Listing Event

Tembo Global Industries Limited has listed its equity shares on the Main Board of BSE Limited. The listing ceremony was attended by Mr. Sanjay J. Patel, Managing Director, along with members of the Company's leadership team. The listing is expected to enhance the Company's capital-market visibility and investor engagement.

Defence Manufacturing Strategy

Through its subsidiary Tembo Classic Engineering Private Limited, the Company is strengthening its strategic focus on defence manufacturing with key areas including:

  • Small arms
  • Ammunition
  • Unmanned aerial vehicle (UAV) technologies

Key Initiatives and Partnerships

Ammunition Production Collaboration:

  • Collaboration with Belgium-based Lachaussee SA to establish ammunition production line in India
  • Project value: approximately €50 million
  • Annual production capacity target: around 100 million rounds
  • Subject to agreed terms and project implementation plans

Technology Tie-up:

  • Entered into technology tie-up with strategic European partner
  • Includes 100% production buyback arrangement

Licensing and Facilities:

  • Subsidiary has received government licence for ammunition manufacturing
  • Obtained small-arms manufacturing licence
  • Defence manufacturing facility located in Amravati, Maharashtra
  • Facility currently under development
  • Commercial production targeted for Q1 FY2028

Drone and UAV Technologies Expansion

JR UAV Limited Joint Venture:

  • Joint venture with international partners
  • Pursuing opportunities in specialised UAV component manufacturing
  • Supports Group's efforts to participate in unmanned systems ecosystem

Potential PSU Collaboration:

  • Exploring potential collaboration with defence public-sector undertaking
  • Non-disclosure agreement already signed
  • Discussions focused on possible development of indigenous defence products

Strategic Alignment

These initiatives align with India's Make in India and Aatmanirbhar Bharat objectives by promoting:

  • Domestic manufacturing
  • Technology development
  • Self-reliance in defence production

Management Commentary

Mr. Sanjay J. Patel, Managing Director, stated: "The listing on the Main Board of BSE marks an important milestone in Tembo Global Industries' growth journey. Alongside our established engineering businesses, we are strengthening our focus on defence manufacturing, particularly small arms and ammunition, while expanding our presence in the emerging drone and UAV technology ecosystem."

He further added: "Our partnership with Lachaussee SA and initiatives through JR UAV Limited reflect our commitment to developing domestic manufacturing capabilities, fostering strategic partnerships and exploring indigenous defence solutions. We believe these initiatives align with India's Make in India and Aatmanirbhar Bharat objectives and offer opportunities to build sustainable long-term value for our shareholders."

Company Background

Incorporated in 2010, Tembo Global Industries Limited is listed on both NSE (symbol: TEMBO) and BSE. The Company specializes in:

  • Manufacturing and assembly of metal components for pipe support systems
  • Fasteners, anchors, HVAC systems, anti-vibration systems and related equipment
  • Products serve industrial, commercial, utility and OEM applications

Additional business activities include:

  • Trading in complementary metal products
  • Fabrication and installation of ductile pipes, HDB pipes and fittings, and MS plates
  • Products certified by Underwriters Laboratories Inc. (USA) and FM Approvals (USA)
  • Holds Two-Star Export House status
  • Expanded into EPC contracting in 2023
  • Interests in textile trading
  • Diversified into defence manufacturing and solar power sectors in 2024