- Business
- Technocraft Industries (India) Limited Technocraft Industries (India) Limited manufactures and exports a diverse range of engineering products including steel drum closures such as Tite Seal flanges, plugs, gaskets, leak lock plugs, octagon base flanges, auto closure systems, and plastic closures for oil and gas containers; scaffolding systems comprising Techring, T Stage, and Techlok systems with accessories, modular formworks including slab, wall, and infra formwork, steel tubes, and towers; textiles encompassing carded and combed cotton yarns from NE 20 to NE 40 for knitting and weaving, fabrics, and garments; and engineering services through Technosoft Engineering in consulting, innovation, automotive, mining equipment, general machinery, and structural sectors. The company operates manufacturing facilities across six sites in India, one in China, and distribution centers in the USA, Germany, UK, Australia, Poland, and New Zealand, serving global markets in construction, packaging, textiles, and engineering with exports to over 80 countries. Founded in 1972 and headquartered in Mumbai, Maharashtra, it maintains subsidiaries like Technocraft NZ Ltd., AAIT/Technocraft Scaffold Distribution in the USA, and Technosoft entities worldwide. Recent developments include a strategic partnership between subsidiary Technocraft NZ Ltd. and SARNZ, New Zealand's scaffolding industry association, as a Gold Partner to enhance technology solutions; an MoU with the Government of Maharashtra for a Rs.183 crore mega textile project in MIDC Amravati with 100,000 sqm land acquired; a proposed £10 million investment in the UK over three years to create 18 jobs; a Rs.130 crore equity buyback approved in 2024 at Rs.4500 per share; and active participation in global events like Tokyo Pack 2024, Fachpack 2024, and Chemexpo India 2024 to promote drum closures and formwork innovations.