The Company (formerly known as Harsha Engineers International Private Limited and Harsha Abakus Solar Private Limited) was incorporated as a private limited company under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated December 11, 2010, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli at Ahmedabad (RoC).Subsequently, the Company’s name was changed to Harsha Engineers International Private Limited pursuant to a composite scheme of amalgamation and arrangement approved by Hon’ble National Company Law Tribunal, Ahmedabad Bench vide order dated December 23, 2021 and a fresh certificate of incorporation consequent to name change was issued by the RoC, on December 31, 2021. The Company was also converted into a public limited company and the name of the Company was changed to Harsha Engineers International Limited. A fresh certificate of incorporation consequent upon conversion from private to public company was issued by the RoC, on January 1, 2022.

Harsha Engineers International is the largest manufacturer of precision bearing cages, in terms of revenue, in organised sector in India, and amongst the leading manufacturers of precision bearing cages in the world. It offers diversified suite of precision engineering products across geographies and end-user industries. The company has approximately 50-60% of the market share in the organised segment of the Indian bearing cages market and 6.5% of the market share in the global organised bearing cages market for brass, steel and polyamide cages in CY 2021. It offers a wide range of bearing cages starting from 20 mm to 2,000 mm in diameter and its bearing cages find its application in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, renewables sectors etc. The company is a technology driven company with a strong focus on quality, design and tool development, which has allowed it to develop products suited to its customers’ requirements. It has the expertise to design and develop advance tooling in-house which enables it to manufacture precision bearing cages and complex and specialised precision stamped components. Bearing cages are critical parts of a bearings and it requires high precision technology to manufacture them.

The company, which housed a team of 253 qualified engineers (including solar EPC business) as of March 31, 2022, along with its decades of experience in bearing cages engineering, enables it to develop specialized products and solutions. Its ability to develop products suited to its customers’ requirements has fostered strong and long term customer relationship which in turn has helped it gain higher margins for its products and better navigate competition. Further, it has been successful in diversifying its product portfolio and improves its current processes in different types of bearing cages mainly due to its design, development and technological capabilities. The company is also an EPC service provider in the solar photovoltaic industry and also provides operations and maintenance services in the solar sector. It has over 10 years of operating history in the solar EPC business. It has an in-house design, engineering, procurement, project management and O&M team which has a combined experience of installing at least 500 MW and more than 60 MW commissioning experience in roof top segment as of March 31, 2022.

Business area of the company

The company’s business comprises: (i) engineering business, under which it manufactures bearing cages (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings; and (ii) solar EPC business, under which it provides complete comprehensive turnkey solutions to all solar photovoltaic requirements.

Key awards, accreditations or recognitions

• 2008-09: Star Performer award received from EEPC India.
  
• 2010: Best Supplier award received from Timken.
  
• 2010-11: Star Performer award received from EEPC India.
  
• 2011: Best Overall Supplier award received from Timken.
  
• 2011: Esteemed Partner award received from NBC Bearings.
  
• 2011: Excellence in Continuous Improvement and Innovation award received from Timken.
  
• 2011-12: Star Performer award received from EEPC India.
  
• 2013: Supplier of the year award received from Schaeffler.
  
• 2013: Development award received from NTN.
  
• 2013-14: Star Performer award received from EEPC India.
  
• 2014: Best Localization award received from Schaeffler.
  
• 2014-15: Star Performer award received from EEPC India.
  
• 2015: Best “Make in India” Support Partner award received from Highly.
  
• 2015: In Recognition of continuous support award received from NBC.
  
• 2016: Best Strategic Partner award received from Highly.
  
• 2016: Best in Class (Quality, Cost & Delivery) award received from NBC.
  
• 2016: Best Improvement award received from NSK.
  
• 2016: Supplier of the year award received from Umbra group.
  
• 2016: Outstanding Cooperation award received from Schaeffler.
  
• 2016: Overall Best Performance award received from Timken.
  
• 2017: Best in Class (Pressed Components) award received from NBC.
  
• 2017-18: Best Quality award received from JTEKT Group, India.
  
• 2018: Best Supplier of the year award received from Timken.
  
• 2018: Excellence in Delivery award received from HIGHLY.
  
• 2016: Award for TPM Excellence Category A 2015 award received from Japan Institute of Plant Maintenance.
  
• 2019: Best Supplier of the Year award received from Timken.
  
• 2019: Gold rating National 5S Excellence Awards award received from Confederation of Indian Industry
  
• 2020: Value award received from Schaeffler.
  
• 2020: 1st Position Poka Yoke Category 5th Best Practices Competition award received from ACMA.
  
• 2021: Platinum Winner Breakthrough Category 41st CII National Kai-zen Competition award received from Confederation of Indian Industry.
  
• 2021: Gold Winner Renovative Category 41st CII National Kai-zen Competition award received from Confederation of Indian Industry.
  
• 2021: Leadership in Collaboration award received from SKF.
  
• 2022: Best Supplier for ‘Extraordinary Support’ from Fiat Automobiles Private Limited.
  
• 2022: Excellence in Consistent Business Support by Timken.
  
• 2022: Excellence in Corporate Citizenship and Sustainability by Timken.
  
• 2022: Excellence in outstanding performance and lasting contributions in achieving the quality targets for the year 2021 – 22 from NSK Bearings India Private Limited.
  

Major events and milestones

• 2003: Establishment of a 100% Export oriented Unit (EOU) at Moraiya, Ahmedabad.
  
• 2009: Partial acquisition of Aastha Tools Private Limited by purchasing its equity shares.
  
• 2010: Established a new production facility in Changshu, Jiangsu province, China.
  
• 2010: Incorporation of Harsha Abakus Solar Private Limited - Turnkey Solution Provider for Solar Photovoltaics.
  
• 2011: Installed large size bearing cage machinery with capacity of 1,000 tonne at Changodar, Ahmedabad.
  
• 2014: Acquisition of Harsha Precision Bearing Components (China) Co. Ltd. (formerly known as BecoTek Precision Bearing Components (Suzhou) Co. Ltd.), located at Suzhou, Jiangsu province, China.
  
• 2016: Acquisition of Harsha Engineers Europe SRL (formerly known as Johnson Metall S.A.) located at Brasov, Romania.
  
• 2019: Commissioning of new plant at Changshu, China.
  
• 2021: Consolidated the engineering business and solar EPC business under a single entity pursuant to the Scheme approved by the National Company Law Tribunal, Ahmedabad Bench.