Sterling Tools Ltd (STL) was incorporated in 1979. The company was listed in 1995 and is trading on Bombay Stock Exchange (BSE) as well as National Stock Exchange (NSE). A premier producer of cold forged hi-tensile fasteners, 85% of STL revenues are from Auto OEMs. The company enjoys a good reputation with its customers and caters to all segments of the Auto industry through its 4 plants located in North and South India as well as customers in the U.S., Europe, South America and the Middle East.
The Company has continuously evolved to meet the ever-changing needs of the Auto industry. With Electrification becoming the new frontier for the Auto industry, STL established an E-Mobility Division with the objective of supporting Auto OEMs with leading-edge technology products in the Auto Electronics and Electric Vehicle domains. The focus has been on identifying technology partners and driving technology transfer and localization so as to provide customers with technology and pre as well as after sales support adapted to Indian requirements.
The establishment of Sterling Gtake E-Mobility Ltd. (SGEM) is a testament to this commitment to Indian Auto customers. SGEM is a Joint Venture between Sterling Tools Ltd. and Jiangsu Gtake Electric Co. Ltd. that has been at the forefront of EV value chain by offering localized Motor Control Units (MCUs) for Battery & Hybrid Electric Vehicles in India.