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Shigan Quantum Technologies Ltd.

BSE: 535435 Sector: Auto
NSE: SHIGAN ISIN Code: INE03KJ01013
BSE 05:30 | 01 Jan Shigan Quantum Technologies Ltd
NSE 00:00 | 25 Nov 83.55 0
(0.00%)
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Shigan Quantum Technologies Ltd. (SHIGAN) - Company History

The Company was originally incorporated as Shigan Quantum Technologies Private Limited on October 20 2008 at New Delhi as a Private Limited Company under the Companies Act 1956 with the Registrar of Companies National Capital Territory of Delhi and Haryana. Subsequently Company got converted into Public Limited Company pursuant to Special Resolution passed by the Shareholders of Company in their meeting held on September 29 2021 and the name of Company was changed to Shigan Quantum Technologies Limited and a Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited dated October 12 2021 was issued by Registrar of Companies Delhi. The Company is presently promoted by Mr. Shishir Agrawal Mr. Gagan Agrawal Shigan Autotronics Private Limited SAShigan Trust and GA Shigan Trust.The Company is engaged in the business of designing developing and manufacturing of varieties of Alternate Fuel Systems including CNG LNG and Hydrogen Fuel Kit systems to OEM's and others. The Company manufacture Alternate Fuel Systems for heavy duty vehicles light duty vehicles and off- highway applications. Shigan Quantum Technologies Limited was incorporated in the year 2008 with an object to manufacture alternate fuel systems in India. Subsequently the Company gained expertise in various products in the alternate fuel systems especially in CNG and LNG fuel kits within automotive industry through its in-house expertise and technical assistance. The Company sourced its critical technologies from MNC companies with whom it has long term technology user agreement / manufacturing license. The Company has entered into technology agreements with companies for developing exclusive products customised to their requirements. It has got exclusive manufacturing rights in India for these products after their development. The Company is engaged in designing optimizing manufacturing assembling testing and kit integration of alternate fuel systems/kits for heavy/light duty commercial vehicles and buses power generation equipment and industrial equipment viz. forklifts etc. The Company aim to localize the components of Euro-VI CNG kits in India which will help to reduce the cost of the total system.The Company's portfolio of technologies includes electronic controls hybrid electric drive systems hydrogen storage and meeting systems and alternative fuel technologies that enable fuel efficient low emission hybrid plug-in hybrid electric fuel cell and alternative fuel rail. The Company had formed strategic alliance in India with Rail Nira EMS Concept Teleflow Westport and FirePro servicing more than 50 parts to TATA Motors Volvo Eicher Commercial Vehicles India JBM Greaves Cotton Limited Albonair Pinnacle Engines Ashok Leyland Baxy etc.The Company imports raw materials from countries like Singapore USA Chicago Mexico Switzerland China Hong Kong UAE Italy France etc. It procure raw materials from domestic suppliers located in Pune Gurugram Ghaziabad Bangalore and other domestic market in India as well. Apart from this the Company export certain components of CNG Fuel Systems to countries like New Jersey Australia Italy Sweden Canada.In 2019 the Company was awarded Supplier of the Year at the Vendor's meet 2019.Since April 2020 Company ventured into manufacturing of Fire Detection & Alarm System and Fire Detection & Suppression System (FDAS &FDSS).The Company was awarded Certificate of Recognition for Best HR initiative of the Year-WFH Management at Energy HR summit India in year 2021.

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