About Technocraft Industries India Limited

Technocraft Industries India Limited is a multi-product manufacturing company founded by the Saraf family and incorporated on October 28, 1992, with operations spanning drum closures, scaffolding and engineered formwork systems, textiles (cotton yarn, fabric, garments), and engineering/designing services for global markets. The company operates integrated manufacturing at Murbad (Kalyan, Maharashtra) for drum closures, scaffolding, yarn, fabric, and garments; it also runs a yarn unit at Amravati (Maharashtra), an overseas drum closures facility in China, and aluminium fabrication/extrusions via subsidiaries in Aurangabad (Maharashtra). As on March 31, 2025, there are 24 subsidiaries, including 10 direct Indian subsidiaries, 4 direct foreign subsidiaries, and 10 step-down subsidiaries across the USA, UK, Germany, UAE, Denmark, Poland, New Zealand, Brazil, and China, with AAIT Technocraft Scaffold Distribution LLC FZE classified as a material subsidiary for FY 2024–25. Key milestones in FY 2024–25 include completion of a share buy-back on September 12, 2024, continued expansion in scaffolding/formwork capacity (~68,000 MT installed in India), and reconfiguration of the textile footprint with spinning consolidated at Amravati and fabric at Murbad to improve efficiency and margins over time.

Technocraft Industries India Limited Business Segment

• Drum Closures: The company is the world’s largest manufacturer and seller of steel drum closures with about 37% global market share (excluding China), supplying leading drum makers worldwide; approximately 87% of drum division revenue was export in FY 2024–25; consolidated revenue from operations increased from Rs 543.00 crore to Rs 618.00 crore, with profit before tax and finance cost but after depreciation rising from Rs 186.00 crore to Rs 220.00 crore.

• Scaffolding and Formwork: A leading Indian manufacturer and distributor, exporting for over two decades and the largest scaffolding exporter from India; consolidated revenue from operations grew 21% from Rs 1,032.00 crore to Rs 1,245.00 crore, while profit before tax and finance cost but after depreciation decreased from Rs 184.00 crore to Rs 168.00 crore; flagship solutions include MCH ONE (lightweight aluminium formwork) and MCH PLUS (lighter scaffolding system to reduce labour-intensive costs).

• Textiles (Yarn, Fabric, Garments): Consolidated revenue from operations increased to Rs 592.00 crore from Rs 492.00 crore; the division recorded a loss before tax and finance cost but after depreciation of Rs 39.00 crore versus Rs 17.00 crore prior year; exports form the core focus with about 58.41% of fabric exported mainly to Europe, Asia, and Latin America; the restructured model targets 12–15% EBITDA over time.

• Engineering and Designing Services (Technosoft): Global engineering/IT services with 800+ engineers, operating through subsidiaries in North America and Europe; revenue rose to Rs 210.00 crore from Rs 198.00 crore, with about 96.54% export revenue.

Disclosed revenue mix

• Domestic vs international (selected disclosures):
  • Drum division export: approximately 87% of division revenue (amount not disclosed by division).

  • Technosoft export: approximately 96.54% of division revenue (amount not disclosed by geography).

• Segment percentage contribution to total revenue is not disclosed; hence skipped as instructed.
  

Technocraft Industries India Limited Key Management

• Dr. Sharad Kumar Saraf — Chairman & Managing Director.

• Mr. Sudarshan Kumar Saraf — Co‑Chairman & Managing Director.

• Mr. Navneet Kumar Saraf — Whole‑time Director & CEO.

• Mr. Ashish Kumar Saraf — Whole‑time Director & CFO.

• Mr. Atanu Anil Choudhary — Whole‑time Director.

• Independent Directors as of March 31, 2025 include Mr. Aubrey Rebello, Mr. Murarilal Jhunjhunwala, Mr. Rohit Rajgopal Dhoot, Mr. Shankar Shivram Jadhav, and Mrs. Swati Vikas Khemani (appointed w.e.f. September 19, 2024).
  

Latest Updates on Technocraft Industries India Limited

• Buy‑back of 2,88,889 equity shares completed on September 12, 2024, via tender offer under SEBI regulations.

• AAIT Technocraft Scaffold Distribution LLC FZE designated a material subsidiary for FY 2024–25; Board approved related‑party export sales up to Rs 600.00 crore for FY 2025–26 to AAIT (distribution of scaffoldings outside India).

• Scaffolding/formwork capacity in India at about 68,000 MT; strong domestic infra traction alongside international markets.

• Textile restructuring progressed: spinning at Amravati; melange yarn discontinued at Murbad; division targets 12–15% EBITDA longer term.

• Appointment of Ms. Pramod Jain & Co. as Secretarial Auditors recommended for a five‑year term; NKJ Associates appointed as Cost Auditors for FY 2025–26.