The company was originally incorporated as Spectrum Polytech Private Limited under the Companies Act, 1956 and the Certificate of Incorporation was issued by the Registrar of Companies, Maharashtra, Mumbai on August 12, 2008. Pursuant to Shareholders’ Resolution passed at the Extra Ordinary General Meeting of Members of the Company held on February 18, 2014, name of the company was changed to Spectrum Electrical Component Private Limited and a fresh Certificate of Incorporation dated March 11, 2014 was issued by the Registrar of Companies, Maharashtra, Mumbai. The name was later changed to Spectrum Electrical Industries Pvt. Ltd. on June 14, 2018.The company was converted into a Public Limited Company pursuant to Shareholders’ Resolution passed at the Extra Ordinary General Meeting of Members of the company held on May 30, 2018 and the name of the company was changed to Spectrum Electrical Industries Limited vide a fresh Certificate of Incorporation dated June 20, 2018.

Business area of the Company

Spectrum Electrical Industries is an ISO 9001:2015 certified company, engaged in the business of designing and manufacturing of electrical, automobile and irrigation components as contract manufacturers and as component suppliers to leading industry players on Business-to-Business (B2B) model. Its focus has been on providing one-stop-shop solutions mainly to manufacturers of electrical products and components in India. It offers integrated design and manufacturing solutions for local and internationally recognised brands in the electrical products industry. It has developed ability to manufacture most of these products from the concept and design stage up to the final delivery to the customer’s distribution network thereby covering the entire value chain. It offers end-to-end product solutions to its customers under the B2B model wherein it provides services ranging from global sourcing, manufacturing, quality testing and packaging to logistics. It also offers products in the intermediate stages to many of its customers. It undertakes manufacture and supply of finished products and intermediate-stage products for its customers on contract basis depending upon the demand from them. Its manufacturing units are located at Jalgaon & Nashik in Maharashtra.

Major events and milestones:

• 1995: Commencement of electroplating business in Jalgaon.
• 1995: Established business relationship with MDS Switchgear Pvt. Ltd. (now part of Legrand) through electroplating services.
• 1997: Started electroplating services for Kalyani Brakes Ltd. (now part of FBML)
• 1999: Established semi-automatic electroplating plant at own premises.
• 2003: Commencement of electroplating business in Nashik at own premises.
• 2004: Commencement of fabrication business in Jalgaon at own premises.
• 2004: Started supply of irrigation equipment and components to Jain Irrigation Systems Ltd.
• 2008: Commencement of manufacturing of injection moulded plastic components in Jalgaon at own premises.
• 2009: Setting up of commercial tool room facility at Jalgaon at own premises.
• 2010: Setting up of fully automatic electroplating plant at own premises in Jalgaon at own premises.
• 2010: Started supply of finished products directly to customers’ distribution network.
• 2010: Established business relationship with L&T through supply of tool/moulds/dies.
• 2012: Commencement of fabrication business in Nashik at leased premises.
• 2012: Established business relationship with Anchor-Panasonic by supplying of Distribution Board at Nashik & Jalgaon.
• 2012: Purchased a fully functional electroplating plant at Nashik.
• 2013: Established business relationship with Hager Electro through supply of Distribution Boards.
• 2014: Commencement of manufacturing of precision press components in Jalgaon at own premises.
• 2014: Established business relationship with Schneider Electric through supply of plastic injection moulded components.
• 2014: Established business relationship with ARaymond Fasteners through supply of tool room services and plastic injection moulded components.
• 2014: Established business relationship with ABB India Ltd through supply of distribution boards.
• 2014: Obtained UL certification (UL 746D) for Polymeric Materials -Fabricated Parts.
• 2015: Shifted fabrication facility to a new location at Nashik.
• 2017: Established business relationship with Luminous through supply of metal junction boxes.
• 2017: Established business relationship with Honeywell through supply of Distribution Boards.
• 2017: Aggregate gross turnover of group entities crossed Rs 100 crores.
• 2017: Integration of business operations of all group entities under the Company
• 2017: Implemented ERP system -SAP S4/HANA
• 2017: Set up new plant at Umale, Jalgaon and commenced commercial production.
• 2017: Commencement of construction of new plant in Hyderabad on owned land.