Igarashi Motors India Limited
356.90
INR
-8.60
(-2.35%)
ISIN
INE188B01013
Return %
Stock
S&P 500
1Y
-30.01
14.39
3Y
-38.35
81.42
5Y
-35.81
68.62
Capital Structure
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INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Rajagopalan Chandrasekaran
- Full Time Employees
- 2,121
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- Plot No. B-12 to B-15 Chennai TN India 600045
- IPO Date
- Jan 10, 1994
- Website
- igarashimotors.com
- Similar Companies
- Business
- Igarashi Motors India Limited manufactures and sells permanent magnet DC motors, brushless DC (BLDC) motors, motor sub-assemblies, and related components primarily for the automotive sector and consumer electrical appliances; its core offerings include precision actuator DC motors for engine air management applications such as electronic throttle control (ETC), exhaust gas recirculation (EGR), crankcase ventilation (CCV), variable geometry turbo (VGT), and wastegate actuators (WGA), as well as safety applications like electric parking brake (EPB), park lock actuators (PLA), electric vacuum pumps (EVP), and gearbox actuators (GBA), vehicle body systems including trunk opening and closing devices (TOCD), and sub-assemblies for seat adjustment, window lift, wipers, fuel pumps, and coolant control hubs; the company also produces BLDC ceiling fan motors with driver electronics (ESDM), printed circuit boards (PCBs), and emerging EV traction motors for two- and three-wheelers. Founded in 1992 and headquartered in Chennai, Tamil Nadu, India, with manufacturing facilities in MEPZ-SEZ Tambaram and Maraimalai Nagar, Igarashi Motors operates through automotive (80% of revenue) and non-automotive segments, exporting over 50% of production to the United States, Japan, Germany, and Hong Kong while serving domestic markets; it functions as a subsidiary of Agile Electric Sub Assembly Private Limited, backed by the Igarashi Group of Japan. Recent developments include the launch of a new assembly line for TOCD motors, industrialization of advanced winding processes for internal BLDC stators in premium passenger vehicle coolant pumps, and serial production of a new body systems program for the global passenger vehicle market in FY2025; the company expanded partnerships with global and Korean Tier-1 suppliers for EPB, seat, and safety applications targeting 20-25 million motors over 4-5 years, achieved 22% market share in BLDC ceiling fans with 3.2 million units supplied, implemented innovative automation and a 400 KW solar power system to boost manufacturing efficiency and renewable energy to 64%, and reported an 81% profit rise in Q2 FY2025 alongside planned capex of ₹47 crore funded internally.