What Shivam Autotech does

Shivam Autotech Limited is a publicly listed Indian automotive component manufacturer (NSE: SHIVAMAUTO; CIN L34300HR2005PLC081531) headquartered in Gurugram, Haryana. The company designs and manufactures transmission gears, transmission shafts, starter motor components, alternator components, electric power steering (EPS) components, precision engineering components, and aluminium forged parts for two-wheeler, passenger vehicle, commercial vehicle, tractor, and industrial-tool OEMs. Its manufacturing rests on Near Net Shape Technology applied across cold, warm, and hot forging, with in-house heat treatment and CNC machining on equipment sourced from international suppliers (Nedschroef Belgium, Hatebur Switzerland, Kurimoto Japan, Chin Fong Taiwan, Leibherr Germany, Mitsubishi Japan, Mazak Japan, Brother Japan). Five pan-India plants — Binola and Manesar (Gurgaon), Haridwar, Rohtak, and Vemagal near Bengaluru — support the production footprint, along with a tool room and in-house heat treatment, with cumulative capacity measured in parts-per-minute output (up to 125 ppm hot forging, 100 SPM cold, 25 ppm warm).

The company sells predominantly through long-term B2B supply contracts with major automobile OEMs and Tier-1 automotive component manufacturers, including Hero MotoCorp, Maruti Suzuki, Hyundai, Bosch, Denso, Mando, ZF TRW, Nexteer, Lucas TVS, Mitsuba Sical, Indian Nippon Electricals, Volvo Eicher, and Mahindra Swaraj. Pricing is not publicly disclosed and is contract-based. A secondary revenue stream operates through an aftermarket catalog (German Tech Braking System) and an All India two-wheeler spares distributor network. The company markets through participation in major trade shows (Auto Expo, IAA Mobility, AutomobiliD, Automechanika, ACMA Auto Connect) and direct OEM engagement. Quality, environmental, occupational health and safety, and aerospace standards are evidenced by IATF 16949:2016, ISO 14001:2015, ISO 45001:2018, and AS9100D certifications from DNV; the company also holds the SQ Mark from Hyundai and the TPM Excellence Consistency Award from JIPM Japan, and the Rohtak plant holds the Indian Green Building Council Gold Rating.

Ownership sits within the Munjal family / Hero Group orbit: Chairman Sunil Kant Munjal is also Joint Managing Director of Hero MotoCorp (the company's largest customer), Deputy Managing Director Neeraj Munjal conceptualised the original Binola unit in 1999, and Charu Munjal serves as a Director. The company has raised ₹150 crore from Modulus Alternatives (India Credit Opportunities Fund II) in September 2023 and returned to Modulus for a second private credit facility in December 2025. Financials for FY2025-26 showed annual sales of ₹409.58 crore, down 9.78% from ₹453.98 crore in FY2024-25, with a net loss of ₹81.33 crore widening from ₹48.04 crore.

Name

Shivam Autotech

Legal name

Shivam Autotech Limited

Website

https://shivamautotech.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Shivam Autotech Limited is an Indian automotive component manufacturer producing transmission gears, shafts, starter/alternator parts, EPS/steering components, and precision-engineered forgings for OEMs including Hero MotoCorp, Maruti Suzuki, Hyundai, Bosch, and Denso, using near-net-shape cold/warm/hot forging across five pan-India plants.

Ownership category

akta.pro rank

Product category

Automotive Components Manufacturing

NAICS

Motor Vehicle Transmission and Power Train Parts Manufacturing (33635), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Motor Vehicle Steering and Suspension Components (except Spring) Manufacturing (336330)

SIC

Motor Vehicle Parts & Accessories (3714)

akta.pro primary industry

Automotive Electric Motors & Actuators Manufacturing (EPS/Brake-by-wire/Seat/Window) (IMACAJAL)

akta.pro secondary industries

Steering Systems & Components (Columns/Racks/EPS Pumps & Motors) (IMACAIAB), Engine Components & Subsystems Manufacturing (Blocks/Heads/Valvetrain/Pistons) (IMACAHAB)

Keywords

• Automotive component manufacturing
• Transmission gears and shafts
• Precision forging technology
• Automotive OEM supplier
• Near net shape forging

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Automotive Component Manufacturing: Design and manufacture of transmission gears, shafts, starter motor components, alternator components, steering components, and precision engineering components for automobile manufacturers. Revenue generated through long-term supply contracts with OEMs and tier-1 suppliers.
2. Aftermarket Components: Supply of replacement components through aftermarket catalog, serving the service and spare parts market for vehicles already in use.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Shivam Autotech Limited manufactures precision-forged automotive components for OEM customers using Near Net Shape technology across cold, warm, and hot forging. Its product portfolio includes transmission gears and shafts, starter motor components, alternator components, EPS/steering components, and precision-engineered components, supplied primarily to automobile manufacturers such as Hero MotoCorp, Maruti Suzuki, and Hyundai, as well as tier-1 suppliers like Bosch and Denso. The company also distributes replacement components through an Indian aftermarket distributor network.

Product overview

Shivam Autotech Limited is one of the largest manufacturers of transmission gears and shafts in India, serving automobile manufacturers as their principal component partner for over two decades. The company's product portfolio includes Transmission Gears & Shafts, Starter Motor Components, Alternator Components, EPS/Steering Components, Precision Engineering Components, and Aluminium Forging Parts. These products are manufactured through cold, warm and hot forging employing near net shape technology, with manufacturing capabilities spanning CNC turning, gear shaping, hobbing, shaving, and heat treatment processes.

Differentiator

Problem solved

Functional benefit

Products and services

• Transmission Gears & Shafts Transmission gears and shafts manufactured using cold, warm, and hot forging employing near net shape technology for the automotive industry, including CNC gear shaping, hobbing, shaving, and grinding for OEM customers.
• Starter Motor Components Starter motor components manufactured through precision forging processes for automotive electrical starter systems.
• Alternator Components Alternator components produced using near net shape forging technology for automotive electrical charging systems.
• EPS / Steering Components Steering components and EPS (Electric Power Steering) components for automotive steering systems, including indigenized offerings supplied to Mando, ZF TRW, ZF Lenksysteme, Robert Bosch Steering, and Nexteer.
• Precision Engineering Components Precision engineering components manufactured to tight tolerances using CNC turning, VMC, and special purpose machines for automotive and other industrial applications.
• Aluminium Forging Parts Forged aluminium components with high strength-to-weight ratio for aerospace, EV, automotive and truck applications, offering reduced weight, enhanced flexibility, and better performance.
• German Tech Braking System (GBS) for Aftermarket Aftermarket braking system components from the German Tech Braking System product line, distributed through an All India Two Wheeler Spares Parts distributor network for the replacement market.

Quantifiable outcome

• 125 parts per minute hot forging output
• +3 more outcomes

Named customers19 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Endurance Technologies: Indian auto component manufacturer producing transmission parts, brake systems, and suspension components for two-wheelers and four-wheelers. Comparable to Shivam across product portfolio and customer segments, particularly in the Indian automotive drivetrain and steering space.
• Rico Auto Industries: Indian manufacturer of precision-machined and forged automotive components including transmission parts, engine components, and aluminium parts. Directly comparable to Shivam in precision forging capability and OEM supply model.
• Munjal Showa: Indian manufacturer of shock absorbers, struts, and steering components for automotive OEMs, jointly promoted by the Munjal family and Showa Corporation (Japan). Directly comparable to Shivam's steering components business and shares common family ownership with Shivam Autotech.
• India Nippon Electricals: Indian manufacturer of automotive electrical components including ignition systems, starter motors, alternators, and regulators. Direct peer to Shivam's starter motor and alternator component product lines and is also a current customer of Shivam.
• Bharat Gears: Indian manufacturer of automotive gears, gear boxes, and transmission components serving passenger car and commercial vehicle OEMs. Most directly comparable to Shivam Autotech's transmission gears and shafts product line, with similar customer base among Indian automotive OEMs.
• Varroc Engineering: Indian automotive component manufacturer producing lighting, electrical, and precision-engineered components for two-wheeler and four-wheeler OEMs. Comparable in scale, customer mix (Hero, Bajaj, Maruti-tier), and Indian manufacturing footprint.
• Sundram Fasteners: Diversified Indian auto component manufacturer producing precision-forged and machined components for automotive and industrial customers. Comparable to Shivam's precision forging, machining capabilities, and B2B OEM supply model across the Indian automotive sector.

Broad incumbents

• Uno Minda (Minda Industries): Larger diversified Indian auto component group with exposure to switches, lighting, acoustics, and aftermarket. Comparable in customer overlap (Hero MotoCorp-led OEM ecosystem) but operates at a broader portfolio scale than Shivam's focused forging-and-machining business.
• Bharat Forge: One of the largest Indian forging companies globally, with automotive, industrial, and aerospace forging exposure. Comparable in forging technology and EV/aerospace pivot via Bharat Forge's CDF and BFIL divisions, but operates at significantly greater scale and product breadth than Shivam.
• Samvardhana Motherson International: Large diversified Indian auto component manufacturer with global presence across wiring harnesses, interior modules, and polymer parts. Operates at significantly larger scale and broader product portfolio than Shivam but is a relevant comparable for Indian-listed auto component peers serving global OEMs.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/shivam-auto-tech

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds2 records

Investors1 record

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 Shivam Autotech