- CEO
- Shesadri Bhusan Chanda
- Full Time Employees
- 305
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- Plot- L1, Sector-V, Electronic Complex, Salt Lake Kolkata WB India 700091
- IPO Date
- Feb 5, 2024
- Business
- Megatherm Induction Ltd. (MEGATHERM:NSI) manufactures and sells induction heating and melting equipment for metalworking applications. The company offers a diverse portfolio of products and services, including induction melting furnaces, induction billet heaters, modular billet heaters, induction wire heaters, bar end heaters, ladle preheaters, induction hardening and heat-treating equipment, induction heating power sources, transformers, ladle refining furnaces, electric arc furnaces, fume extraction systems, continuous casting machines, molding machines, sand plants, vacuum melting systems; automation solutions such as ARC furnace and LRF automation, CCM automation, heater automation, IMF automation, plant load management, and remote servicing via Megalink; as well as turnkey solutions, steel melt shop equipment, forging shop and mass heating equipment, pipes and tube heating and welding systems, power distribution equipment, and solid-state power supplies for induction melting and heating. Founded in 2010 and headquartered in Kolkata, West Bengal, India, with a manufacturing plant in Kharagpur, the company operates primarily in domestic markets while exporting to over 51 countries through more than 3,000 installations, serving industries such as steel, foundry, forging, and other metalworking sectors. Megatherm Induction Ltd. lists on the NSE SME platform following a successful IPO in February 2024, which debuted with an 83% gain and resulted in a market capitalization exceeding INR 494 crore. In 2024-2025, the company reported a healthy order book, secured new clients, expanded into new geographies, advanced CAPEX projects, and prepared for the soft launch of its Hybrid converter technology. Part of the Megatherm Group, which includes Megatherm Electronics Pvt Ltd., the company employs over 300 staff, including more than 100 engineers dedicated to sales, service, R&D, and engineering, and maintains a strong focus on in-house innovation.