Texmaco Rail & Engineering

Name

Texmaco Rail & Engineering

Legal name

Texmaco Rail & Engineering Ltd.

Website

https://texmaco.in

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Railway Equipment Manufacturing

NAICS

Railroad Rolling Stock Manufacturing (3365), Railroad Rolling Stock Manufacturing (336510), Transportation Equipment Manufacturing (336)

SIC

Railroad Equipment (3743), Miscellaneous Transportation Equipment (3790)

akta.pro primary industry

Railway Track & Civil Works Construction (Ballast, Slab Track, Alignment) (IMAFAFAA)

akta.pro secondary industries

Bogie/Truck, Wheelset & Bearing Shop Services (Reprofiling, Overhaul) (TLAKAIAD), Traction Motor, Generator & Electrical Rotating Equipment Repair (TLAKAIAE)

Keywords

• Railway equipment manufacturing
• Rolling stock wagons
• Rail infrastructure EPC
• Steel foundry castings
• Railway signalling systems

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Railway Rolling Stock Manufacturing: Manufacturing and supply of freight wagons, passenger coaches, and locomotives to Indian Railways and private sector customers. Revenue is project-based with contracts typically executed over 11-39 months.
2. Railway Infrastructure Services: Signalling systems, electrification, track works, and maintenance services for Indian Railways and metro projects. Includes both one-time project contracts and multi-year maintenance agreements.
3. Railcar Leasing: Joint venture with Touax Group and TrinityRail for railcar leasing platform, creating recurring revenue through asset-light operating lease models.
4. International Projects and Maintenance: Supply of rail equipment to international markets including South Africa, with proposed 15-year maintenance partnerships creating long-duration service revenue streams.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Texmaco Rail & Engineering Ltd. is a multi-discipline engineering and infrastructure company that manufactures railway rolling stock (freight wagons, passenger coaches, locomotives, and specialized rail vehicles such as BFNSM1 rakes, BVCM wagons, BTAP rakes, and brake vans), operates one of the largest state-of-the-art steel foundries, and executes Rail EPC projects covering electrification, signalling, and track works including ballastless track systems. The company also produces bridges and structural steelwork, hydro-mechanical equipment, and traction and coaching components, with growing diversification into defence manufacturing and AI-led digital services.

Product overview

Texmaco Rail & Engineering Ltd is a multi-discipline engineering company offering integrated rail solutions across rolling stock manufacturing (freight wagons, passenger coaches, specialized wagons like BFNSM1 rakes and BVCM wagons), steel foundry operations, bridges and structural engineering, hydro mechanical equipment, traction and coaching systems, and Rail EPC services including electrification, signalling, and metro infrastructure. The company operates 6 manufacturing units across 6.78 million sqft and is ISO 9001:2015 certified. Recent diversification includes defence manufacturing through Texmaco Defence Technologies, digital services via the invariz GCC platform powered by ServiceNow, and strategic partnerships in railcar leasing and signalling systems.

Differentiator

Problem solved

Functional benefit

Brands

• Invariz (GCC brand powered by ServiceNow): Network of Global Capability Centres launched under the 'invariz powered by ServiceNow platform' brand, marking Texmaco's entry into AI-led digital services. Expected to generate 1,200+ direct jobs and over Rs 100 million in incremental revenue by 2030, contributing 10-15% to overall growth strategy.

Products and services

• Rolling Stock Manufacture of freight wagons, passenger coaches, and railway rolling stock including specialized wagons such as BFNSM1 rakes, BVCM wagons, BTAP rakes, and brake vans for Indian and international railways.
• Steel Foundry One of the largest state-of-the-art steel foundry operations supporting railway components and industrial casting requirements.
• Bridges & Structural Design and construction of railway bridges and structural engineering solutions for infrastructure projects.
• Rail EPC Engineering, procurement, and construction services for railway electrification, signalling, and infrastructure projects including track doubling and metro rail systems.
• Traction & Coaching Traction equipment and coaching solutions for railway operations.
• Hydro Mechanical Equipment & Steel Structures Hydro mechanical equipment and steel structures for hydropower and irrigation systems.
• Process Equipment Process equipment solutions for industrial applications (as listed on the Texmaco website under 'What We Do').

Quantifiable outcome

• Q4 FY26 consolidated net profit increased 45.03% YoY to Rs 57.68 crore with EBITDA margin expanding to 9.1%
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Touax GroupcoreStrategic or Co-development Partner · 4 June 2026Tripartite joint venture Touax Texmaco Railcar Leasing Pvt Ltd (TTRL) combining European leasing expertise with Indian manufacturing to serve India's freight rail market estimated at Rs 3 lakh crore. TrinityRail holds 32% stake in the JV.
• TrinityRail Global InccoreStrategic or Co-development Partner · 4 June 2026North American rail expert joining Touax Texmaco JV with 32% equity stake, bringing advanced wagon designs and lifecycle technologies for India's freight rail expansion.
• Tsiko Africa Logistics and Barberry HoldingscoreStrategic or Co-development Partner · 13 May 2026South African partners for Rs 4,045 crore order supplying 2,235 freight wagons, 30 diesel locomotives, and 15-year maintenance partnership.
• Rail Vikas Nigam Limited (RVNL)coreStrategic or Co-development Partner · 19 February 2026Joint venture 'Rail Gati' with Texmaco holding 49% and RVNL 51% for advanced rolling stock manufacturing, lifecycle maintenance, and EPC projects targeting domestic and international markets including Asia, Africa, and Middle East.
• Canyon Resources / CamalcominorStrategic or Co-development PartnerTexmaco Rail & Engineering supplying 560 open-top railcars for bauxite transport to Cameroon port for Canyon Resources' Minim Martap project, with first shipment expected Q3 2026.

Scale indicators6 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• Stadler Rail AG: Swiss rolling stock manufacturer active in locomotives, coaches, and rail signalling. Comparable as a global OEM competing in the same international freight and passenger rail tenders as Texmaco.
• Wabtec Corporation: US-listed global provider of rail equipment, freight locomotives, and signalling systems. Comparable as a diversified rail OEM and signalling/electronics supplier competing for international freight and transit contracts.
• Alstom SA: Global rail OEM and signalling leader with a strong India presence through Alstom India. Overlaps with Texmaco across rolling stock, signalling (including MSDAC/electronic interlocking), and metro rail infrastructure projects.
• CRRC Corporation Limited: World's largest rolling stock manufacturer and a state-owned Chinese rail OEM. Sets the competitive baseline for scale, pricing, and international project competition that Texmaco faces in African and Asian markets.
• Siemens Mobility: Division of Siemens AG providing rail rolling stock, electrification, and signalling solutions worldwide. Comparable to Texmaco's Rail EPC and signalling offerings, particularly on metro and electrification projects.

Direct peers

• Kalindee Rail Nirman (Engineers) Limited: Indian rail infrastructure and signalling EPC company with overlapping customer base in Indian Railways, metro projects, and rail signalling. Comparable on the EPC/services side of Texmaco's Rail EPC business.
• Titagarh Rail Systems Limited: Indian-listed rolling stock and railway equipment manufacturer producing freight wagons, passenger coaches, and metro coaches. Directly comparable in product portfolio, customer base (Indian Railways and private freight operators), and international expansion strategy.
• BEML Limited: Indian public-sector manufacturer of rail coaches, locomotives, wagons, and defence equipment. Directly comparable as a domestic rolling stock producer competing for Indian Railways and government rail contracts alongside Texmaco.
• Bharat Wagon & Engineering Company: Indian manufacturer of railway wagons and rolling stock components. Closely comparable as a domestic competitor in freight wagon manufacturing serving Indian Railways and private freight customers.

Regional players

• Hyundai Rotem Company: Korean rail OEM supplying locomotives, coaches, and defence vehicles across Asia, Middle East, and Africa. Comparable as an Asia-based exporter competing for international rolling stock tenders where Texmaco is now bidding.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/texmaco-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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 Texmaco Rail & Engineering