Gabriel India Limited (GABRIEL.NS) Bundle
Born into the automotive supply chain in 1961, Gabriel India Limited has grown into a technology-driven maker of ride control products-most notably shock absorbers, struts and front forks-serving OEMs, the replacement market and export customers across two‑wheelers, passenger cars and commercial vehicles; backed by the ANAND Group, the company combines robust aftermarket reach-over 660 dealers and some 12,000 retailers-with a mission to foster a sustainable future for coming generations through community engagement, advanced manufacturing investments and continuous improvement, and a bold vision to be among the top 5 shock absorber manufacturers worldwide via innovation, quality, cost, delivery and value‑adding partnerships.
Gabriel India Limited (GABRIEL.NS) - Intro
Gabriel India Limited, established in 1961, is a leading Indian manufacturer of ride-control products - shock absorbers, struts, and front forks - serving OEMs, the replacement market and exports. As part of the ANAND Group, Gabriel combines legacy manufacturing scale with focused R&D and sustainability initiatives to serve two-wheelers, passenger cars and commercial vehicles across domestic and global markets.- Founded: 1961
- Listed: NSE (GABRIEL.NS)
- Group: ANAND Group
- Core products: Shock absorbers, struts, front forks, suspension modules
- Aftermarket network: over 660 dealers and ~12,000 retailers across India
- Customer segments: two-wheelers, passenger cars, LCVs, M&HCVs, and off-highway applications
- Channels: OEM supply contracts, organised replacement, exports to multiple regions
- Mission - Deliver reliable, technologically advanced ride-control systems that enhance vehicle safety, comfort and lifecycle value for customers across segments.
- Vision - To be the preferred global partner in suspension and ride-control solutions, driving innovation, quality and sustainable manufacturing.
- Core values - Customer focus, engineering excellence, quality assurance, sustainability, and ethical governance.
- R&D: Dedicated engineering teams for NVH (noise, vibration, harshness) reduction, active/passive damping solutions and material optimization.
- Quality: Multiple plant certifications and OEM approvals across two-wheeler and four-wheeler platforms.
- Sustainability: Initiatives in waste reduction, energy-efficient processes and responsible sourcing aligned to group ESG objectives.
| Metric | Value / Note |
|---|---|
| Established | 1961 |
| Aftermarket Dealers | Over 660 |
| Retail Reach | ~12,000 retailers |
| Primary Customer Segments | Two-wheelers, Passenger cars, Commercial vehicles |
| Group | ANAND Group |
| Listed Symbol | GABRIEL.NS (NSE) |
| Product Range | Shock absorbers, struts, front forks, suspension modules |
- Revenue drivers: OEM content wins, aftermarket penetration and incremental exports.
- Resilience factors: Diversified customer base across vehicle segments and a wide distribution network.
- Execution focus: New platform qualifications, cost optimization, local sourcing and selective export growth.
Gabriel India Limited (GABRIEL.NS) - Overview
Mission Statement- Ensure a sustainable future for upcoming generations while simultaneously building a flourishing company.
- Address society's urgent needs by actively contributing to community growth and balancing corporate commitments.
- Enrich lives through products and initiatives that create positive and lasting social impact.
- Empower individuals and communities through sustainable practices and responsible actions.
- Combine business growth with social responsibility and environmental stewardship, aligned with strategic investments in advanced manufacturing and continuous improvement.
- To be a global leader in ride-control and mobility solutions, recognized for sustainable manufacturing, superior quality and technology leadership.
- To enable safer, more comfortable mobility while reducing environmental footprint across the value chain.
- Integrity: Transparent governance and ethical conduct across operations and stakeholder relationships.
- Customer Focus: Delivering durable, high-performance products tailored to OEM and aftermarket needs.
- Innovation: Continuous investment in R&D, product development and advanced manufacturing techniques.
- Sustainability: Resource-efficient operations, waste reduction, and community-centric initiatives.
- People First: Skill development, workplace safety and inclusive growth for employees and partners.
- Manufacturing footprint: Multiple plants serving domestic OEMs and exports to over 40 countries, enabling scale and risk diversification.
- Workforce: Approximately 5,000-6,000 employees across plants, R&D and distribution (workforce scale supports both OEM and aftermarket volumes).
- Export contribution: Roughly one-third of revenues derive from international markets, reflecting global competitiveness.
- R&D & technology: Targeted investments (circa 1-1.5% of revenues) in NVH, ride comfort and lighter-weight components to meet EV and ICE market demands.
- Sustainability targets: Multi-year goals include double-digit reductions in water and energy intensity and progressive use of renewable power at key facilities.
| Metric | FY2021 | FY2022 | FY2023 | Trailing 12M |
|---|---|---|---|---|
| Revenue growth (YoY) | +6% | +9% | +11% | +8% (annualized) |
| Export share of revenue | ~30% | ~33% | ~35% | ~35% |
| EBITDA margin | ~10% | ~11% | ~12% | ~12% |
| Net profit margin | ~4% | ~5% | ~6% | ~6% |
| CapEx (annual) | ₹80-100 crore | ₹90-120 crore | ₹100-140 crore | ₹120 crore (LTM) |
| Employee strength | ~4,800 | ~5,200 | ~5,400 | ~5,500 |
- Energy: Progressive increase in rooftop solar and captive power; targeted 20-30% renewable energy share at select plants within 3-5 years.
- Water & waste: Achieved a multi-year reduction in water intensity (~20% reduction target) and increased recycling/reuse in manufacturing processes.
- Community programs: Vocational training programs reaching thousands annually, school improvement projects and road-safety awareness campaigns in host communities.
- Safety: Ongoing reduction in recordable incident rates through training and automation of repetitive processes.
- Advanced manufacturing: Investments in automation, digital shop-floor systems and smart quality control to improve yield and reduce defects.
- Product road map: Developing lighter-weight suspension and NVH solutions to serve EV platforms and stricter regulatory noise/emission norms.
- Operational excellence: Lean and Six Sigma deployments targeted at reducing cycle time and working capital intensity.
Gabriel India Limited (GABRIEL.NS) - Mission Statement
Gabriel India Limited's mission and vision are tightly interwoven: to be a globally respected ride-control solutions provider and to rank among the top five shock-absorber manufacturers worldwide by delivering engineered value, uncompromising quality, and measurable social and environmental benefits.- Vision: To be among the top 5 shock absorber manufacturers in the world by leveraging innovation, value-adding partnerships, and a steadfast commitment to quality.
- Customer focus: Earn and sustain the status of 'Preferred Supplier' through excellence in product engineering, quality, cost, delivery and speed of response.
- Reputation: Be respected by customers and stakeholders for benchmark performance and ethical, sustainable practices.
- Societal impact: Align business growth with responsible actions that promote the well‑being of individuals and communities.
- Product leadership - continuous R&D investment to reduce NVH (noise, vibration, harshness) and improve durability and weight-to-performance ratios.
- Market expansion - increased share in OEM and aftermarket segments across two‑wheelers, passenger vehicles, and commercial vehicles, and growing exports to target geographies.
- Operational excellence - improved on-time delivery, reduced cost per unit, and shorter lead times through lean manufacturing and supplier collaboration.
- Sustainability - lowering carbon intensity per unit produced and improving resource efficiency (energy, water, waste) at manufacturing sites.
| Metric | Target / Direction | Why it matters |
|---|---|---|
| Global rank (shock absorbers) | Top 5 | Benchmark for scale, sourcing and OEM preference |
| Revenue growth (CAGR) | 8-12% (target range) | Sustained profitable expansion across segments |
| EBITDA margin | Maintain or improve year-on‑year | Indicator of cost control and product mix quality |
| Export contribution | Increase share (target: significant double-digit % of revenue) | Diversifies markets and leverages global partnerships |
| On-time delivery | >95% | Customer confidence and preferred supplier status |
| R&D spending | Steady investment (% of revenue) | Drives product differentiation and entry into EV/advanced mobility segments |
| Carbon intensity | Reduce year-on‑year | Aligns with sustainability commitments and stakeholder expectations |
- Innovation pipeline - focused projects to develop lighter, longer‑life dampers suitable for EVs and high‑performance applications.
- Partnerships - deepen relationships with global OEMs and tier‑1 suppliers to co-develop ride-control solutions and gain preference on multi‑model programs.
- Manufacturing footprint optimization - capacity expansion and modernization to meet growing demand while improving cost structure and delivery lead times.
- Quality systems - embed Six Sigma, APQP and advanced testing protocols to minimize field failures and warranty exposure.
- Sustainability programs - energy efficiency projects, waste reduction, and community engagement initiatives supporting long‑term social license to operate.
| Category | Metric | Short-Term Target (12 months) | Medium-Term Target (3-5 years) |
|---|---|---|---|
| Commercial | OEM share (%) | Increase by 2-4 percentage points | Become top supplier across target vehicle segments |
| Financial | Revenue growth | Year-on-year positive growth | Sustain 8-12% CAGR |
| Operational | On-time delivery | >95% | Maintain >98% |
| Quality | Warranty claims (ppm) | Reduce by 10-20% | Continuous downward trajectory |
| Sustainability | CO2 emissions per unit | Reduce incremental baseline each year | Significant % reduction vs baseline |
Gabriel India Limited (GABRIEL.NS) - Vision Statement
Gabriel India Limited envisions being the preferred global partner for vehicle ride-control and suspension solutions, delivering superior value to customers, stakeholders and communities through innovation, operational excellence and sustainable practices.- Customer focus: develop best-in-class shock absorbers, struts, and ride-control systems tailored to OEM and aftermarket needs.
- Technology leadership: invest in advanced materials, NVH (noise-vibration-harshness) reduction and electronics-enabled suspension systems.
- Sustainability & safety: design products and processes that reduce environmental impact and enhance road-user safety.
- Global partnerships: expand strategic alliances and exports to deepen market presence across passenger vehicles, commercial vehicles and two-wheelers.
Core Values - The ANAND Way embedded at Gabriel India
Gabriel India's core values are rooted in the ANAND Way and guide decision-making, employee behaviour and social responsibility. These values are operationalized across every function and facility:- Integrity & Accountability - transparent governance, regulatory compliance and ethical conduct at all levels.
- Customer Centricity - product quality, on-time delivery and co-innovation with OEMs and tier partners.
- Continuous Improvement - Kaizen culture, lean manufacturing and skill development for sustained productivity gains.
- Knowledge Sharing - structured training, cross-functional programs and Center of Excellence initiatives to disseminate skills and IP.
- Innovation & Collaboration - pursuit of value-adding partnerships, joint R&D projects and adoption of advanced manufacturing technologies.
- Social & Environmental Responsibility - committed CSR programs, resource-efficient operations and community well-being initiatives.
| Metric | Value (most recent reported / approximate) |
|---|---|
| Founded | 1961 |
| Employees (approx.) | ~3,500 |
| Manufacturing Facilities | 8 plants in India + 2 international units (export hubs) |
| Product Categories | Shock absorbers, struts, front forks, suspension modules, NVH solutions |
| Annual Production Capacity (approx.) | ~15 million shock/strut units |
| Export Reach | Over 40 countries |
| FY Revenue (consolidated, approx.) | INR 3,500-4,200 crore |
| FY EBITDA Margin (approx.) | 9-12% |
| R&D / Technology Investment | ~1-2% of revenue; multiple product development projects with OEMs |
| CSR & Sustainability Spend | Corporate CSR programs across education, health and skill development; energy-efficiency investments in plants |
- Decision-making framework: the ANAND Way principles (safety, quality, cost, delivery, morale) shape capital allocation, supplier selection and community initiatives.
- Employee development: structured apprenticeship, technical training, digital upskilling and cross-location rotations to spread capabilities.
- Environmental stewardship: measures include water recycling, energy optimization (LEDs, motors, HVAC), and waste reduction targeting lowered carbon intensity per unit produced.
- Stakeholder engagement: periodic investor disclosures, supplier development programs and community health & education projects under CSR mandates.

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