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KRChoksey Research’s IPO Report
Harsha Engineers International Ltd. is the largest manufacturer of precision bearing cages in organised sector in India. It offers diversified suite of precision engineering products across geographies and end-user industries.
Harsha Engineers International’s business comprises of two segments,
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Engineering business, under which it manufactures bearing cages, complex and specialised precision stamped components, welded assemblies and brass castings and cages and bronze bushings; and
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Solar engineering procurement and construction business, under which it provides complete comprehensive turnkey solutions to all solar photovoltaic requirements.
Harsha Engineers International has ~50-60% of the market share in the organised segment of the Indian bearing cages market and 6.5% market share in the global organised bearing cages market for brass, steel and polyamide cages.
Harsha Engineers International is a technology driven company with a strong focus on quality, design and tool development, which has allowed it to develop products suited to its customers’ requirements.
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