What we do Gallard Steel Limited manufactures critical ready-to-use components for Indian railways, defence, power generation, and heavy engineering sectors. |
Founded in 2,015 |
Market share Recognized Class A' foundry by Indian Railways with approvals for critical railway and defence components. |
Problem solved Provides high-quality engineered metal components enabling reliable railway traction motors, defence equipment, and power generation machinery. |
Top clients or who we serve Serves Indian Railways, defence production units, and heavy engineering companies (B2B). |
Key management - |
Our journey and innovations Incorporated in 2015; acquired Sleeploop India Private Limited in 2024; achieved multiple RDSO and defence approvals. |
Where we operate Operations primarily in India with clients in railways, defence, and power generation sectors. |
Top products or what we offer Traction motor parts, bogie assembly components, turbine sub-assemblies, industrial machinery parts. |
Top brands - |
Raw materials needed Unmachined and machined castings of carbon steel, ductile iron, grey cast iron, and alloy steels. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from project-based and batch manufacturing with some recurring supply contracts. |
Our industry position A trusted supplier for Indian railways and defence with regulatory certifications and capacity assessments. |
Financial highlights FY 2022-23 revenue Rs. 20.6 Cr; net profit Rs. 1.14 Cr; FY 2024 revenue Rs. 53.32 Cr, net profit Rs. 6.07 Cr showing strong growth. |
Geographical revenue split Revenue primarily from domestic Indian markets. |
Order book - |
Whats driving growth Increasing demand from Indian railways modernization and defence manufacturing initiatives. |
Our future plans IPO planned with 30 lakh fresh equity shares; further capacity expansions and diversification. |
Our green promise Implements energy conservation measures and green initiatives to reduce environmental impact. |
Our people and values Small leadership team focused on ethical governance, quality, and stakeholder trust. |
Key challenges ahead Scaling production while maintaining quality and compliance with stringent regulatory standards. |
Interesting facts Holds Class A foundry status from RDSO; only supplier approved for several critical railway components. |
Risks and strategy Risks include raw material price fluctuations and regulatory changes; strategy includes certifications and client diversification. |
