Western Thomson Group Corporate Presentation www.westernthomsonindia.com Group Highlights • We are India’s largest producer of Automotive Thermostats and Temperature Sensors • A specialised International Auto-Components group established since 1967 • We have International Technical Partners and Shareholders • Maruti Suzuki India Limited (MSIL) is a shareholder in one of our Companies • Thermostat is a Critical Functional part in the vehicle ( Engine Management System ) • First Company in India to produce Thrust Bearings for Turbo Chargers • Two of our Companies are profiled in the Top 500 Automotive SMEs in India by Dun & Bradstreet • Although privately owned we hold a CRISIL (S&P) Rating (BBB rating for WTI) • Privately owned and Professionally managed (Quick decision making) Group Product range Thermostat Sensor Water Temperature Thermostat Housing Thermostat Thermostat- Aluminum Housing Thermostat-Plastic Housing Thermostat Pressure Relief Valve Thrust Bearing for Turbo chargers Thermostat Current Group Market Position in Thermostats • • Indian market share – Overall • Passenger Cars • Utility Vehicles • Commercial Vehicle • Tractor Key overseas market share – World Tractor OEM market share – Australia After market – Malaysia OEM–Passenger Car 80% + 70% 70% 100% 100% 25% + 25% 25% + Corporate Holding Structure WT Group (WTG), UK 100% owned by Chidambaram Family Riviera Capital Mauritius WTG 100% WTI TA with BTTI, FBC NTI Joint venture with NTCL Japan and Maruti Suzuki India PPI Joint venture with Precialp France RAC Group Details • Established in 1967, by late Mr V.Chidambaram (1942 – 2002) • Group Sales: 25m US$ • Total Employees: 260 ( Staff 72, Workmen 188 ) • Product Range: • • • • • • • • Automotive Thermostats Thermostat Module Assembly (Plastic, Aluminium) Thermostats for two Wheeler applications Single & Dual Sensors Oil Pressure Relief valve Thrust Bearings Journal Bearings Total number of Group customers: 65 • • • • Domestic OEM Overseas OEM Overseas Aftermarket: Tier 1 - 32 - 7 - 19 - 7 Group Sales Profile TOTAL 13% DOMESTIC EXPORT 87% Group Sales - Segment Wise Passenger Car 3% 6% Commercial Vehicle 12% Tractor 23% 56% After Market Others Details of Family shareholders • Chidambaram Family – Late V. Chidambaram (1942 – 2002), founded WTI and affiliated companies – He was • President of ACMA in 1980-81 • Member of the Indian Advisory Committee of HSBC • Honorary Consul of the Netherlands in South India – Today WTI and affiliated companies are a specialized International Auto components group – Today we are a professionally managed company, family is represented on the Board by Venkat Chidambaram (son) and Mrs Seetha Chidambaram (wife of late V.Chidambaram) Our Locations UK, London New Delhi Sales Office Pune Sales Office Pondicherry WTI Plant 2 CTRI Test Centre Chennai Head Office WTI Plant NTI Plant PPI Plant RAC Plant Global Partners Fuji Bellows Co. Ltd Japan Nippon Thermostat Japan Behr Thermotronik Italia PRECIALP - FRANCE Key Customers Domestic Ashok Leyland Limited Cummins India Limited Fiat India Private Limited Ford India Private Limited Indian Defence Vehicle Factory John Deere Mahindra Navistar Engine Pvt Ltd Mahindra & Mahindra Limited Maruti Suzuki India Limited New Holland Fiat (India) Limited Suzuki Power Train India Limited Swaraj Mazda Simpson & Company Limited Same Greaves Limited TATA Motors Limited TATA Cummins Limited TVS Motor Company Limited Turbo Energy Limited Honeywell Turbo Technologies (India) Pvt Ltd Key Customers Export O.E.M After Market Case New Holland - UK Cummins - UK John Deere - France Deutz AG - Germany Proton - Malaysia Kubota - Japan Interstate McBee Maxi Force Cadna Automotive Mark IV Automotive Nippon Thermostat Co Ltd Precialp - USA - USA - USA - Australia - Japan - France Group Management Team Mr. S.Subramanian Director of the Board & Group CEO. Previously Business Head with JBM Group company, Unit Head at Motherson Automotive Technologies. As Head of Production and Industrial Engineering in Siemens VDO. Masters in Management from Poona University and Graduate in Engineering from Regional Engineering College (now known as NIT), Tiruchirappalli. Mr. T.K.Kameshwaran Director of the Board & Non-Executive Vice Chairman. As Managing Director of SPIC Holdings and Investments Ltd. 1985 - 1996 : Managing Director in Tamilnadu Petroproducts Limited. Qualified Chartered Accountant. Group Management Team Mr. Venkat Chidambaram Director of the Board Previously was Senior Investment Manager at Towry Investment Management, UK. Deputy CIO at TFO Management LLP 1994 - 2005: Investment Director at GAM, division of UBS. MBA from Cass Business School (City Univ.), London and BBA from American Intercontinental Univ., London. Mr. T.Govindarajan General Manager of Nippon Thermostat (India) Ltd. Previously was Head of Customer Support Development at Western Thomson India Head of R&D with India Radiators Limited and Head of Oil Cooler Division M.Sc Degree in Chemistry from the American College in Madurai. Group Management Team Mr. K.V.Ramanan General Manager Group Operations of Western Thomson (India) Ltd. Previously Senior Manager Production Engineering in Wheels India Limited. Previously with Caterpillar India and Turbo Energy Limited (associated with Borg Warner). Certified Six Sigma Master Black Belt. ME (Production Engineering) from GCT,Coimbatore and MBA (General Management) from Bharathiar University. Profile of the Companies in the Group Western Thomson India (WTI) • Established in 1967 • Technical Agreement and Partnership with Behr Thermotronik Italia (affiliate of Behr Thermotronik Germany). • Long term association with Fuji Bellows (FBC) • Products: – Thermostats – Thermostat Module assemblies (Plastics, Aluminium) – Oil Pressure Relief valve • Quality certification – ISO / TS 16949 • EMS certification • Profiled by D & B in Top 500 Automotive SMEs in India (DUNS number 91-536-1281) • Exports account for 18% of Sales • Key Customers – Suzuki Powertrain, TATA Motors, Tata Cummins, Fiat India, Ford India – Kubota Japan, Deutz Germany, John Deere - France, Proton – Malaysia - ISO 14001:2004 WTI Product range Thermostat Housing Thermostat-Plastic Housing Thermostat Pressure relief Valve Thermostat Thermostat- Aluminium Housing Thermostat Integrated Thermostat Module Bajaj – Housing Assy SPILEuro V Assy TML – Plastic Housing Assy FGP – Housing Assy Nippon Thermostat India (NTI) • Established in 1994 • Products: – Thermostats – Dual Sensor – Single Sensor – Thermostat and Sensors for motorbikes • International Collaborator – NTCL Japan, Maruti Suzuki has a 10% shareholding • Profiled by Dun & Bradstreet in Top 500 Automotive SMEs in India (DUNS number 91-848-0141) • Quality certification – ISO / TS 16949 • Key Customers – Maruti Suzuki India Ltd, Swaraj Mazda, NTC Japan (buy back), TVS Motors – Pipeline includes Honda India and Honda Thailand (Motorbikes) NTI Product Range Thermostat Sensor Water Temperature Precialp Precision India (PPI) • Established in 2006 • Products: – Thrust Bearings – Journal Bearings • International Collaborator – Precialp France • Key Customers – Turbo Energy Ltd (TEL), Borg Warner/TVS Group JV company – Honeywell India (HTT) • Future Projects – Expansion of Range of Thrust Bearings – Precision Parts for Steering Systems – Actuators for Turbo-chargers PPI Product Range Thrust Bearing for Turbo - chargers Riviera Auto Components (RAC) Established in 1985 Manufacturer of pressed parts and thermostat metal housings and Investment Holding Company CT Research Institute (CTRI) Established in 2005 as a non-profit organization Formed by the Chidambaram family / Trusts Partnership with Sri Venkateshwara University (SVCE) for Training and Research Activities Engine Test beds Services offered include Carrying out Quality and Performance testing of Thermostats & Sensors To conduct training and employee development courses Sponsorship of individual employees in pursuing higher studies Thank You www.westernthomsonindia.com sales@westernthomsonindia.com