TGPEL Precision Engineering

What TGPEL Precision Engineering does

SPR TGPEL Precision Engineering Limited (formerly TGPEL Precision Engineering Ltd / Timex Group Precision Engineering Limited) is an India-based B2B contract manufacturer specializing in precision plastic injection mould design, tooling, and mass production of injection moulded components. The company operates two manufacturing plants in Noida, Uttar Pradesh — the second commissioned in 2020 with machines up to 660 tonnes clamp force — and runs a fully integrated workflow covering concept design, in-house tool room operations, injection moulding, quality inspection, assembly, testing, and secondary operations such as ultrasonic welding, pad printing, and leak testing. Technology infrastructure includes NX CAD/CAM (formerly Unigraphics) design software, CNC milling centers (DMC 63V, MAHO, MAKINO, HAAS), Sodick/Agie EDM and Wire EDM, FANUC ROBOCUT 5-axis wire cut, and microprocessor-controlled closed-loop injection moulding machines from Arburg, L&T, Ferromatic Milacron, FANUC, and Toshiba. Quality assurance is anchored by Mitutoyo CNC CMM with 1-micron measurement capability, and the facility holds IATF 16949:2016 and ISO 9001:2015 certifications from TUV NORD.

The company serves five primary end-markets — automotive tier-1 suppliers, consumer electrical and electronics OEMs, industrial manufacturers, medical equipment manufacturers, and FMCG — with automotive (AIS, Denso, Kojima) and electrical (Secure Meters, Hitachi Metals) flagged as primary segments. Named customers include global tier-1 OEMs such as Denso (with recurring Partner Meet awards from 2013–2017), AIS (2018), Kojima, Hitachi Metals, Secure Meters Limited, Nicpor, and CPS Color. Revenue is generated through two main streams — one-time mould and tooling fabrication orders, and recurring injection moulded component production contracts — priced on a custom quote basis against customer specifications with no publicly disclosed pricing tiers.

TGPEL pursues market expansion via technology partnerships with global OEMs (Kolbenschmidt Group, Honda Foundry, Riken Corporation, Fuji Oozx) and a stated strategy of diversifying into non-automotive segments. The company was hived off from the Timex Group in 2008 to operate as TGPEL Precision Engineering Limited and was most recently integrated in FY2024-25 as a controlled subsidiary under SPR Auto Technologies Ltd, the parent reporting consolidated revenue of Rs. 35,498 million for FY2024-25. The company is privately held with no disclosed venture or private equity investment and no standalone revenue or headcount disclosure.

Name

TGPEL Precision Engineering

Legal name

SPR TGPEL Precision Engineering Limited

Website

https://tgpel.com

Company type

Private

Founded year

1992

Operating status

Operating

Short description

SPR TGPEL Precision Engineering Limited is an Indian B2B contract manufacturer providing end-to-end plastic injection mould design, tooling, and precision injection-moulded component production for automotive tier-1, electrical, industrial, medical, and FMCG customers, operating two Noida plants under IATF 16949:2016 certification.

Ownership category

akta.pro rank

Product category

Precision Plastic Injection Molding and Tooling

NAICS

Industrial Mold Manufacturing (333511)

SIC

Metalworkg Machinery & Equipment (3540)

akta.pro primary industry

Automotive & Transportation Injection Molded Parts (IMANAFAB)

Keywords

• Precision injection molding
• Plastic mould design
• Injection mould manufacturing
• Automotive plastic components
• Tool room services

Headquarters

HQ city

Noida

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Precision Injection Mold Manufacturing: Design, manufacturing, tryout, and supply of high precision injection molds including hot runner and cold runner variants. Moulds are supplied to all industries and leading companies in India and abroad. Revenue generated through one-time mold fabrication and tooling orders.
2. Injection Molded Component Production: Mass production of injection molded plastic components for automotive, electrical, industrial, medical, and other industries. Revenue generated through ongoing production orders with component manufacturing, assembly, testing & validation services under one roof.
3. Integrated Solutions Services: Value-added services including reverse engineering, prototyping, design optimization, assembly, testing & validation, secondary operations (Pad Printing, Heat Sticking, Leak Testing, Ultrasonic Welding, etc.).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

TGPEL provides a one-stop solution for plastic injection mould design, manufacturing, tryout and mass production. The company manufactures high-precision hot runner and cold runner injection moulds and produces injection-moulded plastic components for automotive, consumer electrical and electronics, industrial, medical and FMCG customers, supported by in-house design, tooling, moulding, inspection and assembly capabilities.

Product overview

SPR TGPEL Precision Engineering Limited operates as a precision engineering and plastic injection moulding company offering a single-source solution for the manufacturing of high precision injection molds and injection molded plastic components. The portfolio consists of two core product lines—Moulds & Dies and Plastic Components—supported by four integrated service modules: Mold Design & Development (using NX CAD/CAM software), Mould Manufacturing (with in-house CNC, EDM, wire EDM capabilities), Injection Moulding (25-660 ton machines), and Inspection Services (1-micron measurement precision). The Plastic Components line is organized into four end-market sub-categories: Automotive Parts, Electrical Parts, Industrial Parts, and Medical Parts. The company also offers Integrated Solutions that combine all capabilities from concept to mass production, including secondary operations such as ultrasonic welding, leak testing, and assembly. All capabilities are provided under one roof in Noida, Uttar Pradesh, India.

Differentiator

Problem solved

Functional benefit

Products and services

• Moulds & Dies

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Kolbenschmidt GroupcoreTechnology or Integration · 7 July 2026Technology partnership with global OEM for market expansion and technology integration in precision engineering manufacturing.
• Honda FoundrycoreTechnology or Integration · 7 July 2026Technology partnership with global OEM for market expansion and technology integration in precision engineering manufacturing.
• Riken CorporationcoreTechnology or Integration · 7 July 2026Technology partnership with global OEM for market expansion and technology integration in precision engineering manufacturing.
• Fuji OozxcoreTechnology or Integration · 7 July 2026Technology partnership with global OEM for market expansion and technology integration in precision engineering manufacturing.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Lumax Industries: Indian automotive lighting and plastics component manufacturer with OEM partnerships including Maruti Suzuki and Honda. Comparable to TGPEL in plastics-component manufacturing for Indian automotive Tier 1s.
• Varroc Engineering: Indian automotive component group with plastics, lighting, and electronics product lines serving global OEMs. Directly comparable to TGPEL in plastic-injection molded components for Tier 1 automotive customers.
• Sansera Engineering: Indian precision engineering and automotive component manufacturer supplying Tier 1s with machined and assembled parts. Highly comparable to TGPEL given the shared precision auto-component focus and Indian OEM customer base.
• Uno Minda: Large Indian auto component manufacturer with switchgear, lighting, acoustics, and plastics divisions serving Maruti Suzuki and other OEMs. Comparable in scale, customer overlap, and plastics-based component manufacturing.
• Endurance Technologies: Indian auto component manufacturer with significant aluminium die-casting, suspension, and plastics exposure. Comparable to TGPEL as a precision-driven Tier 1 supplier serving two-wheeler and four-wheeler OEMs in India.
• PIOLAX: Japanese precision plastic injection molding company serving global automotive Tier 1s. Directly comparable to TGPEL in plastic precision components and automotive OEM supply.
• Suprajit Engineering: Indian precision auto component manufacturer specializing in cables, speed sensors, and controls. Comparable to TGPEL as a precision-engineered Tier 1/2 supplier to Indian and global automotive customers.
• Nifco: Japanese specialist in plastic injection molded fasteners and precision components for global automotive OEMs. Highly comparable to TGPEL in plastic injection technology and automotive Tier 1 customer base, though at significantly larger scale.

Broad incumbents

• Tata AutoComp Systems: Broad Indian automotive component conglomerate with plastics, electricals, and interior systems. Comparable to TGPEL as a large Indian supplier to automotive OEMs but with a much wider portfolio beyond plastics.
• Rane Group: Indian automotive component group with steering, valve, and engineered products divisions. Comparable to TGPEL in precision-engineered automotive Tier 1 supply, though Rane is broader and larger in scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/timex-group-precision-engineering-limited

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

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 TGPEL Precision Engineering