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Millworks Technologies

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uuid02m5oag

Namestring
Millworks Technologies
Legal namestring
Millworks Technologies Limited
Company typeenum
Private
Founded yearint
2021
Descriptiontext

Millworks Technologies Limited is an AS9100D-certified precision manufacturing company established in 2021 and headquartered in Bengaluru, India. The company manufactures high-precision machined components, sheet metal parts, sub-assemblies, and assemblies for enterprise customers in the aerospace and defense, railways, and semiconductor industries. Operations span four manufacturing plants totaling approximately 40,000 square feet in the Peenya Industrial Area and Nelamangala, equipped with 52 CNC machines including turning centers, turn-mills, vertical and horizontal milling machines, wire EDM, and fiber laser systems, supported by Carl Zeiss CMM, profile projector, video measuring systems, and roughness testing for metrology.

The company offers an integrated manufacturing portfolio spanning pressure die, investment die, and gravity die casting; hot and cold forging; CNC machining; sheet metal fabrication; and final assembly, enabling it to deliver complete BOM packages as a single supplier. Vertical-specific products include aero engine parts, turbocharger parts, aero structures, engine blades, and actuators for aerospace and defense; train door parts, braking systems, actuators, and couplers for railways; and automation machinery components for the semiconductor sector. The company holds AS9100D, ISO 9001:2015, ISO 14001, and ISO 18001 certifications across all three certified units and operates a Global Supply Chain Wing that supplies components and assemblies to overseas customers.

Millworks generates revenue through direct B2B sales of custom-manufactured components on a quote-based, negotiated basis, with multi-year supply contracts typical of the precision manufacturing industry. Its go-to-market is enterprise field sales targeting procurement and engineering teams of major manufacturers. The company is currently privately held but is preparing for an Initial Public Offering, with DRHP, RHP, Prospectus, and Abridged Prospectus documents already filed. Marketing and lead generation are conducted primarily through a corporate website (millworksindia.com) and organic social channels including LinkedIn, Facebook, X, and YouTube.

Short descriptiontext

Millworks Technologies Limited is an AS9100D-certified Indian precision manufacturer producing CNC-machined components, sheet metal parts, castings, forgings, and assemblies for aerospace, defense, railways, and semiconductor customers across four Bengaluru plants.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersBangalore, India
HQ citystring
Bangalore
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
precision CNC machining, aerospace component manufacturing, sheet metal fabrication, die casting services, forged components
Industry3 codes
1CNC Machine Tools (Turning, Milling, Machining Centers)
CodeIMAHADAAPrimaryYes
2Sheet Metal Machinery (Laser/Plasma/Waterjet Cutting, Punching)
CodeIMAHADADPrimaryNo
3Metal Forming & Fabrication Machines (Presses, Bending, Shearing, Stamping)
CodeIMAHADACPrimaryNo
NAICS code1 code
  • Machine Shops332710
SIC code1 code
  • Sheet Metal Work3444
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Precision Component Manufacturing
TypeHardware Sales
Description

Manufacturing and supply of precision machined components, sheet metal parts, sub-assemblies and assemblies for aerospace, defense, railways, and semiconductor industries. Revenue generated through direct B2B sales of manufactured components, with potential for both one-time orders and long-term supply contracts.

millworksindia.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components7 values
Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales, Others
Pricing details1 tier
1B2B enterprise pricing - custom quote based
ModelOtherBilling cadenceMulti-year contract
Notes

Pricing is determined based on component complexity, materials, volume, and technical specifications. No publicly disclosed pricing tiers.

millworksindia.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Millworks Technologies Limited manufactures precision CNC machined components, sheet metal parts, hot and cold forged components, and pressure, investment, and gravity die castings for aerospace, defense, railways, and semiconductor industries. It supplies individual components as well as sub-assemblies and full assemblies from four manufacturing plants in Bengaluru totaling 40,000 sqft and 52 CNC machines, with a Global Supply Chain Wing providing end-to-end BOM sourcing.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Millworks Technologies Limited is a precision manufacturing company offering a comprehensive portfolio of manufacturing services and products. The core offerings include Precision CNC Machined Components, Sheet Metal Components, Hot & Cold Forged Components, and casting solutions (Pressure Die Casting, Investment Die Casting, Gravity Die Casting), supplemented by Gaskets, Fasteners, and Brass Products. The company serves three primary industry verticals: Aerospace & Defense (producing Aero Engine Parts, Turbocharger Parts, Aero Structure Parts, Engine Blade Parts, and Actuators), Railways (manufacturing Train Door Parts, Braking System Components, Actuators, and Couplers), and Semiconductor (producing Automation Machinery Components). Services range from individual precision-machined components to complete sub-assemblies and full assemblies, with the company providing a Global Supply Chain Wing for sourcing complete BOM requirements and supplying them in a single package. Manufacturing is conducted across four factories with 52 CNC machines including CNC Turning Centers, Turn-Mills, Vertical/Horizontal Milling Machines, Wire EDM, and Fiber Laser Machines.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Indian listed precision components manufacturer for automotive, aerospace, and off-highway with CNC machining, forging, and assembly — overlapping end-markets, comparable manufacturing capabilities, and similar Indian contract manufacturing DNA.

TypeDirect peer
Description

Indian listed precision machined components and sub-assemblies supplier serving automotive, industrial, and aerospace — directly comparable business model of precision CNC machining and sub-assemblies for B2B industrial customers.

TypeDirect peer
Description

Indian aerospace, hydraulics, and automotive precision engineering company with AS9100 certifications and CNC machining — comparable in aerospace components, certification profile, and India-based manufacturing footprint.

TypeBroad incumbent
Description

Indian aerospace and defense systems integrator and precision components manufacturer — larger incumbent serving overlapping aerospace/defense verticals with broader systems integration scope.

TypeDirect peer
Description

Indian aerospace and defense precision components supplier with CNC machining and assembly capabilities — directly comparable in target end-market, certification profile, and contract manufacturing model.

TypeDirect peer
Description

Indian precision manufacturing company serving aerospace, consumer durables, and oil & gas with machining, casting, and assembly — comparable multi-process manufacturing and aerospace vertical exposure.

TypeDirect peer
Description

Indian listed precision engineering company serving aerospace, defense, and energy with CNC machining, assembly, and AS9100-certified capabilities — closely comparable in target verticals, certifications, and precision machining profile to Millworks.

TypeDirect peer
Description

Indian electronics and precision engineering company serving aerospace, defense, and space with machined components and assemblies — comparable aerospace vertical and Indian contract manufacturing positioning.

TypeDirect peer
Description

Indian listed precision turned components and camshafts manufacturer serving automotive OEMs — comparable in precision machining heritage and Indian contract manufacturing profile, though with a primarily automotive focus.

TypeBroad incumbent
Description

Indian CNC machine tool manufacturer and precision components supplier — broader incumbent that both builds CNC machines and produces machined components, overlapping with Millworks' CNC machining focus.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
Compliance4 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Millworks Technologies

Millworks Technologies Limited is an AS9100D-certified Indian precision manufacturer producing CNC-machined components, sheet metal parts, castings, forgings, and assemblies for aerospace, defense, railways, and semiconductor customers across four Bengaluru plants.

What Millworks Technologies does

Millworks Technologies Limited is an AS9100D-certified precision manufacturing company established in 2021 and headquartered in Bengaluru, India. The company manufactures high-precision machined components, sheet metal parts, sub-assemblies, and assemblies for enterprise customers in the aerospace and defense, railways, and semiconductor industries. Operations span four manufacturing plants totaling approximately 40,000 square feet in the Peenya Industrial Area and Nelamangala, equipped with 52 CNC machines including turning centers, turn-mills, vertical and horizontal milling machines, wire EDM, and fiber laser systems, supported by Carl Zeiss CMM, profile projector, video measuring systems, and roughness testing for metrology.

The company offers an integrated manufacturing portfolio spanning pressure die, investment die, and gravity die casting; hot and cold forging; CNC machining; sheet metal fabrication; and final assembly, enabling it to deliver complete BOM packages as a single supplier. Vertical-specific products include aero engine parts, turbocharger parts, aero structures, engine blades, and actuators for aerospace and defense; train door parts, braking systems, actuators, and couplers for railways; and automation machinery components for the semiconductor sector. The company holds AS9100D, ISO 9001:2015, ISO 14001, and ISO 18001 certifications across all three certified units and operates a Global Supply Chain Wing that supplies components and assemblies to overseas customers.

Millworks generates revenue through direct B2B sales of custom-manufactured components on a quote-based, negotiated basis, with multi-year supply contracts typical of the precision manufacturing industry. Its go-to-market is enterprise field sales targeting procurement and engineering teams of major manufacturers. The company is currently privately held but is preparing for an Initial Public Offering, with DRHP, RHP, Prospectus, and Abridged Prospectus documents already filed. Marketing and lead generation are conducted primarily through a corporate website (millworksindia.com) and organic social channels including LinkedIn, Facebook, X, and YouTube.

Millworks Technologies firmographics

Firmographics
Name
Millworks Technologies
Legal name
Millworks Technologies Limited
Website
https://millworksindia.com
Company type
Private
Founded year
2021
Operating status
Operating
Headcount range
51–100 employees
Short description
Millworks Technologies Limited is an AS9100D-certified Indian precision manufacturer producing CNC-machined components, sheet metal parts, castings, forgings, and assemblies for aerospace, defense, railways, and semiconductor customers across four Bengaluru plants.
Ownership category
akta.pro rank

Millworks Technologies industry classification

Industry
NAICS
Machine Shops (332710)
SIC
Sheet Metal Work (3444)
akta.pro primary industry
CNC Machine Tools (Turning, Milling, Machining Centers) (IMAHADAA)
akta.pro secondary industries
Sheet Metal Machinery (Laser/Plasma/Waterjet Cutting, Punching) (IMAHADAD), Metal Forming & Fabrication Machines (Presses, Bending, Shearing, Stamping) (IMAHADAC)

Keywords

  • Precision CNC machining
  • Aerospace component manufacturing
  • Sheet metal fabrication
  • Die casting services
  • Forged components

Where Millworks Technologies is headquartered

Location

Headquarters

HQ city
Bangalore
HQ country
India
HQ region
Asia

Offices4 records

Markets served

Millworks Technologies business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales, Others

Revenue model

  1. Precision Component Manufacturing: Manufacturing and supply of precision machined components, sheet metal parts, sub-assemblies and assemblies for aerospace, defense, railways, and semiconductor industries. Revenue generated through direct B2B sales of manufactured components, with potential for both one-time orders and long-term supply contracts.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractB2B enterprise pricing - custom quote based

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Millworks Technologies product offering

Product offering

Core offering

Millworks Technologies Limited manufactures precision CNC machined components, sheet metal parts, hot and cold forged components, and pressure, investment, and gravity die castings for aerospace, defense, railways, and semiconductor industries. It supplies individual components as well as sub-assemblies and full assemblies from four manufacturing plants in Bengaluru totaling 40,000 sqft and 52 CNC machines, with a Global Supply Chain Wing providing end-to-end BOM sourcing.

Product overview

Millworks Technologies Limited is a precision manufacturing company offering a comprehensive portfolio of manufacturing services and products. The core offerings include Precision CNC Machined Components, Sheet Metal Components, Hot & Cold Forged Components, and casting solutions (Pressure Die Casting, Investment Die Casting, Gravity Die Casting), supplemented by Gaskets, Fasteners, and Brass Products. The company serves three primary industry verticals: Aerospace & Defense (producing Aero Engine Parts, Turbocharger Parts, Aero Structure Parts, Engine Blade Parts, and Actuators), Railways (manufacturing Train Door Parts, Braking System Components, Actuators, and Couplers), and Semiconductor (producing Automation Machinery Components). Services range from individual precision-machined components to complete sub-assemblies and full assemblies, with the company providing a Global Supply Chain Wing for sourcing complete BOM requirements and supplying them in a single package. Manufacturing is conducted across four factories with 52 CNC machines including CNC Turning Centers, Turn-Mills, Vertical/Horizontal Milling Machines, Wire EDM, and Fiber Laser Machines.

Differentiator

Problem solved

Functional benefit

Companies that use Millworks Technologies

Customer profile

Named customers3 records

Segments3 records

Millworks Technologies technology and API

Technology

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Millworks Technologies partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Millworks Technologies competitors and assessment

Company assessment

Direct peers

  • Sansera Engineering: Indian listed precision components manufacturer for automotive, aerospace, and off-highway with CNC machining, forging, and assembly — overlapping end-markets, comparable manufacturing capabilities, and similar Indian contract manufacturing DNA.
  • Craftsman Automation: Indian listed precision machined components and sub-assemblies supplier serving automotive, industrial, and aerospace — directly comparable business model of precision CNC machining and sub-assemblies for B2B industrial customers.
  • Dynamatic Technologies: Indian aerospace, hydraulics, and automotive precision engineering company with AS9100 certifications and CNC machining — comparable in aerospace components, certification profile, and India-based manufacturing footprint.
  • Hical Technologies: Indian aerospace and defense precision components supplier with CNC machining and assembly capabilities — directly comparable in target end-market, certification profile, and contract manufacturing model.
  • Aequs: Indian precision manufacturing company serving aerospace, consumer durables, and oil & gas with machining, casting, and assembly — comparable multi-process manufacturing and aerospace vertical exposure.
  • MTAR Technologies: Indian listed precision engineering company serving aerospace, defense, and energy with CNC machining, assembly, and AS9100-certified capabilities — closely comparable in target verticals, certifications, and precision machining profile to Millworks.
  • Centum Electronics: Indian electronics and precision engineering company serving aerospace, defense, and space with machined components and assemblies — comparable aerospace vertical and Indian contract manufacturing positioning.
  • Precision Camshafts Limited: Indian listed precision turned components and camshafts manufacturer serving automotive OEMs — comparable in precision machining heritage and Indian contract manufacturing profile, though with a primarily automotive focus.

Broad incumbents

  • Tata Advanced Systems: Indian aerospace and defense systems integrator and precision components manufacturer — larger incumbent serving overlapping aerospace/defense verticals with broader systems integration scope.
  • Bharat Fritz Werner (BFW): Indian CNC machine tool manufacturer and precision components supplier — broader incumbent that both builds CNC machines and produces machined components, overlapping with Millworks' CNC machining focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Millworks Technologies social profiles

Digital presence

Millworks Technologies compliance and trust

Trust signal

Compliance4 records

Millworks Technologies financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Millworks Technologies leadership team

Management profile

Number of profiles

Millworks Technologies funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Millworks Technologies M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Millworks Technologies

What does Millworks Technologies do?

Millworks Technologies Limited manufactures precision CNC machined components, sheet metal parts, hot and cold forged components, and pressure, investment, and gravity die castings for aerospace, defense, railways, and semiconductor industries. It supplies individual components as well as sub-assemblies and full assemblies from four manufacturing plants in Bengaluru totaling 40,000 sqft and 52 CNC machines, with a Global Supply Chain Wing providing end-to-end BOM sourcing.

Is Millworks Technologies a public or private company?

Millworks Technologies is a private company. It is currently operating.

When was Millworks Technologies founded?

Millworks Technologies was founded in 2021. It employs 51 to 100 people.

Where is Millworks Technologies based?

Millworks Technologies is headquartered in Bangalore, India, in the Asia region.

How does Millworks Technologies make money?

One revenue line is on record: precision Component Manufacturing.

Who are Millworks Technologies's main competitors?

Direct peers on record are Sansera Engineering, Craftsman Automation, Dynamatic Technologies, Hical Technologies, Aequs, MTAR Technologies, Centum Electronics and Precision Camshafts Limited. Broad incumbents are Tata Advanced Systems and Bharat Fritz Werner (BFW).

Does Millworks Technologies have an API?

No public API is recorded for Millworks Technologies.

What industry is Millworks Technologies in?

Its primary akta.pro industry code is IMAHADAA, CNC Machine Tools (Turning, Milling, Machining Centers), with a secondary code of IMAHADAD, Sheet Metal Machinery (Laser/Plasma/Waterjet Cutting, Punching). Its NAICS code is 332710 and its SIC code is 3444.

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Live signals
The Times of IndiaTop SME IPOs gave up to 435% returns this year. How many are in your portfolio? - Stellar RunTop SME IPOs delivered strong post-listing gains in 2026, with Apsis Aerocom leading at 435% and Millworks Technologies at 243%. Other stocks like Indo SMC and Vivid Electromech also saw rallies exceeding 200%.ScanXPace Stock Broking cuts Millworks stake by 2.41% in open market salePace Stock Broking Services and its person acting in concert, Shine Star Build-Cap, reduced their aggregate holding in Millworks Technologies by 2.41% through open market transactions between July 27 and August 21, 2026. The net reduction of 4,24,000 shares brought their stake from 6.34% to 3.93% of the 17,614,755-share voting capital. The acquirer filed a Regulation 29(2) disclosure on August 25, 2026.The TribuneMillworks Technologies Secures Orders Worth 53.74 CrMillworks Technologies Limited has secured confirmed orders worth approximately ₹53.74 crore, bringing its total order book to ₹121.88 crore for FY27. The company also announced that its equity stake holder, Quick Pay, delivered the AASHVAST Lab to the Indian Army, establishing an indigenous firmware assurance capability for military electronics.ScanXMillworks Technologies hosts investor meet on Aug 21Millworks Technologies Limited will host a virtual meeting with specific institutional investors on August 21, 2026. The session is scheduled for 4:00 pm and involves participation from the company's Managing Director and Investor Relations Officer. The event was disclosed pursuant to SEBI listing regulations.Business StandardStock Market LIVE: GIFT Nifty down 100 pts; Asia markets trade mixed; Brent crude near $88The GIFT Nifty indicated a negative open for the Nifty50, quoted at 24,148 down 110 points, as US-Iran geopolitical tensions continued to weigh on risk sentiment. Asian markets traded mixed on Tuesday morning with South Korea's Kospi falling 2.8% and Japan's Nikkei down 2.02%, while US stock futures edged higher as investors resumed buying in technology stocks. Multiple IPOs are opening or listing on Tuesday including Millworks Technologies (₹160.34 crore, subscribed 219.54 times), Caliber Mining (₹450 crore), and Metalic Technoforge (₹49.96 crore), alongside ongoing US-Iran tensions with President Trump stating Tehran must pay for three US servicemen's lives.Business News TodayPrimary market action: Seven IPOs to hit Dalal Street, 5 listings lined up next weekSeven IPOs are set to hit India's Dalal Street during the week of July 20, with SBI Funds Management, Alpine Texworld, and Millworks Technologies scheduled to list on July 21. Cube Highways Trust InvIT will open its Rs 5,000-crore IPO on July 22, while Indo-MIM, Lohia Corp, and Xtranet Technologies will open their IPOs on July 23 and close on July 27. The five companies that have disclosed details will collectively mobilize approximately Rs 5,254 crore through their public issues.The Times of IndiaIPO calendar: 5 IPOs opening for subscription to keep investors busy; SBI Funds among 4 listings scheduled - The Economic TimesThe primary market will remain active in the coming week with five IPOs opening for subscription, including two mainboard offerings from Xtranet Technologies (Rs 166.8 crore) and Cube Highways Trust InvIT (Rs 5,000 crore), alongside three SME issues. Four IPOs are scheduled to list, with SBI Funds Management being the most closely watched after its Rs 9,813 crore issue was subscribed over 40 times with a grey market premium of around 16%. SME listings include Millworks Technologies (GMP over 100%), Alpine Texworld (GMP at 0%), and Sotefin Bharat.Business News TodayMillworks Technologies SME IPO subscribed 78x so far on Day 3; GMP jumps to 120%Millworks Technologies' SME IPO received overwhelming subscription on its final bidding day on July 16, being subscribed 77.6 times with retail investors subscribing 114.31 times their reserved portion. The IPO commands a grey market premium of Rs 400 per share, signaling an estimated listing gain of 120.85 percent over the issue price.Business News TodayMillworks Technologies Ltd IPO Date: Check Issue Date, Price, Lot size, Subscription, News and DetailsMillworks Technologies Ltd is a precision engineering company manufacturing machined components and sheet metal parts for railways, aerospace, defence, and semiconductor sectors. The company operates under Build to Print and Build to Spec models, with Sridhar Acharya as managing director and Purva Sharegistry as registrar.ScanXMillworks Technologies FY26 revenue surges to ₹148.77 CrMillworks Technologies Limited reported a significant surge in revenue from operations to ₹148.77 Cr in FY26, up from ₹22.10 Cr in FY25, representing over sixfold growth year-on-year. The precision engineering company has filed its Draft Red Herring Prospectus for an SME IPO, seeking to raise capital for ₹61.03 Cr in capital expenditure and ₹81.50 Cr for working capital. Despite the strong revenue growth, the company faces risks including negative operating cash flows of ₹10.76 Cr in FY26 and high customer concentration, with its top customer accounting for nearly half of revenue.