Sona BLW Precision Forgings Ltd. (Sona Comstar)
Company Profile
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Business Overview
-A leading Indian parts manufacturer of differential gears, motors, etc.
-The company established as Sona Okegawa Precision Forgings Limited in 1995. In 2013, the company was renamed as Sona BLW Precision Forgings Limited (SBPF). The company has done the acquisition of Comstar Automotive Technologies Private Ltd, then since 2019, the combined entity is called "Sona Comstar".
-SBPF designs, manufactures and supplies mission-critical automotive systems and components to automotive OEMs across US, Europe, India and China.
-The Company has 10 plants across India, USA, Mexico and China, of which six are located in India. It has four state-of-the-art R&D centers in India (Gurugram and Chennai) and 1 tool and die shop in Gurugram.
Shareholders
-Listed on Bombay Stock Exchange and National Stock Exchange of India. | (As of Mar. 31, 2024) |
Category | Shareholding Ratio (%) |
Aureus Investment Private Limited (formerly known as Sona Autocomp Holding Private Limited) | 29.71 |
Mutual Funds | 23.00 |
Foreign Protfolio Investors | 32.93 |
Others / Public | 14.36 |
Total | 100.0 |
Products
Sona BLW Precision Forgings Limited
- Inter-axle differential assemblies
- Driveline components for Transmission
- Driveline components for Axle
- Differential assemblies for automobile axles
- Bevel Gears
- E-Axle 1.0
- Mechanical Front Wheel drive
- Case differential assemblies
- Heavy-duty couplings
Sona Comstar
Driveline Division
Precision Forged Gears
- Park Gears
- Differential Gears
- Mechanical Differential Lock Gears
- Electronic Differential Lock Gears
- Limited Slip Differential Gear
- Differential Gears with Forged External Splines
- Inter-Axle Differential Gears
- Portal Axle Gears
- Rotavator Gears
- Cylindrical, Transmission, Spur, Sun & Planetary Gear Sets
- Spiral Bevel Gears
- Steering Bevel Gear Box
- Robotic Gears
Forged Coupling
- Engaging Sleeves
- Curvic Coupling
Differential Assembly
- Open Differential Assembly
- Preloaded Differential Assembly
- Sealed Differential Assembly
- Limited Slip Differential Assembly
- Final Drive Assembly
e-Drive
- e-Axle
- e-Transmission
- Spool Gears
- Epicyclic Geartrain
Electrical Division
- Starter Motor
- Alternator
- Hub-Wheel Motor
- Drive Motor
- Belt Start Generator
- Controller
Electric 2-Wheeler
- Controller
- Hub-Wheel Motor (BLDC)
- Drive Motor (PMSM)
Electric 4-Wheeler
- Controller
- Traction Motor (PMSM)
- Differential Bevel Gears
- Differential Assembly
- Integrated Motor Controller Module ( for Predictive Active Suspension)
- Spool Gears
- Epicyclic Geartrain
- Electronically Locking Differential (EDL)
- Input/Rotor Shaft
- Intermediate Gears
Sensors and Software
- In-cabin and Short range radar sensors
- 360° short-range radar sensors
- zone monitoring sensors
- hardware-in-loop (HIL) systems
- ECU hardware/software platform
History
Jan. 1985 | Technical Agreement with Koyo Seiko (presently JTEKT) of Japan for Manual Steering Gear and Column. |
Feb. 1986 | Sona Steering enters a JV agreement with Maruti Udyog Ltd. (presently Maruti Suzuki) |
Oct. 1987 | Sona Steering Systems Ltd. commences production. |
May 1988 | Sona Steering Systems Ltd. lists through the issuance of an IPO. |
Jul. 1992 | Koyo Seiko (presently JTEKT) acquires a 8% stake in Sona Steering Ltd. |
Aug. 1994 | Sona Steering certified as an approved vendor to Koyo Seiko (presently JTEKT) |
Sep. 1994 | Incorporation of Mahindra Sona Ltd. |
Mar. 1995 | Mahindra Sona acquired the MSL Division of M&M. |
Jul. 1995 | Technical collaboration with Koyo Seiko for Power Steering Gear. |
Dec. 1995 | Joint Venture company formed with Mitsubishi Materials - Sona Okegawa. Sona Somic Lemforder Components commences production. |
May 1997 | Koyo Seiko (presently JTEKT) increased its stake to 20.5%. |
Nov. 1997 | Sona Cold Forgings commenced production. |
Oct. 1998 | Sona Steering changed its name to Sona Koyo Steering Systems Ltd. |
Nov. 1998 | Sona Okegawa commenced production of bevel gears for domestic market and exports. |
Sep. 2004 | Sona Koyo inaugurated 100% EOU in Chennai. |
Nov. 2004 | Acquired 21% stake in Fuji Autotech France S.A.S. |
Jan. 2006 | Sona Group started SIXT mobility business as a master franchisee for India. |
Jul. 2006 | Merger of Sona Somic Lemforder and Sona Cold Forging Ltd. |
Nov. 2007 | Formation of 4 joint ventures: 1. JTEKT - Sona Automotive India Ltd. 2. Fuji Kiko - Sona Fuji Kiko Automotive Ltd. 3. American Axle - AAM Sona Axle Pvt. Ltd. 4. Arjan Auto - Arjan Stampings Ltd. |
Jan. 2008 | Acquired ThyssenKrupp Prazisionsschmiede GmbH from ThyssenKrupp Technologies AG. |
2011 | Sold AAM Sona Axle Private Limited to American Axle & Manufacturing. |
2012 |
Sold stake in Sona Somic Lemforder Components Limited to ZF Friedrichshafen AG. Sona Koyo Steering Systems Ltd. acquired the remaining 30.08% stake of Sona Stampings Limited (SSL) from Arjan Auto Private Limited, making SSL a wholly-owned subsidiary of the Company. |
2013 | Sona Koyo Steering Systems Ltd. divested its entire holding of joint venture Fuji Autotech Europe S.A.S. to its joint venture partner, Fuji Kiko Europe S.A.S. for EUR 7.75 million. |
Feb. 2017 | Sona Group sells its entire stake in Sona Koyo Steering Systems Limited to JTEKT Corporation |
Mar. 2017 | Sona Group acquires Mitsubishi Materials' entire stake in Sona BLW Precision Forgings Limited |
April 2018 | Name changed from Sona Koyo Steering Systems Limited to JTEKT India Limited |
Aug. 2019 | Joint Venture company SONA COMSTAR formed between Sona BLW Precision Forging, Blackstone and Comstar Automotive. This company to create an India centric, EV focused automotive technology platform. |
Sep. 2020 | Winning Group a.s. (CZ)) acquires the assets of Sona BLW Praezisionsschmiede GmbH and Sona Autocomp Germany GmbH. |
Dec. 2021 | Opens R&D centre for EV components in Chennai, India |
Apr. 2023 | Inaugurated plant in Chakan, Pune |
Apr. 2024 | Inaugurated new plant in Silao (Mexico) |
Supplemental Information 1
Data archives
>>>FY ending Mar. 31, 2022
>>>FY ending Mar. 31, 2023
Note: Figures in brackets ( ) indicate a loss