Titagarh Rail Systems Ltd
694.85
INR
-14.35
(-2.02%)
ISIN
INE615H01020
Return %
Stock
S&P 500
1Y
-21.17
14.20
3Y
-17.61
81.12
5Y
587.97
68.34
Capital Structure
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INR
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INR
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INR
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- CEO
- Umesh Chowdhary
- Full Time Employees
- 5,670
- Sector
- Producer manufacturing
- Industry
- Trucks/Construction/Farm machinery
- Address
- Titagarh Towers Kolkata WB India 700107
- IPO Date
- Apr 21, 2008
- Website
- titagarh.in
- Similar Companies
- Business
- Titagarh Rail Systems Limited manufactures rolling stock for freight and passenger rail systems, propulsion equipment, and related components primarily for Indian Railways and international markets. Headquartered in Kolkata, West Bengal, India, and founded in 1997, the company operates manufacturing facilities in India and Italy through its associate Titagarh Firema SpA; its product portfolio encompasses freight wagons including container flats, grain hoppers, cement wagons, clinker wagons, and tank wagons; passenger systems such as semi high-speed trains including Vande Bharat trainsets, urban metros, EMU/MEMU coaches, light rail transports, and body shells; components like bogies, couplers, locomotive shells, gears, traction motors, and vehicle control systems; shipbuilding for naval vessels, tugs, coastal research vessels, and inland vessels; defence equipment including Bailey bridges and missile launchers; and safety & signaling solutions for train control and condition monitoring. Titagarh serves domestic customers through major contracts with Indian Railways, metro corporations such as BMRCL, GMRC, and MahaMetro, and defence entities, alongside exports via its Italian operations. In recent developments, Titagarh formed a consortium with BHEL to secure a Rs 24,000 crore contract for manufacturing and 35-year maintenance of 80 Vande Bharat trainsets and related upgrades; partnered with Ramkrishna Forgings Limited via a joint venture for supplying 1.54 million forged wheels over 20 years; won orders for metro coaches including 72 cars for Surat Metro, 30 for Ahmedabad Metro Phase-II, and driverless trainsets for Bengaluru Metro's Yellow Line; expanded production capacity with a 40-acre facility acquisition in West Bengal for Rs 126 crore featuring a 1.6 km test track to scale to 850 coaches annually by FY28; raised Rs 200 crore via preferential warrants to promoters and completed prior fundraises including a Rs 700 crore QIP in 2023; ramped up traction motor output to 50 units monthly; launched five 25T Bollard Pull Tugs for the Indian Navy; and initiated dedicated lines for Vande Bharat sleeper trains and Ahmedabad Metro Phase-II while pursuing a JV for its defence and bridge segments. As of mid-2025, Titagarh's consolidated order book stands at Rs 11,200 crore, with 62% from passenger rolling stock.