TIL

What TIL does

TIL Limited (formerly Tractors India Limited) is an India-based, publicly listed material handling equipment manufacturer headquartered in Kolkata, West Bengal, founded in 1944 as India's first heavy equipment distributor. The company manufactures mobile cranes (truck-mounted TMS series 30–85 ton, rough terrain HUSKY/RT series 20–75 ton, pick-and-carry CarryKing 515, articulating N80A), reachstackers, forklifts, and boom lifts at the Kamarhati plant — India's first purpose-built mobile crane factory (established 1962) — and a 58,000 sq.m Kharagpur facility that is ISO 9001:2015 and ISO 3834-2 certified and houses India's only ReachStacker test track. TIL produces its indigenous TIL Range and distributes partner-branded products through exclusive collaborations with Hyster-Yale (ReachStackers and forklifts for India, Nepal, and Bhutan), Manitowoc/Grove (crawler and mobile hydraulic cranes), and Snorkel (boom lifts).

The company generates revenue primarily through capital equipment sales — quote-based pricing with no public list pricing — supplemented by aftermarket streams including Annual Maintenance Contracts providing preventive maintenance and on-site service, genuine spare parts sold through an ERP-enabled Dankuni warehouse, and operator/maintenance training programs. Sales run through a pan-India regional office network (Kolkata HQ, Delhi NCR, Mumbai, Chennai, Pune, Singrauli) and the channel partners above. Target customers span construction and infrastructure, ports and container handling (logistics yards, CONCOR), defense (Indian Army, Indian Air Force), mining and industrial, and warehousing/logistics segments.

Following a nearly two-year operational halt, Gainwell Group acquired TIL through Indocrest Defence Solutions Private Limited in January 2024 for INR 120 crore, restarting manufacturing under the "TIL 2.0" transformation strategy. FY26 turnover was ₹337.36 crore with a net loss of ₹30.86 crore (reversing from ₹2.90 crore profit in FY25); core machine sales grew 4% YoY to ₹265.33 crore. In February–May 2026 TIL completed a 60% stake acquisition in Tulip Compression Private Limited, extending into CNG, LNG, hydrogen compression, and cryogenic storage equipment. The Q3 FY26 order pipeline exceeded ₹400 crore, anchored by ₹110 crore in defense contracts and a ₹66.75 crore CONCOR order.

Name

TIL

Legal name

Tractors India Limited

Website

https://www.tilindia.in/

Company type

Public

Founded year

1944

Operating status

Operating

Headcount range

501–1,000 employees

Short description

TIL Limited is an India-based, publicly listed material handling equipment manufacturer founded in 1944, producing mobile cranes, reachstackers, forklifts, and boom lifts for construction, port, defense, and mining customers through indigenous manufacturing and global technology partnerships.

Ownership category

akta.pro rank

Product category

Heavy Material Handling Equipment

NAICS

Material Handling Equipment Manufacturing (33392), Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924), Construction Machinery Manufacturing (33312)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530), Industrial Trucks, Tractors, Trailors & Stackers (3537)

akta.pro primary industry

Cranes, Hoists & Overhead Material Handling (Industrial) (IMAHABAE)

akta.pro secondary industry

Cargo Handling & Lifting Equipment (Cranes, Derricks, Hoists) (IMAJAIAB)

Keywords

• Mobile crane manufacturing
• Material handling equipment
• Reachstacker distribution
• Forklift truck supply
• Heavy lifting machinery

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment Sales: Sale of material handling equipment including cranes (truck cranes, rough terrain cranes, pick-and-carry cranes), reachstackers, forklifts, boom lifts, and crawler cranes. Core business segment generating majority of revenue.
2. Maintenance and Service Contracts (AMC): Annual maintenance contracts providing scheduled preventive maintenance, on-site service support, and equipment health monitoring for crane operators.
3. Spare Parts and Components: Sale of genuine crane spare parts including filters, oils, fluids, wear parts, undercarriage components, hoses, fittings, and critical spares through ERP-enabled warehouse.
4. Training Services: Operator and maintenance training programs for customer teams covering basic machine operation, scheduled maintenance, and safety procedures.
5. Clean Energy Equipment (via Tulip Compression): CNG, LNG, and hydrogen compression equipment, cryogenic storage tanks, and gas infrastructure solutions through newly acquired Tulip Compression subsidiary.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

TIL Limited manufactures and distributes heavy material handling equipment including mobile cranes (truck cranes, rough terrain cranes, pick-and-carry cranes), reachstackers, forklifts, boom lifts, and articulating cranes for construction, infrastructure, ports, defense, and logistics sectors. The company manufactures its own TIL-branded products and also distributes Grove, Manitowoc, Hyster, and Snorkel product ranges under exclusive partnerships. Aftermarket services include annual maintenance contracts, spare parts supply, and operator training.

Product overview

TIL Limited (formerly Tractors India Limited) is a material handling equipment manufacturer offering a comprehensive portfolio of mobile cranes and port equipment. The company manufactures its own TIL-branded products including truck cranes (TMS series, 30-85T), pick & carry cranes (CarryKing 515), rough terrain cranes (HUSKY/RT series, 20-75T), and articulating cranes (N80A). Through partnerships, TIL distributes Grove cranes and Manitowoc crawler cranes, Hyster forklifts and reachstackers, and Snorkel boom lifts. In 2026, TIL expanded into clean energy equipment through acquisition of Tulip Compression, adding CNG, LNG, hydrogen compression, and cryogenic storage products. After-sales support includes maintenance contracts (AMC), genuine parts supply, and operator training services.

Differentiator

Problem solved

Functional benefit

Brands

• TIL Range: Indigenous range of material handling equipment including cranes, truck cranes, rough terrain cranes, and ReachStackers
• Hyster-TIL Range
• Manitowoc Range
• Snorkel Range
• Grove Range
• Tulip Compression

Products and services

• Truck Cranes (TIL Range)

Quantifiable outcome

• 4% year-on-year growth in core machine sales to ₹265.33 crore in FY26
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• Tulip Compression Private Limited (TCPL)coreStrategic or Co-development Partner · 1 May 2026TIL acquired 60% stake in Tulip Compression (option to increase to 74%) from affiliate Gainwell Commosales, marking strategic entry into clean energy manufacturing. TCPL specializes in CNG, LNG, and hydrogen compression equipment with facilities in Delhi and Greater Noida. Deal completed May 2026, creating operational synergies through TIL's manufacturing infrastructure.
• Hyster-Yale GroupcoreTechnology or Integration · 1 January 2008Exclusive partnership with Hyster-Yale Asia-Pacific Pty Ltd for marketing comprehensive range of High Capacity Forklift Trucks, Empty & Laden Container Handlers, and ReachStackers to customers in India, Nepal, and Bhutan. TIL manufactures ReachStackers at its Kharagpur facility under Hyster-Yale licence.
• Manitowoc Crane Group / GrovecoreTechnology or Integration · 1 January 1994Partnership with Manitowoc Crane Group for manufacturing and marketing Grove Range products including Rough Terrain Cranes, Truck Mounted Cranes, All Terrain Cranes, and Carry Deck Cranes. TIL's Kamarhati facility manufactures products under Grove technical collaboration.

Scale indicators11 records

Recent moves5 records

Expansion highlights7 records

Direct peers

• BEML Limited: BEML is an Indian PSU manufacturer of heavy equipment including cranes, dumpers, and rail/military vehicles. TIL's defense segment and rough-terrain cranes compete head-to-head with BEML for government and military contracts.
• Konecranes: Konecranes is a leading global manufacturer of industrial cranes, port cranes and container handling equipment, with significant presence in India's ports and shipyard segments. Competes with TIL/Manitowoc Grove in port and heavy-lifting applications.
• Action Construction Equipment (ACE): ACE is India's largest listed crane and material handling equipment manufacturer, offering truck cranes, pick-and-carry cranes, mobile cranes and forklifts across construction and infrastructure. Closest publicly listed domestic peer to TIL's core crane and forklift business in India.
• XCMG India: XCMG is one of the world's largest construction machinery OEMs and has expanded aggressively in India with cranes, excavators and concrete equipment. Directly competes with TIL's truck cranes, pick-and-carry cranes and rough-terrain cranes in India.
• Sany Heavy Industry India: Sany is one of the largest Chinese crane manufacturers with a significant Indian manufacturing footprint producing truck cranes, crawler cranes and excavators. Directly competes with TIL's truck crane and rough terrain crane lines on price and specifications in India.
• Kalmar (Cargotec / Hiab): Kalmar is a global leader in container handling equipment, including reachstackers, empty container handlers and terminal tractors. Directly comparable to TIL's Hyster-TIL reachstacker business targeting ports, terminals and CONCOR.

Broad incumbents

• Liebherr: Liebherr is a global manufacturer of mobile cranes, crawler cranes, and construction machinery with established Indian presence. Competes with TIL in higher-capacity truck and all-terrain crane segments and port equipment.
• Hyster-Yale Group: Hyster-Yale is the global OEM partner for TIL's forklift and reachstacker lines and a major global lift-truck brand. Same product category and a customer/competitor in selected territories outside India/Nepal/Bhutan.
• Manitowoc Crane Group: Manitowoc is the global manufacturer of Grove and Potain cranes and TIL's licensor for the Grove range in India. Comparable as a broad incumbent in the same industry; same product family but a much larger global scale.

Regional players

• Escorts Kubota Limited: Escorts Kubota manufactures construction equipment, tractors and material handling solutions for the Indian market. Adjacent competitor for material handling and earthmoving equipment sold into Indian infrastructure customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries2 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 TIL