Subros Limited was founded on February 1985as a private limited company and by October, the company was converted into a public limited company. The Company is the leading manufacturer of thermal products for automotive applications in India.
Mr.Ramesh Suri is thePromoter and Chairman and Ms. Shradha Suri MarwahManaging Director of Subros Limited.
The Suri family owns 36.79% of Subros Limitedand Denso Corporation, Japan owns 20% & 11.96% is owned by Suzuki Motor Corporation,Japan.
Subros has manufacturing plants at Noida, Manesar, Pune, Chennai and Sanand with an annual capacity of 1.5 Million AC Kits per annum.
Subros manufactures compressors, condensers, heat exchangers and all connecting elements required to complete AC loop and caters to all segments forpassenger vehicles, buses, trucks, refrigeration transport, off- roaders &railways.
The company entered into a technical collaboration agreement withNippondenso Co. Ltd.
Japan (Nippondenso) for technicalinformation for implementation of the project and manufacture ofautomotive air-conditioning systems in addition to providing advice inregard to the design, manufacturing, production problems andtrain technical personnel of the company at its factories.
The biggest customer of the Subros Limitedis Maruti Suzuki from which contributes close to 70 per cent of its total turnover. Besides Maruti, the company also supply parts to Tata Motors, Mahindra & Mahindra and Renault-Nissan.
Recently, the company has decided to expand its business beyond Maruti Suzuki by 20-25 per cent in the coming years.
For FY’19 Subros posted a net turnover of Rs 2,134 crore, which is up 11% as compared to Rs 1,920.32 crore in FY’18. In the last fiscal, its PV business stood at Rs 1,900 crore while bus and commercial vehicle business were at Rs 35 crore and Rs 65 crore respectively.
Subros Limitedis a Small Cap company with a market capital of Rs 1143.26 Crore, and as of 31-03-2020, the company has a total of 65,235,750 shares outstanding.
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