Elixir Industries

What Elixir Industries does

Elixir Industries is a Pune, India-based ISO 9001:2015 certified manufacturer of precision machined and cold forged components, founded in 2006 as a partnership and operating with 51-100 employees. The company runs two manufacturing units — Unit-I in Ahmednagar producing cold forged, sheet metal, and precision machined parts, and Unit-II in Pune focused on high-precision machining — plus a wholly-owned coating subsidiary, Technocoat Services, established in 2014 in Pune for aluminum zinc flake, Xylan, and phosphating applications. Its product portfolio covers machined parts (CNC turned and milled in steel, stainless steel, EN series, brass, copper, and aluminum), cold forged parts and rods, threaded studs and ACME threads up to 4-1/2 inches, control cable end fittings, bend tubes and subassemblies, and forged hooks for beverage, food, and dairy applications, with supporting capabilities in induction heat treatment, shot blasting, and brass/silver brazing.

The company generates revenue through contract manufacturing on a quote-based pricing model tied to specifications, volumes, and material requirements, with no publicly disclosed pricing or contract terms. Go-to-market is direct enterprise field sales targeting engineering and procurement teams in automotive OEMs and tier suppliers, oil and gas equipment manufacturers, mining, FMCG, and electronics. Distribution is direct to industrial customers with no intermediary channels, and marketing relies on the company website plus phone and email contact rather than digital demand generation. The company is privately held, bootstrapped, and partner-owned with no institutional investors or parent company identified in available sources.

Name

Elixir Industries

Legal name

Elixir Industries

Website

https://elixirindustries.in

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

Elixir Industries is an ISO 9001:2015 certified Indian manufacturer of precision machined and cold forged components, serving automotive, oil and gas, mining, FMCG, and electronics OEMs through contract manufacturing across two production units and an in-house coating subsidiary.

Ownership category

akta.pro rank

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Precision Machined Components: Contract manufacturing of precision machined components for automotive, hydraulics, and pneumatics applications. Revenue generated through one-time manufacturing contracts based on customer specifications and volumes.
2. Cold Forged Components: Cold forging manufacturing services producing near net shape components with superior mechanical properties for automotive, mining, and construction industries.
3. Surface Coating Services: Zinc aluminum flake coating, Xylan coating, and phosphating services for corrosion protection. Provides both in-house coating capabilities through Technocoat Services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Elixir Industries manufactures and supplies precision machined and cold forged components for automotive, oil and gas, mining, construction, FMCG, and electronics applications. The company operates two manufacturing units (cold forging and precision machining in Ahmednagar and Pune) and provides in-house surface treatment services including Xylan coating, zinc aluminum flake coating, and zinc phosphating through its Technocoat Services subsidiary.

Product overview

Elixir Industries is an ISO 9001:2015 certified precision machined and cold forged components manufacturer established in 2006. The company operates two manufacturing units: Unit-I in Ahmednagar producing cold forged, sheet metal, and precision machining parts; Unit-II in Pune focusing on highly precision machining. A third entity, Technocoat Services, provides aluminum zinc flake coating, Xylan coating, and phosphating services. The product portfolio centers on precision machined parts (including CNC turned components), cold forged parts (forging eye hooks), threaded parts (long threaded studs, half and full threaded rods), control cable parts, and assembly/subassembly services. Surface treatment capabilities include Xylan coating, zinc aluminum flake coating, and zinc phosphating. Supporting manufacturing capabilities include induction heat treatment, shot blasting, and brass/silver brazing. Materials processed include steel, stainless steel, EN series, brass, copper, aluminum, and specialty alloys for automotive, oil and gas, mining, construction, and FMCG sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Machined Parts Precision machined components manufactured to critical dimensions and geometric tolerances using CNC turning and milling processes. Materials include steel, stainless steel, EN series, brass, copper, and aluminum for automotive, hydraulics, and pneumatics applications.
• Long Threaded Stud Long threaded studs and rods including half-threaded and full-threaded variants. Threading capabilities up to 4-1/2 inches in diameter, with coarse, fine, and ACME threads in both right and left hand styles, including thread milling to 16 inches.
• Forging Eye Hook (Cold Forged Parts) Cold forged components manufactured at room temperature to strengthen metal, providing near net shape, improved mechanical properties, and superior surface finish with consistent tolerances for automotive, mining, and construction industries.
• Bend Tubes Assembly Complete product assembly and custom machine assembly services combining fabrication, welding, and machine shop capabilities under one roof for cost-effective finished products.
• Control Cable Machined Parts Control cable end fittings and machined parts manufactured from copper, carbon steel, stainless steel, aluminum, brass, mild steel, and free cutting steel for industrial applications.
• Zinc Aluminum Flake Coating Micro-layer corrosion protection coating with chromate matrix and Zn flakes providing 5-15 microns thickness, resistance against corrosion and chemicals, and over 1000 hours salt spray test protection. Environmentally friendly water-based coating.
• Xylan Coating Fluoropolymer composite coatings (Xylan/PTFE) providing corrosion barrier protection for bolts, studs, and nuts in corrosive environments and salt water conditions, offering up to 4000 hours salt spray protection with one-, two-, and three-coat conventional and reinforced coating systems.
• Rod (Forged and Machined) Cold forged and machined rods manufactured using collar cold forging process, providing high strength, tight tolerances, better durability, and improved metallic structure with automated manufacturing.
• Rod and Forged Hook Forged hooks made from premium quality stainless steel conforming to international industry standards, featuring optimum strength, corrosion resistance, and sturdy design for beverage, food, and dairy industries.
• Bend Tube and Subassembly Metal tube bending services and complete sub-assembly production combining metal and plastic components for automotive, manufacturing, and electronics applications.

Quantifiable outcome

• Zero injuries for 36 years

Named customers1 record

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Sansera Engineering: India-based precision machined and forged components supplier serving automotive and industrial OEMs with a similar end-to-end manufacturing and assembly model. Closely aligned in scale, product mix (precision machined + forged parts), and target verticals.
• Ramkrishna Forgings: India-based producer of rolled, forged, and machined components serving automotive, railways, and industrial markets. Closely comparable in forging + machining capabilities and Indian B2B industrial customer base.
• Hi-Tech Gears: India-based manufacturer of precision machined and forged gearing/transmission components for automotive and industrial customers. Comparable in precision machining technology and automotive tier-1 customer base.

Broad incumbents

• Sundram Fasteners: Indian manufacturer of high-tensile fasteners and precision components for automotive and industrial applications. Overlaps directly with Elixir's threaded studs, rods, and machined fasteners product lines.
• Bharat Forge: India's largest forging company producing forged and machined components for automotive, oil & gas, and industrial customers globally. Most directly comparable Indian counterparty given overlapping forging, machined components, and multi-vertical customer base.
• Endurance Technologies: Indian auto and industrial component manufacturer producing aluminum die-castings, machined parts, and assemblies. Comparable in precision machined components and automotive OEM customer focus.
• Mahindra CIE Automotive: Large Indian auto and industrial components platform covering forgings, machined parts, and assemblies. Overlaps with Elixir on multi-vertical precision component manufacturing and assembly services.

Regional players

• ISGEC Heavy Engineering: Indian heavy engineering manufacturer producing machined and fabricated components for power, oil & gas, and industrial customers. Comparable in heavy/industrial component manufacturing serving similar verticals.

Emerging players

• Bharat Bijlee (precision components): India-based electrical and precision engineering company with machining capabilities for industrial customers. Comparable in Indian industrial precision manufacturing for B2B customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 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 Elixir Industries