- Business
- Technocraft Industries (India) Limited manufactures precision-engineered products including steel drum closures, scaffolding and formwork systems, cotton yarn and fabrics, textile garments, and provides engineering design services; it operates through segments such as Drum Closures, Scaffoldings, Cotton Yarn, Fabric, Power, Engineering & Design, and Others. The company produces steel drum closures comprising Tite Seal Flanges & Plugs, Tite Seal Gaskets, Tite Seal Leak Locks Plugs, Octagon base Drum Flanges, Auto Closure Systems, and plastic closures for oil & gas containers, alongside patented products including GRT Flanges, Octagonal Clinched, and Drum Top; its scaffolding portfolio features Techring, Techlok, T Stage systems, steel planks, slab formwork, and wall formwork, manufactured using high-quality steel tubes; textile operations encompass carded and combed cotton yarns from NE 20 to NE 40 (including compact and organic variants), fabrics such as single jersey, interlock, piquet, and pointelle, plus knitted garments, supported by a 15MW captive coal power plant. Technocraft Industries (India) Limited, founded in 1972 and headquartered in Mumbai, Maharashtra, India, maintains six manufacturing facilities in India and one in China, exporting to over 80 countries with distribution centers in the USA, Germany, UK, Australia, Poland, and New Zealand; subsidiaries include Technocraft International Limited (UK), Technosoft Engineering Inc. (USA), Technocraft Textiles Ltd, and Anhui Reliable Steel Technology Co Ltd (China). Recent developments include a September 2024 share buyback of up to INR 130 crore at INR 4500 per share, expansion of scaffolding and formwork capacity to approximately 68,000 MT in India, reconfiguration of textile operations by consolidating spinning at Amravati and fabric at Murbad for improved efficiency, and a October 2025 announcement to invest £10 million over three years in the UK to create 18 engineering jobs and enhance digital engineering services for European customers.