Nitin Castings is a custom alloy-steel foundry - it pours molten metal into moulds to make parts that go into tractors, mining trucks, wind turbines and oil rigs, each one built to a customer’s exact specification. Incorporated in 1982 and run by a mechanical engineer who has spent over 36 years in the castings industry, the company has survived by refusing to be a commodity player: it chases orders that demand a specific alloy mix, shape and size, which makes product-by-product comparison impossible and price the second question rather than the first. That recurring approach - custom work, export-led diversification, and a steady push into more advanced process technologies - is the thread that runs through everything it does. # Business segments A single business - custom alloy-steel castings - served through three process technologies and two plants, with a machining workshop that turns rough castings into finished components. ## 1. Alloy-steel castings: the custom parts no catalogue can supply **Every casting is made to order, so the company competes on metallurgical know-how and delivery reliability rather than on price against mass producers.** - **Three ways to shape metal** - the company pours steel using static casting (pouring into a stationary mould), centrifugal casting (spinning the mould so the metal hugs the outer wall, ideal for hollow cylindrical parts), and investment casting (a precision wax-pattern method added after September 2022 that produces near-net-shape components with less machining). - **Made for machines that break the ground** - its castings end up in automotive, agriculture, mining and earthmoving equipment, and the company has deliberately broadened its export book so it is “not much more dependent on automotive industry,” cushioning itself against slowdowns in any one sector. - **Two sites, one sequence** - the main foundry at Silvassa (Dadra & Nagar Haveli) melts and pours the steel, while a separate machining and fabrication workshop at Vapi (Gujarat) finishes the raw castings, giving the company control from molten metal to ready-to-assemble part. - **Energy cost is the silent rival** - melting steel is power-hungry, so the company runs its furnaces in consolidated, economical lot sizes to squeeze the most output from every unit of electricity consumed. - **Small in a giant arena** - India is the world’s third-largest casting producer, turning out 11-12 million tonnes a year in an industry valued at over $18 billion, yet most Indian foundries are small and medium enterprises that cannot afford advanced automation; the company’s investment-casting line is a bet on staying ahead of that fragmented field. # Group structure and partners **A tightly held, standalone company with no subsidiaries or joint ventures, now being taken private by its founding promoters.** - **No corporate layers** - the company has no holding company, no subsidiaries, no joint ventures and no associate companies; it is a single legal entity with a single business. - **Promoter-controlled from the start** - as of March 2024, the promoter group held 71.39% of the equity, with the Kedia family (Nitin, Nirmal, Shalini and Suman) accounting for the bulk of it. - **Heading for the exit door** - in early 2026 the promoters launched a voluntary delisting from the BSE, offering to buy out the remaining 28.61% of public shares through a reverse book-building process at a floor price of ₹273.36 per share; shareholders approved it unanimously in March 2026.