- **Kranti Industries is a precision engineering company that makes the complex metal innards - differential housings, axle parts, transmission shafts - that go into tractors, construction machines, electric vehicles and now armoured defence vehicles. It was born in 1981 when a first-generation entrepreneur started with a single lathe in a 500-square-foot shed, and over four decades it has grown into a multi-facility operation with more than 115 high-tech machines, guided by a single recurring idea: that obsessive quality, cost discipline and on-time delivery - what management calls QCDDM - will turn first orders into two-decade customer relationships. That philosophy has carried it from job-work for diesel engines to becoming a single-source supplier to global OEMs like John Deere, CNH and Carraro, and it is the same philosophy the second-generation leadership is now applying to defence and industrial markets.** # Business segments A single precision-machining engine, but one that has deliberately diversified its end-markets - from a tractor-dominated base into construction equipment, electric vehicles, defence and industrial gearboxes - while keeping the same build-to-print, build-to-order factory model underneath. ## 1. Precision-machined components: the factory that OEMs treat as their own **Kranti takes a customer's drawing, designs the process and tooling around it, and delivers finished metal parts to exact tolerances - often as the sole source - so that tractor, construction and defence OEMs get a dedicated production line without having to build one themselves.** - **Build-to-print, not build-to-design** - the company manufactures components exactly to customer specifications, which means it does not own the intellectual property of the part but earns its margin through process engineering: designing the work-holding, tooling and machining sequence that makes the part manufacturable at scale. - **Dedicated lines for anchor customers** - rather than running a single job-shop queue, Kranti sets up production lines that run continuously for a single customer's part; one line has been supplying an EV component to Kalyani Techno Forge for 12-15 months without interruption, giving the OEM the reliability of in-house supply. - **Single-source moat** - the company is the sole supplier for many of its OEM customers, a status built over relationships that stretch back more than 20 years with names like John Deere (since 1999), Carraro (since 2004) and CNH (since 2008). That stickiness means the customer's production line depends on Kranti's deliveries. - **From tractors to tanks** - the end-market mix has shifted from 72% tractors in FY22 to a broader spread that by FY26 included 15% construction equipment, 5% EVs and a new defence vertical through orders from Armoured Vehicles Nigam Limited for its Heavy Vehicles Factory and Machine Tool Prototype Factory. - **Export orders as a second engine** - the company has moved beyond domestic supply with contracts from CNH Industrial in Italy for planetary carriers and steering knuckles, and a development order from Canada's CGL Manufacturing for alternator housings, giving it a foothold in European and North American supply chains. # Manufacturing backbone **Six facilities, a digital nervous system and a captive foundry network give Kranti the capacity and control to promise zero-defect parts on short lead times - and to enter new geographies without building from scratch.** - **Four owned plants, one leased entry into the North** - three factories in Pirangut, Pune (totalling over 100,000 square feet) house the core machining fleet, while a leased 35,000-square-foot facility in Jaipur, operational from January 2026, was acquired complete with machinery and an exclusive customer arrangement from Universal Autofoundry, giving Kranti instant defence-sector capacity and a Northern India footprint. - **A machine park that handles anything from 100 mm to 1,200 mm** - the 58-plus production machines include 5-axis turn-mill centres, horizontal machining centres, vertical turret lathes and CNC turning centres, giving the company the flexibility to switch between small and large components at short notice. - **Smart-factory digital stack** - Plant 3 was purpose-built as an Industry 4.0 facility with IoT-based production monitoring, real-time machine-level data capture through the SfHawk system, and dashboards tracking overall equipment effectiveness at 86.6%, so management can see every machine's performance and predict maintenance before it fails. - **Foundry partners for backward integration** - through its associate companies Preciso Metall (shell-moulding foundry in Kolhapur, 200 tonnes per month) and Kranti SFCI (high-pressure moulding line in Gujarat, 500 tonnes per month), the group can source castings internally, reducing dependence on outside foundries and tightening control over raw-material quality. - **Sustainability as a factory-floor discipline** - a zero-liquid-discharge system recycles up to 95% of water, a 225 KWp rooftop solar installation supplies 7.5% of energy needs, and the company holds ZED Silver certification for quality and energy efficiency, making resource conservation part of the operating rhythm rather than a separate initiative. # Group structure and partners **A consolidated listed entity with a recently merged subsidiary, two foundry associates and a new Gujarat joint venture - all arranged to extend the precision-machining core into adjacent capabilities and new industrial clusters.** - **Simplified flagship** - Kranti Industries Limited, listed on the BSE Main Board, absorbed its wholly owned subsidiary Wonder Precision Private Limited through an NCLT-approved merger effective March 2025, eliminating duplicate overheads and pooling the two entities' machining assets under one balance sheet. - **Foundry associates for casting supply** - Preciso Metall (59.84% stake, later reduced to an associate in FY26) operates a shell-moulding foundry in Kolhapur, while Kranti SFCI, a joint venture with the RGK group in Gujarat's Rajkot district, runs a DISA high-pressure moulding line with 500 tonnes per month of capacity, giving the group assured access to cast-iron and SG-iron castings. - **Krako Precision - a Gujarat beachhead with a built-in customer** - incorporated on October 23, 2025 as a 35:65 joint venture with Kores Group, this greenfield CNC machining facility in Halol, Gujarat, began trial production in March 2026 and will primarily serve Kores Group's own casting requirements while also pursuing third-party automotive and engineering work, with Kranti providing the technical and operational know-how.