quality products and solutions in electrical power distribution, enclosures, cable support systems, and precision sheet metal technology through well-coordinated and up-to-date manufacturing and distribution practices. SCTPL's vision is to be the market leader in the field of electrics and sheet metal work, embracing quality without compromise.

Key Strategic Focus

SCTPL's strategic focus centers on delivering innovative and high-quality electrical solutions tailored to various industrial sectors. The company specializes in:

Low and Medium Voltage Switchboards: Designing and manufacturing switchboards that meet stringent safety and performance standards.

Busway Systems: Providing efficient and reliable busway systems for power distribution.

Precision Sheet Metal Parts: Offering custom sheet metal fabrication services to meet diverse client needs.

SCTPL targets industries such as industrial power and energy, oil and gas, data centers, pharmaceuticals, metro systems, automobiles, and infrastructure, ensuring their products and services align with the specific requirements of these sectors.

Financials and Funding

As of the fiscal year ending March 31, 2023, SCTPL reported a 100.85% increase in total revenue and a 46.94% rise in profit compared to the previous year. The company's net worth experienced a slight decrease of 4.11%. SCTPL has an authorized capital of ₹32.00 crore and a paid-up capital of ₹28.81 crore. The company has active open charges totaling ₹27.88 crore with Indian Overseas Bank.

Pipeline Development

SCTPL continues to expand its product offerings and enhance existing solutions to meet evolving market demands. The company is focused on developing advanced low and medium voltage switchboards, busway systems, and precision sheet metal components, with an emphasis on integrating smart technologies and IoT capabilities to provide future-proof electrical infrastructure solutions.

Technological Platform and Innovation

SCTPL leverages advanced manufacturing technologies and proprietary methodologies to deliver high-quality products:

BlokSeT: A premium IEC 61439-1&2 type-tested low-voltage panel designed for high-power capabilities, safety, and modularity.

OCTA-LV Panels: Compact low voltage distribution boards featuring robust construction, customizable designs, and smart, IoT-ready technology.

OCTA-MV Panels: Medium voltage panels with high insulation levels, advanced protection features, and smart breaker systems.

Busways: Engineered with superior conductors and tested fire resistance, offering robust protection levels tailored to diverse requirements.

Sheet Metal Works: Utilizing state-of-the-art machinery, including CNC Turret Punch Press, Press Brake, and automated powder coating facilities, to ensure precision and quality in sheet metal fabrication.

Leadership Team

SCTPL's leadership team comprises experienced professionals dedicated to driving the company's growth and innovation:

Daksheish Sobhagyachand Mehta: Appointed as CEO on September 17, 2024, bringing extensive experience in the electrical manufacturing industry.

Shekarshetty Harshith: Serving as CFO since September 18, 2024, with a strong background in financial management within the sector.

Reema Katakia: Company Secretary, overseeing corporate governance and compliance.

Leadership Changes

In September 2024, SCTPL appointed Daksheish Sobhagyachand Mehta as CEO and Shekarshetty Harshith as CFO, marking a strategic move to strengthen the company's leadership and drive future growth.

Competitor Profile

Market Insights and Dynamics

The electrical switchgear market in India is experiencing significant growth, driven by increasing industrialization, urbanization, and the need for reliable power distribution solutions. The market is characterized by a competitive landscape with several key players offering a range of products and services.

Competitor Analysis

SCTPL faces competition from several established companies in the electrical switchgear industry:

Teknic: Founded in 1970, Teknic is a leading manufacturer of industrial electrical switches, known for its high-quality products and strong reputation in the electrical field.

Panasonic Life Solutions India Pvt. Ltd.: Formerly Anchor Electricals, this company is the largest manufacturer of modular and non-modular electrical switches in India, offering a wide range of electrical products.

ASCO Power Technologies: A business unit of Schneider Electric, ASCO specializes in power transfer switches and control systems, serving various industries globally.

Strategic Collaborations and Partnerships

SCTPL's longstanding partnership with Schneider Electric India has been instrumental in its growth and innovation. This collaboration has enabled SCTPL to manufacture Schneider Electric's BlokSeT range and medium voltage switchboards in India, enhancing its product portfolio and market reach.

Operational Insights

SCTPL operates multiple manufacturing units equipped with advanced machinery to ensure high-quality production:

Unit 1: Bommasandra, Bengaluru, Karnataka.

Unit 2: Waghodia, Vadodara, Gujarat.

Unit 3: Jigani, Bengaluru, Karnataka.

The company's commitment to quality and innovation, coupled with its strategic partnerships, positions it competitively in the market.

Strategic Opportunities and Future Directions

SCTPL aims to expand its market presence by leveraging its expertise in electrical solutions and exploring new opportunities in emerging sectors. The company is focused on integrating smart technologies into its products, enhancing energy efficiency, and providing comprehensive solutions to meet the evolving needs of its clients.