ITL Industries

What ITL Industries does

ITL Industries Limited is an Indore, Madhya Pradesh-based public limited company (BSE: 522183; CIN: L28939MP1989PLC005037) that designs, manufactures, and exports industrial metal cutting machinery. Founded in 1985 as a partnership firm named 'Indore Tools', the company was incorporated on January 25, 1989 and listed on the Bombay Stock Exchange in 1993. ITL operates from an 86,000 square foot manufacturing facility in Indore and introduced India's first indigenous High Speed Double Column Bandsaw Machine in 1987, the first NC Carbide Circular Saw Machine in 2007, and an IoT-enabled automated bandsaw in March 2025.

Its product portfolio spans band saw machines (horizontal and vertical, from 100mm to 3000mm cutting capacity, in semi-automatic, fully automatic, NC and CNC variants), numerically controlled circular saw machines (50mm to 200mm cutting capacity), tube mill and pipe plant equipment, bi-metal band saw blades (M-42, M-51/ENDURA, M-71/SUPERIA grades), TCT/cermet circular saw cutters, and accessories. Core technology centers on NC/CNC automation with proprietary features including Linear Motion Guide (LMG) bearings, PLC/HMI touch screen control with AC servo ball screw feed regulation, hydro mechanical sensor-based auto-feed adjustment, and an eco-friendly micro mist oil cooling system. ITL holds patents pending for LMG-type double column bandsaws and energy saver burr-free cold saw fly cut-off systems and is ISO 9001:2015 certified.

ITL's business model is predominantly one-time hardware sales (unit pricing from Rs 450 for accessories to Rs 75.67 lakh for high-end CNC machines) with recurring revenue from consumable band saw blades and a parallel trading division distributing EATON USA hydraulic components. The company sells through direct enterprise field sales, branch offices in Indore, and the IndiaMART B2B marketplace, and serves automotive (Tata, Hyundai, Honda, General Motors, Ford, Suzuki, Mahindra), steel and power (SAIL, BHEL), defence and government (BARC, DMRL, ISRO, NFC, MIDHANI), and general engineering customers (Siemens, ABB, Sandvik, GE, Bharat Forge). Exports to the US, Germany, Africa, the Middle East, and Southeast Asia account for up to 20% of revenue. Recent quarterly performance includes Q3 FY25 sales of Rs 51.08 crore (+17.05% YoY) and Q4 FY25-26 revenue of Rs 61.93 crore (+12.25% YoY), with operating margin expanding from 6.97% to 8.69%. Ownership remains concentrated in the founding Jain family, with no disclosed venture capital or private equity backing.

Name

ITL Industries

Legal name

ITL Industries Limited

Website

https://itlindustries.co.in

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

501–1,000 employees

Short description

ITL Industries Limited is an Indore-based, BSE-listed Indian manufacturer of industrial metal cutting machinery — band saws, circular saws, tube mills, and consumable blades — serving automotive, steel, power, defence, and engineering customers in India and export markets including the US and Germany.

Ownership category

akta.pro rank

Product category

Industrial Metal Cutting Machinery

NAICS

Metalworking Machinery Manufacturing (33351), Machine Tool Manufacturing (333517), Saw Blade and Handtool Manufacturing (332216)

SIC

Machine Tools, Metal Cutting Types (3541), Metalworkg Machinery & Equipment (3540)

akta.pro primary industry

Industrial Saws & Cutting Systems (Band/Circular Saws, Abrasive Cutting) (IMAHADAL)

akta.pro secondary industry

Metal Cutting Tools, Tooling & Workholding (Cutters, Inserts, Chucks, Fixtures) (IMAHADAB)

Keywords

• Metal cutting machinery
• Band saw machines
• Circular saw machines
• Industrial cutting tools
• Tube mill equipment

Headquarters

HQ city

Indore

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Metal Cutting Machine Sales: Manufacture and sale of band saw machines, circular saw machines, and accessories. One-time hardware sales with unit pricing model ranging from Rs 450 (accessories) to Rs 75,67,000 (high-end CNC machines).
2. Band Saw Blades and Cutters: Sale of consumable blades including M-42, M-51, M-71 bimetal band saw blades and TCT circular saw cutters with recurring revenue potential from replacement purchases.
3. Tube Mill and Special Purpose Machines: Custom-built tube mills, pipe plants, section mills and turnkey project solutions for complete tube manufacturing plants.
4. Trading Division: Trading division selling cutting tools, lubricants, and distributing hydraulic components of EATON USA for its machines.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

ITL Industries Limited manufactures and exports industrial metal cutting machinery including Double Column Band Saw Machines (Horizontal and Vertical, ranging from 100mm to 3000mm capacity in Manual, Semi-Automatic, Fully Automatic, NC and CNC variants), Numerically Controlled Circular Saw Machines, bi-metal Band Saw Blades (M-42, M-51, M-71 grades), Carbide Circular Saw Cutters, and complete Tube Mill / Pipe Plant equipment with turnkey project solutions. The company also operates a trading division for cutting tools, lubricants, and EATON hydraulic components.

Product overview

ITL Industries Limited is a manufacturer and exporter of industrial metal cutting machinery based in Indore, India. The product portfolio centers on Band Saw Machines (Double Column Horizontal and Vertical models ranging from 100mm to 3000mm capacity, in Manual, Semi-Automatic, Fully Automatic, NC, and CNC variants) and Circular Saw Machines (Numerically Controlled High Speed models from 50mm to 200mm cutting capacity). Supporting products include ITL Band Saw Blades (M-42, M-51/ENDURA, M-71/SUPERIA grades) and ITL Circular Saw Cutters (TCT and Cermet grades). The company also offers Tube Mill equipment including Tube Mills, Pipe Plants, Section Mills, and Burr Free Cold Saw Fly Cut Off systems, providing complete turnkey solutions for tube manufacturing plants. Accessories include ITL WIRE BRUSH and ITL MICROLUBE/MICROMIST OIL cutting lubricants. The company positions itself as an 'Affordable Metal Cutting Solution Provider' serving steel, defense, railways, and general engineering industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Double Column Band Saw Machines (Horizontal) High Speed Double Column Horizontal Bandsaw Machines (models ITL-300 F, ITL-525 F, ITL-660 F, ITL-860 F, ITL-860-LMGTV, ITL-1020 F, ITL-300-LMGA, ITL-450-LMGTV NC) ranging from 300mm to 1020mm cutting diameter for alloy steel, stainless steel, mild steel and structural steel. Features proprietary Linear Motion Guide (LMG) bearings, PLC/HMI controls with AC servo ball screw, hydro mechanical sensor for auto feed adjustment, and micro mist cooling. Pricing ranges from Rs 7,52,000 to Rs 59,99,090 per machine.
• Vertical Band Saw Machines Vertical band saw machines (e.g., ITL-300 V3H) with 300mm max cutting height, 900x900mm table, hydraulic work table operation, used for tool room cutting, special purpose applications and destructive testing.
• Numerically Controlled High Speed Circular Saw Machines NC and Automatic Circular Saw Machines (ITL-CSNC-50, ITL-CSNC-80, ITL-CSNC-100, ITL-CSNC-200, ITL-CSNC-200-AL, ITL-CSV-80) for high speed metal cutting of round bars, alloy steel, stainless steel, and aluminium. Features HMI touch screen, PLC control, micro mist oil cooling and servo motor with ball screw feed. Pricing ranges from Rs 21,96,500 to Rs 75,67,000 per machine.
• ITL Band Saw Blades (M-42, M-51 ENDURA, M-71 SUPERIA) Bi-metal band saw blades in three grades: M-42 (cobalt edge, HRC 68-69, for general steels and forging materials), M-51 ENDURA (10% cobalt with tungsten, for stainless and die steels), and M-71 SUPERIA (powder metallurgy with optional TiAlN coating for super alloys like Inconel and Monel). Pricing ranges from Rs 1,450 to Rs 5,200 per blade.
• ITL Circular Saw Cutters Carbide and Cermet tip coated circular saw cutters in grades FEV, FESV, FERV, FESRV, FEPV, FE SPV, FE SPRV, SUSMAXV for ferrous, forging, stainless steel and alloy applications.
• Tube Mill Equipment and Turnkey Solutions Complete tube and pipe manufacturing equipment including Tube Mills, Pipe Plants, Section Mills, Straightening Machines, Horizontal and Vertical Accumulators, and online Burr Free Cold Saw Fly Cut Off systems. Provides single-point responsibility for entire tube production line setup through partnership with Technomech Engineers.
• Cutting Accessories (ITL Wire Brush and ITL Microlube/Micromist Oil) ITL Wire Brush (Rs 400-850) for chip removal and blade guide cleaning with hard, semi-hard and soft bristle options in 3-inch and 6-inch sizes. ITL Microlube/Micromist Oil (Rs 500-1,500 per litre) is a 100% environmentally safe plant-based cutting lubricant in grades RW AL 5000, RW FE 3000, RW FE ECO, RW NF-NEO and RW SS SPL for mild steel, stainless steel and alloy steel cutting.
• IoT-enabled Automated Bandsaw IoT-enabled automated bandsaw with remote monitoring and connected manufacturing capabilities for smart industrial metal cutting operations. Launched in March 2025 as ITL's entry into Industry 4.0 / smart factory equipment.

Quantifiable outcome

• Over 1,000 machines supplied and commissioned by end of 2019 in India and abroad
• +4 more outcomes

Named customers22 records

Segments5 records

Ideal customer profiles4 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 minor and major.

• EATON USA (Trading Division)minorChannel Partner/ Reseller/ Distributor · 1 January 2008ITL has a Trading Division that sells Cutting Tools & Lubricants for its machines as well as distributing hydraulic components of EATON, USA.
• Technomech EngineersmajorStrategic or Co-development Partner · 1 January 2007In 2007, ITL joined hands with Technomech Engineers who produce Tube & Pipe Manufacturing Equipment like Tube Mills, Pipe Plants & Allied Equipment including Horizontal & Vertical Accumulators. ITL provides single point service and one-stop responsibility center for setting up entire tube manufacturing plants.
• KASTO Maschinenfabrik GmbH GermanymajorStrategic or Co-development Partner · 1 January 1996In 1996, ITL joined hands with KASTO Maschinenfabrik GmbH Germany to manufacture state-of-the-art High Speed Power Hacksawing Machines in India. This partnership established ITL as a key player in the industrial sawing machine market.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• DoALL Company: US pioneer in industrial bandsaws with broad product range. Historically a category-defining competitor; directly comparable in metal-cutting saw machinery serving machine shops and industrial production.
• Behringer GmbH: German manufacturer of bandsaws, circular cold saws, and tube processing machinery. Directly competes in the same metal-cutting saw categories ITL serves, with stronger European brand equity and overlapping end-markets in steel, automotive, and tube/pipe production.
• Marvel Manufacturing: US-based bandsaw manufacturer serving metal-cutting industrial customers. Directly comparable product line (vertical and horizontal bandsaws) with overlapping automotive and industrial customer base in North America—ITL's largest export market.
• KASTO Maschinenfabrik GmbH: German manufacturer of bandsaws, circular saws, and hacksawing machines. Direct comparable to ITL's core bandsaw product line; ITL has been KASTO's Indian manufacturing partner since 1996, sharing product DNA and competing in adjacent export markets.
• Wikus-Sägenfabrik: German manufacturer of bi-metal and carbide bandsaw blades—the same consumable category ITL sells through its blade division. Direct competitor in the consumable saw-blade business that drives ITL's recurring revenue.
• Cosen Saws International: Taiwan-headquartered global bandsaw manufacturer with broad product range across manual, semi-automatic, and NC/CNC bandsaws. Directly comparable category competitor; recently launched an AI-enhanced 'SmartCut Pro Series' positioning it as a smart-factory benchmark ITL must match with its new IoT bandsaw.

Regional players

• Electronica Hitech Machine Tools: Indian CNC machine tool manufacturer specializing in turning centers, vertical machining centers, and special-purpose machines. Domestic peer in the broader Indian metal-cutting machinery space; overlaps with ITL in NC automation technology but focuses on different machine categories.
• Bharat Fritz Werner (BFW): Indian machine tool manufacturer producing machining centers, turning centers, and special-purpose machines. Comparable Indian-listed metal-cutting machinery OEM serving overlapping automotive and industrial customers; competes for institutional and PSU orders in India.

Broad incumbents

• Amada Co., Ltd. Japanese global leader in metalworking machinery including bandsaws, laser cutters, press brakes, and sheet metal fabrication. Overlaps with ITL's metal-cutting portfolio as part of a much broader industrial machinery platform; competes most directly in CNC bandsaw and tube-mill segments.
• Sandvik AB: Swedish multinational with a leading cutting tools division supplying saw blades, inserts, and tooling to industrial customers including ITL's own customer base (e.g., Sandvik is both an ITL customer and a competitor in the consumable saw-blade segment).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 ITL Industries