Shigan Quantum Technologies Ltd. – Company Report
1. Company Overview
Shigan Quantum Technologies Ltd. (SQT), incorporated in 2008 and headquartered in New Delhi, is a technology innovator and manufacturer in India’s alternate fuel systems sector. The company focuses on R&D, design, development, and manufacturing of alternative fuel system components—serving the automotive, locomotive, marine, stationary engine, and off-highway equipment industries. SQT is noted for pioneering indigenized BS-IV & BS-VI + OBD-II CNG fuel systems, as well as integrating fire detection and suppression (FDSS) solutions. It has earned recognition for its deep expertise in the green mobility, hydrogen technology, and emission-compliance segments, and has further diversified into fire protection systems and electronic assembly.
- Incorporated: 2008
- Headquarters: New Delhi, India
- Employees: Approximately 111 full-time staff
- Manufacturing Facility: Advanced unit in IMT Manesar, Haryana
- Listed On: NSE SME
- Certifications: ISO 9001, API, and other global regulatory accreditations
- Leadership: Founder-led; executive details available in annual filings
- Unique Strengths: First Indian company to indigenize BS-VI + OBD-II CNG fuel systems; expansion into hydrogen, FDSS, and electronic circuit board manufacturing
2. Products and Services
Alternate Fuel System Solutions
- CNG, LNG, Hydrogen Fuel Systems: Kits and subsystems for OEMs across various vehicle types
- Key Components: CNG filters, ECUs, high-pressure regulators, fuel rails, injectors, filler valves, tubes/fittings, sensors, fueling modules
FDSS & Fire Protection
- Fire detection and suppression systems for vehicle safety—gaining traction after new mandates
Surface Mount Technology (SMT)
- Automated electronic circuit board manufacturing and assembly
Green Tech & Sustainability
- Focus on hydrogen, ethanol, methanol, and fuel cell R&D
Custom Engineering
- Tailored design, prototyping, and system integration for alternative fuel OEM applications
**3. Recent News and Business Developments **
- January 3, 2024: Adani Total Gas Limited (ATGL), has signed a Memorandum of Understanding (MoU) with Shigan Quantum Technologies Limited (Shigan), the MoU aims to explore collaboration for decarbonizing the supply chain by creating an ecosystem that will enable transitioning to cleaner fuels.
- August 27, 2025 : The company announced E Mobility Exim Pte. Ltd. (EMPL), a subsidiary company of Shigan Quantum Technologies Limited, has entered into a Technology Assistance Agreement (TAA) with V&T Electric (Xinjiang) Co. Ltd., China, a wholly owned subsidiary of Shenzhen V&T.
- Expansion in Fire Protection Segment: Boosted presence following fire safety mandates for school buses.
- Commissioning of SMT Facility: Fully automated SMT production line now operational.
- Recognition by Tata Motors: Acknowledged as a preferred supplier, reinforcing OEM relationships.
- Green Mobility & Localization Focus: Aligning with Atma-Nirbhar Bharat through technology indigenization.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹211 crore |
| Net Profit (PAT) | ₹8.73 crore |
| Operating Margin | 10% |
| Net Profit Margin | 4.1% |
| Earnings Per Share | ₹4.29 |
| Return on Equity (ROE) | 11% |
| Dividend | Nil (profits retained) |
| Debt Position | Managed; no major stress |