Titagarh Rail Systems

Titagarh Rail Systems Limited, formerly known as Titagarh Wagons Limited, is a prominent 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. Titagarh is listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Titagarh Rail Systems Limited
Company typePublic
BSE: 532966
NSE: TWL
ISININE615H01020
IndustryRailways
Defense
Shipbuilding
Mining
Founded1984
FounderJagadish Prasad Chowdhary
HeadquartersTitagarh Towers 756, Anandapur, E.M. Bypass,
Kolkata, West Bengal
,
India
Area served
Worldwide
Key people
  • Jagadish Prasad Chowdhary
    (Chairman)
  • Prithish Chowdhary
    (Non-executive Director)
  • Umesh Chowdhary
    (Managing Director)
Products
  • Freight wagons
  • Locomotives
  • Rolling stock
  • Mining equipment
  • Navalships
Production output
8,000 wagons (2020)
Revenue ₹2,822.17 crore (US$350 million) (2023)
₹130.20 crore (US$16 million) (2023)
Total assets ₹2,678.90 crore (US$340 million) (2022)
Total equity ₹842.27 crore (US$110 million) (2022)
OwnersChowdhary family (47.05%)
Number of employees
453 (31 March 2021)
Subsidiaries
  • Titagarh Firema
  • Cimmco Limited
  • Titagarh Marine Limited
Websitetitagarh.in

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 comprehensive rail mobility solutions, including 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 Pune Metro and the largest ever order for procurement of 24177 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 defense .

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