Craftsman Automation

What Craftsman Automation does

Craftsman Automation Limited is an India-based precision engineering manufacturer founded in 1986 and headquartered in Coimbatore, Tamil Nadu. Listed on the NSE (CRAFTSMAN) and BSE (543276) since March 2021, the company operates 12 manufacturing facilities across India covering 1.6+ million square feet and ~140,000 tonnes per annum of installed aluminium casting capacity. Its business is organized into three segments: Automotive Powertrain (precision machining of cylinder blocks, cylinder heads, transmission parts, and structural components for commercial vehicles, tractors, passenger vehicles, two-wheelers, and construction equipment), Automotive Aluminium Products (HPDC, LPDC, gravity, and sand casting combined with in-house tooling and machining for lightweighting applications), and Industrial & Engineering (storage solutions under the Craftsman Storage/V-Store brands, gears and gearboxes, and contract manufacturing/sub-assembly through the Carl Stahl Craftsman joint venture with Germany-based Carl Stahl GmbH).

The company employs vertically integrated manufacturing spanning product design, in-house tool and die making, casting, precision machining, heat treatment (including induction hardening and case carburising), and assembly. This full-spectrum capability — parts from a few grams to 350 kg across four casting processes — is supplied directly to OEM customers under long-term B2B contracts, with pricing determined through individual commercial negotiations rather than public rate cards. Customers include Hero MotoCorp, leading Indian commercial vehicle and tractor OEMs, JCB India, and GE Vernova T&D India; the company reports 10+ year relationships with key accounts and is self-described as the largest machine shop in India for automotive powertrain components and a top 3-4 player in tractor cylinder block machining.

Revenue grew 42% YoY in FY2025-26 to ₹8,069.27 Crores consolidated with PAT up 97% to ₹383.99 Crores, reflecting contributions from the Sunbeam Lightweighting Solutions acquisition (October 2024, ₹376 crore), the new Hosur aluminium plant (October 2025, ₹150 crore capex), German operations (Craftsman Germany GmbH and Craftsman Fronberg Guss GmbH), and the DR Axion India subsidiary. A ₹2,000 crore QIP completed in June 2026 — led by HDFC Flexi Cap Fund with a 16.5% allotment — provides additional balance sheet capacity for further expansion, with proceeds earmarked for repayment of borrowings and growth investments.

Name

Craftsman Automation

Legal name

Craftsman Automation Limited

Website

https://craftsmanautomation.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Automotive Components Manufacturing

NAICS

Motor Vehicle Parts Manufacturing (3363), Industrial Machinery Manufacturing (3332), Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing (333612)

SIC

General Industrial Machinery & Equipment (3560), Special Industry Machinery, Nec (3559), Screw Machine Products (3451)

akta.pro primary industry

Custom Injection Molding & Contract Manufacturing (Job Shops/CMs) (IMANAFAJ)

akta.pro secondary industries

Filling & Dosing Machines (Liquid/Powder/Solid) (IMAHAOAF), Metal Forming & Fabrication Machines (Presses, Bending, Shearing, Stamping) (IMAHADAC)

Keywords

• Aluminium die casting
• Automotive powertrain components
• Precision machined components
• Industrial gears gearboxes
• Contract manufacturing services

Headquarters

HQ city

Coimbatore

HQ country

India

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Automotive Components Manufacturing: Manufacture and sale of precision-machined automotive components including powertrain parts, aluminium castings, gears, and structural components to automotive OEMs. Revenue is generated through long-term supply contracts with vehicle manufacturers across commercial vehicles, passenger vehicles, tractors, and two-wheelers.
2. Industrial & Engineering Products: Production and sale of industrial products including storage solutions, material handling equipment, special purpose machines, and precision components for non-automotive sectors such as warehousing, logistics, power transmission, and industrial manufacturing.
3. Contract Manufacturing & Sub-Assembly: High-end precision sub-assembly and contract manufacturing services for customers requiring tailor-made machines and precision components for specific applications including packaging, printing, textile machinery, and industrial equipment.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Craftsman Automation manufactures precision-engineered machined components and aluminium castings for automotive OEMs, including powertrain parts (cylinder blocks, cylinder heads, transmission parts) and structural components, alongside industrial gears, gearboxes, storage solutions, special purpose machines, and contract manufacturing/sub-assembly services. The company operates through three verticals — Automotive Powertrain, Automotive Aluminium Products, and Industrial & Engineering — supplying commercial vehicles, passenger vehicles, tractors, two-wheelers, engineering vehicles, power transmission, and warehouse/logistics customers.

Differentiator

Problem solved

Functional benefit

Brands

• V-Store: Vertical storage system with tray extractor arrangements operated by a console for improved storage ratio across various industries
• Craftsman Storage Systems

Products and services

• Automotive Powertrain Components

Quantifiable outcome

• 42% revenue growth YoY in FY26, with consolidated revenue reaching ₹8,069.27 Crores
• +5 more outcomes

Named customers5 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Shardul Amarchand Mangaldas & Co (SAM)minorImplementation/ SI/ Consulting Partner · 16 June 2026Shardul Amarchand Mangaldas & Co acted as legal counsel to Craftsman Automation for the QIP transaction.
• JSA (Legal Counsel to Placement Agent)minorImplementation/ SI/ Consulting Partner · 16 June 2026JSA acted as domestic legal counsel to the placement agent (Axis Capital) for the QIP transaction.
• Hogan Lovells (Legal Counsel to Placement Agent)minorImplementation/ SI/ Consulting Partner · 16 June 2026Hogan Lovells acted as international legal counsel to the placement agent (Axis Capital) for the QIP transaction.
• SIPCOT (Tamil Nadu Industrial Development Corporation)coreStrategic or Co-development Partner · 16 October 2025New manufacturing facility established at SIPCOT Industrial Park, Shoolagiri, Hosur with ₹150 crore investment to expand aluminium product capacity and improve production efficiency to serve major OEMs.
• Carl Stahl Craftsman Enterprises Pvt Ltd (Joint Venture with Carl Stahl GmbH, Germany)coreStrategic or Co-development PartnerJoint venture company with Carl Stahl GmbH, Germany, based in Coimbatore, Tamil Nadu. Craftsman Automation's joint venture with Carl Stahl Hebetechnik GmbH offers crane components including electric chain hoists, wire rope hoists, travel drives, light profile crane systems, and complete range of lifting accessories marketed through www.carlstahlcraftsman.com
• RC Green Powers Private LimitedminorStrategic or Co-development PartnerCraftsman Automation invested ₹39,500 (3,950 shares) in RC Green Powers Private Limited for wind power generation under the Group Captive Scheme, representing a 2.63% stake. Post-transaction, total shareholding stands at 3.51%. Investment aimed at meeting renewable energy requirements under Electricity Act, 2003.

Scale indicators17 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Endurance Technologies: Indian automotive component manufacturer specializing in aluminium die casting and suspensions, serving two-wheelers, passenger vehicles, and commercial vehicles. Direct peer to Craftsman in aluminium casting for automotive powertrain and chassis applications.
• Bharat Forge: India's largest auto component manufacturer focused on forged and machined components for automotive and industrial applications. Comparable to Craftsman in precision-machined powertrain components and vertical integration for OEM supply.
• Sandhar Technologies: Indian auto component maker specializing in aluminium die casting, zinc die casting, and plastic injection moulding for two-wheelers, passenger vehicles, and commercial vehicles. Direct peer in aluminium casting serving Indian automotive OEMs.
• Varroc Engineering: Indian auto component supplier offering polymer processing, aluminium die casting, lighting, and electronics. Direct comparable in automotive aluminium castings and component manufacturing with similar OEM customer base.
• Sundaram Fasteners: Indian automotive fastener and precision component manufacturer serving leading OEMs. Comparable to Craftsman in precision machining, automotive OEM supply, and pan-India manufacturing footprint.
• Ramkrishna Forgings: Indian manufacturer of rolled, forged, and machined automotive components, particularly for commercial vehicles and railways. Comparable to Craftsman in machined powertrain components and tier-1 OEM relationships.
• Minda Industries (Uno Minda): Leading Indian auto component manufacturer specializing in switches, lighting, acoustics, and aluminium die casting. Comparable to Craftsman in supplying multiple automotive segments and growing aluminium die casting capabilities.

Broad incumbents

• Mahindra Forgings (now part of CIE Automotive): Indian forging and component manufacturer serving automotive OEMs under CIE Automotive ownership. Broader incumbent player with overlapping customer base in commercial vehicles and tractors.
• Motherson Sumi Systems (Samvardhana Motherson): One of India's largest automotive component manufacturers with global operations, offering wiring harnesses, modules, and polymer products. Larger incumbent with diversified automotive exposure similar to Craftsman's OEM customer base.

Emerging players

• AIA Engineering: Indian manufacturer of high-chrome grinding media and industrial castings. Comparable to Craftsman in industrial casting capabilities and precision metal manufacturing for global industrial customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cmautomation

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 records

Funding overview

Funding rounds4 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Craftsman Automation