Shigan Quantum Technologies Limited, established in 2008 and publicly listed since 2021, specializes in designing and manufacturing alternate fuel systems, including CNG, LNG, and Hydrogen Fuel Kits for OEMs. These systems cater to heavy-duty vehicles, light-duty vehicles, and off-highway applications. In response to regulatory changes, the company expanded into the fire safety sector in 2020, producing Fire Detection & Alarm Systems and Fire Detection & Suppression Systems, notably targeting the school bus market following new government mandates.
In addition to its core offerings, Shigan Quantum has ventured into Surface Mount Technology (SMT) to produce electronic circuit boards with advanced manufacturing capabilities. The company raised Rs. 22.7 crores through an IPO in March 2022 and has expanded its international presence by acquiring E-Mobility Exim Pte. Ltd. in Singapore. With a focus on innovation, Shigan Quantum holds exclusive manufacturing rights in India for certain products developed through technology agreements with multinational companies, aiming to localize components to reduce costs.
