Storage Technologies & Automation Ltd (544171) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

The company was originally incorporated as ‘Company Limited by Shares’ under the name ‘Storage Technologies and Automation Private Limited’ under the provisions of the Companies Act, 1956 and the Certificate of Incorporation was issued by Registrar of Companies, Bangalore on March 19, 2010, vide certificate of incorporation bearing issue by Central Registration Centre, Assistant Registrar of Companies, Karnataka. Subsequently, the company was converted into a public limited company vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on August 31, 2023 and consequently the name of the company was changed from ‘Storage Technologies and Automation Private Limited’ to ‘Storage Technologies and Automation Limited’ vide fresh Certificate of Incorporation granted to the company consequent upon conversion into public limited company dated October 12, 2023 by the Registrar of Companies, Bangalore.

The company was incorporated in the year 2010 and is engaged into storage racking system. It specialises in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions. Its range of products and services demonstrates their commitment to providing innovative, efficient solutions for diverse warehousing needs, catering to a wide range of industries each with its own specific storage and logistical requirements, which includes oil & gas, automotive components & aerospace, food & beverages and cold storage, pharmaceutical, textile, retail, FMCG and others. 

The company is a customer-centric business driven by a focus on continuing innovation and operational efficiency. It offers its clients with a wide variety of display and storage racks for commercial as well as industrial purposes. These are manufactured using qualitative raw materials. This helps in ensuring the durability and optimum strength of the finished products. It also uses different grades of Mild steel (Hot rolled coils, cold rolled coils, Galvanised steel coils, PPGI coils, pipes and structural sections), powder for powder coating, Epoxy, Enamel paints and plastic for packaging as raw material. As an ISO 9001:2015 certified storage solution manufacturing company, its commitment to quality is evident. Its expansive infrastructure, spanning approximately 56,250 square feet in Singanayakanahalli, Yelahanka Hobli, Bangalore, Karnataka and approximately 56,250 square feet of storage facility supports a streamlined manufacturing process.

The company carries out product designing, manufacturing, quality checking, packaging, storing and delivery processes in various specialized segments of its infrastructure. All procedures are strictly monitored by its experienced team of quality controllers. Its manufacturing process, combined with its competitive strengths and strategic business approaches, positions it to meet the evolving needs of its clients effectively. It is dedicated to innovation, quality, and providing economically feasible solutions that don't just meet but exceed its clients' expectations.

Business area of the company

The company is engaged in storage racking systems. The company manufactures and installs metal storage racks, automated warehouses, and other storage solutions. The company provides storage solutions for various industries, including oil & gas, automotive, aerospace, food & beverages, pharmaceuticals, textiles, retail, and FMCG.

Major events and milestones

• 2010: Incorporation of company in the name and style of Storage Technologies and Automation Private Limited.
• 2018: Certificate of Recognition for India 5000 Best MSME Awards.
• 2013: Started factory operations.
• 2023: The company was converted from a private limited company to public limited company and consequently, the name of company was changed from ‘Storage Technologies and Automation Private Limited’ to ‘Storage Technologies and Automation Limited’.