Shetron is the quiet backbone behind the names on India’s pantry shelves - a metal packaging specialist that has been making cans and twist-off caps since 1980 from its base in Bangalore. It began life tied to the seasonal rhythms of mango harvests, but a deliberate pivot after crop failures turned it into a year-round supplier to food, beverage, battery and industrial customers. The recurring thread across four decades is an obsession with being a “preferred supplier”: winning not on price alone but on quality so consistent that existing customers keep raising their orders, supported by a two-decade-long Total Productive Maintenance programme and in-house R&D that shaves metal off every can. # Business segments A single metal packaging engine serving four end-markets - food, beverage, battery and industrial - from two factories, with one set of machines, one quality system and one customer promise. ## 1. Metal packaging: the can behind the brand **Shetron makes the metal cans and twist-off caps that hold everything from coffee and ghee to dry-cell batteries, selling directly to processors and brand owners who value leak-proof, tamper-proof containers and a supplier that never disrupts their line.** - **Two factories, one national footprint** - a Bangalore plant serves the south and a Mumbai line serves the west, with both locations upgraded during FY26 and a new Mumbai line commissioned in the same year. An expansion to add lug-cap food-can lines at Bangalore is already underway. - **Cans that do more than hold product** - the range spans food cans for dry goods, fruits, vegetables, meats, seafood, ready-to-eat meals and pet food, plus easy-open ends and full-aperture openings that won awards from Canmaker magazine. Twist-off caps are made in a distinct operational unit, giving the company a closure business alongside its can business. - **Batteries, paints and beyond** - beyond food, the company supplies dry battery cell jackets and components for disposable batteries, and uses non-prime tinplate to make containers for paints and chemicals at a cost advantage over rivals who buy only prime-grade metal. Industrial packaging for non-agro, non-seasonal products was added in FY22 and has drawn good customer response. - **B2B direct, with credit discipline** - every order passes through a customer appraisal before acceptance, and some are backed by letters of credit, so the company gets paid even as it extends trade credit. For battery products, a distribution network reaches local stores, malls and online channels. - **Exports on FOB terms** - the company sells overseas, with export turnover of Rs. 2,835 lakhs in FY26, and added a few global customers during FY25. Foreign exchange outgo on imports was Rs. 1,322 lakhs in the same year, reflecting the raw-material import bill. ## 2. In-house printing, coating and lightweighting: the margin engine inside the factory **Before a can leaves the plant, Shetron prints, coats and engineers it to use less metal - three capabilities it owns rather than outsources, which together lift quality and control cost.** - **Printing and coating under one roof** - the company runs its own printing and coating lines to decorate and protect cans, and upgraded them to keep pace with expanded can-making capacity. This means it does not pay a third-party decorator’s margin and can turn jobs faster. - **Lighter cans, same strength** - in-house R&D continuously works on reducing metal thickness, imparting classic shapes and cutting can weight, which lowers the raw-material bill per unit without compromising performance. - **Twenty-two years of zero-breakdown discipline** - the Total Productive Maintenance programme has been running for over two decades, targeting zero accidents, zero breakdowns and high Overall Equipment Effectiveness, which keeps machines available when customer orders spike. - **Certified for the world’s toughest audit** - the company holds FSSC 22000 (the global food-safety standard that covers HACCP), ISO 9001 for quality, ISO 14001 for environment and ISO 45001 for occupational health and safety, making it audit-ready for multinational customers like Nestlé, which gave it a Golden Circle Supplier recognition. # Group structure and partners **Shetron is a standalone, promoter-led company with no subsidiaries - a family settlement in 2024 consolidated the Executive Chairman’s holding without changing overall promoter control.** - The company has no subsidiaries, joint ventures or associates as of FY26; its earlier wholly owned subsidiary, Shetron Metropak Private Limited, was amalgamated into Shetron in 2019. - Related parties under common control include Fibre Foils Limited, Sansha Systems Limited, Shetron Enterprise Private Limited and Bunts Properties Private Limited. - In June 2024, Executive Chairman Diwakar Sanku Shetty acquired 5,04,280 shares (5.60% of paid-up capital) through an off-market inter-se transfer among promoter-group entities for nil consideration, lifting his personal stake from 19.09% to 24.69% while the aggregate promoter holding stayed unchanged. - Key management personnel are Mr. Diwakar S Shetty (Executive Chairman, based in Mumbai), Mr. Kartik Nayak (Joint Managing Director) and Mr. Praveen Vittal Mally (Joint Managing Director).