PTC Industries is an advanced manufacturing company that makes the metal parts and materials that go into jet engines, space rockets, and artillery guns - components where failure is not an option. It began in 1963 as India’s first investment-casting foundry, founded to build the country’s precision-engineering muscle and replace imports with locally made parts. Over six decades, it has climbed a self-described “Technology Pyramid” - from perfecting industrial castings, to pioneering titanium recycling, to casting single-crystal turbine blades and forging the raw titanium slabs that feed them - each stage built on the capabilities and cash flows of the one before.
Business segments
Three engines at different stages - a legacy industrial-castings export business, a strategic-materials and aerospace-castings powerhouse that is the group’s centre of gravity, and a UK precision-machining unit that completes the metal-to-assembly chain - each built with the capabilities of the one before.
1. Strategic Materials & Aerospace Castings: where the group’s future is being forged
PTC is one of the few companies outside the West that can take titanium scrap or sponge, melt it into aerospace-grade ingots, cast it into single-crystal turbine blades, and forge it into plates and bars - all under one roof, in a closed recycling loop.
- World-scale titanium recycling - The company operates what it calls the world’s largest single-site titanium recycling facility, using an Electron Beam Cold Hearth Remelting (EBCHR) furnace with 5,000 tonnes of annual capacity to turn scrap into aviation-grade ingots that are as good as those made from virgin ore. At full tilt, this one furnace would give PTC over 15% of the world’s recycled titanium output, while avoiding 26.4 tonnes of CO₂ for every tonne produced - a cost and sustainability edge that only the USA and France currently match in the Western world.
- The full melt-shop under one roof - Beyond EBCHR, PTC runs Vacuum Arc Remelting (VAR, 1,500 tonnes), Plasma Arc Melting (PAM), and Vacuum Induction Melting (VIM) furnaces, giving it a combined melting capacity of 6,500 tonnes per year across titanium and superalloys. This suite - sourced from the USA, UK, and Germany - means the company can choose the right melting route for each alloy and application, rather than being locked into one process.
- Single-crystal blades, made in India - PTC has developed Single Crystal (SC) and Directionally Solidified (DS) casting technology for turbine blades and vanes with internal hollow cooling passages, making it the only Indian company and one of very few globally with this capability. These are the hottest, most stressed parts inside a jet engine, and the company now has a milestone from GTRE (DRDO) for post-cast operations to manufacture Single Crystal ‘Ready-to-Fit’ turbine blades for India’s combat-aircraft engine programme.
- Forging completes the platform - In June 2026, the company installed what it describes as India’s largest forging system - a 4,500/5,100-tonne intelligent open-die forge - at its 50-acre Strategic Materials Technology Complex in Lucknow. This creates an integrated “Melting + Casting + Forging” flow: sponge or scrap goes in one end, and forged bars, plates, and sheets come out the other, with turnings and offcuts fed back into the EBCHR furnace in a closed loop.
- Marquee customers are already on board - The order book reads like a who’s-who of aerospace and defence: a development and supply order from Blue Origin for BE-4 engine castings, a long-term agreement with Safran for LEAP-1A and LEAP-1B engine components (making PTC Safran’s sole Indian supplier of these parts), a supply agreement with Honeywell, an order from BrahMos Aerospace for titanium castings, and an agreement with BAE Systems to cast titanium structures for the M777 howitzer.
2. Industrial & Defence Castings: the cash cow that taught the company how to cast
This is the original foundry business - making large, complex metal parts for pumps, valves, ships, and oil rigs - which perfected the proprietary casting technologies that now underpin the aerospace division and still generates the bulk of export revenues.
- Big castings, no tooling required - PTC’s in-house RapidCast™ process lets it produce investment castings up to 6,000 kg per piece without building expensive tooling, breaking the weight barrier that normally limits the process. This is how the company serves marine-propulsion customers who need one-off propeller blades and guide-vane chambers, not thousands of identical parts.
- Proprietary tech, proven over decades - The company’s Replicast® process (licensed from the UK’s Casting Technology International) and its forgeCAST™ technology (which uses hot isostatic pressing to give castings the microstructure of forgings) were developed and battle-tested in this industrial business long before aerospace came along. The in-house R&D lab that created them is recognised by India’s Department of Science and Technology.
- Exports are the backbone - Over 85% of the industrial castings output is exported to Europe, North America, Asia, and South America, with a net foreign-exchange earning ratio of 95.55% in FY24. The customer list spans oil and gas, LNG, marine, power generation, and pulp and paper - industries where a failed valve or pump casing can shut down a plant, so buyers stick with approved suppliers.
- Two plants, green credentials - Manufacturing runs out of the Advanced Manufacturing & Technology Centre (AMTC) in Lucknow and a facility in Mehsana, Gujarat, supported by a 750 kW rooftop solar plant and a 750 kW wind turbine, with a target of sourcing more than half the company’s energy from renewables.
3. Trac Precision Solutions: the UK machining arm that finishes the job
Acquired in late 2024, Trac takes the cast and forged blanks that PTC produces and precision-machines them into ready-to-fit turbine blades, nozzle guide vanes, and heat shields for Rolls-Royce, Safran, GE, and Siemens.
- Hot-section specialists - Trac’s core competency is machining the hottest parts of a gas turbine: high-pressure and low-pressure turbine blades, nozzle guide vanes, heat shields, and seal segments. These components operate at temperatures that would melt the metal they are made from, so machining tolerances are measured in microns.
- Bought, not just built - PTC acquired 100% of Trac Holdings Limited in December 2024, gaining a direct manufacturing presence in the UK and a blue-chip customer base that includes Rolls-Royce, Safran, GE, and Siemens. The acquisition creates a complete chain: PTC’s Aerolloy Technologies makes the titanium and superalloy castings, and Trac machines them into finished components for the same engine programmes.
- Capacity is expanding - Trac has added a second Makino G7 5-axis grinding centre - a machine that mills, drills, and grinds in a single setup - alongside new EDM systems and deep-hole drilling capability, boosting output of complex flight-critical parts.
Group structure and partners
PTC Industries is the listed parent, operating through two wholly owned subsidiaries - Aerolloy Technologies (India) for materials and castings, and Trac Precision Solutions (UK) for machining - with a partner network that spans the global aerospace and defence supply chain.
- Aerolloy Technologies Limited (ATL), incorporated in 2020, is the 100% subsidiary that houses the titanium and superalloy melting, aerospace castings, and forging operations on a 50-acre site in the Uttar Pradesh Defence Industrial Corridor. It holds the AS9100 and NADCAP certifications required to supply flight-critical parts.
- Trac Precision Solutions Limited is the operating entity under UK-registered Trac Holdings Limited, acquired in December 2024 as a material subsidiary. It continues to operate under its existing management and workforce.
- The promoter group, led by Chairman and Managing Director Sachin Agarwal, was streamlined in 2024 through a family settlement that reclassified seven individuals to the public category, leaving a tighter promoter structure.
- Key strategic partners include Safran (long-term supply agreement and an MoU to build a domestic defence aerospace ecosystem in India), BAE Systems (M777 howitzer titanium structures), Dassault Aviation (Rafale cast parts), MIDHANI (titanium alloy collaboration), HAL (indigenisation of Russian-origin aircraft components), and BDL (joint venture for missile and UAV propulsion systems).