Titagarh Rail Systems

Titagarh Rail Systems Limited
Company typePublic
BSE532966
NSETWL
ISININE615H01020
IndustryRailways
Defence
Shipbuilding
Mining
Founded1984[1]
FounderJagadish Prasad Chowdhary
HeadquartersTitagarh Towers 756, Anandapur, E.M. Bypass, ,
India[2]
Area served
Worldwide
Key people
  • Jagadish Prasad Chowdhary
    (Chairman)[3]
  • Prithish Chowdhary
    (Non-executive Director)[4]
  • Umesh Chowdhary
    (Managing Director)[5]
Products
  • Freight wagons
  • Locomotives
  • Rolling stock
  • Mining equipment
  • Navalships
Production output
8,000 wagons[6] (2020)
RevenueIncrease 28.22 billion (US$340 million) (2023)[7]
Increase 1.3 billion (US$16 million) (2023)[7]
Total assetsIncrease 26.79 billion (US$340.82 million) (2022)[3]
Total equityIncrease 8.42 billion (US$107.12 million) (2022)[3]
OwnersChowdhary family (47.05%)[8]
Number of employees
453[9] (31 March 2021)
Subsidiaries
  • Titagarh Firema
  • Cimmco Limited[10]
  • Titagarh Marine Limited
Websitetitagarh.in

Titagarh Rail Systems Limited, formerly known as Titagarh Wagons Limited, is an Indian rolling stock manufacturer in the private sector. Established in 1984 as a rolling stock foundry unit, the company's headquarters are situated in Kolkata, West Bengal.[11] Titagarh is publicly traded on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).[12][13]

In 1997, the founder decided to add a bit more value to his propositions. He ventured into making entire wagons that would be used for freight, before that it used to manufacture railway components. The core operations of the company encompass providing freight wagons, semi high-speed trains, metros, transit and propulsion systems, and passenger coaches for the Indian Railways and for the export markets as well. In addition to the design, manufacture & supply of 102 metro coaches for the Pune Metro and the largest ever order for procurement of 24,177 wagons which are under execution, the company has been awarded prestigious orders by the Indian Railways for the manufacture and maintenance of Vande Bharat Trains and Wheels for the same under the Atma Nirbhar and Make in India initiatives of the Government of India and is a significant enabler for railway infrastructure of the country. Beyond its substantial engagement in the railway sector, Titagarh holds business interests in shipbuilding, bridges, and defence.[14][15][16]

  1. ^ "Titagarh Wagons Ltd.: Company Details". 28 April 2023.
  2. ^ "Contact". titagarh.in. Retrieved 14 May 2022.
  3. ^ a b c "TITAGARH WAGONS LIMITED 2022 ANNUAL REPORT" (PDF). bseindia.com. Retrieved 26 June 2023.
  4. ^ "Board Members". titagarh.in. Retrieved 18 June 2022.
  5. ^ "Board Members". titagarh.in. Retrieved 14 May 2022.
  6. ^ Cite error: The named reference Bose was invoked but never defined (see the help page).
  7. ^ a b "Titagarh Rail Systems Ltd Q4 FY2022-23 consolidated net profit jumps to Rs. 48.23 crores". EquityBulls. 24 May 2023. Retrieved 25 May 2023.
  8. ^ "Shareholding Pattern" (PDF). titagarh.in. Retrieved 14 May 2022.
  9. ^ "Annual Report 2020-21" (PDF). titagarh.in. Retrieved 14 May 2022.
  10. ^ "Our Group Companies | Titagarh". titagarh.in. Retrieved 14 May 2022.
  11. ^ "Rebranding Announcement | Titagarh Wagons to focus on rail-related solutions, rebrands as Titagarh Rail Systems". cnbctv18.com. 25 May 2023. Retrieved 25 May 2023.
  12. ^ "Rs 93 to Rs 498: This railway stock scaled all-time high within a year". Business Today. 20 June 2023. Retrieved 23 June 2023.
  13. ^ "Titagarh Rail Systems up 2095% from March 2020 low but Antique expects another 55% upside; here's why". Mintgenie. Retrieved 23 June 2023.
  14. ^ "Titagarh Wagons Limited". Business Standard. Retrieved 19 November 2018.
  15. ^ "Wagon maker Titagarh forays into shipyard business". DNA India. Retrieved 19 November 2018.
  16. ^ https://titagarh.in/service/engineering/defence [bare URL]

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