### **Overview** Tamboli Industries Limited (TIL), formerly known as Tamboli Capital Limited, is the flagship holding and strategic entity behind **Tamboli Castings Limited (TCL)** — a premier Indian manufacturer specializing in advanced investment casting (Feinguss) and fully machined, high-precision metal components. Listed on the Bombay Stock Exchange (BSE: 533170) since 2010, TIL rebranded in 2024 to reflect its evolution from a special purpose vehicle into a focused industrial leader in niche precision manufacturing. TCL, incorporated in 2004 as a 100% Export Oriented Unit (EOU) in Bhavnagar, Gujarat, commenced operations in 2006 and contributes **99% of TIL’s total revenue**. The company is promoted by the **Tamboli family**, pioneers of investment casting technology in India with nearly **five decades of industry leadership**. --- ### **Core Business & Capabilities** - **Specialization**: Advanced investment casting (lost wax/Feinguss) producing fully machined, ready-to-fit components with exceptional dimensional accuracy and surface finish. - **Weight Range**: 10 grams to 80 kilograms (current); previously up to 100 kg. - **Materials & Alloys**: Over **150 alloys** compliant with global standards including **ASTM, DIN, JIS, IS, and BS** — covering stainless steel, low/high alloy steels, aluminum, and non-ferrous metals. - **Industries Served**: - Pneumatics & Automation - Pumps, Valves & Turbo Parts - General Engineering - Automotive (including ICE and EV components) - Aerospace (niche applications) - Locomotive, Mass Transit, Pharmaceuticals, Food Processing, and Architectural Components --- ### **Manufacturing & Facilities** - **Location**: 10-acre state-of-the-art facility in **Bhavnagar, Gujarat**, strategically located near ports and airports for efficient export logistics. - **Production Capacity**: **600 tons per annum (TPA)**, scalable through de-bottlenecking and future expansions. - **Automation & Technology**: - Fully integrated **Industry 4.0 ecosystem** with **SCADA systems (Mitsubishi & Siemens)**, real-time monitoring, and proprietary ERP. - Robotic shelling, laser marking, and automated core production. - Advanced machining centers: **Mazak (Japan) and DMG (Germany)**, including 7-axis CNC/VMC machines. - In-house **3D printing, scanning, and prototyping** for rapid development cycles. - High-end storage/retrieval systems, heat treatment, and NDT capabilities. - **Backward Integration**: - Captive **1 MW solar power plant** operational since March 2024, meeting significant internal energy needs and reinforcing sustainability goals. - Environmentally compliant with certifications: **ISO 14001:2015 (Environmental)** and **OHSAS 18001:2007 (Safety)**. --- ### **Quality & Certifications** - Internationally recognized certifications: - **EN9100:2018** (Aerospace) - **IATF 16949:2016** (Automotive) - **ISO 9001:2015** (Quality), with audits by **TÜV, Germany** - **NADCAP 2019** for Non-Destructive Testing (NDT) - Dedicated **quality assurance systems**, including CMMs and advanced inspection equipment, ensure adherence to strict international standards. --- ### **Market Presence & Revenue Mix** - **Export-Oriented Model**: 85% of revenue from exports; designated **STAR Export House** by the Government of India. - **Geographic Revenue Distribution (FY25)**: - **Europe**: 77% - **India (Domestic)**: 15% - **USA**: 3% - **China**: 2% - **Others (Middle East, South America, etc.)**: 3% - **Application-Wise Revenue (FY25)**: - **Pneumatics & Automation**: 35% - **General Engineering**: 35% - **Pumps, Valves & Turbo Parts**: 22% - **Automotive**: 8% - **Aerospace**: <1% --- ### **Customers & Strategic Positioning** - Trusted **supplier to Fortune 500 and Forbes 1000 companies**, including: - Major German automation & pneumatics conglomerate (present in 61 countries) - Leading American manufacturer of machined assemblies - Top European suppliers of pumps, hydropower, architectural components, and drive technology - **Key Supply Chain Roles**: - **Tier-1 supplier** for the **Amrit Bharat Express** train project under Indian Railways; prototype parts cleared, bulk supply underway. - Key partner to a **global rail & locomotive OEM**, with full portfolio approvals secured. - Resumed supplies to a major **global automotive OEM in India**, signaling recovery in the auto segment. --- ### **R&D and Engineering Support** - End-to-end **engineering services** from concept to production: design optimization, tolerance analysis, alloy selection, and cost efficiency. - **In-house R&D** focused on: - Process improvements and new product development - Adoption of advanced materials and complex geometries - Expanding into larger and more technically demanding components - **3D simulation tools** (Solidworks), data-driven decision-making, and Lean Six Sigma-certified personnel enhance innovation and operational excellence. --- ### **Strategic Developments (2024–2025)** #### **Growth Opportunities** - Strong demand emerging in **Pumps & Valves segment** due to carbon reduction and water desalination initiatives in the **Middle East and North Africa (MENA)** region. - Infrastructure modernization in **U.S. and European rail and transit systems** creating new market avenues. - Benefiting from global **supply chain diversification away from China**; positioned as a "Make in India, Make for the World" manufacturing alternative. #### **Challenges & Mitigation** - **Near-term headwinds**: - Weak demand from Europe due to economic slowdown and policy uncertainty. - Customer destocking, high energy costs, and **Red Sea supply chain disruptions** impacting freight and timelines. - **Strategic Responses**: - Expanding domestic footprint via **new Indian partnerships and local trade exhibitions**. - Building a robust **pipeline of prototypes** to capture recovery-led demand. - Investing in **de-bottlenecking and automation** to enhance competitiveness. #### **Sustainability & ESG** - The **1 MW solar plant** reflects a tangible commitment to green manufacturing, reducing carbon emissions and energy costs. - Sustainable operations supported by closed-loop water systems, waste minimization, and energy-efficient processes. --- ### **Financial & Operational Strengths** - **Debt-free balance sheet**, strong liquidity, healthy cash flows — supporting self-funded growth and resilience. - Manufacturing segment is **highly scalable**, with available infrastructure for capacity expansion. - Revenue diversification through **multi-industry, multi-geography**, and multi-client exposure — reducing sectoral concentration risk.