Shanthi Gears

  • Market Cap: Small Cap
  • Industry: Industrial Manufacturing
  • ISIN: INE631A01022
  • NSEID: SHANTIGEAR
  • BSEID: 522034
INR
668.00
-5 (-0.74%)
BSENSE

Sep 23, 11:36 AM

BSE+NSE Vol: 27.25 k

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

27.25 k (-55.01%) Volume

Shareholding (Jun 2026)

FII

3.13%

Held by 30 FIIs

DII

0.23%

Held by 1 DIIs

Promoter

70.47%

Why is Shanthi Gears Ltd. falling/rising?

06-Sep-2026

As of 05-Sep, Shanthi Gears Ltd. is seeing its stock price rise to 619.10, a 5.99% increase, driven by strong recent performance, increased trading volume, and positive market sentiment despite some long-term concerns. The stock has reached a new 52-week high and is trading above key moving averages, indicating a bullish trend.

As of 05-Sep, Shanthi Gears Ltd. is experiencing a rise in its stock price, currently at 619.10, which reflects a change of 35.0 or 5.99% increase. This upward movement can be attributed to several factors. Notably, the stock has outperformed the sector by 6.21% today and has been on a consecutive gain streak for the last five days, accumulating a total return of 19.67% during this period. Additionally, the stock opened with a gain of 2.82% today and reached a new 52-week high of Rs. 638.4, marking a significant intraday increase of 9.3%.<BR><BR>The trading activity also indicates rising investor participation, with a delivery volume of 2.42 lacs on 03 September, which is a substantial increase of 390.67% compared to the five-day average. Furthermore, Shanthi Gears is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend. The stock's liquidity is adequate for trading, as it is based on 2% of the five-day average traded value.<BR><BR>Despite some negative factors, such as poor long-term growth and declining net sales, the current market sentiment appears to be positive, driven by recent performance metrics and increased trading volume. The company is also net-debt free, which may contribute to investor confidence. Overall, these elements are contributing to the rising stock price of Shanthi Gears Ltd.

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Should I buy, sell or hold Shanthi Gears Ltd.?

02-Sep-2026

Who are in the management team of Shanthi Gears?

01-Sep-2026

The management team of Shanthi Gears includes M Karunakaran (Whole Time Director & CEO), Mukesh Ahuja, Arun Venkatachalam (Directors), Arunachalam Murugappa Arunachalam (Chairman), and Walter Vasanth P J (Company Secretary). It also features several Independent Directors, including J Balamurugan, SOUNDARA KUMAR, S K Sundararaman, N Krishna Samaraj, and L Ramkumar.

The management team of Shanthi Gears includes the following individuals:<BR><BR>1. **M Karunakaran** - Whole Time Director & CEO<BR>2. **Mukesh Ahuja** - Director<BR>3. **Arun Venkatachalam** - Director<BR>4. **Arunachalam Murugappa Arunachalam** - Chairman (Non-Executive)<BR>5. **Walter Vasanth P J** - Company Secretary & Compliance Officer<BR><BR>Additionally, there are several Independent Directors on the board:<BR><BR>1. **J Balamurugan** - Independent Director<BR>2. **SOUNDARA KUMAR** - Independent Director<BR>3. **S K Sundararaman** - Independent Director<BR>4. **N Krishna Samaraj** - Independent Director<BR>5. **L Ramkumar** - Independent Director<BR><BR>This team plays a crucial role in guiding the company's strategic direction and ensuring compliance with regulations.

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What does Shanthi Gears do?

01-Sep-2026

Shanthi Gears Ltd. is a small-cap gear manufacturing company established in 1969, with recent quarterly net sales of ₹115 Cr and a net profit of ₹10 Cr. It operates in the industrial manufacturing sector and has a market cap of ₹4,028 Cr.

Overview:<BR>Shanthi Gears Ltd. is a gear manufacturing company operating in the industrial manufacturing sector and classified as a small-cap entity.<BR><BR>History:<BR>Shanthi Gears Ltd. was promoted in 1969 as a partnership concern and transitioned to a Private Limited Company in July 1972. It later became a Public Limited Company in March 1986. The latest quarterly results reported net sales and profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 115 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 10 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 4,028 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 60.00<BR>- Industry P/E: 41<BR>- Dividend Yield: 1.03%<BR>- Debt Equity: -0.32<BR>- Return on Equity: 15.31%<BR>- Price to Book: 9.03<BR><BR>Contact Details:<BR>Address: 304-A Trichy Road, Singanallur Coimbatore Tamil Nadu : 641005<BR>Tel: 91-0422-2273722-34<BR>Email: cs@shanthigears.com<BR>Website: http://www.shanthigears.com

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Who are the peers of the Shanthi Gears?

01-Sep-2026

Shanthi Gears' peers include GMM Pfaudler, Texmaco Rail, Hirect, and others. In terms of management risk, growth, and capital structure, Shanthi Gears shows average performance, with a 1-year return of -6.01%.

Peers: The peers of Shanthi Gears are GMM Pfaudler, Texmaco Rail, Hirect, WPIL, Pitti Engg., John Cockerill, The Anup Enginee, Windsor Machines, Jash Engineering, and Aimtron.<BR><BR>Quality Snapshot: Excellent management risk is observed at GMM Pfaudler, Hirect, Pitti Engg., and The Anup Enginee, while Average management risk is found at Texmaco Rail, WPIL, John Cockerill, Shanthi Gears, Windsor Machines, Jash Engineering, and Aimtron. Good growth is noted at Hirect, Pitti Engg., and GMM Pfaudler, while Below Average growth is seen at Texmaco Rail, WPIL, John Cockerill, Shanthi Gears, The Anup Enginee, Windsor Machines, Jash Engineering, and Aimtron. Excellent capital structure is present at Hirect, Shanthi Gears, The Anup Enginee, and Jash Engineering, while Average capital structure is found at Pitti Engg. and Good capital structure is noted at GMM Pfaudler and Windsor Machines.<BR><BR>Return Snapshot: John Cockerill has the highest 1-year return at 87.96%, while Texmaco Rail has the lowest at -20.45%. Shanthi Gears' 1-year return is -6.01%, which is better than Texmaco Rail but worse than John Cockerill. Additionally, the six-month return is negative for Texmaco Rail and The Anup Enginee.

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How big is Shanthi Gears?

01-Sep-2026

As of 31st August, Shanthi Gears Ltd. has a market capitalization of 4,028.00 Cr, with recent net sales of 499.32 Cr and a net profit of 63.82 Cr.

As of 31st August, Shanthi Gears Ltd. has a market capitalization of 4,028.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Shanthi Gears reported Net Sales of 499.32 Cr and a Net Profit of 63.82 Cr.<BR><BR>The latest annual period for the balance sheet is March 2026, with Shareholder's Funds amounting to 440.06 Cr and Total Assets valued at 548.57 Cr.

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Are Shanthi Gears Ltd. latest results good or bad?

30-Jul-2026

Shanthi Gears Ltd.'s latest Q1 FY27 results are concerning, showing a 56.59% decline in net profit to ₹9.85 crore and a 14.38% drop in revenue to ₹115.49 crore, marking the lowest sales in over two years. The significant deterioration in operating and profit margins indicates operational challenges, making these results unfavorable for the company.

Shanthi Gears Ltd.'s latest results for Q1 FY27 indicate a concerning performance. The company reported a net profit of ₹9.85 crore, which represents a significant decline of 56.59% year-on-year. Revenue also fell to ₹115.49 crore, down 14.38% compared to the same quarter last year, marking the lowest quarterly sales figure in over two years.<BR><BR>The operating margin has deteriorated sharply to 13.14%, down from 22.62% in the previous year, reflecting severe operational challenges. Additionally, the profit after tax (PAT) margin has compressed to 8.53%, down from 16.82% year-on-year.<BR><BR>Overall, these results highlight a troubling trend for Shanthi Gears, characterized by declining revenues, shrinking margins, and a significant drop in profitability. The company is facing operational headwinds that have led to a negative market response, with the stock underperforming relative to its peers in the Industrial Manufacturing sector. Given these factors, the latest results can be considered bad for the company.

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Has Shanthi Gears Ltd. declared dividend?

23-Jan-2026

Yes, Shanthi Gears Ltd. has declared a dividend of 300%, with an ex-date of January 29, 2026. The company has shown varying total returns over different periods, with significant long-term growth.

Shanthi Gears Ltd. has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 300%<BR>- Ex-date: 29 Jan 26<BR><BR>Dividend Yield: 1.12%<BR><BR>Total Returns by Period:<BR>In the 3 Months period, the price return was -14.19%, the dividend return was 0.59%, resulting in a total return of -13.6%.<BR><BR>In the 6 Months period, the price return was -21.9%, the dividend return was 0.53%, leading to a total return of -21.37%.<BR><BR>In the 1 Year period, the price return was -1.92%, the dividend return was 1.93%, culminating in a total return of 0.01%.<BR><BR>In the 2 Years period, the price return was -19.48%, the dividend return was 2.44%, resulting in a total return of -17.04%.<BR><BR>In the 3 Years period, the price return was 30.43%, the dividend return was 4.46%, leading to a total return of 34.89%.<BR><BR>In the 4 Years period, the price return was 178.46%, the dividend return was 11.36%, culminating in a total return of 189.82%.<BR><BR>In the 5 Years period, the price return was 271.7%, the dividend return was 17.66%, resulting in a total return of 289.36%.<BR><BR>Overall, Shanthi Gears Ltd. has declared a significant dividend and has shown varying total returns across different periods, with a notable increase in returns over the longer term. The recent dividend declaration and the positive long-term performance may be encouraging for investors.

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When is the next results date for Shanthi Gears Ltd.?

13-Jan-2026

The next results date for Shanthi Gears Ltd. is January 22, 2026.

The next results date for Shanthi Gears Ltd. is scheduled for January 22, 2026.

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Is Shanthi Gears technically bullish or bearish?

03-Dec-2025

As of December 2, 2025, Shanthi Gears is in a bearish trend with moderate strength, indicated by bearish signals from the MACD, KST, Bollinger Bands, and moving averages, alongside a lack of momentum in the RSI and negative returns compared to the Sensex.

As of 2 December 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Shanthi Gears is bearish with a moderate strength. Key indicators driving this stance include the weekly MACD and KST both showing bearish signals, along with bearish readings from the Bollinger Bands and daily moving averages. The RSI shows no signal on both weekly and monthly time frames, indicating a lack of momentum. Overall, the absence of a clear trend in Dow Theory and the negative stock returns compared to the Sensex further support the bearish outlook.

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How has been the historical performance of Shanthi Gears?

03-Nov-2025

Shanthi Gears has shown consistent growth, with net sales increasing from 215.53 Cr in Mar'21 to 604.62 Cr in Mar'25, and profit after tax rising from 20.17 Cr to 96.03 Cr in the same period, reflecting strong operational efficiency and enhanced shareholder value. Total assets grew from 278.90 Cr to 499.06 Cr, indicating balanced growth.

Answer:<BR>The historical performance of Shanthi Gears shows a consistent growth trajectory in net sales and profitability over the years.<BR><BR>Breakdown:<BR>Shanthi Gears has demonstrated significant growth in net sales, increasing from 215.53 Cr in Mar'21 to 604.62 Cr in Mar'25. This upward trend reflects a steady rise in total operating income, which also rose from 242.29 Cr in Mar'20 to 604.62 Cr in Mar'25. The company's total expenditure has similarly increased, from 188.88 Cr in Mar'21 to 475.89 Cr in Mar'25, yet the operating profit (PBDIT) has improved markedly, reaching 143.39 Cr in Mar'25 compared to 34.93 Cr in Mar'21. Profit before tax has also seen a substantial increase, from 26.07 Cr in Mar'21 to 130.09 Cr in Mar'25, leading to a profit after tax of 96.03 Cr in Mar'25, up from 20.17 Cr in Mar'21. The earnings per share have risen from 2.63 in Mar'21 to 12.52 in Mar'25, indicating enhanced shareholder value. On the balance sheet, total assets grew from 278.90 Cr in Mar'20 to 499.06 Cr in Mar'25, while total liabilities increased from 322.95 Cr to 499.06 Cr during the same period, reflecting a balanced growth in both assets and liabilities. Cash flow from operating activities has improved significantly, reaching 90.00 Cr in Mar'25, compared to 30.00 Cr in Mar'21, showcasing the company's strong operational efficiency.

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Who are the top shareholders of the Shanthi Gears?

17-Jul-2025

The top shareholder of Shanthi Gears is Tube Investments Of India Limited, holding 70.46%. Other significant shareholders include Pacific Assets Trust Plc at 2.9%, individual investors with 20.68%, and foreign institutional investors holding 3.26%.

The top shareholders of Shanthi Gears include the promoters, with Tube Investments Of India Limited holding the largest share at 70.46%. In terms of public shareholders, Pacific Assets Trust Plc is the highest with a holding of 2.9%. Additionally, individual investors collectively hold 20.68% of the company's shares. The company also has 6 mutual fund schemes holding a small portion of 0.2%, and 36 foreign institutional investors (FIIs) holding 3.26%.

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Is Shanthi Gears overvalued or undervalued?

09-Jun-2025

As of December 22, 2021, Shanthi Gears is considered very expensive and overvalued with a PE ratio of 40.34, significantly higher than its peers, indicating caution for potential investors despite a recent strong performance.

As of 22 December 2021, the valuation grade for Shanthi Gears has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 40.34, an EV to EBITDA of 29.05, and a Price to Book Value of 9.61, all of which suggest that the stock is trading at a premium compared to its earnings and assets.<BR><BR>In comparison to its peers, Shanthi Gears' PE ratio is notably higher than Samvardhana Motherson, which has a PE of 29.14 and is rated as attractive. Additionally, Bosch, classified as expensive, has a PE of 46.21. The substantial difference in these ratios highlights Shanthi Gears' overvaluation in the current market context. Despite a strong recent performance, with a 1-week return of 5.68% compared to the Sensex's 1.40%, the overall valuation metrics suggest caution for potential investors.

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iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

Poor long term growth as Net Sales has grown by an annual rate of 14.17% and Operating profit at 16.23% over the last 5 years

 
2

With a fall in Net Sales of -14.52%, the company declared Very Negative results in Jun 26

3

With ROE of 15.3, it has a Very Expensive valuation with a 11.7 Price to Book Value

4

Despite the size of the company, domestic mutual funds hold only 0.03% of the company

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Industrial Manufacturing

stock-summary
Market cap

INR 5,125 Cr (Small Cap)

stock-summary
P/E

76.00

stock-summary
Industry P/E

40

stock-summary
Dividend Yield

0.79%

stock-summary
Debt Equity

-0.32

stock-summary
Return on Equity

15.31%

stock-summary
Price to Book

11.71

Revenue and Profits:
Net Sales:
115 Cr
(Quarterly Results - Jun 2026)
Net Profit:
10 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0.79%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
48.43%
0.45%
48.88%
6 Months
53.88%
0.46%
54.34%
1 Year
20.2%
0.95%
21.15%
2 Years
8.76%
1.63%
10.39%
3 Years
45.01%
3.42%
48.43%
4 Years
109.93%
5.56%
115.49%
5 Years
280.19%
13.98%
294.17%

Latest dividend: 2 per share ex-dividend date: Jul-17-2026

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

News

Shanthi Gears Surges 19.49%: 6 Key Factors Driving the Rally

Announcements stock-summary

Stepping Down Of Head Strategic Sourcing

15-Sep-2026 | Source : BSE

Stepping down of Head Strategic Sourcing

Announcement under Regulation 30 (LODR)-Change in Management

03-Sep-2026 | Source : BSE

Appointment of Chief Financial Officer and Head HR

Clarification On Price Movement

26-Aug-2026 | Source : BSE

Clarification on Price Movement

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

Shanthi Gears Ltd. has declared 200% dividend, ex-date: 17 Jul 26

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
14.17%
EBIT Growth (5y)
16.23%
EBIT to Interest (avg)
84.24
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-0.32
Sales to Capital Employed (avg)
1.39
Tax Ratio
26.01%
Dividend Payout Ratio
39.94%
Pledged Shares
0
Institutional Holding
3.36%
ROCE (avg)
33.88%
ROE (avg)
20.88%

Valuation key factors

Factor
Value
P/E Ratio
76
Industry P/E
40
Price to Book Value
11.71
EV to EBIT
70.49
EV to EBITDA
56.60
EV to Capital Employed
16.74
EV to Sales
10.04
PEG Ratio
NA
Dividend Yield
0.79%
ROCE (Latest)
29.33%
ROE (Latest)
15.31%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
Bearish
Bearish
Bollinger Bands
Mildly Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Mildly Bullish
Dow Theory
Mildly Bearish
Bullish
OBV
No Trend
Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Jun 2026stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 5 Schemes (0.01%)

FIIs

Held by 30 FIIs (3.13%)

Promoter with highest holding

Tube Investments Of India Limited (70.46%)

Highest Public shareholder

Pacific Assets Trust Plc (2.9%)

Individual Investors Holdings

21.11%

stock-summaryFinancial
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          "val2": "96.03",
          "chgp": "-20.17%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "20.03%",
          "val2": "21.29%",
          "chgp": "-1.26%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Standalone) - Jun'26 - QoQstock-summary

Jun'26
Mar'26
Change(%)
Net Sales
115.49
135.10
-14.52%
Operating Profit (PBDIT) excl Other Income
15.18
23.89
-36.46%
Interest
0.11
0.00
Exceptional Items
0.00
-3.22
100.00%
Standalone Net Profit
9.85
16.27
-39.46%
Operating Profit Margin (Excl OI)
13.14%
17.68%
-4.54%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Jun 2026 is -14.52% vs 15.65% in Mar 2026

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Jun 2026 is -39.46% vs 0.49% in Mar 2026

Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary

Sep'25
Sep'24
Change(%)
Net Sales
266.80
293.90
-9.22%
Operating Profit (PBDIT) excl Other Income
57.03
62.81
-9.20%
Interest
0.00
0.00
Exceptional Items
0.00
0.00
Standalone Net Profit
44.20
47.29
-6.53%
Operating Profit Margin (Excl OI)
21.38%
21.37%
0.01%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is -9.22% vs 14.42% in Sep 2024

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2025 is -6.53% vs 20.82% in Sep 2024

Nine Monthly Results Snapshot (Standalone) - Dec'25stock-summary

Dec'25
Dec'24
Change(%)
Net Sales
383.62
451.41
-15.02%
Operating Profit (PBDIT) excl Other Income
80.02
97.76
-18.15%
Interest
0.00
0.00
Exceptional Items
-1.56
0.00
Standalone Net Profit
60.39
73.57
-17.91%
Operating Profit Margin (Excl OI)
20.86%
21.66%
-0.80%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2025 is -15.02% vs 18.04% in Dec 2024

Direction Arrows
Standalone Net Profit

YoY Growth in nine months ended Dec 2025 is -17.91% vs 30.05% in Dec 2024

Annual Results Snapshot (Standalone) - Mar'26stock-summary

Mar'26
Mar'25
Change(%)
Net Sales
518.72
604.62
-14.21%
Operating Profit (PBDIT) excl Other Income
103.91
128.73
-19.28%
Interest
0.00
0.00
Exceptional Items
-4.78
0.00
Standalone Net Profit
76.66
96.03
-20.17%
Operating Profit Margin (Excl OI)
20.03%
21.29%
-1.26%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2026 is -14.21% vs 12.79% in Mar 2025

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2026 is -20.17% vs 16.75% in Mar 2025

stock-summaryCompany CV
About Shanthi Gears Ltd. stock-summary
stock-summary
Shanthi Gears Ltd.
Small Cap
Industrial Manufacturing
Shanthi Gears Ltd (SGL), the Coimbatore based gear manufacturing company was promoted by P Subramanian, an entrepreneurial engineer in 1969 as a partnership concern. In July 1972, the partnership firm was converted into a Private Limited Company and later in March 1986 it became a Public Limited Company. The Company is in the business of design, manufacture, supply and servicing of gears and gear boxes.
Company Coordinates stock-summary
Company Details
304-A Trichy Road, Singanallur Coimbatore Tamil Nadu : 641005
stock-summary
Tel: 91-0422-2273722-34
stock-summary
cs@shanthigears.com
Registrar Details
SKDC Consultants Ltd , Kanapathy Towers, 3rd Floor, Ganapathy, Coimbatore