Sterling Tools has announced a significant rebranding of its subsidiary, Sterling Gtake, to Sterling E-Mobility Solutions Limited. This strategic move marks a pivotal shift in the company's focus towards becoming a comprehensive provider of electric vehicle (EV) technologies.

Strategic Rebranding and Expansion

The name change reflects Sterling's expanding portfolio and its commitment to delivering integrated solutions for EV powertrains and power electronics. This transformation underscores the company's vision to lead India's transition to sustainable mobility.

Anil Aggarwal, Chairman of Sterling Tools Limited, stated, "We are proud to begin this new chapter as Sterling E-Mobility Solutions Limited. This rebranding reflects our commitment to delivering integrated EV solutions powered by global innovation and local expertise."

Key Partnerships and Technology Licensing

Sterling has been actively forging partnerships to enhance its technological capabilities:

These collaborations are part of Sterling's broader strategy to offer localized, high-performance solutions tailored to the Indian EV market.

Continued Partnership with Gtake

It's important to note that Sterling's exclusive relationship with Jiangsu Gtake Electric Co., Ltd. for the Indian market remains strong and unchanged. This partnership continues to flourish, with multiple products being developed by Gtake and localized by Sterling to meet domestic requirements.

Product Branding

Sterling's product nameplates will now reflect its diverse technology collaborations, including those with Gtake, AEM, and Landworld, reinforcing its commitment to transparency and innovation in the EV sector.

Company Background

Sterling Tools Limited, incorporated in 1979, has a strong foundation in manufacturing high-tensile, cold-forged automotive fasteners. The company caters to various segments including passenger vehicles, two-wheelers, commercial vehicles, agri-equipment, and construction equipment.

The rebranding of its subsidiary to Sterling E-Mobility Solutions Limited signifies a strategic expansion into the growing EV market, positioning the company to capitalize on the shift towards sustainable transportation solutions in India.

As the Indian automotive industry continues its transition towards electrification, Sterling Tools Limited appears to be positioning itself as a key player in the EV technology space, leveraging both global partnerships and local expertise.

Sterling Tools Limited, a prominent player in the automotive component industry, has received shareholder approval for the re-appointment of Mr. Rakesh Batra as a Non-Executive Independent Director. The decision was made during the company's 46th Annual General Meeting (AGM) held on September 25, 2025.

Extended Tenure

Mr. Batra's new term as an Independent Director will span five years, commencing from November 10, 2025. This re-appointment underscores the company's confidence in Mr. Batra's expertise and his continued value to the organization.

Impressive Credentials

Rakesh Batra brings a wealth of experience and knowledge to his role at Sterling Tools. His educational background includes:

• B.Tech from the Indian Institute of Technology (IIT), Kharagpur
• Post Graduate Diploma in Management (PGDM) from the Indian Institute of Management (IIM), Ahmedabad
• Master of Business & Technology (MBT) from the University of New South Wales (UNSW)

Extensive Industry Experience

With over 43 years of management and consulting experience, Mr. Batra has made significant contributions to the automotive, industrial equipment, and manufacturing sectors. His expertise spans corporate strategy, supply chain management, and business transformation.

Previous Roles and Current Positions

Mr. Batra's career highlights include:

• Partner and leader of the Automotive Sector with EY India
• Currently serves as an Industry Expert and Independent Director on the boards of leading automotive companies in both the United States and India

Regulatory Compliance

Sterling Tools Limited has confirmed that Mr. Batra has not been debarred from holding a directorship by the Securities and Exchange Board of India (SEBI) or any other regulatory authority.

Company Performance

During the AGM, Sterling Tools Limited shared some notable financial achievements:

The company crossed the ₹1,000 crore revenue milestone for the first time in its history.

Future Outlook

Sterling Tools Limited has outlined a five-year vision to evolve into a diversified automotive component powerhouse. The company aims for new business verticals to contribute 50% of total revenue by 2030, with a focus on the electric vehicle (EV) ecosystem through its subsidiary, Sterling Gtake E-Mobility (SGEM).

The re-appointment of Mr. Rakesh Batra as an Independent Director aligns with Sterling Tools' strategy for growth and diversification in the automotive component sector. His extensive experience and industry knowledge are expected to contribute significantly to the company's future endeavors and strategic decision-making processes.