Company Overview

Craftsman Automation Limited is a diversified engineering company with three primary business verticals: Powertrain, Aluminum Products, and Industrial & Engineering. The company provides end-to-end solutions with in-house capabilities spanning design, process engineering, and manufacturing including foundry, surface treatment, fabrication, machining, and assembly. It commenced operations in 1986 in Coimbatore, Tamil Nadu, and is led by Mr. Srinivasan Ravi, a first-generation entrepreneur with 40 years of industry experience.

Corporate Structure & Journey

The company was established as Craftsman Automation Private Limited. Key milestones include:

  • 2001-2006: Aluminium Foundry Unit at Kurichi, Satellite Unit at Pithampur, and ISO 9001:2000 & ISO/TS 16949:2002 certifications.
  • 2007-2011: Joint Venture with Carl Stahl, 'Star Export House' registration, subsidiary Craftsman Europe B.V. in Netherlands, and satellite units at Sriperumbudur, Jamshedpur, Pune, and Faridabad.
  • 2012-2016: Storage Solutions in Arasur, Coimbatore; second satellite unit at Pune; Technology Division & HPDC Foundry at Bengaluru; Aluminium Sand Foundry, HPDC & LPDC in Arasur, Coimbatore.
  • 2017-2020: Machining Services at Bengaluru; conversion to public limited company; storage product manufacturing plant at Pune.
  • 2021-2024: IPO launched in March 2021; equity shares listed on BSE & NSE; acquired 76% of DR Axion India Limited; new greenfield facilities at Kothavadi and Bhiwadi; balance 24% acquisition of DR Axion India Limited and 100% of Sunbeam Lightweighting Solutions Limited; acquired Craftsman Fronberg Guss GmbH & Craftsman Germany GmbH.
  • 2025-2026: Additional greenfield facilities at Bhiwadi, Kothavadi, and Hosur; DR Axion India Limited acquired Suprash Developers and its wholly owned subsidiary Srikara Technologies for greenfield expansion at Sriperumbudur; new satellite unit at Ludhiana; Scheme of Arrangement filed for merger of DR Axion, Suprash, and Srikara into Sunbeam Lightweighting Solutions Limited; proposed greenfield facility - Hosur unit 3.

Financial Performance (Consolidated)

For FY26, the company reported its highest ever revenue from operations at ₹8,069 crores with EBITDA of ₹1,299 crores. The market capitalization increased from ₹2,852 crores at listing (25 March 2021) to ₹24,734 crores.

Business Segments

1. Powertrain: Serves commercial vehicles, two-wheelers, farm equipment, off-highway vehicles, power transmission, genset/gas engines.

2. Aluminum Products: Focus on lightweighting solutions.

3. Industrial and Engineering: Includes material handling and warehousing solutions.

Manufacturing Capabilities & Footprints

The company has 31 manufacturing facilities: 28 vertically integrated facilities across 9 states in India, 2 plants under construction (Hosur & Chennai) in India, and 1 plant in Germany. Total built-up area is over 3.8 million sq. ft., strategically located for just-in-time delivery. The facilities are certified by TÜV NORD for ISO 9001:2015, IATF 16949:2016, ISO 45001:2018, and compliant with ISO 14001:2015 Environmental Management System.

Management Team

  • Srinivasan Ravi: Chairman and Managing Director, Promoter. Mechanical Engineering graduate from PSG College of Technology.
  • Ravi Gauthamram: Board member since February 2014. Holds Bachelor's in Mechanical Engineering from PSG College of Technology and Master's in Production Systems Engineering from RWTH Aachen University, Germany. Key role in manufacturing, Powertrain, and industrial engineering operations.
  • Vijaya Sampath: Board member since April 30, 2018. Holds bachelor's degree in arts from University of Madras and bachelor's degree in law from University of Mysore. Chairs FICCI committee on corporate laws.
  • TSV. Rajagopal: Practicing Chartered Accountant with over 30 years of experience.
  • Rajeswari Karthigeyan: 30 years of experience at CRISIL Limited, expertise in credit appraisal of large manufacturing entities.
  • Sundararaman Kalyanaraman: Board member since June 30, 2017. Holds bachelor's degree in mechanical engineering from University of Madras. Rich experience in automotive industry.
  • C.B. Chandrasekar: Chief Financial Officer.
  • Shainshad Aduvanni: Company Secretary and Compliance Officer.
  • Thiyagaraj Damodharaswamy: Chief Operating Officer.