Setco manufactures and markets proprietary LIPE clutch solutions for the medium and heavy commercial vehicles worldwide. In LIPE, it has emerged to be an undisputed leader with an imposing market share. Today, Setco is one of the five largest manufacturers of clutches for Medium and Heavy commercial vehicles in the world. Its diversified portfolio includes non automotive areas such as Hydraulics for off-highway construction equipment and marine products through its overseas subsidiaries. In India, Setco caters to all the major OEMs such as Tata Motors, Daimler, Ashok Leyland, Eicher and AMW. "We are also working with other international players like the UK, USA & China who have entered India. In India and the UK, we only cater to the automotive industry. Our unit in the US however also produces hydraulics products to cater to the construction industry and highway vehicles."

Sheth is also a member of the national executive committee of Automotive Components Manufacturer Association (ACMA). Sheth is actively involved in contributing to the society. He believes that the community, in which he operates, must also benefit from the success of the organisation. To this effect he has set up the Setco Foundation, which is responsible for contributing to the health and education of people in backward areas of India. In January 2009, the Setco Foundation built and gifted to the people of Gujarat, a Nandghar (a secure, spacious and modern ‘Anganwadis' in the Panchmahal district), with capacity to cater to over 300 children for health and education. They provide uniforms for all the children; give medical check-ups by a qualified people; nutritional supplements and qualified teachers adept in taking care of the children. The Setco foundation under his direct supervision will be contributing many such Nandghars to the region.

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