- Business
- Taurus Armas S.A. (B3: TASA4) manufactures and sells firearms and accessories worldwide, operating through Firearms, Helmets, and Other segments that include metal injection molding components; the company produces pistols, revolvers, rifles, carbines, shotguns, submachine guns, and suppressors under Taurus, Rossi, and Heritage brands for civilian, military, police, and institutional markets. Founded in 1939 and headquartered in São Leopoldo, Rio Grande do Sul, Brazil, Taurus maintains industrial facilities in Brazil, Bainbridge, Georgia (USA) via subsidiary Taurus USA (formerly Taurus International), and a joint venture in Haryana, India, with Jindal Defence Systems; it serves primary markets in Brazil, the United States, and over 100 countries through exports while employing approximately 3,300 people and functioning as a subsidiary of BYK Participações S.A. Recent developments include the April 2024 inauguration of the JD Taurus joint venture facility in India for local production of T9 submachine guns, rifles, carbines, machine pistols, and revolvers aligned with 'Make in India,' securing a Rs 4.26 crore contract to supply 550 T9 units to the Indian Army; the company reported strong financial performance with 3Q24 revenues of R$360.7 million and a 35.5% gross margin, alongside 4Q24 results showing a 36.2% gross margin, reflecting operational expansions and robust demand amid strategic focus on defense exports.