Empire Industries Ltd

What Empire Industries Ltd does

Empire Industries Ltd is a publicly listed Indian conglomerate (BSE: 509525) headquartered in Mumbai, operating nine distinct business divisions across manufacturing, distribution, and real estate. The company's core verticals include Vitrum Glass (pharmaceutical glass bottle manufacturing supplying GSK, Cipla, Cadila, Pfizer, Merck, and Abbott), Empire Machine Tools (MFTM and MCAT divisions representing Zeiss Germany for 3D CMM and Techmeta France for electron beam welding, plus ALD Germany for vacuum metallurgy), Empire Industrial Equipment (turn-key capital equipment solutions), Empire Commercial Properties (commercial and IT office leasing including Empire Complex and Vikhroli IT Park with tenants such as TCS and ICICI Bank), Grabbit+ (automated vending services with cashless technology serving HSBC, Bank of America, JP Morgan, PepsiCo, and Parle), Empire Foods (frozen food import and distribution holding over 40% market share in Basa Fish in India with 6000+ tons annually), The Empire Business Centre (flexible furnished offices, 93% occupancy within two years), and Empire Industrial Centrum (35-acre MSME industrial township under development in Ambernath).

The company operates on a diversified revenue model combining one-time manufacturing sales (Vitrum Glass), representation/transaction fees on imported industrial equipment (Machine Tools, Industrial Equipment divisions), subscription-style recurring revenue from commercial property leasing and serviced offices, and distributor margin on frozen food distribution. For Q3 FY2025 (quarter ended December 2025), Empire Industries reported standalone sales of Rs 188.64 crore (up 7.49% YoY) and standalone net profit of Rs 10.58 crore, with operating margin at 9.14% (contracted from 10.21% prior year). The company employs 101-250 staff and operates exclusively in India, with its international relationships confined to representing overseas technology partners (Zeiss, Techmeta, ALD) rather than direct cross-border sales. Founded in 1963 by Mr. S.C. Malhotra as Empire Dyeing Co. Ltd. and renamed in 1975, the company traces 125 years of continuous brand presence and maintains long-tenure supplier and customer relationships typically spanning multiple decades across all divisions.

Name

Empire Industries Ltd

Legal name

Empire Industries Ltd

Website

https://empiremumbai.com

Company type

Public

Founded year

1963

Operating status

Operating

Headcount range

101–250 employees

Short description

Empire Industries Ltd is a publicly listed Mumbai-based multi-divisional conglomerate operating nine business verticals including pharmaceutical glass manufacturing (Vitrum Glass), industrial equipment representation (Zeiss, Techmeta, ALD), commercial real estate, frozen food distribution (40%+ Basa Fish market share), and automated vending services, serving enterprise clients across pharma, BFSI, IT, and hospitality sectors in India.

Ownership category

akta.pro rank

NAICS

Glass Container Manufacturing (327213)

SIC

Glass Containers (3221)

akta.pro primary industry

Food & Beverage Glass Packaging (Beer, Wine, Spirits, Soft Drinks, Water) (IMALAEAA)

Keywords

• Pharmaceutical glass packaging
• Industrial machine tools
• Frozen food distribution
• Commercial property leasing
• Automated vending services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Vitrum Glass: Manufacturing and marketing of glass bottles for pharmaceutical industry
2. Empire Machine Tools: Marketing and representation of world-class machine tool companies in metal cutting and forming testing
3. Empire Industrial Equipment: Provider of turn-key solutions for capital equipment investments for overseas suppliers and Indian customers
4. Empire Commercial Properties: Leasing of commercial and IT spaces built, owned and managed by Empire Industries Ltd
5. Grabbit+ Vending: Automated vending services with cashless technology
6. Empire Foods: Import and distribution of frozen food products to hotels and restaurants, including own cold chain and bonded warehouse operations
7. The Empire Business Centre: Flexible fully furnished offices with business support services
8. Empire Industrial Centrum: Industrial township development for MSMEs on 35 acre property

Go-to-market motion1 record

Distribution channels4 records

Marketing channels1 record

Core offering

Empire Industries Ltd is a multi-divisional public limited company headquartered in Mumbai that manufactures pharmaceutical glass bottles (Vitrum Glass), represents global industrial machine tool and equipment manufacturers (Empire Machine Tools and Empire Industrial Equipment), distributes frozen and chilled foods to the hospitality sector (Empire Foods), and develops and leases commercial real estate (Empire Commercial Properties, The Empire Business Centre) along with operating automated cashless vending (Grabbit+) and an MSME industrial township (Empire Industrial Centrum).

Product overview

Empire Industries Ltd is a multi-divisional public limited company headquartered in Mumbai with a 125-year heritage. The company operates a diversified portfolio of nine distinct business verticals spanning manufacturing, trading, and real estate. The core products include: Vitrum Glass (pharmaceutical glass bottles manufacturing), Empire Machine Tools (MFTM and MCAT divisions providing metrology equipment and machine tools), Empire Industrial Equipment (capital equipment turn-key solutions), Empire Commercial Properties (commercial/IT space leasing), Grabbit+ (automated vending), Empire Foods (frozen food import and distribution), The Empire Business Centre (flexible office spaces), and Empire Industrial Centrum (industrial township development). The company is market leaders in all its business segments.

Differentiator

Problem solved

Functional benefit

Brands

• Vitrum Glass: Leaders in manufacturing and marketing quality glass bottles for the pharmaceutical industry
• Empire Machine Tools (EMT)
• Empire Industrial Equipment
• Empire Commercial Properties
• Grabbit+
• Empire Foods
• The Empire Business Centre
• Empire Centrum

Products and services

• Vitrum Glass Manufacturing and marketing of quality glass bottles for the pharmaceutical industry, serving major pharmaceutical multinational and Indian companies.
• Empire Machine Tools (EMT) – Metal Forming Testing and Metrology (MFTM) Engineering consultancy and support services providing highly accurate metrology equipment (3D CMM from Zeiss Germany) and electron beam welding machines (from Techmeta France) to world-class manufacturers in aerospace, nuclear, defense, and heavy engineering sectors.
• Empire Machine Tools (EMT) – Metal Cutting and Allied Technology (MCAT) Provider of state-of-the-art, reliable, and cost-effective machine tools for metal cutting serving defense, aerospace, automobiles, railways, steel, energy, and heavy engineering sectors.
• Empire Industrial Equipment Provider of new technology, capital equipment, and related turn-key solutions for overseas suppliers and Indian customers in the core sectors of the Indian economy.
• Empire Commercial Properties Leases large commercial and IT spaces built, owned, and managed by Empire Industries Ltd to corporate tenants including TCS, ICICI Bank, TV 18 Broadcast, and Mondelez India.
• Grabbit+ Automated vending service offering state-of-the-art vending machines with high-end cashless technology for corporate offices, serving clients including HSBC, Bank of America, JP Morgan, PepsiCo, and Parle.
• Empire Foods Market leader in import and distribution of frozen and chilled food products, especially marine foods and meat, to 5-star hotels and restaurants across India; holds over 40% market share in Basa fish distribution with more than 6,000 tons imported annually.
• The Empire Business Centre (TEBC) Builds and manages flexible and customised fully furnished offices providing complete business support services, designed to minimise initial capital investment for start-ups and companies.
• Empire Industrial Centrum A 35-acre well-equipped, futuristic integrated industrial township in Ambernath for Micro, Small and Medium Enterprises, offering industrial plots and built-up spaces with residential facilities.

Quantifiable outcome

• 40%+ market share in Basa Fish sales and distribution in India
• +3 more outcomes

Named customers14 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

Feature4 records

Partnerships

19 partnerships are on record, tiered core and minor.

• ALD - GermanycoreTechnology or Integration · 1 January 2001Since 2001, representing ALD Germany for Vacuum Metallurgy products including Melting & Re-melting Furnaces & Powder Atomisers for Defence, Aerospace, Power & Nuclear Industry. ALD is the highest rated supplier of such products globally.
• Zeiss - GermanycoreTechnology or IntegrationOver 40-year ongoing association with Zeiss Germany for 3D CMM (Coordinate Measuring Machine) products. Zeiss is rated the best in the global market for metrology equipment. Empire Machine Tools (EMT-MFTM) is a pioneer in introducing highly accurate metrology equipment from Zeiss.
• Techmeta - FrancecoreTechnology or IntegrationRepresents Techmeta of France for electron beam welding machines. Empire Machine Tools brought Techmeta to become the largest supplier of such machines to Aerospace and Nuclear power Sectors in India for the past 30 years.
• GlaxoSmithKline Pharmaceuticals LtdcoreOthersMajor customer of Vitrum Glass division for pharmaceutical glass bottles. Long-standing supplier relationship spanning decades.
• CiplacoreOthersMajor customer of Vitrum Glass division. Long-standing supplier relationship as one of India's leading pharmaceutical companies.
• Cadila HealthcarecoreOthersMajor pharmaceutical customer for glass bottles from Vitrum Glass division.
• Pfizer LimitedcoreOthersMajor pharmaceutical customer for glass bottles from Vitrum Glass division.
• Merck LimitedcoreOthersMajor pharmaceutical customer for glass bottles from Vitrum Glass division.
• Abbott India LimitedcoreOthersMajor pharmaceutical customer for glass bottles from Vitrum Glass division.
• Dabur India LimitedcoreOthersMajor pharmaceutical customer for glass bottles from Vitrum Glass division.
• Tata Consultancy Services Limited (TCS)coreOthersExcellent clientele tenant at Empire Complex commercial property. IT Park tenant at Vikhroli.
• ICICI BankcoreOthersCorporate tenant at Empire Complex commercial property.
• TV 18 Broadcast LimitedminorOthersTenant at Empire Complex commercial property.
• Mondelez India Foods Pvt LtdminorOthersTenant at Empire Complex commercial property.
• HSBCminorOthersClient for Grabbit+ vending services in corporate office.
• Bank of AmericaminorOthersClient for Grabbit+ vending services in corporate office.
• JP MorganminorOthersClient for Grabbit+ vending services in corporate office.
• PepsiCominorOthersClient for Grabbit+ vending services.
• ParleminorOthersClient for Grabbit+ vending services.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Nipro Corporation: Japanese medical device and pharmaceutical packaging manufacturer producing glass tubing, vials, and syringes. Comparable to Vitrum Glass's pharmaceutical packaging business with focus on injectable drug containment.
• DWK Life Sciences: Global manufacturer of specialty glass packaging for pharmaceutical, laboratory, and life science applications. Comparable to Vitrum Glass in glass packaging for pharma-adjacent end markets including laboratory and diagnostic applications.

Regional players

• Piramal Glass Limited: Indian-based glass packaging manufacturer serving pharmaceutical, cosmetics, and food/beverage end markets. Regional peer to Vitrum Glass with overlapping Indian pharma customer base and broader product mix across multiple end segments.
• Hikal Limited: Indian pharmaceutical, agrochemical, and animal health company supplying active ingredients and intermediates. Comparable to Empire Industries as a publicly listed Indian specialty supplier serving pharmaceutical companies in India.

Direct peers

• SGD Pharma: French pharmaceutical glass packaging specialist manufacturing primary glass containers for injectable and oral pharmaceutical products. Direct peer to Vitrum Glass with similar pharmaceutical customer base and product focus.
• Gerresheimer AG: German pharmaceutical and cosmetics glass packaging manufacturer with broad product portfolio including bottles, vials, syringes, and ampoules. Directly comparable to Vitrum Glass as a pharma-focused glass packaging supplier serving global pharma companies.
• Bormioli Pharma: Italian pharmaceutical glass and plastic packaging manufacturer producing bottles, vials, and containers for pharma industry. Comparable to Vitrum Glass in pharmaceutical primary packaging with global pharma customer relationships.
• Stevanato Group: Italian pharmaceutical glass packaging manufacturer producing vials, syringes, and drug containment solutions for global pharma companies. Publicly listed peer with comparable pharma glass product portfolio and customer overlap.
• Schott AG: Global leader in pharmaceutical glass packaging with primary packaging vials, syringes, ampoules and bottles. Direct competitor to Empire's Vitrum Glass division in pharmaceutical-grade glass containers, particularly for MNC pharma customers.

Broad incumbents

• AptarGroup Inc: Global leader in dispensing systems and packaging components for pharmaceutical, beauty, and food/beverage end markets. Broad incumbent operating in pharmaceutical packaging adjacent to Vitrum Glass's pharma bottle business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/empire-industries-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 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 Empire Industries Ltd