Shetron (SL) was promoted by Divakar S Shetty and his associates jointly with the Karnataka State Industrial & Investment Development Corporation, under the name Shetron Metals, in Jun.'80. The name was subsequently changed to Shetron in Dec.'89. SL manufactures battery cell jackets and components, printed metal sheets, cans and can components. In Aug.'93, the company came out with a public issue at a premium of Rs 30 aggregating Rs 9.22 cr. The issue was to part-finance the setting up of manufacturing facilities for open top sanitary cans at Bangalore, Karnataka, with an installed capacity of 4800 tpa. The project cost was appraised by IDBI was Rs 20.48 cr. In 1993-94, SL executed a contract to import advanced technology for the manufacture of dry battery cell jackets and components. Company also focus on international market for Battery Division and hope that no apprehension in playing a major role in the world market over the years. Company continues to be the market leaders in the segment of processed food and vegetable. Company also entered into the Mushroom Sector in a large way and anticipate to be a major supplier and market leader in this segment. Food Can Division also shows a significant growth an increased by 21%. The company's list of clients include companies like Union Carbide, Indo National, Lakhanpal National, as also companies in Europe, west Asia and east Asia.