So from Zauba import export data, it is evident that a US based company called Custom Magnetic Inc is one of Shilchar’s clients. Custom Magnetic themselves are a transformer manufacturing company and was founded by a certain Mr. Kirti P Shah who used to be one of the top 10 shareholders in Shilchar.
Their website mentions about a Joint venture partner in Baroda (name not mentioned).
Wonder if Custom Magnetic is subletting their US orders to Shilchar. Not that it should matter much, but just an observation…
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