Date: 24th August 2026

Products / Services

  • Main Business Activity: Manufacturing of electrical laminations, sub-assemblies for motor cores and generators, die-cast rotors, castings and machining of metal components (96.88% of turnover)
  • Product-wise Turnover Contribution:
  • Electrical laminations and stampings (NIC 25910): 59.53%
  • Machining of metal components (NIC 25920): 21.38%
  • Casting (NIC 24109): 3.18%
  • Others (Metal scrap, traded goods, and tools): 15.91%

Operations

  • Number of Locations: 5 (4 plants and 1 office nationally, 0 internationally)
  • Markets Served: 28 States and 8 Union Territories nationally, 11 countries internationally
  • Export Contribution: 31.89% of total turnover
  • Customer Type: Business to Business (B2B) serving renewable energy, power generation, automotive, data centres, special purpose motors, and mining industries

Employees

  • Total Employees: 1,070 (Permanent: 1,070, Other than Permanent: Nil)
  • Male Employees: 1,045 (97.66%), Female Employees: 25 (2.34%)
  • Total Workers: 2,843 (Permanent: 912, Other than Permanent: 1,931)
  • Male Workers: 2,839 (99.86%), Female Workers: 4 (0.14%)
  • Differently Abled Employees and Workers: None reported
  • Women Representation:
  • Board of Directors: 2 out of 7 (28.57%)
  • Key Management Personnel: 1 out of 2 (50%)
  • Turnover Rate for FY 2025-26:
  • Permanent Employees: Male 27.28%, Female 22.22%, Total 27.18%
  • Permanent Workers: Male 19.10%, Female NA, Total 19.10%

Holding, Subsidiary and Associate Companies

  • Pitti Industries Private Limited (Wholly Owned Subsidiary): 100% shares held, participates in Business Responsibility initiatives
  • Dakshin Foundry Private Limited (Wholly Owned Subsidiary): 100% shares held, participates in Business Responsibility initiatives

CSR Details

  • CSR Applicable: Yes (as per section 135 of Companies Act, 2013)
  • Turnover: ₹1,57,557.42 Lakhs
  • Net Worth: ₹90,041.11 Lakhs

Transparency and Disclosure Compliances

  • Complaints/Grievances received during FY 2025-26:
  • Shareholders: 1 filed, 0 pending resolution
  • Customers: 10 filed, 0 pending resolution
  • Other categories: Nil complaints
  • Grievance Redressal Policy available at: https://www.pitti.in/api/investor-relation/download/Grievance%20Redressal.pdf

Material Responsible Business Conduct Issues

The company identified 6 material issues with risk/opportunity assessment:

1. Health and Safety (Risk): Occupational hazards managed through automation, protective equipment, and safety-oriented operations (Negative financial implications)

2. ESG (Opportunity): Strengthens reputation with regulators, customers and investors (Positive financial implications)

3. Employee Retention and Talent Development (Risk): Requires special skill set employees; addressed through learning programs (Negative financial implications)

4. Cybersecurity (Risk): Increased digitization exposes to data breaches; addressed through strong cybersecurity systems (Negative financial implications)

5. Regulatory Compliance (Risk): Failure to comply may result in penalties; addressed through strong ethical governance (Negative financial implications)

6. Social Responsibility (Opportunity): Ensuring goodwill with local communities (Positive financial implications)

Management and Process Disclosures

  • The company has policies covering all NGRBC principles except Principle 7, approved by Board/MD
  • Certifications: ISO 14001-2015, ISO 9001-2015, ISO 45001, 50001, 27001 and 37001 for Telangana facilities, LEED Platinum certification for Chhatrapati Sambhajinagar facility, EcoVadis bronze medal rating
  • Specific commitments:
  • Afforestation and Greenbelt Development using Miyawaki plantation method
  • Shifting fleet from fuel vehicles to electric vehicles
  • Increasing energy generation from renewable sources
  • Performance against commitments:
  • Completed afforestation covering 8 acres (7 acres at Chhatrapati Sambhajinagar, 1 acre at Hyderabad) with 35,700 trees planted
  • Added 23 electric vehicles over last 4 years including 2 in FY 2025-26, deployed 6 battery-operated pallet trucks and 2 trolley trucks
  • 1 MW solar plant operational at Chhatrapati Sambhajinagar, plans to enhance to 3 MW under evaluation

Governance, Leadership and Oversight

  • MD & CEO Akshay S Pitti (DIN 00078760) responsible for implementation and oversight under Board guidance
  • Risk Management Committee oversees ESG aspects, CSR Committee oversees social factors
  • Policies reviewed by Department Heads/Board Committees at frequency stated in respective policies
  • Compliance status reviewed quarterly by Board
  • No independent external assessment of policies conducted

Principle-wise Performance Disclosure

Principle 1: Ethical, Transparent and Accountable Conduct

  • Training coverage: Board & KMP 100%, Other employees 75.39%
  • No fines/penalties paid in proceedings with regulators
  • Anti-corruption policy available internally
  • No disciplinary actions for bribery/corruption against employees
  • No complaints regarding conflict of interest
  • Accounts payable days: 68 days (2024-25: 70 days)
  • Related Party Transactions:
  • Purchases: 0.94% of total purchases
  • Sales: 3.47% of total sales
  • Loans & advances: 100% to related parties
  • Investments: 99.97% in related parties

Principle 2: Sustainable and Safe Goods/Services

  • 3.26% of capex investments in technologies to improve environmental and social impacts
  • 88.29% of inputs sourced sustainably (raw materials only)
  • Extended Producer Responsibility not applicable to company

Principle 3: Employee Well-being

  • 100% coverage for health insurance and accident insurance for all employees and workers
  • 100% maternity benefits coverage for female employees and workers
  • Well-being spending: 0.26% of total revenue
  • Retirement benefits coverage:
  • PF: Employees 98.80%, Workers 100%
  • Gratuity: Employees 100%, Workers 100%
  • ESI: Employees 13.08%, Workers 76.68%
  • NPS: Employees 1.59%, Workers Nil
  • Workplace accessible to differently abled, equal opportunity policy available internally
  • 100% return to work rate for female employees after parental leave
  • Three-stage Grievance Redressal mechanism available
  • 47.81% of permanent workers part of associations/unions (two registered trade unions formed)
  • Training provided:
  • Health and safety: 67.66% employees, 71.58% workers
  • Skill upgradation: 52.99% employees, 46.01% workers
  • Performance reviews: 76.45% employees, 88.38% workers
  • Comprehensive Health and Safety Management System implemented with 100% coverage
  • Zero safety incidents: No lost time injuries, recordable injuries, fatalities or high consequence injuries
  • 100% of plants and offices assessed for health and safety practices and working conditions

Principle 4: Stakeholder Responsiveness

  • Stakeholders identified based on significance of impact on business and value creation
  • Key stakeholder groups: Employees/Workers, Investors/Shareholders, Communities, Customers/Value Chain Partners, Government/Regulatory Bodies
  • Regular engagement through multiple channels including emails, meetings, surveys, filings

Principle 5: Human Rights

  • 48.50% employees and 40.59% workers provided training on human rights issues
  • All employees and workers paid above minimum wages
  • Median remuneration:
  • Board of Directors (Executive): ₹313.55 Lakhs
  • KMP: Male ₹108.00 Lakhs, Female ₹82.00 Lakhs
  • Other employees: Male ₹5.02 Lakhs, Female ₹7.24 Lakhs
  • Workers: ₹3.39 Lakhs
  • Gross wages to females: 2.45% of total wages
  • Focal point available for addressing human rights impacts
  • Grievance mechanism through Whistle Blower Policy
  • No complaints on human rights issues, sexual harassment, child labor, forced labor
  • 100% assessment coverage for human rights requirements

Principle 6: Environmental Protection

  • Total energy consumption: 1,79,828.91 GJ (Renewable: 5,388.80 GJ, Non-renewable: 1,74,440.11 GJ)
  • Energy intensity: 114.14 GJ/₹ crore turnover
  • Water withdrawal: 43,512.59 KL (Groundwater: 34,303.03 KL, Third party: 9,209.56 KL)
  • Water intensity: 27.62 KL/₹ crore turnover
  • Zero Liquid Discharge mechanism implemented with STPs at facilities
  • Air emissions: NOx 1,999.78 mg/Nm3, SOx 1,458.00 mg/Nm3, PM 1,245.38 mg/Nm3
  • GHG emissions: Scope 1 2,330.83 tCO2e, Scope 2 26,125.93 tCO2e
  • Emission intensity: 18.06 tCO2e/₹ crore turnover
  • GHG reduction projects: 1 MW solar plant avoided 1,072 tCO2e, afforestation of 35,700 trees, EV fleet transition
  • Total waste generated: 49,338.37 MT (Hazardous: 69.51 MT, Non-hazardous: 49,192.44 MT)
  • Waste intensity: 31.31 MT/₹ crore turnover
  • Waste recovered: 49,268.86 MT (Recycled: 58.39 MT, Re-used: 49,210.47 MT)
  • Waste disposed: 69.51 MT (Incineration: 8.57 MT, Landfilling: 57.60 MT, Other: 3.34 MT)
  • No operations in ecologically sensitive areas
  • No environmental impact assessments required
  • Compliant with all environmental laws and regulations

Principle 7: Responsible Policy Influence

  • Affiliated with 6 trade and industry chambers/associations
  • Top affiliations: CMIA, FTCCI, EEPC India, The Institute of Indian Foundrymen, IGCC
  • No cases of anti-competitive conduct

Principle 8: Inclusive Growth

  • No Social Impact Assessments required
  • No Rehabilitation and Resettlement projects
  • Community grievance mechanism through mail/written communication
  • 4.70% input material sourced from MSMEs/small producers
  • 86.33% input material sourced from within India
  • Job creation: Semi-urban 10.16%, Urban 70.88%, Metropolitan 18.95% of total wage cost

Principle 9: Responsible Consumer Engagement

  • Customer complaint mechanism with 48-hour response timeline
  • No product information requirements as company supplies components
  • No consumer complaints on data privacy, advertising, cybersecurity, essential services, trade practices
  • No product recalls
  • Cyber security policy available internally
  • No data breaches reported

Statement by Director

MD & CEO Akshay S Pitti highlighted ESG integration into business strategy, progress on environmental goals including 1,496.89 MWh solar generation avoiding 1,072 MTCO2e emissions, afforestation completion, EV fleet induction, LEED Platinum certification, EcoVadis bronze medal, zero workplace injuries, strong corporate governance, and community engagement through CSR initiatives.