What we do Pitti Engineering Ltd manufactures engineering products like electrical steel laminations, motor/generator sub-assemblies, die-cast rotors, serving diverse industrial sectors including power, railways, and renewables. |
Founded in 1,983 |
Market share India's largest electrical steel laminations manufacturer with strong export presence across 11+ countries and diverse industrial clients. |
Problem solved Solves need for high-precision engineering components essential for efficient motors, generators, and industrial machinery in multiple sectors. |
Top clients or who we serve Clients include Siemens, Kirloskar, Crompton Greaves, Bharat Bijlee serving B2B sectors like power generation, railways, renewables, mining, and e-mobility. |
Key management Sharad B. Pitti (Founder & Chairman), Akshay S. Pitti (Managing Director & CEO) with deep industry experience driving growth and integration. |
Our journey and innovations Founded 1983; IPO in 1994; expanded capacities; forward integration into die-cast rotors, machining; multiple acquisitions; advanced coating line in 2025. |
Where we operate Operations primarily in India with manufacturing plants in Telangana, Maharashtra, Karnataka; exports across North America, Europe, Asia-Pacific, South America, Africa. |
Top products or what we offer Flagship products include electrical steel laminations, die-cast rotors, machined castings, fabricated shafts, and motor/generator core assemblies. |
Top brands No separate brand names; recognized for high-quality laminated steel and cast components; key supplier for Indian motor manufacturers. |
Raw materials needed Iron, steel, electrical grade steel, alloys, and casting materials for manufacturing laminations and machined components. |
Raw materials supplier Supplied by domestic and international steel producers and foundry material suppliers. |
Recurring vs cyclical contribution Revenue is a mix of recurring orders and cyclical industrial demand influenced by sectors like power, railways, and infrastructure. |
Our industry position Market leader in laminations and key integrated component supplier with robust export footprint and growing value-added machining business. |
Financial highlights FY25 consolidated revenue ₹1,704.6 crore; net profit ₹122.3 crore; 2024-25 EBITDA margin ~16%; continued revenue & profit growth. |
Geographical revenue split FY25 revenue split: ~70% India, ~30% exports across six continents. |
Order book - |
Whats driving growth Growth driven by expanding capacities, acquisitions, rising domestic infrastructure, renewables demand, and deepening export markets. |
Our future plans Capex of ₹150 crore to augment sheet metal, machining, casting capacities by FY27, and further sector diversification. |
Our green promise Focus on energy-efficient products, sustainable manufacturing practices, and alignment with renewable energy sector growth. |
Our people and values Over 2,000 employees; emphasis on training, diversity, employee engagement via ESOP, and ethical workplace policies including anti-harassment. |
Key challenges ahead Managing supply chain challenges, raw material price volatility, maintaining competitive margins, and scaling integration efficiently. |
Interesting facts One of India’s largest electrical lamination exporters with over 40 years of experience, serving 100+ global countries with engineering excellence. |
Risks and strategy Mitigates risks via diversified customer base, vertical integration, strong governance, and continual investments in technology and capacity. |
