### **Overview** Sansera Engineering Limited, established in 1981 and headquartered in Bengaluru, India, is a globally integrated manufacturer of high-precision forged and machined components. Catering primarily to OEMs, the company serves both **automotive** (including internal combustion engine, electric, and hybrid vehicles) and **non-automotive** sectors such as **Aerospace, Defence, and Semiconductors (ADS)**. With 17 manufacturing facilities—16 in India and one in Sweden—and over 40 years of experience, Sansera is transitioning from a traditional auto-component supplier to an **engineering-led, multi-industry precision manufacturing leader**. --- ### **Financial & Operational Highlights (FY25 Update)** | **Segment** | **Revenue Contribution (FY25)** | |---------------------------|-------------------------------| | **Auto - ICE** | 73% (Down from 83.4% in FY21–22) | | **xEV & Tech-Agnostic** | 15% (6.9% xEV + 8.9% tech-agnostic) | | **Non-Automotive** | 11% (ADS: 4.4%, Off-Road: 3.4%, Agri: 2.0%, Others: 1.8%) | - The company achieved a balanced CAGR of **18% in revenue and 16% in EBITDA over FY21–FY25**, driven by diversification and strategic capacity addition. - **Exports constitute 63% of the order book** (up from 60%), reflecting robust international demand, particularly from Europe, the US, Japan, and North America. - **60% of projected long-term revenue is secured via contracts**, ensuring business stability amidst industry transition. --- ### **Strategic Segments & Growth Drivers** #### **1. Electric & Tech-Agnostic Mobility (xEV & Tech-Agnostic) – 15% of Revenue** - Sansera is capitalizing on India’s and Europe’s EV adoption, supplying **key EV components** to leading OEMs including: - **Ather, TVS, Bajaj, Ola (potential)** in India - Premium European two-wheeler OEMs - A leading North American EV OEM - Core focus on **lightweight, high-precision components**: aluminum forged parts, rotor shafts, stator shafts, and chassis components compatible with ICE, hybrid, and EV platforms. - **Dedicated EV/Hybrid Manufacturing Facility**: Operational within the Bengaluru plant; mass production of EV and hybrid components began in FY22. - Revenue from xEV and tech-agnostic products grew at **69.66% CAGR (FY22–FY24)**. - **Long-term Goal**: Achieve **20% revenue contribution** from EV and tech-agnostic segments. #### **2. Non-Automotive – Strategic Growth Vector (11%)** Sansera has systematically diversified into high-growth, high-margin non-auto sectors: | **Subsegment** | **Revenue Share (FY25)** | **Key Clients & Opportunities** | |--------------------|--------------------------|--------------------------------| | **ADS (Aerospace, Defence, Semiconductor)** | 4.4% | Airbus Defence & Space, European aircraft OEMs, global semiconductor fab equipment makers | | **Off-Road** | 3.4% | Indian and Japanese OEMs, global fuel injection system suppliers | | **Agriculture** | 2.0% | Global recreational & agricultural vehicle OEMs | | **Others** | 1.8% | Earth-moving equipment, power tools, marine engines | - **ADS Segment Growth**: Revenue reached ₹1,235 million in FY24–25 (+13% YoY), with Q4 growth of 43%. Expecting **40–50% CAGR over next 2–3 years**. - **Strategic Wins**: - **$7.7 million annual contract** for complex aerospace parts. - **INR 1,600 million (USD 18.8 million) 10-year contract** with **Airbus Defence & Space** to manufacture, supply, and support the **Airborne Intensive Care Transport Module (ICTM)**—a first for an Indian supplier. - Secured long-term orders from Saab, Triumph Aerospace, and key semiconductor equipment OEMs. - **Unexecuted Order Backlog in ADS**: Over **INR 39,500 million**, offering a significant competitive moat. #### **3. Aerospace & Defence Capabilities** - Matured aerospace manufacturing over 15+ years. - Capable of producing **components up to 4 meters** using **5-axis machining** in **aluminum, titanium, and steel**. - Class 1000 clean room established for semiconductor and aerospace parts. - A global skilled labor shortage in aerospace manufacturing (US/EU) is accelerating **outsourcing to Indian suppliers** like Sansera. #### **4. Semiconductor (Semicon) Segment – Emerging Opportunity** - Entered mass production of **components for semiconductor fabrication equipment**, after **12–18 months** of technical evaluation by a global leader. - Focus on **high-precision, nano-scale components** with stringent quality standards. - Represents **early-stage, high-potential diversification** aligned with India’s semiconductor mission. --- ### **Customer & Market Expansion** - **Global OEM Footprint**: Supplies to **leading OEMs** and Tier 1s including: - **Automotive**: Maruti Suzuki, Toyota, BMW, Honda, Ferrari, Daimler Group, Bajaj, TVS, Royal Enfield - **Premium Two-Wheelers**: BMW Motorrad (secured a **₹3 billion order for 26 aluminum forged parts**) - **xEV**: North American EV giant (connecting rods order), European Tier 1s - **Customer Diversification**: Reliance on top customers has declined. As of FY24, **39.74% of clients have relationships >20 years**, demonstrating deep trust and stability. - **Geographic Expansion**: - Appointed a senior executive to grow **USA operations** (stationary engines, HCVs). - Expanding into **Japan and Korea** via existing OEM relationships. - **Exports**: Now constitute **63% of order book**, with strong traction in high-margin international markets. --- ### **Capacity & Capex Expansion** - **Total Order Book (Peak Annual Revenue Potential)**: - **INR 21.5 billion (by Sep 2025)** – up from INR 18.5 billion in Mar 2025. - **New Projects & Investments**: - **Karnataka Land Acquisition**: 55-acre site in Harohalli for future manufacturing hub; investment of ~**₹21,000 million** over 3–5 years. - **Pantnagar Facility**: Acquired for ₹350 million; to be operational by Q2 FY25–26. - **Bidadi Plant Expansion**: Brownfield expansion with new forging and machining lines aligned with incoming orders. - **Dedicated xEV & Aerospace Facilities**: Fully operational with clean rooms and automation. - **Forging Capacity**: Multiple new presses commissioned (2,500T, 1,600T, 4,000T planned), supporting large-scale production of aluminum and steel forged components. --- ### **Engineering & Innovation** - **In-House R&D Powerhouse**: - Over **575 engineers** focused on engineering, R&D, automation, and machine building. - Strong in **aluminum forging, 5-axis machining, fatigue testing, FEA simulation**, and **AI-driven process design**. - **Automation & Industry 4.0**: - Fully automated manufacturing cells (CE compliant) in India and Sweden. - Remote monitoring, predictive maintenance, cloud analytics, and AI-driven efficiency. - **557 personnel** dedicated to machine building and automation. - **Machine Building Capability**: - Designs and builds **modular CNC special-purpose machines** in-house, reducing dependency on imports. - Over **900 custom machines** developed, enabling rapid redeployment and cost savings. - **Key Appointments**: - **Amit Gautam**: Named **Chief Technology Officer (CTO)** with 26+ years in powertrain and simulation engineering. - **Satish Kumar**: Transitions to **Chief Customer Relationship Officer (CCRO)**. - **Hari Krishnan**: Appointed CEO, ADS Division. --- ### **Strategic Investments & Innovation Partnerships** - **MMRFIC Investment**: Strategic stake in **MMRFIC Technology Private Limited**, a Bangalore-based R&D firm specializing in **mm-Wave, RF, and AI-driven radar/subsystems**. - Developed a **200-watt Ka-band amplifier** winning the **iDEX Prime X** challenge. - Grants received: iDEX (₹10 crore), DISC (₹1.5 crore), TDF (₹7 crore). - Focus on **defence, satellite, healthcare, and autonomous systems**. - **14,000 sq. ft. Advanced Facility**: For semiconductor packaging (3D, SiP), PCB design, testing, and assembly—enabling **end-to-end solutions**.