What we do Jupiter Wagons Limited is a leading integrated manufacturer of railway wagons, passenger coach components, commercial vehicle bodies, and related products serving Indian Railways and other sectors. |
Founded in 1,979 |
Market share A dominant player in railway wagon manufacturing with expanding footprints in wheelsets, brake systems, and electric commercial vehicles, supporting 'Make in India' initiatives. |
Problem solved Providing reliable, technologically advanced transportation and logistics solutions while fostering sustainable and electric mobility in commercial vehicles and rail. |
Top clients or who we serve Indian Railways, Defence, commercial vehicle sectors, electric mobility customers, and international railway components markets; B2B and B2C segments. |
Key management Mr. Vivek Lohia, Managing Director; Mr. Vikash Lohia, Deputy Managing Director; Mr. Abhishek Jaiswal, Whole-Time Director & CEO. |
Our journey and innovations Founded in 1979, evolved from commercial vehicles to integrated railway engineering including wagon manufacturing, electric vehicles, battery storage, and beginning wheel and axle production in 2024. |
Where we operate Primarily India with manufacturing units across states; export activities in railway components and electric commercial vehicles globally. |
Top products or what we offer Railway wagons, passenger coach components, commercial vehicle load bodies, braking systems, electric light commercial vehicles, battery energy storage systems. |
Top brands Jupiter Wagons (railway rolling stock), Jupiter Electric Mobility (electric vehicles and BESS), Bonatrans India (wheelsets), Stone India (braking systems). |
Raw materials needed Alloy steel, castings, fabricated metals, brake components, electrical and battery raw materials for EVs. |
Raw materials supplier Various domestic and international steel and raw material suppliers, plus technology partners from Europe. |
Recurring vs cyclical contribution Revenue included both recurring (components, services) and cyclical (wagon orders) streams with growing recurring income from new energy and electric vehicle business. |
Our industry position Among top Indian wagon manufacturers with expanding capabilities in wheelsets and EV supply chain, recognized for quality and integration. |
Financial highlights FY25 revenue ₹3,963 Cr+, net profit ₹382 Cr+; Q2 FY26 revenue ₹786 Cr, 71% QoQ growth; EBITDA margins around 13%; strong order book of ₹5,538 Cr. |
Geographical revenue split Majority revenue from India (~₹3,961 Cr), minimal international sales (~₹1.8 Cr). |
Order book Robust order book of over ₹5,538 Crore as of September 2025, spanning railway wagons, wheelsets, and electric mobility products. |
Whats driving growth Demand recovery in wagon supply, growth in wheelset and axle orders, expansion in electric commercial vehicles and battery storage deployments. |
Our future plans Investing ₹2,500 Cr in Odisha wheelset plant; expanding EV dealerships; launching advanced battery systems; focus on clean energy and digital solutions. |
Our green promise Focus on sustainability via solar power at plants, electric mobility solutions, battery energy storage systems, and reducing carbon footprint. |
Our people and values 1,016 employees; culture emphasizing safety, upskilling, diversity with 30% leadership from underrepresented groups; employee wellness initiatives. |
Key challenges ahead Supply chain disruptions, technology transition to electrification, capital intensive expansions, regulatory compliance, and competitive market dynamics. |
Interesting facts First Indian wagon manufacturer with in-house wheel plant via Bonatrans acquisition; launched India-first modular containerized BESS; strong JV partnerships with European technology firms. |
Risks and strategy Mitigation via diversified product lines, backward integration, joint ventures, technological innovation, and strong financial controls. |
