India’s Top 500 Companies 2022

INDIA’S TOP 500 COMPANIES 2022 17 Technocraft Industries India Limited With more than 50 years of industry experience, Technocraft Industries India Limited (TIIL) is a multi- product manufacturing company in India. The company manufactures high precision and sophisticated products, mainly for discerning worldwide markets. The company enjoys a significant position in main business industries namely, Drum Closures, Scaffolding systems, Cotton Yarn, Fabric, Garments and Engineering Services. The product line of TIIL expands beyond Drum Closures into Scaffolding and 100% Cotton Yarn, Fabric and Garments. Having a well-diversified group and niche & certified quality products, maintaining investor friendly relations along with dedicated professionals are the main contributors towards the success of the company. History and Operations TIIL was established in 1972 as a small-scale unit with a shoestring budget for manufacture of light engineering precision products. Technocraft as a group has grown into a multi-product and multi-national corporate having manufacturing facilities in Murbad, District Thane, Maharashtra spread over approximately 100 acres of land with approximately 200,000 sq. meter manufacturing buildings, employing nearly 3000 workmen, skilled technicians, engineers and staff. We export to more than 80 countries worldwide. As a part of corporate social responsibility, Technocraft group has promoted an institute of higher education in the name of NTTF Training Centre. This training centre is a trust run by Technocraft Industries promoters, tied up with Nettur Technical Training Foundation. Also, we have set up Technocraft Center for Applied Artificial Intelligence in IIT- Bombay. Product & Service Offerings Closures TIIL is reportedly the second largest global manufacturer of steel drum closures including Tite Seal Flanges & Plugs, Tile Seal Gaskets among others. The company ventured into manufacturing of plastic closures for small metal and plastic containers in the O&G industry. We have three global patent products, six manufacturing units in India and one in China. Scaffolding, Formwork & Towers We successfully manufacture and supply high quality steel tubes with excellent dimensional accuracy and surface quality. Technocraft Scaffolding System have been designed keeping in mind the health and safety regulations and without any loose fittings and hardware. Yarn, Fabrics, Garments We produce a variety of products ranging from NE 20 to NE 40, carded and combined varieties of cotton yarn. The spinning mill is equipped with world class Swiss, Japanese, German and Spanish equipments. The cotton yarn division uses themostmodernequipment tomanufacture its product assuring world-class quality to its customer. Technocraft is certified ISO 9001:2000 for its cotton yarn division. Our company’s brand is an internationally renowned brand on account of its most consistent and premium quality yarn. Engineering Services We provide engineering design services to various engineering/manufacturing companies. Further, multi- disciplinary engineering services are offered in various sectors such as consulting, engineering, general machinery, structural engineering. Subsidiaries The company has presence worldwide through subsidiaries, some of which are: • AAIT Technocraft Inc, USA • Technocraft International Ltd., UK • Technocraft Trading Spolka Z.o.o., Poland • Technocraft Australia Pvt. Ltd., Australia • Anhui Reliable Steel Technology Co. Ltd., China • Technocraft NZ Ltd., New Zealand • Highmark International Trading UAE We have established several foreign subsidiaries for stock mobilisation to our foreign customers. Apart from online stores, our distribution centres are located in the USA, Germany, UK, Australia, China, Poland and New Zealand. We have been constantly upgrading the company unit’s capacities to meet the growing expectations of the customers. The strategy adopted by the company comprises of growth through constant innovation, entering new categories thereby focussing on domestic and foreign markets. Dun & Bradstreet