Surin Automotive Private Limited
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Surin Automotive Private Limited - overview
Established
1974
Location
Bengaluru, Karnataka, India
Primary Industry
Industrial Machinery
About
Based in Bangalore, India, and founded in 1974, Surin Automotive Pvt. Ltd. focuses on producing automotive parts and assemblies, catering to a wide range of industries. The company operates manufacturing facilities in Bangalore, Chennai, and Uttarakhand.
The company provides a wide range of industrial equipment products, such as earthmoving machinery, material handling vehicles, man-lift access platforms, commercial vehicles, mining and material processing tools, concrete equipment, and tractors for agricultural purposes. Additionally, the firm also provides services, such as equipment maintenance and custom solutions for specific industrial needs. The company generates revenue through direct sales of its core product lines, which include commercial vehicle components and assemblies, construction equipment parts, and seating systems. Surin Automotive Pvt.
Ltd. is focused on launching innovative product lines in the automotive segment, with several new components expected to release by the end of 2024. The company is also planning to expand into international markets, particularly targeting regions such as Southeast Asia and the Middle East by 2025. Recent funding from a Series A round will be allocated to enhance R&D efforts and expand manufacturing capabilities to support this growth strategy.
Primary Industry
Industrial Machinery
Sub Industries
Engineering, Automobiles, Other Vehicles & Parts, Industrial Machinery
Website
www.surinauto.com/
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Surin Automotive Private Limited - financials
| Fiscal Year Ended | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 10,581,528,096 | 6,782,924,123 | 5,437,233,202 | - | - | - |
| % Revenue Growth (YoY) | - | (35.9%) | (19.8%) | - | - | - |
| EBITDA (USD) | 707,214,487 | 397,624,419 | 270,995,591 | - | - | - |
| Operating Income (USD) | 522,740,286 | 176,216,798 | 102,281,403 | - | - | - |
| Operating Margin | 4.9% | 2.6% | 1.9% | - | - | - |
| % EBITDA Margin | 6.7% | 5.9% | 5.0% | - | - | - |
| NET Income (USD) | 312,406,960 | 42,716,156 | 26,864,139 | - | - | - |
| % Net Margin | 3.0% | 0.6% | 0.5% | - | - | - |
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