Electrotherm (India) Ltd. engages in the manufacture and marketing of induction furnaces, steel items and battery operated vehicles. It operates through the following segments: Engineering and Technologies Division, Special Steel Division, Electric Vehicle Division and Others. The Engineering and Technologies Division segment focuses on manufacturing induction melting furnaces, heating and hardening furnaces, and other steel making and refining equipment. The Special Steel Division segment offers products including niche and value-added products such as PG approved angles and structures for transmission line tower and wind mill applications, stainless steel for industrial application and mild steel and carbon steel for structural and forging applications. The Electric Vehicle Division segment specializes in bicycle components and controllers. The company was founded by Mukesh Bhanwarlal Bhandari and Shailesh Bhanwarlal Bhandari in 1983 and is headquartered in Ahmedabad, India.