- Business
- Shilchar Technologies Limited manufactures a comprehensive range of transformers and related products, including power and distribution transformers up to 50 MVA, 132 kV class; furnace transformers; linear transformers such as R-core, EI, toroidal, and current transformers; telecom and data transformers; standard line transformers in R-core and toroidal models with outputs including 9/18V, 12/24V, and 115/230V; high frequency transformers; control transformers; HV chokes; inductors and chokes for solar and wind energy applications; as well as inverter duty transformers and reactors. The company, founded in 1990 and headquartered in Vadodara, Gujarat, India, serves diverse industrial segments from utilities and renewable energy to electronics and telecom sectors, with operations spanning domestic markets and exports to over 20 countries including the United States (12-15% of exports), Middle East, Africa, Europe, and Far East, generating approximately 50% of revenue from international sales. In recent developments, Shilchar announces its largest capacity expansion at Gavasad, adding 6,500 MVA to reach a total of 14,000 MVA by April 2027 with INR 90 crore investment funded through internal accruals, enabling production of up to 100 MVA, 220 kV class transformers primarily targeting solar parks via bundled offerings with inverter duty transformers; maintains an order book of INR 300 crore (INR 175 crore domestic, INR 125 crore export) as of October 2025, targeting FY26 revenue of INR 750 crore amid 90-95% capacity utilization; reports robust Q2 FY26 results with INR 171 crore revenue (31% YoY growth), 31% EBITDA margin, and INR 46 crore net profit (40% YoY growth); and plans NSE listing before year-end while navigating US tariffs of 50% without order disruptions due to strong demand from data centers and renewables.