What Shubhada Polymers does

Shubhada Polymers Products Pvt Ltd, founded in 1972 in Mumbai as GFP and rebranded under its current name, is a privately held, family-controlled Indian manufacturer of thermoset and thermoplastic polymer components serving the global electrical switchgear industry. Its core technology stack spans SMC and DMC compounding (under long-term Menzolit GmbH licensing with up to 10,000 tons SMC and 4,000 tons DMC annual output), APG (Automatic Pressure Gelation) epoxy casting using machines up to 25 tons, compression moulding (100T to 2000T), PLC-controlled thermoset injection moulding, thermoplastic injection moulding, and pultrusion, all supported by an in-house CNC tool room and comprehensive CMM, HVPD, X-ray, and Hedrich-based testing infrastructure. The company produces instrument transformers (CTs and PTs rated 3.3kV to 36kV), monoblocks up to 4000A, epoxy bushings for AIS and GIS applications, auxiliary and earthing switches, busbar assemblies, pultruded profiles, and raw SMC/DMC compounds, organized across four manufacturing facilities in Maharashtra (Nerul/Navi Mumbai, Lonavala, Nashik, and Powai/Kalina).

The firm operates a direct B2B enterprise field-sales model, selling custom-engineered components on a project-specific, quote-based pricing basis under long-term supply agreements to global electrical OEMs. Its customer roster includes ABB, Siemens, Schneider Electric, Legrand, Alstom, CG Power, Voltamp, Tata Motors, Motherson Marelli, Varroc, Pandrol, Nuventura, and over 20 other named enterprise customers, with exports to more than 27 countries across the US, Australia, Asia, the Middle East, and Europe. The company holds ISO 9001:2015, ISO 14001, ISO 45001, and OHSAS certifications, participates in ECOVADIS and CDP assessments, and has reduced Scope 1+2 emission intensity by 56.11% from 2019 to 2024 under Tata Motors' Zero Carbon Project. Leadership transitioned from founder Mr. Pramod Jhaveri to his son Mr. Devang Jhaveri (CMD since 2012) and Mrs. Falguni Jhaveri (Director). A 2025-2029 strategic plan targets a 30% increase in epoxy castings, 50% increase in injection moulding, and a 3x increase in instrument transformer output to address surging customer demand.

Name

Shubhada Polymers

Legal name

Shubhada Polymers Products Pvt Ltd

Website

https://www.shubhadapolymers.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Short description

Shubhada Polymers Products Pvt Ltd is a Mumbai-based, family-controlled manufacturer of thermoset and thermoplastic polymer components — instrument transformers, epoxy bushings, monoblocks, switchgear assemblies, and SMC/DMC compounds — serving global electrical OEMs including ABB, Siemens, Schneider, and Legrand across 27+ countries.

Ownership category

akta.pro rank

Product category

Electrical Switchgear Components

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Urethane and Other Foam Product (except Polystyrene) Manufacturing (32615)

SIC

Miscellaneous Plastics Products (3080), Electronic Coils, Transformers & Other Inductors (3677)

akta.pro primary industry

Polymer Compounds & Masterbatches (Compounding, Color/Fill/Additive Concentrates) (IMAEANAJ)

akta.pro secondary industry

Engineering Thermoplastic Compounds (PA/PBT/PC/POM/PPS/PEEK) (IMANABAB)

Keywords

• Electrical switchgear components
• Epoxy molded components
• SMC DMC compounds
• Instrument transformers
• Thermoplastic injection moulding

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Custom Epoxy and Polymer Component Manufacturing: Shubhada Polymers designs, engineers, and manufactures custom epoxy molded components, SMC/DMC parts, thermoplastic injection molded parts, instrument transformers (CTs/PTs), and assembled switchgear products on a project-by-project, customer-specific basis. Products are sold directly to global electrical MNCs and OEMs. Revenue is generated through long-term supply agreements and contractual manufacturing relationships with enterprise customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Shubhada Polymers designs, engineers, and manufactures custom thermoset and thermoplastic polymer components for the global switchgear industry. Core offerings include SMC (Sheet Moulding Compound) and DMC (Dough Moulding Compound) moulded parts, epoxy castings via APG (Automatic Pressure Gelation), instrument transformers (CTs/PTs), auxiliary switches, earthing switches, monoblocks, plug-in bushings, busbar supports, insulators, and pultruded profiles, sold directly to electrical OEMs.

Product overview

Shubhada Polymers is a manufacturer of electrical insulating materials and engineering products made from epoxy and fibre-reinforced plastics. The company operates as a comprehensive solution hub offering a diverse portfolio of products organized into several categories: (1) Assembly products including Auxiliary Switches, Earthing Switches, Plug In Bus Bars, and Bolt-On Assemblies for electrical panels and switchgears; (2) CT/PT (Current Transformer/Potential Transformer) products including Tape Insulated Bushing CTs, Plastic Case LT CTs, Resin Cast Bushing CTs, and Indoor/Outdoor Resin Cast Type CTs/VTs with voltage ratings from 3.3kV to 33kV; (3) Epoxy products including Air Insulated Switchgear (AIS) and Gas Insulated Switchgear (GIS) components; (4) SMC-DMC molding compounds and components for low/medium voltage applications; (5) Thermoplastic injection molded components; (6) Transformer Products including MonoBlocks and Plug in Bushings; and (7) Pultruded Profiles. The company exports to over 27 countries and serves the switchgear industry with products used in automotive, energy & electrical equipment, mass transport (railway), and civil/construction infrastructure sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Auxiliary Switch Control devices that act as interlocks between main circuit switching mechanisms and control circuits, providing remote indication of circuit breaker position (open or closed). IEC 60947-5-1 compliant and NABL lab tested. Designed for switchgear OEMs.
• Earthing Switch Safety devices for medium voltage switchgear used for earthing racked-out circuit breakers, discharging residual charges, and clearing faults. Designed for electrical OEMs and switchgear manufacturers.
• Plug In Bus Bar / Pan Assembly Conductive assemblies for electric power distribution, ranging from 2-way to 26-way configurations, used to distribute power from a single source to multiple output circuits. Verified with 125 Ampere short circuit tests.
• Bolt-On Assembly Assembled products for electrical panels, switchgears, circuit breakers, contactors and bushings using epoxy, SMC/DMC, thermosets and thermoplastic materials.
• Tape Insulated Bushing CTs Current transformers with tape insulation designed for various switchgear applications.
• Plastic Case LT CTs Low voltage current transformers housed in plastic cases for Ring Main Units (RMU) and other applications.
• Resin Cast Bushing CTs Resin cast current transformers with voltage ratings from 3.3kV to 33kV, designed for RMU, AIS and GIS applications.
• Outdoor Resin Cast VTs Outdoor resin cast voltage transformers for various voltage applications.
• Indoor Resin Cast Type CTs Indoor resin cast current transformers for switchgear applications.
• Indoor Resin Cast Type VTs Indoor resin cast voltage transformers for electrical distribution systems.
• Air Insulated Switchgear Products Epoxy resin molded components for air-insulated switchgears (AIS), manufactured for over 50 years serving the global market, with voltage ratings from 3.3kV to 36kV.
• Gas Insulated Switchgear Products Tailor-made epoxy GIS bushings that are robust, maintenance-free and suitable for indoor installation, busy urban areas and harsh environments.
• SMC-DMC Products (Low Voltage) High-quality SMC and DMC components for low and medium voltage applications including busbar supports, insulators for switchboards, electrical meter shells, and MCCB covers.
• Thermoset Injection Moulding PLC controlled servo-controlled thermoset injection moulding machines ranging from 150T to 350T capacity for processing SMC, DMC, melamine polyester and urea formaldehyde materials.
• Compression Moulding PLC controlled servo machines with breathing cycles and transfer moulding options for thermoset components including breaker housings, RMU components, panel bushings, switch fuse bases, and MCB components. Machine capacity from 100T to 2000T.
• Thermoplastic Injection Moulded Components Durable, dimensionally accurate thermoplastic injection molded components for the electrical industry including insulators, enclosures, connectors, and structural components using engineering plastics like Poly Carbonate, Nylons, PBT, Noryl, and Delrins.
• MonoBlocks Monoblocks for electrical transformer distribution manufactured using Automatic Pressure Gelation (APG) technology. Available in current ratings of 1500A, 1700A, 2700A, 3150A, and 4000A.
• Plug In Bushing Epoxy resin plug-in bushings for indoor oil-immersed distribution transformers, compliant with EN 50180/IEC60137 interface A & Cup, up to 36kV and 630A.
• Pultruded Profiles Tailor-made pultrusion profiles including rods, tubes, square-rods, rectangular sections, C/Z/U/T/angle profiles, and corner profiles with high strength, chemical resistance, and electrical insulation properties.
• SMC and DMC Compounds SMC (Sheet Moulding Compound) with 20-60% glass reinforcement for larger parts requiring higher mechanical strength, and DMC (Dough Moulding Compound) with 10-30% short glass fiber reinforcement primarily for injection moulding, manufactured under Menzolit technology licensing.

Quantifiable outcome

• Scope 1 and Scope 2 emission intensity (per unit of sales) reduced by 56.11% from 2019 to 2024, driven by The Zero Carbon Project (TZCP).
• +1 more outcomes

Named customers25 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

One partnership is on record.

• Menzolit GmbHcoreTechnology or Integration · 1 January 2013Menzolit GmbH, a global leader in SMC and BMC compounding with 70+ years of experience, entered a Technology Transfer agreement designating Shubhada Polymers as its exclusive manufacturing partner for the Indian market and neighboring regions (Middle East, Sri Lanka, Bangladesh). The agreement grants Shubhada access to Menzolit's cutting-edge technology, product insights, technical support, and process knowledge, enabling the manufacture of Menzolit-branded SMC and BMC materials using state-of-the-art fully automated PLC and SCADA-equipped machines. This is a Long-Term licensed agreement, also covering the Middle East region for SMC/DMC compound manufacturing.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Röchling: German-headquartered manufacturer of engineered polymer components including electrical insulation and structural parts for industrial OEMs. Highly comparable to Shubhada in serving electrical OEMs with custom-molded thermoset and thermoplastic components.
• Von Roll: Swiss manufacturer of electrical insulation products, including epoxy cast components, resin systems, and insulation materials for transformers, motors, and switchgear. Directly comparable product portfolio to Shubhada's CTs, PTs, bushings, and epoxy castings.
• Krempel Group: German specialty manufacturer of electrical insulation materials, laminates, and polymer components serving transformer, motor, and generator OEMs. Comparable to Shubhada in supplying electrical insulation products to global industrial customers.
• Premix Group: Finnish manufacturer of thermoplastic and thermoset compounds (including BMC and SMC) for electrical, automotive, and industrial applications. Directly comparable as a compound supplier and molded component maker serving the electrical industry.
• Menzolit: German specialty compounder of SMC and BMC thermoset materials with 70+ years of experience. Shubhada's exclusive technology partner for India and the Middle East — a directly comparable compounder and an upstream technology peer.
• IDEC Corporation: Japanese manufacturer of industrial electrical components including switches, relays, and switchgear accessories. Comparable as a switchgear-adjacent components manufacturer serving industrial OEMs globally.
• Elantas (Altana): Global manufacturer of electrical insulation materials including epoxy resins, casting compounds, and varnishes for the electrical and electronics industry. Highly comparable to Shubhada's epoxy casting business and CT/PT production.

Broad incumbents

• Hubbell: US-listed broad electrical components manufacturer spanning utility, construction, and industrial markets. Comparable as a larger incumbent player in the same downstream electrical industry that Shubhada serves.
• Huntsman Advanced Materials: Global specialty chemicals and advanced materials supplier serving electrical, aerospace, and industrial markets with epoxy systems and high-performance polymers. Comparable as a broader incumbent in the specialty polymer space Shubhada occupies.
• Ashland: US-listed specialty chemicals company supplying resins, coatings, and polymer additives to electrical, composites, and industrial markets. Comparable as a broader incumbent supplying materials to the same electrical industry.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/shubhada-polymers-products-private-limited
• Facebookfacebook.com/profile.php

Compliance5 records

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 Shubhada Polymers