Megatherm Induction Company Profile: Products, Promoters and Clients

Megatherm Induction Limited Company Description

Megatherm Induction Limited is engaged in manufacturing of Induction heating and melting products, Transformers, Ladle refining furnaces, Continuous Casting Machines, Fume extraction systems, Electric arc furnaces.

Finding multibagger stocks is important for building wealth. Discover potential multibaggers at Sovrenn Discovery

Q1. What are the Products and Services offered by Megatherm Induction Limited?

The company's product offering includes-

• Induction melting furnace: It is used to melt metals like aluminum and copper and used to make alloys.
• Induction billet heater: It is used for heating steel billets at 1200-1250 Celsius temperature and for heating non-ferrous like copper also.
• Induction Hardening & Heat Treating Equipment: It is used in manufacturing of gas cylinders.
• Induction Power Source: It converts AC from grid to DC and then inverts back to AC.
• Transformers: The company manufactures different types of transformers like Distribution, Power and Converter transformer (used in steel melt shops).
• Ladle Refining Furnace: It acts as a buffer between steel furnace and casting machines.
• Electric Arc Furnace: It is used in melting of all types of scraps (metals).
• Continous Casting Machine: It converts liquid steel into casting  shapes like billets, blooms, slabs or strips.
• Rail Hardening Machines: It is used in hardening of steel rods of railway track.
• Fume Extraction System: Itis used to extract gases released from melting furnaces.

Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at Sovrenn Education  

Q2. Who are the Promoters of Megatherm Induction Limited?

Megatherm Electronics Pvt. Ltd is the promoter entity with 72.63% stake in the company. Here is the management of the company-

Mr. Shesadri Bhushan Chanda: He is the Chairman and MD of the company. He holds a Bachelor's degree in Electrical Engineering from Jadavpur University. He has been recipient of various awards and has more than four decade of work experience.

Mr. Satadri Chanda: He is the Whole-Time Director and CFO of the company. He holds a bachelor's degree in Electronics and Communication Engineering from WBUT and a Master's degree from Virginia University, USA. In the past, he has worked with KPMG’s Management Consulting (Strategy & Operations) division.

Q3. Who are the Clients of the company?

The company's clientele includes Hindalco, BHEL, Tata Motors, Mahindra, Shyam Metallics, Talbros Engineering, CESC Limited, Indian Railways, MM Forgings, Prakash Industries, Sundaram Fasteners Ltd and others.

Also Read:  Permanent Magnets Ltd Company Profile: Products, Promoters and Clients

(Written by Lakshya)