What we do Swaraj Engines Ltd manufactures diesel engines primarily for 'Swaraj' tractors supplied to Mahindra & Mahindra Ltd, covering 20 HP to 65 HP range. |
Founded in 1,985 |
Market share Key supplier of diesel engines for Swaraj tractors, part of Mahindra Group, with a dominant position in the tractor engine segment. |
Problem solved Provides reliable and efficient diesel engines tailored for agricultural tractors, enhancing farm mechanization and productivity. |
Top clients or who we serve B2B supplier largely serving Mahindra & Mahindra's Swaraj tractor division and Punjab Tractors Ltd historically. |
Key management - |
Our journey and innovations Started in 1985 with Punjab Tractors and Kirloskar Engines; grew capacity from 16,000 engines to 1,95,000 annually; merged under Mahindra in 2009; capacity expansion ongoing. |
Where we operate India, supplying engines domestically primarily, with a focus on Punjab and adjacent regions. |
Top products or what we offer Diesel engines ranging from 20 HP to 65 HP for tractors; high-tech engine components for Swaraj Mazda vehicles. |
Top brands Swaraj Engines - flagship diesel engine brand powering Swaraj tractors, known for reliability and strong market presence. |
Raw materials needed Steel, castings, engine components sourced from automotive suppliers. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mostly recurring from consistent engine supplies to tractor manufacturing units. |
Our industry position Market leader in diesel engines for Swaraj tractors; backed by Mahindra's extensive distribution and tractor market share. |
Financial highlights FY 2025 Revenue: Rs.1682 Cr, Net Profit: Rs.166 Cr; 21.7% volume growth; 18.5% revenue growth; five consecutive years of growth. |
Geographical revenue split Primarily Indian domestic market. |
Order book - |
Whats driving growth Rising tractor demand due to favourable agricultural conditions, government support, and capacity expansions boosting sales. |
Our future plans Capacity expansion to 2,40,000 engines annually to meet increased demand. |
Our green promise Implements environmental management systems ISO 14001:2015 and occupational safety OHSAS 45001:2018; promotes eco-friendly initiatives. |
Our people and values Commitment to safety and inclusion, skill development, and employee welfare. |
Key challenges ahead Managing capacity expansions without compromising quality and addressing raw material cost fluctuations. |
Interesting facts Supplied over 1.76 million engines since inception; subsidiary of Mahindra & Mahindra with over 52% holding. |
Risks and strategy Focus on operational efficiency, capacity enhancements and close alignment with Mahindra to mitigate sector risks. |
