Kranti Industries inaugurates new manufacturing facility in Pune

Pune 17 May 23 : Kranti Industries (BSE: 542459) , manufacturer of critical and precision machine components today inaugurated its third plant at Pirangut near Pune. The first two plants are situated in the same vicinity. The new facility will significantly augment the capacity to meet the requirement of Indian and Global clients.

The facility was inaugurated at the hands of Chief Guest Dr. Balaji Gopalan, Managing Director Carraro India Pvt lts in presence of Guests of Honour Mr. Rajesh Edlabadkar, Regional Supply Chain Head John Deere India Pvt Ltd, Mr.Mohan Kadam DANA Incorporated, Vikrant Jain AGM International Tractors Ltd, Mr. Satish Dhakar, DGM Purchase, CNH Industrial India Pvt ltd.

In a span of four decades Kranti Industries grew from job-work unit to solution provider for critical components and has been a one stop solution for all machining requirements of Tractor Industry, EV and Auto Sector and has specialised in transmission Components. Kranti Industries is the pioneer in providing multi axis machining solutions in SME segments.

Sachin Vora, Managing Director, Kranti Industries Ltd said ‘This new facility represents a significant investment in the future of our company. With cutting-edge technology, modern infrastructure, and a talented team, we are well-positioned to meet the emerging needs of our customers and deliver exceptional value to all stakeholders’.

He added that ‘With this expansion we will have a total of 80 production machines and 3 fully equipped inspection facilities across three facilities. Currently with efforts of 320 team-mates, we have delivered more than six hundred thousand parts to our esteemed customers in FY 22-23 , which is about seven thousand metric tonnes of material consumption. With this new plant full in operation, we aim to reach one million parts annually. The total investment in the first phase is about Rs 23 crore while the company plans to invest another Rs 15 crore over the next two years in machinery. Currently we have 320 direct and indirect employees. We expect to add another 100-120 employees in the next 2 years.

The company’s product mix serves various Industries, the Tractor segment continues to be its largest share followed by EV, Construction Equipment, automotive and others. Product category wise, Axle components have the highest contribution in company’s business followed by Differential Housing, Transmission Components and Other Components.

Sachin Vora said that India is becoming a global sourcing hub for automobile, tractor and EV segments. Kranti Industries has established itself as a reliable source for most of the Indian and Multinational manufacturers in these segments.

This Plant has been designed on the concept of digital manufacturing using IoT & Industry 4.0, thereby making it a smart factory. Most of the operational and administrative aspects have been digitized with specially developed software. Mr. Sumit Vora – Director has given the detailed Demo of Digital Manufacturing during the event.

The group companies also includes Kranti SFCI Pvt ltd , a 50:50 Joint Venture company at Rajkot formed in 2019 . Kranti Industries also recently acquired 55% stake in Kolhapur based Preciso Metall Pvt Ltd. With the additional vertical of Shell Moulded Casting Foundry, Kranti will serve various market segments in addition to the current segment, he added.

Kranti Industries Ltd. came out with an IPO on SME-BSE platform in February 2019 and Migrated to main Board in November 2021.