- CEO
- Srinivasan Ravi
- Full Time Employees
- 3,223
- Sector
- Producer manufacturing
- Industry
- Trucks/Construction/Farm machinery
- Address
- Krishna Towers Coimbatore TN India 641 037
- IPO Date
- Mar 25, 2021
- Business
- Craftsman Automation Limited (NSE: CRAFTSMAN) is a diversified engineering company with vertically integrated manufacturing capabilities, specializing in precision components and sub-assemblies for automotive, industrial, and engineering sectors; it operates through three primary segments including Automotive Powertrain and Other Products such as cylinder blocks, cylinder heads, camshafts, transmission parts, gearbox housings, turbochargers, and bearing caps; Automotive Aluminium Products encompassing die-cast and sand-cast components like crankcases, cylinder blocks for two-wheelers, engine and structural parts for passenger vehicles, gearbox housings for heavy commercial vehicles, and aluminium castings for power transmission; and Industrial and Engineering Products featuring gears and gearboxes, material handling equipment, special purpose machines, mould bases, toolroom services, sheet metal fabrication, stationary racking, V-stores, roll-form products, and automated storage and retrieval systems. Founded in 1986 and headquartered in Coimbatore, Tamil Nadu, India, the company maintains 11 strategically located manufacturing facilities across seven cities in India with over 1.5 million square feet of built-up area, serving domestic and international customers in commercial vehicles, tractors, off-highway vehicles, two-wheelers, passenger vehicles, railways, power transmission, warehousing, e-commerce, logistics, pharmaceuticals, and electronics through just-in-time delivery proximate to key OEMs. Recent developments include the acquisition of the remaining 24% stake in DR Axion India Private Limited for INR 250 crore in 2024, making it a wholly owned subsidiary to bolster passenger vehicle aluminium cylinder heads and blocks while entering e-mobility; the acquisition of Sunbeam Lightweighting Solutions for INR 376 crore in 2024 to enhance lightweighting technologies and manufacturing synergies; and the commencement of commercial operations at a new INR 150 crore greenfield facility in Hosur in 2025, expanding aluminium products capacity for automotive and industrial applications amid 75% utilization at existing plants.