- CEO
- Kirit Vishanji Gala
- Full Time Employees
- 335
- Sector
- Producer manufacturing
- Industry
- Metal fabrication
- Address
- A-801, Thane One DIL Complex Thane MA India 400610
- IPO Date
- Sep 9, 2024
- Business
- Gala Precision Engineering Ltd manufactures precision components, specializing in high tensile fasteners such as studs, anchor bolts, cross bolts, flange nuts, hex nuts, Gallock Wedge Lock Washers and Grip Lock Washers; disc and strip springs; as well as coil and spiral springs for critical applications in renewable energy including wind turbines, industrial sectors like off-highway equipment and general engineering, and mobility segments encompassing automotive, railway and metro rail. The company, founded in 1989 and headquartered in Thane, Maharashtra, India, operates manufacturing facilities in Maharashtra, a new expansion site in Vallam-Vadagal, Sriperumbudur, Tamil Nadu for special fastening solutions, and maintains an office in Frankfurt, Germany, serving over 175 customers including major OEMs and Tier-1 suppliers across more than 25 countries such as Germany, Denmark, USA, China, Italy, Brazil, Sweden and Switzerland. Recent developments include its September 2024 initial public offering raising net proceeds of Rs 1,212.35 crore, with Rs 720.63 crore utilized by September 30, 2025 primarily for full repayment of borrowings, partial funding of the Tamil Nadu facility and capital expenditure in Maharashtra; commencement of fasteners exports to Europe and USA in 2022; strategic land acquisition and construction in Chennai in 2023 for high tensile fasteners expansion; and pioneering import substitution efforts in compression springs for Indian metro rails and automotive transmissions since 2020.