Craftsman Automation Ltd

Craftsman Automation Ltd Technicals

Craftsman Automation Ltd Financials

Craftsman Automation Ltd Shareholding Pattern

About Craftsman Automation Ltd

Craftsman Automation Limited was incorporated on July 18, 1986. The Company is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in in the business of manufacturing engineering components, sub-assemblies, products and rendering of contract manufacturing services to various industries. The Company has a total built up area of over 1.5 million sq. ft. It in-house state of the art equipment, engineered layout with process controls and necessary automation for quality and productivity. The Company recently set up a new unit in Pune with high-end fully automated equipment from Italian and Swiss manufacturers. The Company set up a manufacturing line for a BS6 compliant, 4-cylinder block to be fitted in a global OEM's MUVs & LCVs. It received business from a leading domestic customer for rough machining of Block, Head & Bed plate for their 5-litre engine to be deployed in their BS6 compliant vehicles. The Company invested in a new technology for Inspection of BS6 Honing operation. It upgraded capabilities to meet Tier 4 norms for all Blocks & Heads machined for tractor application. The Company received business nomination from a leading domestic SUV customer for manufacturing of Aluminium Gearbox housings for the compact Tractor. The Company received orders for multiple products from a leading domestic two wheeler manufacturer for their domestic and export vehicles and for supply of a number of products from various OEMs from the ... foundry unit. It initiated supplies of crankcases and head lamp casing to a leading two wheeler manufacturer for their recently launched series engines. The Company started the journey in the year 1986 as a small scale industry in the southern Indian city of Coimbatore, has grown to become a leader in precision manufacturing in diverse fields. During the financial years 2001 -2006, the Company is an ISO 9001: 2000 & ISO/ TS 16949:2002 registration certified and commenced the Aluminium Foundry Unit at Kurichi Satellite Unit at Pithampur. During the financial years 2007-2011, the Company entered into joint venture partnerships with Carl Stahl & Mitsubishi. The Company bagged the Star Export House' registration certification. The Company had a Subsidiary, Craftsman Europe B.V. Netherlands. It set up satellite units at Sriperumpudur, Jamshedpur, Pune & Faridabad. During the financial years 2012-2016, the Company established storage solutions in Arasur, Coimbatore, Second Satellite Unit at Pune, Technology Division & HPDC Foundry at Bengaluru and Aluminium Sand Foundry, HPDC & LPDC In Arasur, Coimbatore. During the financial years 2017-2020, the Company set up machine services in Bengaluru and a storage manufacturing plant in Pune. In March 2021, Company made a public issue of 5,528,161 equity shares of face value Rs 5 each by raising funds aggregating to Rs 823.70 Crore comprising a fresh issue of 1,006,711 equity shares aggregating to Rs 150 Crore and offer for sale of 4,521,450 equity shares aggregating to Rs 673.70 Crore. In 2023-24, the Company acquired 76% of the total paid-up equity share capital of DR Axion India Private Limited (DRAIPL) and thus effective 1st February 2023, DR Axion India Private Limited was made a Subsidiary of the Company. In FY 2024-25, Company acquired 100% of the legal and beneficial interest of the total securities of Sunbeam, making Sunbeam a Wholly Owned Subsidiary of the Company w.e.f. 9th October, 2024. The Company acquired the business of Fronberg Guss GmbH in FY25.

Similar Stocks