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About the company - Business Profile

Shigan Quantum Technologies Ltd. is an Indian automotive component manufacturer specialized in alternative fuel systems. The company design, develops, and assembles various solutions for clean energy transportation, primarily focusing on Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) fuel systems for Original Equipment Manufacturers (OEMs). Shigan operates as a tier-1 supplier in the automotive ecosystem, playing a role in the transition toward lower-emission vehicular technologies.

Key Points

• Key Facts:
  • Founded: Incorporated in 2008.
  • Headquarters: New Delhi, India.
  • Stock Listing: Listed on the NSE SME platform (listed in April 2022).
  • Core Products: CNG/LNG fuel delivery systems, electronic control units (ECUs), high-pressure regulators, fuel injectors, and alternative fuel engine management systems.
• Operations and Resources:
  • The company operates manufacturing facilities in Gurugram and Manesar, Haryana. These units are equipped for the assembly and testing of high-precision gas fuel kits.
  • Shigan maintains in-house testing and design capabilities, which allow it to customize fuel systems according to specific OEM engine requirements.
• Market and Significance:
  • Strategic Importance: The company is a contributor to India's "Green Mobility" initiatives by providing components that enable vehicles to run on cleaner fuels compared to traditional diesel or petrol.
  • Industries Served: Primarily serves the automotive sector, including Light Commercial Vehicles (LCVs), Medium and Heavy Commercial Vehicles (M&HCVs), and passenger vehicles.
• Sustainability and Innovation:
  • Focuses on the development of hydrogen-blended CNG (H-CNG) and pure hydrogen fuel system components as part of its long-term technology roadmap.
  • Aims to support the shift towards BS-VI (Euro 6) compliant gas-fueled vehicles through advanced engine management software and hardware.
• Business Model:
  • Shigan follows a B2B model, acting as a technical partner and supplier to major automotive OEMs. It is skilled at the precision assembly of high-pressure components and the calibration of engine management systems to ensure fuel efficiency and emission compliance.
• Financial Highlights (FY2024-25):
  • Revenue from Operations: For the fiscal year ending March 31, 2025, the company reported consolidated revenue of approximately ₹228.40 crore, compared to ₹201.15 crore in the previous fiscal year (FY24).
  • Net Profit: The company reported a Profit After Tax (PAT) of ₹7.15 crore for FY25.
  • Revenue Breakdown:
    • The vast majority of revenue is derived from the Automotive Components segment.
    • Geographically, the domestic Indian market accounts for nearly 100% of total sales, with negligible direct export revenue.
• Key Products and Technology:
  • CNG/LNG Filter Systems: High-pressure filtration units for gas-fueled engines.
  • Gas Pressure Regulators: Critical components that reduce gas pressure from storage cylinders to engine operating levels.
  • Electronic Control Units (ECUs): Proprietary or calibrated controllers for fuel injection timing and engine performance monitoring.
• Important Clients and Partnerships:
  • The company maintains long-standing relationships with major Indian OEMs including Tata Motors Limited, Ashok Leyland, and VE Commercial Vehicles (VECV).
• Employee Count:
  • As of March 2025, the company employs approximately 240 permanent staff members across its manufacturing and corporate divisions.
• Strategic Initiatives:
  • The company is currently expanding its production capacity for LNG fuel tanks and heavy-duty gas regulators to cater to the growing demand for long-haul gas trucks in India.
  • Exploring partnerships for the localization of hydrogen fuel cell components.

References

1. Annual Report Mar 2025
2. Annual Report Mar 2024