What we do Tirupati Forge Ltd manufactures closed die forged products and forged flanges serving auto components, bearings, gears and pipeline industries domestically and internationally. |
Founded in 2,012 |
Market share Growing presence in domestic and global forged products markets with exports to USA, Italy, Morocco, and strong SME listing on NSE Emerge. |
Problem solved Provides durable forged components critical for automotive, railway, oil & gas pipeline industries ensuring quality and traceability. |
Top clients or who we serve Automobile, Railways, Agriculture, Oil and Gas, Water Pipeline sectors; B2B including international and Indian industrial clients. |
Key management Mr. Hiteshkumar G. Thummar (Chairman & Managing Director), Mr. Bhavesh T. Barasiya (Whole-Time Director) |
Our journey and innovations Incorporated in 2012; transitioned to public in 2017; expanded exports; operationalized 4.8 MW solar plant in 2025; diversified into defense and renewable energies. |
Where we operate India, United States, Italy, Morocco, and other export markets. |
Top products or what we offer Open die forged auto components, crankshafts, bearings, gears, forged flanges (carbon, stainless steel), and customized forgings. |
Top brands - |
Raw materials needed Mild steel, carbon steel, stainless steel for forging flanges and auto components. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is a mix of recurring industrial orders and project-based cyclical sales. |
Our industry position Recognized SME player listed on NSE, serving critical sectors with ISO certified quality standards. |
Financial highlights FY 2024-25 revenue Rs 114.98 crore; net profit Rs 7.86 crore; 4.84% revenue growth and 18.24% profit growth year-over-year. |
Geographical revenue split Approx. 56% exports including USA and Europe; 44% domestic sales. |
Order book - |
Whats driving growth Expanding domestic demand, export market growth, renewable energy initiatives, and diversification into defense manufacturing. |
Our future plans Scaling renewable energy with solar plant, defense sector entry, and capacity expansion to meet growing industrial demand. |
Our green promise Operational 4.8 MW solar power plant from 2025 reduces carbon footprint and energy costs. |
Our people and values Strong management backed by experienced directors; committed workforce adhering to ISO quality and ethical governance. |
Key challenges ahead Raw material price volatility, compliance with environmental regulations, and competitive global forging markets. |
Interesting facts Successfully executed a public listing on NSE Emerge; aggressive renewable energy adoption in a traditional forging industry. |
Risks and strategy Mitigates operational and financial risks through quality certifications, diversified clientele, and internal control systems. |
