Technocraft International

What Technocraft International does

Technocraft Industries (India) Limited, publicly listed on the NSE and BSE under ticker 532804 since 2007, is a Mumbai-headquartered diversified industrial manufacturer founded in 1972 by IIT Bombay alumni Sharad Kumar Saraf and Sudarshan Kumar Saraf. The company operates across five principal verticals: (1) drum closures, where it is the world's second-largest manufacturer of steel drum closures and holds three global patents (GRT Flanges, Octagonal Clinched Drum Top, Hybrid Plug) across 7 manufacturing facilities; (2) scaffolding, formwork, and tower systems under the Techring, T Stage, Techlok, and MACH ONE brands; (3) cotton yarn (61,000 spindles, 30,000 kg/day), fabrics, and fully integrated garments; (4) engineering services through Technosoft Engineering with 900+ engineers; and (5) a defense products subsidiary. Revenue is generated primarily through B2B hardware sales via direct export to 80+ countries and a wholly-owned subsidiary network across 10+ countries (UK, USA, Poland, Hungary, Germany, Australia, China, NZ, UAE, Canada, Denmark, Brazil). The company holds extensive certifications (ISO 9001:2015, ISO 14001, Oeko-Tex, GOTS, EN 1090, JIS) and serves enterprise customers including Schütz, Mauser Packaging, Asian Paints, Godrej, Reliance Industries, L&T, and ONGC.

The business model is a vertically integrated, asset-heavy B2B industrial export model with quote-based pricing. The drum closures segment is the heritage business and operates at efficient scale with proprietary patented technology and a 40+ year track record serving global packaging majors. The textile vertical is fully integrated from spinning to finished garments at the Murbad facility, using Rieter, Trutzschler, Toyoda, Electrojet, and Murata machinery with Uster Quantum Clearers, achieving yarn quality described as top 5% of world mills. The scaffolding/formwork segment has expanded into 7 distribution centers globally, with recent entry into New Zealand via the TANA Group partnership projected at $10M-$15M in sales. Engineering services (Technosoft) operates as an outsourced design services business for automotive, mining, general machinery, and structural engineering clients. The Saraf family retains controlling leadership through Chairman/Managing Director Dr. Sharad Kumar Saraf, Co-Chairman Mr. Sudarshan Kumar Saraf, CEO Mr. Navneet Kumar Saraf, and CFO Mr. Ashish Kumar Saraf, with independent directors providing oversight. Capital allocation has featured share buybacks in 2018 and 2022-2023.

Name

Technocraft International

Legal name

Technocraft Industries (India) Limited

Website

https://technocraftgroup.com

Company type

Public

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Short description

Technocraft Industries India Ltd. is a publicly listed Mumbai-based diversified industrial manufacturer (founded 1972) operating across drum closures (world's second-largest), scaffolding/formwork/towers, integrated textiles (yarn to garments), engineering services, and defense, exporting to 80+ countries through 10+ subsidiaries.

Ownership category

akta.pro rank

Product category

Industrial Manufacturing (Drum Closures and Engineering Products)

NAICS

Fabric Mills (3132), Machinery Manufacturing (333), Packaging Machinery Manufacturing (333993)

SIC

Knitting Mills (2250), Knit Outerwear Mills (2253), Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro primary industry

Knitted Fabric Mills (IMAOABAB)

akta.pro secondary industries

Technical Fabric Mills (Performance/Protective/Medical Substrates) (IMAOABAH), Industrial Ropes, Cords, Twines & Netting (Mooring/Lifting/Fishing/Load Restraint) (IMAOADAK)

Keywords

• Steel drum closures
• Scaffolding systems
• Cotton yarn manufacturing
• Engineering design services
• Transmission towers

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Drum Closures Manufacturing: Manufacturing and export of steel drum closures including Tite Seal Flanges & Plugs, Tite Seal Gaskets, Tite Seal Leak Locks Plugs, Octagon base Drum Flanges & Auto Closure Systems. Also produces plastic closures for small metal and plastic containers used in O&G industry. Second largest global manufacturer.
2. Scaffolding, Formwork & Tower Systems: Manufacturing and supply of steel tubes, scaffolding systems (Techring, T Stage, Techlok), formwork systems, and transmission/telecom towers. Includes MACH ONE revolutionary formwork system.
3. Cotton Yarn Production: Production and export of 100% cotton ring spun raw-white yarn in counts Ne 20/1 to Ne 40/1, including compact yarn, slub yarn, organic yarn, and BCI yarn. Exports to Far East, South East Asia, China, Africa, Europe and Latin America.
4. Fabrics Manufacturing: Production of knit fabrics including Single Jerseys, Ribs, Interlocks, Piques, Fleece in 100% cotton and various blends. Offers body size seamless fabrics for underwear and active wear.
5. Garments Production: Fully integrated manufacturing of premium quality active wear products including men's, women's and children's apparel. Custom knit, dyed, finished, cut, sewn, decorated, packaged and distributed.
6. Engineering Services: Technosoft Engineering provides multi-disciplinary engineering design services including Engineering, Consulting, Innovation, Resources and Content, serving Automotive, mining equipment, general machinery, structural engineering sectors.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Technocraft International is a diversified industrial manufacturer producing steel drum closures (the world's second-largest global manufacturer), scaffolding and formwork systems, transmission and telecom towers, cotton yarn, knit fabrics, garments, and multi-disciplinary engineering design services through its Technosoft subsidiary. Operations span 6 manufacturing facilities in India and 1 in China, with wholly-owned subsidiaries across the UK, USA, Poland, Germany, Australia, New Zealand, UAE, Canada, Hungary, Denmark, and Brazil serving industrial customers in 80+ countries.

Product overview

Technocraft International is a diversified industrial conglomerate with a multi-product portfolio spanning precision engineering and textiles. The core products include Drum Closures (the company's heritage business and second-largest global manufacturer), Nylon/Plastic Plugs, Capseal Closures, Canseal Closures, Dies & Tools, and Clamps. The company has expanded into construction solutions including Scaffolding Systems (Techring, T Stage, Techlok), Formwork Systems (including the MACH ONE system), and Tower Division for transmission/telecom towers. The textile vertical includes Cotton Yarn production (NE 20-40 counts), Fabrics (knit fabrics for active wear), and Garments. Additionally, the company offers Engineering Services through Technosoft, providing multi-disciplinary design and consulting services. The company operates 6 manufacturing facilities in India and 1 in China, with global distribution through subsidiaries in UK, Poland, Hungary, Germany, Australia, USA, New Zealand, UAE, and Canada. Scaff Shelter provides modular housing solutions as an extension of the scaffolding business.

Differentiator

Problem solved

Functional benefit

Brands

• Techring Scaffolding Systems: Scaffolding system brand
• T Stage Scaffolding Systems
• Techlok Scaffolding Systems
• MACH ONE Formwork System
• Technosoft Engineering
• NTTF Training Centre

Products and services

• Drum Closures Steel drum closures including Tite Seal Flanges and Plugs, Tite Seal Gaskets, Tite Seal Leak Locks Plugs, Octagon base Drum Flanges, Auto Closure Systems, Conventional Flange, RTT Flange, GRT Flange, Steel Vent-In/Out Plugs, Stainless Steel Drum Closures, and Lacquer Drum Closures. Technocraft is the second largest global manufacturer of steel drum closures, serving steel drum and container manufacturers in 80+ countries.
• Nylon and Plastic Plugs Plastic closures for small metal and plastic containers, majorly used in the Oil and Gas industry. Includes Nylon Plugs (standard, Vent-In, Vent-Out) and Poly Propylene Plugs for industrial container sealing applications.
• Capseal Closures Metal and plastic capseal closures for drum sealing applications. Product range includes Metal Capseal, Plastic Capseal, and EZ Seal (Snap-On) Capseal for industrial packaging customers.
• Canseal Closures Canseal closures for can and pail packaging, available in 63mm and 42mm sizes, supplied to can and pail manufacturers.
• Clamps Steel drum clamps and metal clamps for securing drum closures and pipe applications, supplied to industrial packaging customers.
• Scaffolding Systems (Techring, T Stage, Techlok) High-quality steel tubes and scaffolding systems designed for ease of erection, health and safety compliance, and without any loose fittings or hardware. Includes Techring Scaffolding Systems, T Stage Scaffolding Systems, and Techlok Scaffolding Systems with all accessories, sold to construction companies and infrastructure developers globally.
• Formwork Systems Building formworks and infrastructure formworks for construction. Includes the MACH ONE Formwork System for monolithic reinforced concrete construction and TechEuro-II/III props certified to EN 1065:1998, supplied to construction companies and infrastructure developers.
• Tower Division Products Transmission towers up to 400 KV, telecommunication towers, solar structures, and infrastructure products. Includes design, manufacturing, and complete project execution including foundation, erection and commissioning. ISO 9001:2008 certified, serving power transmission companies, telecom operators, and infrastructure developers.
• Cotton Yarn 100% Cotton Ring Spun Raw-White Yarn in counts Ne 20/1 to Ne 40/1, Super Carded and Super Combed for knitting and weaving. Includes Compact Yarn (Suessen), Slub Yarn (AMSLER), Organic Yarn, and BCI Yarn. State-of-the-art mill with 61,000 spindles producing 30,000 kilos/day. Yarn quality is ranked among the top 5% of world mills.
• Fabrics Knit fabrics including Single Jersey, Rib, Interlock, Pique, Fleece in 100% cotton and blends. Products range from GSM 140-340 in various widths, with body-size seamless fabrics for underwear and active wear. Special finishes include Enzyme Washing, Anti-Microbial, and Moisture Management. Supplied to international apparel brands and garment manufacturers.
• Garments Premium quality active wear products for men, women, and kids with wholly integrated manufacturing from knitting to finished garments at Murbad facilities. Includes custom knit, dyed, finished, cut, sewn, decorated, packaged and distributed products supplied to international apparel brands and retailers.
• Engineering Services (Technosoft) Multi-disciplinary engineering design services through Technosoft Engineering, including Engineering Design, Consulting, Innovation, Resources and Content. Serves Automotive, mining equipment, general machinery, and structural engineering sectors with a workforce of 900+ engineers across multiple geographies.

Quantifiable outcome

• Second largest global manufacturer of steel drum closures with 3 global patents
• +3 more outcomes

Named customers9 records

Segments6 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

Eight partnerships are on record, tiered gold partner, exclusive distributor, long-term partner, educational partner, academic partner, member and leadership position.

• SARNZ (Scaffolding, Access & Rigging NZ)gold partnerGTM or Marketing Partner · 13 June 2023Technocraft NZ LTD partnered with SARNZ as Gold Partner. SARNZ is the leading industry association for scaffolding, access, and rigging sector in New Zealand. Partnership provides SARNZ members access to Technocraft's advanced technology solutions for scaffolding and access equipment. Collaboration includes joint participation in industry events and skill development programs.
• TANA Group (New Zealand)exclusive distributorChannel Partner/ Reseller/ Distributor · 15 February 2019TANA Group, based in Auckland, appointed as exclusive distributor of Technocraft's full range of Tech Ring scaffolding system in New Zealand. TANA is a well-established scaffolding sales and service company. Expected to generate $10M-$15M sales in over next 2 years.
• Eurotec GmbH (Germany)long-term partnerStrategic or Co-development PartnerLongtime partnership with Eurotec GmbH, Germany. Managing Director Hassn Vaez visited Technocraft plant at Murbad in August 2018. Partnership involves collaboration in drum closures and industrial packaging solutions.
• Stanta Mauser (Malaysia)long-term partnerStrategic or Co-development PartnerLongtime partnership with Stanta Mauser (M) Sdn Bhd, Malaysia. Chairman S.K. Saraf visited the facility in May 2018. Partnership involves supply of drum closures and related products.
• NTTF (Nettur Technical Training Foundation)educational partnerStrategic or Co-development PartnerTechnocraft promoters run NTTF Training Centre trust tied up with NTTF to bring technical education to Maharashtra. Partnership brings Indo-Swiss cooperation for technical training. Students from NTTF participated in Vishvakarma Awards and won for innovative Flapping UAV project.
• IIT Bombayacademic partnerStrategic or Co-development PartnerCollaboration with IIT Bombay Nutrition group for malnutrition eradication program through Shanti Seva Nidhi Trust. Professor Rupal Dalal and CTARA nutrition group working on breastfeeding training program in Thane district.
• Confederation of Indian Industry (CII)memberOthersTechnocraft membership application approved by CII Western Regional Council in August 2023. Company participates in CII activities and events for industry networking.
• Federation of Indian Export Organisations (FIEO)leadership positionOthersChairman Dr. Sharad Kumar Saraf served as FIEO President. Previously served as Vice President of FIEO (Western Region) twice and Regional Chairman four times. FIEO assists Indian entrepreneurs and exporters in overseas markets.

Scale indicators12 records

Recent moves20 records

Expansion highlights5 records

Direct peers

• Greif, Inc. US-listed global leader in industrial packaging, including steel drums and container closures, directly comparable to Technocraft's heritage drum-closure business.
• Mauser Packaging Solutions: Global industrial packaging player in steel and plastic drums; while also a Technocraft customer, it competes in drum manufacturing and drives demand for high-quality closures.
• Schütz GmbH & Co. KGaA: World's largest manufacturer of IBCs and steel drums, a direct customer and downstream competitor to Technocraft in industrial packaging containers.
• Balmer Lawrie & Co. Ltd. Indian public-sector manufacturer of steel drums and industrial packaging, a direct domestic peer to Technocraft's drum-closure business.
• Cyient Ltd. Indian listed engineering and digital services company with global delivery, comparable to Technocraft's Technosoft engineering services subsidiary.

Broad incumbents

• Vardhman Textiles Ltd. Large Indian vertically integrated textile conglomerate with yarn, fabric and garment operations, comparable to Technocraft's textile vertical.
• Trident Group: Indian integrated textiles player spanning yarn, terry towels and paper; comparable to Technocraft's cotton-yarn-to-garment integration.
• PERI Group: Global German leader in formwork and scaffolding systems, a directly comparable broad incumbent to Technocraft's scaffolding/formwork division.
• Layher GmbH: German global leader in modular scaffolding systems, competing directly with Technocraft's Techring/T Stage/Techlok scaffolding product lines.

Others

• Arvind Limited: Major Indian denim and fabric manufacturer with large-scale cotton-based textile operations, comparable to Technocraft's fabric and garment vertical.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCyQ5X3M9Z9Z9Z9Z9Z9Z9Z9Q
• LinkedInlinkedin.com/company/technocraft-industries-india-ltd

Compliance27 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries23 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Technocraft International