T & I Global Ltd is a premier Indian engineering and agro-industrial enterprise with over **four decades** of specialized expertise. The company operates a unique vertically integrated model, combining the manufacture of high-precision tea and food processing machinery with the cultivation and processing of tea. Holding a dominant **40% market share** in the tea machinery export sector, TIGL has established a formidable global footprint across more than **35 countries**, including major markets in Africa, Southeast Asia, Latin America, and Australia. --- ### **Core Business Segments & Operational Structure** TIGL operates through three distinct but synergistic divisions, allowing for end-to-end control over the value chain: | Segment | Core Activities | Key Assets & Capacity | |:---|:---|:---| | **Machinery Division** | Design, manufacture, and turnkey installation of processing lines for tea and food products. | Integrated facility in **Kolkata**; **DSIR-certified** R&D center. | | **Tea Division** | Cultivation and processing of CTC and Green tea for domestic and export markets. | **Mainak Tea Garden** (1,000 acres) in West Bengal; **1 million kg** annual capacity. | | **Trading Division** | Strategic procurement and sale of machinery and specialized components. | Sourcing from **T & I Projects Ltd** (up to **₹130 crore** annually). | --- ### **Technological Leadership & Product Innovation** The company has successfully transitioned from a traditional machinery manufacturer to a provider of automated, multi-sector food processing solutions. Its portfolio is characterized by high-precision engineering and patented technologies: * **Tea Processing Excellence:** TIGL provides full turnkey solutions for **CTC, Orthodox, and Green tea**. It holds patents for **Continuous Chemical Withering (CCW)** and **Continuous Physical Withering (CPW)** technologies, which significantly enhance processing efficiency. * **Diversified Agro-Processing:** Beyond tea, the company has developed specialized lines for **banana dehydration** (commissioning **India’s first** complete large-scale line), **coconut processing** (VCO, milk, water, and coir), ginger, suji (semolina), potato flakes, and kasuri methi. * **Industrial Drying Solutions:** TIGL was the first in India to introduce **super-absorbent polymer (SAP) dryers**. It also manufactures specialized drying systems for carbon pellets, polymers, and natural rubber. * **Precision Maintenance:** The **"Axis Range"** of automatic milling and chasing machines ensures high-precision sharpening and maintenance of tea machinery rollers. --- ### **Manufacturing Infrastructure & Quality Framework** Operations are centralized at a state-of-the-art facility in **Kolkata**, enabling "Zero Defect" manufacturing through advanced industrial automation: * **Advanced Fabrication:** The facility integrates **Robotic Arc Welding**, **High-speed Laser Cutting**, **CNC & VMC Machining**, and specialized sheet metal punching systems. * **Quality Standards:** The company adheres to **ISO 9001:2015** and **FSSAI** standards. It operates under a "5 Mantras" framework: **Define, Measure, Analyze, Improve, and Control**. * **Sustainability Initiatives:** To mitigate rising energy costs and reduce its carbon footprint, manufacturing facilities are partially powered by **solar panels**. --- ### **Strategic Pivot: The "One-Stop Shop" Growth Strategy** TIGL is executing a deliberate shift to move beyond its core tea segment into high-growth agricultural verticals: * **Market Expansion:** Actively capturing share in the **Fruit & Vegetable Processing** and **Coconut Processing** sectors. * **Entrepreneurial Empowerment:** Providing advisory services and equipment for **mini tea factories**, enabling local farmers and small-scale entrepreneurs globally to add value to their produce. * **Modern Distribution:** Scaling through **online retail platforms** and **Direct-to-Consumer (D2C)** channels to reach global markets with specialty tea blends and functional infusions. * **Client Base:** Supplies major global tea producers, including the **Tata Group**, and maintains a strong presence in **Sri Lanka, Bangladesh, Vietnam, Kenya, South Africa, and China**. --- ### **Financial Performance & Capital Structure** TIGL achieved record-breaking financial results in the most recent full fiscal year, driven by the strength of its machinery exports. **Financial Summary (Audited):** | Metric (₹ in Crore) | FY 2023-24 | FY 2022-23 | Y-o-Y Growth | | :--- | :--- | :--- | :--- | | **Revenue from Operations** | **183.50** | **152.34** | **20.45%** | | **EBITDA** | **13.82** | **12.94** | **6.84%** | | **Profit After Tax (PAT)** | **9.94** | **8.43** | **17.94%** | * **Segmental Contribution:** The Tea Machinery Division contributed **₹167.61 crore** to the FY24 revenue. * **Capital Allocation:** The company recommended a **zero dividend** for FY24, opting to retain profits to fund aggressive **business expansion** and R&D. * **Share Capital:** Total diluted share capital stands at **50,67,700 shares**. --- ### **Governance & Leadership** The company is steered by the **Bagaria family**, now in its **fourth generation** of leadership, ensuring a blend of deep industry legacy and modern marketing expertise. * **Board Composition:** **10 members**; **70% Non-Executive Directors** providing robust independent oversight. * **Key Leadership:** * **Mr. Sajjan Bagaria (Chairman):** Over **54 years** of industry experience. * **Mr. Vineet Bagaria (Managing Director):** Over **33 years** in global marketing and operations. * **Mr. Sangeet Bagaria (Director):** Lead innovator holding **3 patents** in tea machinery. --- ### **Risk Profile & Mitigation Strategies** TIGL operates in a complex environment influenced by agricultural cycles and global economic shifts: * **Environmental & Climate Risk:** Erratic weather patterns and a **14.38% decline** in South Indian tea production (late 2025) highlight the vulnerability of the tea segment. **Mitigation:** Diversification into non-tea agro-processing (coconut, banana, spices). * **Input Cost Volatility:** Rising costs for **steel, electrical components, and energy** (with effective power tariffs in West Bengal rising to **₹6.80 per unit**) are managed through internal productivity enhancements and price revisions. * **Financial Governance:** The company is addressing historical scrutiny regarding **Non-Performing Assets (NPA)** and "willful default" classifications related to specific credit facilities (Totaling **₹5.88 Crore**) through formal committee reviews and strict regulatory compliance. * **Labor & Regulatory Risk:** As a labor-intensive business, TIGL manages stringent compliance with labor laws and mitigates skilled labor shortages through increased investment in **robotic automation**. * **Financial Risk Management:** A structured framework is in place to manage **Credit Risk** (customer vetting), **Liquidity Risk** (maintaining cash buffers), and **Currency Risk** (hedging export exposures).