Megatherm

What Megatherm does

Megatherm is an India-based industrial capital goods manufacturer specializing in induction-based metal heating and melting equipment, founded in 1989 and publicly listed on the NSE under the ticker MEGATHERM. The company designs and builds a portfolio of equipment for forging, steel melt shops, foundry melt shops, heat treatment, pipe and tube manufacturing, and continuous heating-quenching-tempering lines, anchored on a proprietary Solid State Power Supply platform for induction melting and heating. Manufacturing is conducted from a facility in Kharagpur, West Bengal, with corporate headquarters at Megatherm Tower in Salt Lake Sector V, Kolkata, and the group employs over 500 people including more than 100 engineers across Sales, Service, R&D, and Engineering.

The business model is built on direct enterprise field sales of custom-engineered, high-value industrial equipment, supplemented by installation, commissioning, and after-sales service, plus turnkey solutions for end-to-end thermal processing lines. Pricing is quotation-based given bespoke equipment specifications, with revenue predominantly recognized as one-time hardware sales rather than recurring subscription or licensing. The customer base is concentrated in heavy industry in India, including marquee names such as BHEL, TATA Motors, HINDALCO, Indian Railways, Indian Ordnance Factory, Talbros Axles, Adico Forge, CESC, and Syham Steel, complemented by overseas installations across more than 40 countries.

Megatherm generates demand through active participation in industry events (AIFI sessions in Jamshedpur, Forgetech India Conference in Pune, Tube & Pipe Fair) and is an institutional member of the Association of Indian Forging Industry (AIFI). The company is family-led, with Shesadri Bhusan Chanda serving as Chairman & Managing Director and Satadri Chanda as Executive Director and CFO, and maintains a public-company governance structure including a Board of Directors, Board committees, and Share Holding Pattern disclosures. The financial data provided in the source material appears corrupted (figures shown in trillions of dollars) and is not relied upon; specific revenue figures are not publicly disclosed in the available sources.

Name

Megatherm

Legal name

Megatherm

Website

https://megatherm.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Megatherm is an India-based, NSE-listed manufacturer of induction heating and melting equipment serving forging, steel, foundry, and metalworking enterprises across 40+ countries via direct field sales and turnkey installations.

Ownership category

akta.pro rank

Product category

Industrial Induction Heating Equipment

NAICS

Power Boiler and Heat Exchanger Manufacturing (332410), Metalworking Machinery Manufacturing (33351)

SIC

Industrial Process Furnaces & Ovens (3567), Metalworkg Machinery & Equipment (3540)

akta.pro industry

PRIMARYIMAHAKAD

Boilers, Furnaces & Process Heating Equipment

Industrials, Manufacturing & Construction/Industrial Machinery & Heavy Equipment/Refrigeration, HVAC & Thermal Equipment

SECONDARYIMAHADAI

Heat Treatment & Thermal Processing Furnaces (Hardening, Annealing, Induction)

Industrials, Manufacturing & Construction/Industrial Machinery & Heavy Equipment/Machine Tools & Metalworking Equipment

Keywords

• Induction melting furnaces
• Industrial heating equipment
• Metal melting equipment
• Induction power supplies
• Forging shop equipment

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Industrial Equipment Sales: Megatherm generates revenue through the manufacture and sale of industrial induction heating and melting equipment including Solid State Power Supplies, Forging Shop Equipment, Foundry Melt Shop Equipment, Steel Melt Shop Equipment, and Turnkey Solutions. The revenue model is primarily one-time hardware sales with associated installation and after-sales service components.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Megatherm manufactures industrial induction melting and heating equipment for metal processing applications across the steel, foundry, forging, and metal working sectors. Its offerings include solid state power supplies, steel and foundry melt shop equipment, forging shop and mass heating equipment, heat treatment systems, integrated heating-quenching-tempering lines, pipe and tube heating/welding equipment, and turnkey project solutions, sold directly to enterprise industrial customers.

Product overview

Megatherm is an industrial equipment company specializing in Metal Heating & Melting Equipment using induction technology. The company operates as a platform of complementary products rather than a single unified product, offering Solid State Power Supplies For Induction Melting & Heating as the core power technology that underpins the entire product line. The portfolio spans multiple specialized equipment categories: Steel Melt Shop Equipment and Foundry Melt Shop Equipment for metal melting operations; Forging Shop & Mass Heating Equipment and Heat Treatment & Special Applications for metal forming and processing; Heating Quenching & Tempering Line for integrated heat treatment; Pipes & Tubes - Heating, Welding for pipe manufacturing; Power Distribution Equipment for electrical management; and Automation solutions for process control. Turnkey Solutions service provides complete system integration. Megatherm serves steel, foundry, forging, and various metal working sectors with thermal processing solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Solid State Power Supplies For Induction Melting & Heating Power supply units for induction melting and heating applications, providing controlled electrical power for thermal processing in industrial metal heating operations.
• Steel Melt Shop Equipment Equipment for steel manufacturing and processing operations, including melting and holding furnaces designed for steel production environments.
• Foundry Melt Shop Equipment Melting equipment designed for foundry operations, enabling metal heating and melting for metal casting processes.
• Forging Shop & Mass Heating Equipment Equipment for heating metal workpieces in forging operations and mass heating applications prior to shaping.
• Heat Treatment & Special Applications Specialized heating equipment for heat treatment processes including hardening, tempering, and annealing of metal components.
• Heating Quenching & Tempering Line Integrated production line for heating, quenching, and tempering metal components in a continuous process.
• Pipes & Tubes - Heating, Welding Induction heating equipment specifically designed for pipe and tube manufacturing, including welding and forming operations.
• Power Distribution Equipment Electrical distribution and control equipment for managing power delivery to induction heating systems.
• Turnkey Solutions Complete end-to-end solutions encompassing design, supply, installation, and commissioning of induction heating systems for enterprise industrial customers.

Quantifiable outcome

• Over 100 installations completed globally across multiple countries

Named customers9 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• AIFI (Association of Indian Forging Industry)coreOthersMegatherm is an active member of the Association of Indian Forging Industry (AIFI), participating in industry events, conferences, and activities that support the Indian forging sector. The company engages with AIFI for networking, industry advocacy, and visibility among forging industry professionals.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Inductotherm Group: Global leader in induction melting and heating equipment serving foundry, forging, and steel markets with a comparable induction-based product portfolio to Megatherm.
• Electrotherm India: Indian-listed manufacturer of induction furnaces, transformers, and steel-making equipment — a direct domestic competitor across Megatherm's melt shop and power supply lines.
• ABP Induction: German-headquartered specialist in induction melting furnaces and metallurgy technology serving foundry and steel customers, directly competing in the same core induction melting category.
• EFD Induction: Global induction heating solutions provider serving automotive, forging, tube welding, and heat treatment — overlapping strongly with Megatherm's forging, pipe/tube, and heat treatment lines.
• Ajax Tocco Magnethermic: Long-established induction heating and melting equipment maker serving forging, heat treatment, and steel — a like-for-like peer on Megatherm's mass heating and melting applications.
• Consarc Engineering: UK-headquartered specialist in induction melting furnaces, vacuum furnaces, and process heating equipment, comparable in niche thermal-processing equipment focus.

Broad incumbents

• Danieli: Large Italian metals-plant builder covering steel-making and forging equipment; competes broadly with Megatherm on steel melt shop and turnkey installations but at significantly greater scale and scope.
• SMS group: Global plant and equipment supplier to the metals industry with overlapping offerings in steel melt shops and thermal processing, though considerably larger and more diversified than Megatherm.
• Tenova: International supplier of technologies and services for mining and metals, including thermal processing and melt shop solutions overlapping with Megatherm's industrial heating portfolio.

Emerging players

• Italimpianti Orafi: Italian manufacturer of induction furnaces for steel, foundry, and precious metals, with emerging global reach comparable to Megatherm's specialty in induction melting systems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/megatherm
• LinkedInlinkedin.com/company/megatherm-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Megatherm