Switching Technologies Gunther Ltd Company Summary

Switching Technologies Gunther Ltd Summary

Switching Technologies Gunther Limited (STGL) was incorporated in April 27, 1988 and has been promoted by M N Kannan. The Company is into the manufacturing and sale of Electronic components Reed Switches, Proximity Sensors, Ball Switches, etc. The reed switches is one of the unique kind of switches. In this regard the specialist machineries like automatic sealing machines called as Badalex and semi-automatic Sealing machines, Bihler Press, automatic and manual Plating line besides ancillary equipments are used in various process departments. Switching Technologies Gunther Limited is a Subsidiary of M/s Gunther America Inc which holds 61.22% of Equity shares in the Company.The Company manufactures and exports hi-tech reed switches which find wide applications in the aircraft industry, industrial control equipment, automobiles and power industry, at its unit in the Madras Export Processing Zone (MEPZ). STG is one of the leading manufacturers and exporters of reed switches and relays in India. Its products are exported to the European markets and have received good responses from them. The company has a unit in the Madras Export Processing Zone (MEPZ), manufacturing reed switches used in the automobile, telecommunication, industrial control and aircraft industries.During 1996-97, it has commenced commercial production of new switch types like Miniature reed switches/Tilt switches/relays, which can also be used as surface mounted devices and can find application through out the automation and telecommunication industries.STGL has obtained UL/CSA recognition for its switches for the North American market. It is also awaiting ISO 9002 certification.During 1998-99, the companys net profit was reduced to 11.28 lacs because of the exchange fluctuation loss of Rs 50.64 lacs. Necessary steps are being taken to ensure that such exchange fluctuation does not affect the companys results in future. The company also has comprehensive restructuring plans in order to improve the efficiency of the plant.