Saakshi Medtech & Panels Limited was originally incorporated as a Private Limited Company with the name 'Saakshi Machine and Tools Private Limited' on March 25, 2009 with the Registrar of Companies, Pune, Maharashtra. Later, on January 27, 2012, Company took over the business of proprietorship concern of Lt. Vijay Laxman Latkar, M/s Supreme Industry. Thereafter, the name of Company was changed from 'Saakshi Machine and Tools Private Limited' to 'Saakshi Medtech and Panels Private Limited' on March 16, 2023 and subsequently, the Company got converted into a Public Limited dated June 06, 2023.
Saakshi Medtech & Panels are a diversified company engaged in manufacturing of: i) Electrical Control Panels and Cabinets used in elevators, air compressors, renewal energy industry, oil & gas exploration industry, electrical vehicle charging stations etc, ii) Medical X Ray System used in healthcare industry iii) Fabrication works for locomotives and (iv) wire harness division for captive consumption in electrical control panels and for supply to air compressor industry. Their comprehensive solutions include design, process engineering and manufacturing including fabrication, assembly and testing facilities.
The Company design, program and assemble Electrical Control Panels and Cabinets comprising of micro controller, programmable logic controllers and SCADA system. The end users for products in this category include OEMs producing elevators, wind turbines, air compressors, oil & g ...as exploration equipment, electrical vehicle charging stations or diesel generators. Medical X Ray System manufactured and assembled comprises of X Ray machine, Imaging system, Generator and mechanics. Thereafter, Company is involved in Fabrication of High level Assembly (HLA) to be installed in locomotives including manufacturing and assembly of sensor box, battery boxes, sand boxes, dynamic brake weldment, resistor boxes, oil tank assemblies, snow plow etc.
These fabrication activities were first started in year 2019 when the Company initiated backward integration for mechanical assembly and sheet metal fabrication for Medical X-Ray System and Electrical Control Panels and Cabinets. Recently, it has expanded operations for fabrication works in aerospace industry. The Company has a wire harness division where wiring assembly or cable assembly is undertaken for transmission in signals or electrical power in the electrical cables / wires. Presently, it operate through 3 manufacturing facilities situated in Pune including, engineered layout with process controls and necessary automation for quality and productivity.
The Company made a fresh issue of 46,56,000 Equity Shares by raising funds through Initial Public Offer aggregating to Rs 45.16 Cr in September, 2023.
The Company commissioned the production at Plant III in Pimpri Chinchwad in Haveli Taluka of Pune district in 2023.
Company has starting the production for wind turbine in August, 2024. A new radiator product line has become fully operational in FY 2025.
FAQs on Saakshi Medtech & Panels Ltd
1. Can I buy Saakshi Medtech & Panels Ltd from PL Capital? ›
Yes, you can invest in Saakshi Medtech & Panels Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Saakshi Medtech & Panels Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Saakshi Medtech & Panels Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Saakshi Medtech & Panels Ltd pay dividends? ›
Saakshi Medtech & Panels Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Saakshi Medtech & Panels Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Saakshi Medtech & Panels Ltd. is ₹ 192.05 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Saakshi Medtech & Panels Ltd ? ›
The 52-week high and low of Saakshi Medtech & Panels Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
