HGS India Limited (HGSI) was incorporated in 1986 as Geosource India Limited and renamed HGS (India) Limited in 1992. Established through technical and financial collaboration with Geosource Inc., USA, the company manufactures equipment and components used in the seismic industry across the energy and geoscience sectors.
HGSI produces geophones, geophone strings, seismic cables, geophysical connectors, and parts and accessories for geophysical equipment. Its product portfolio includes seismographs and accelerographs, seismometers, seismic system cables, panel-mount connectors, battery chargers, weight drops, and pig tracking systems. These products support the acquisition, recording, and transmission of seismic data used to process and analyze subsurface geological structures.
The company operates a manufacturing facility in Manesar, Haryana. Its production capabilities include precision assembly lines, injection moulding machines for ruggedized casings and thermoplastic sub-assemblies, and coil winding and magnetizing equipment. Its business is therefore linked to demand for seismic data acquisition equipment in the energy and geoscience markets.
HGSI has filed a Draft Red Herring Prospectus with SEBI and plans to issue 28,80,000 equity shares of ₹10 each. The proposed issue comprises a fresh issue of 23,26,000 shares and an offer for sale of 5,54,000 shares.
