Haritha Seating Systems is a Chennai based company belongs to TVS Group.
This company belongs to the well known TVS Group and promoted by Sundaram Clayton Ltd. Harita makes seats for two-wheelers, commercial vehicles,tractors and buses. It is also in the field of poly urethane products businesses to different segments of the auto industry . Harita Seating Systems has manufacturing facilities in Hosur, Ranjangaon near Pune and at Nalagarh in Himachal Pradesh. It was earlier known as Haritha Grammer and had a joint venture with Grammer AG of Germany till 2002.In 2002 company pulls out of joint venture and its name changed to Haritha Seating Systems.Company has another joint venture with German based Fehrer for making two wheeler seats ,which is known as Harita Fehrer Ltd.Company’s client list consists of auto majors like Tata Motors, Ashok Leyland, Mahindra & Mahindra, Tafe, John Deere, New Holland TMTL, Escorts, Caterpillar,BEML, Telcon, L & T Komatsu and Volvo.Company also suppliers seats to body builders Jaico, SM Kannappa, ACGL, Amar Coaches, IRIZAR TVS Veera Vahana, HNS Coaches, Damodar coach,Bharat Coach etc. Last year company posted a turnover of Rs.225 Cr and a net loss of Rs.5 Cr .Company is in a turnaround path in this FY and posted a sales of Rs.104 Cr and a net profit of Rs.5 Cr in the first half itself.In the short to medium term auto ancillary companies may face some margin pressure , but long term investors may take it an opportunity to buy good auto ancillary stocks like Haritha .It is currently trading @ Rs.72.
This company belongs to the well known TVS Group and promoted by Sundaram Clayton Ltd. Harita makes seats for two-wheelers, commercial vehicles,tractors and buses. It is also in the field of poly urethane products businesses to different segments of the auto industry . Harita Seating Systems has manufacturing facilities in Hosur, Ranjangaon near Pune and at Nalagarh in Himachal Pradesh. It was earlier known as Haritha Grammer and had a joint venture with Grammer AG of Germany till 2002.In 2002 company pulls out of joint venture and its name changed to Haritha Seating Systems.Company has another joint venture with German based Fehrer for making two wheeler seats ,which is known as Harita Fehrer Ltd.Company’s client list consists of auto majors like Tata Motors, Ashok Leyland, Mahindra & Mahindra, Tafe, John Deere, New Holland TMTL, Escorts, Caterpillar,BEML, Telcon, L & T Komatsu and Volvo.Company also suppliers seats to body builders Jaico, SM Kannappa, ACGL, Amar Coaches, IRIZAR TVS Veera Vahana, HNS Coaches, Damodar coach,Bharat Coach etc. Last year company posted a turnover of Rs.225 Cr and a net loss of Rs.5 Cr .Company is in a turnaround path in this FY and posted a sales of Rs.104 Cr and a net profit of Rs.5 Cr in the first half itself.In the short to medium term auto ancillary companies may face some margin pressure , but long term investors may take it an opportunity to buy good auto ancillary stocks like Haritha .It is currently trading @ Rs.72.
