NTF Group

What NTF Group does

NTF Group is a privately held Indian manufacturer of engineering plastics and advanced composites, founded in 1984 in Ghaziabad by M. K. Jain and Naveen Jain and now headquartered in Manesar, Gurugram (Haryana). The company operates three core business verticals: (1) Advanced Composites and Engineering Plastics, led by NTF India, which produces interior and exterior automotive components, commercial vehicle parts, locomotive and rail-coach GRP products, agriculture and construction equipment covers, wind-energy GRP components, and medical/defense parts; (2) Future Mobility, led by ZEN Mobility and the NTF Mobility Works joint venture with Mitsuiya Co. Japan, which designs and manufactures customized Light Electric Vehicles for B2B customers; and (3) Innovation, Design and IT Services, operated through wholly owned Studio34 (industrial design, CAS/CAD, prototyping) and Navtechnik (SAP implementation for automotive, retail, and pharma industries). Manufacturing spans 11+ units across Haryana, Rajasthan, Gujarat, Maharashtra, and Karnataka, processes include injection moulding, blow moulding, RIM, RTM, LWRT, PU spray, thermo-compression, and vacuum forming, and the company manufactures approximately 50,000 parts per day.

NTF operates a B2B OEM supply model, selling engineered components directly to enterprise customers on a quote-based pricing basis with no public pricing disclosure. Its customer base is concentrated in passenger automotive OEMs (Maruti Suzuki, Honda, Toyota, Volkswagen, Renault, Mahindra, Tata, Skoda, Mercedes-Benz, Fiat, Ford) and extends to commercial vehicles, agriculture OEMs (SDF, CNH Industrial), locomotives, and wind energy (GE, for USA and Europe projects). Strategic international joint ventures include NTF Shigeru India (with Shigeru Kogyo Japan for high-end interiors) and NTF Energy Solutions, a collaboration to produce Type IV composite cylinders for natural gas and hydrogen with start-of-production planned for 2027. The company is family-controlled by the Jain family (now including third-generation Naman, Namit, and Rajat Jain, plus leader Ritesh Garg), employs over 1,000 people, holds ISO 14001 and IATF 16949 certifications, and operates a Government of India-recognized R&D facility. No external private equity or venture capital ownership has been disclosed.

Name

NTF Group

Legal name

NTF Group Holding

Website

https://ntfholding.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

NTF Group is a privately held Indian manufacturer of engineering plastics and advanced composites, founded in 1984, supplying Tier-1 automotive and industrial OEMs (Maruti, Honda, Toyota, VW, GE) from 11+ plants across India, with growing businesses in Light Electric Vehicles and hydrogen/NG composite cylinders.

Ownership category

akta.pro rank

Product category

Engineering Plastics & Composites Manufacturing

NAICS

Motor Vehicle Parts Manufacturing (3363), Transportation Equipment Manufacturing (336)

SIC

Miscellaneous Transportation Equipment (3790)

akta.pro primary industry

Automotive Exterior Body Panels & Closures Manufacturing (Bumpers/Fenders/Hoods/Doors/Tailgates) (IMACAKAD)

akta.pro secondary industries

Automotive Interior Comfort & Convenience Components Manufacturing (Armrests/Cupholders/Storage/Interior Hardware) (IMACAKAJ), Truck Body & Upfit Manufacturing (Box/Dump/Service/Refuse) (IMACAGAC)

Keywords

• Engineering plastics manufacturing
• Advanced composites
• Automotive OEM parts
• Light electric vehicles
• Industrial design services

Headquarters

HQ city

Haryana

HQ country

India

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Advanced Composites & Engineering Plastics: Manufacturing and OEM supply of engineering plastic and composite automotive parts including automotive interiors, exteriors, commercial vehicle parts, locomotive parts, agriculture equipment parts, wind mill parts, and medical/defense equipment parts
2. Future Mobility - Light Electric Vehicles: Design, engineering and manufacturing of customized Light Electric Vehicles for B2B customers including smart mobility, hybrid bikes, bio-hybrid EVs, autonomous vision concepts, and last mile delivery solutions
3. Innovation, Design & IT Services: Consulting and implementation of industrial design, IT and digitisation services through Studio34 (design studio) and Navtechnik (SAP solutions and enterprise services)

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

NTF Group designs, engineers, and manufactures engineering plastics and advanced composite parts as an OEM supplier for automotive, commercial vehicle, agriculture, locomotive, wind energy, and medical/defense sectors. It also produces customized Light Electric Vehicles for B2B customers and offers industrial design, prototyping, and SAP/IT implementation services.

Product overview

NTF Group operates as an end-to-end mobility solution provider with three core business verticals: Advanced Composites & Engineering Plastics (led by NTF India), Future Mobility (led by ZEN Mobility), and Innovation Design & IT (led by Studio 34 and Navtechnik). NTF India manufactures lightweight reinforced plastic and composite automotive parts for interiors, exteriors, commercial vehicles, locomotives, agriculture equipment, wind energy, and medical/defense sectors using multiple processes including injection moulding, blow moulding, RTM, and vacuum forming. ZEN Mobility designs and manufactures customized Light Electric Vehicles for B2B customers. Studio 34 provides industrial design and digital sculpting services, while Navtechnik offers SAP implementation and enterprise solution services. The company serves major OEMs globally including Maruti, Honda, Toyota, Volkswagen, Renault, Mahindra, and GE.

Differentiator

Problem solved

Functional benefit

Products and services

• NTF India
• ZEN Mobility
• Studio 34
• Navtechnik (NTF Technik India Pvt Ltd)
• Automotive Interiors
• Automotive Exteriors
• Commercial Vehicle Parts
• Locomotive & Rail Coach Parts
• Agriculture & Construction Equipment Parts
• Wind Energy Components
• Medical & Defense Equipment Parts
• NTF Energy Solutions - Type IV Composite Cylinders

Quantifiable outcome

• 50+ prestigious awards from customers and industry bodies
• +2 more outcomes

Named customers18 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Shigeru Kogyo JapancoreStrategic or Co-development PartnerNTF Shigeru India is a joint venture with Shigeru Kogyo Japan, a leading manufacturer of high-end interior applications. This partnership enables NTF to offer premium interior solutions for automotive and other applications.
• Mitsuiya Co. JapancoreStrategic or Co-development PartnerNTF Mobility Works is a joint venture with Mitsuiya Co. Japan, a global leader in extremely light mobility solutions. This partnership focuses on developing and manufacturing lightweight mobility products.
• World Leader in CylinderscoreTechnology or IntegrationCollaboration with world leader in cylinders for NTF Energy Solutions - Type IV Composite Cylinders for Natural Gas and Hydrogen. Start of production planned for 2027.
• GE (General Electric)coreStrategic or Co-development PartnerNTF provides GE with Glass Reinforced Plastic (GRP) components for wind energy projects across USA and Europe. With over 40,000 wind turbines installed globally, GE is one of the world's leading turbine suppliers.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Motherson Sumi Systems: India's largest diversified auto components manufacturer producing polymer and composite interior/exterior parts, wiring harnesses, and modules for global OEMs. Closest peer to NTF in scale, geography, OEM customer base, and plastics/composites focus.
• Sundaram Fasteners: Indian precision automotive fasteners and components manufacturer supplying global OEMs including automotive and industrial segments. Comparable as a long-standing India-based Tier-1 with diversified end-market exposure.
• Tata AutoComp Systems: Indian Tier-1 auto components conglomerate supplying plastics, composites, and electricals to OEMs including Tata Motors and other global players. Comparable as an Indian plastics-heavy OEM supplier.
• Lumax Industries: Indian automotive lighting and components supplier with deep ties to Indian OEMs. Comparable as an Indian Tier-1 plastics/component supplier with a similar OEM-focused customer base.
• Endurance Technologies: Indian auto components manufacturer with strong presence in aluminum die-casting, suspension, and transmission components plus plastics, supplying major Indian and global OEMs. Comparable as Indian Tier-1 with diversified automotive portfolio.
• Plastic Omnium: French global leader in automotive plastics, composites, and clean-energy systems (fuel systems, hydrogen tanks). Closest global peer on plastics/composites manufacturing and hydrogen cylinder adjacency.
• Minda Industries (Uno Minda): Indian auto components group supplying plastics, electronics, lighting, and aftermarket products to OEMs. Comparable as an Indian Tier-1 with plastics/composites manufacturing and broad OEM customer coverage.
• Varroc Engineering: Indian Tier-1 supplier of exterior lighting, plastic/composite exterior parts (bumpers, fenders), and powertrain components to global OEMs. Directly comparable on exterior body panels and polymers.

Broad incumbents

• Mahindra CIE Automotive: Indian-listed automotive components manufacturer (part of CIE Automotive) producing castings, stampings, plastics, and composites for global OEMs. Comparable as a broad Indian Tier-1 supplier to the same OEM customer set.
• Faurecia: French Tier-1 supplier specializing in automotive interiors, seating, clean mobility (hydrogen), and electronics. Comparable on interior composites and future-mobility/hydrogen adjacencies at a much larger global scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/ntfindia
• Facebookfacebook.com/ntfindiamanesar
• LinkedInlinkedin.com/company/ntfholding

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 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 NTF Group