- CEO
- Kabir Ghumman
- Full Time Employees
- 1,029
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- Eros Corporate Tower New Delhi DE India 110019
- IPO Date
- Jun 18, 1984
- Business
- Shivalik Bimetal Controls Limited manufactures thermostatic bimetal and trimetal strips, components, shunt resistors, precision stainless steel parts, snap action discs, reflow solder and presoldered strips, electron beam welded materials with multi-gauge and multi-metal strips, spring rolled stainless steels, cold bonded bimetal strips and parts, and electrical contacts; the company specializes in advanced joining methods including diffusion bonding, cladding, electron beam welding, solder reflow, and resistance welding to produce precision components for switchgears, circuit breakers, protective relays, metering devices, automotive applications including electric vehicles and battery management systems, energy storage, power modules, consumer electronics, telecommunications, renewable energy systems, industrial equipment, defense, and domestic appliances. Founded in 1984 and headquartered in New Delhi, India, with its registered office and manufacturing plant in Chambaghat, District Solan, Himachal Pradesh, Shivalik Bimetal Controls operates globally, serving over 275 customers across more than 37 countries, with key markets in India, Europe, the Americas, and Asia; its diversified revenue streams include strong domestic growth from India's smart meter transition and exports supported by relationships with original equipment manufacturers. Recent developments include the Ghumman family increasing its promoter stake from 25.5% to 33.15% in September 2024 alongside the entry of prominent institutional investors such as SBI Mutual Fund, Franklin Templeton Mutual Fund, DSP Mutual Fund, White Oak Capital Mutual Fund, HSBC Mutual Fund, Aditya Birla Mutual Fund, and UTI Mutual Fund through bulk deals totaling over 10 million shares; a Memorandum of Understanding signed with Metalor Technologies International SA, a leading Swiss electrical contacts manufacturer, to enhance the electrical contacts segment as a third growth pillar leveraging expertise in precious metals and advanced materials; approval for acquisition of industrial land and building in Solan, Himachal Pradesh from Kulja in November 2025 to support expansion; and sustained investments in a planned Centre of Excellence for R&D, precision tooling, and pilot prototyping amid record program wins in automotive and industrial segments, with H1 FY26 revenue reaching Rs 274 crore and PAT up 26% year-over-year.