What we do VST Tillers Tractors Ltd manufactures and sells agricultural machinery including tractors, power tillers, power weeders, and diesel engines, serving over 40 countries with a strong focus on innovation and market leadership. |
Founded in 1,967 |
Market share Largest power tillers producer in India with expanding presence in compact tractors across domestic and international markets. |
Problem solved Mechanizing labor-intensive agricultural operations to improve farm productivity and efficiency, especially for small and marginal farmers. |
Top clients or who we serve Farmers and agricultural businesses (B2B and B2C), with dealers and retailers across India and distribution in over 40 countries. |
Key management Managing Director: Mr. V.T. Ravindra; Chief Executive Officer: Mr. Antony Cherukara; Chief Financial Officer: Mr. Nitin Agrawal. |
Our journey and innovations Founded in 1967 via JV with Mitsubishi; pioneered India's higher horsepower direct injection power tillers; expanded globally with innovative compact tractors and precision agri-machinery. |
Where we operate India (manufacturing units in Malur, Mysore, Hosur), international presence in 40+ countries including Europe and USA. |
Top products or what we offer Tractors (2-50 HP range), Power Tillers, Power Weeders, Diesel Engines, Precision Components, Power Reapers, and Power Weeders. |
Top brands Viraat, Viraaj, VST Shakti, FieldTrac (Europe), VST Zetor; known for performance and innovation in power tillers and compact tractors. |
Raw materials needed Steel, diesel engines, precision components, electronics for implements and machinery production. |
Raw materials supplier Domestic and international suppliers aligned with quality and just-in-time delivery standards. |
Recurring vs cyclical contribution Revenue is largely cyclical, linked to agricultural seasons and demand cycles, with recurring aftermarket and spare parts sales. |
Our industry position Market leader in power tillers in India; growing footprint in compact tractor segment domestically and internationally with strong dealer network. |
Financial highlights FY 2024-25 revenue Rs 994.55 Crores; PAT Rs 92.97 Crores; steady revenue growth around 2.7% in recent year; operating EBITDA approx. Rs 111 Crores. |
Geographical revenue split Majority from India; significant exports across Europe, Americas, and Asia covering 40+ countries. |
Order book - |
Whats driving growth Product innovation, expanding distribution network, new model launches, international expansion, digital transformation, and increased farm mechanization. |
Our future plans Expand compact tractor range including electric models, scale global presence via JV and subsidiaries, enhance product development, and increase dealer outreach. |
Our green promise ISO 14001 certified environmental management; initiatives in waste reduction, emission controls, and tree planting drives at facilities. |
Our people and values Approx. 800 permanent employees; emphasis on safety, health, inclusivity, continuous training, and fostering innovation culture. |
Key challenges ahead Managing supply chain disruptions, intensifying competition, evolving technology trends, and navigating cyclical agricultural demand. |
Interesting facts First in India to introduce higher horsepower direct injection power tillers and a pioneer in affordable combine harvesters and rice transplanters. |
Risks and strategy Agricultural market cyclicality, raw material price volatility; mitigated by product diversification, export market expansion, and robust risk management. |
