Carraro India Ltd Company Summary

Carraro India Limited was incorporated as Carraro India Private Limited on April 11, 1997, as a Private Limited Company with Registrar of Companies, Delhi. Subsequently, on the conversion of Company to a Public Limited, the name was changed to Carraro India Limited and a fresh Certificate of Incorporation dated August 12, 2024 was issued by the RoC. Promoter, Carraro S.p.A., is the parent company of the Carraro Group.

The Company is engaged in manufacture of mechanical transmissions, clutches, hydraulic lifts and planetary drives, axles for agricultural tractors and construction equipment including components, parts and spares. The Company has its manufacturing facilities located in Ranjangaon at Pune.Pursuant to Scheme of Amalgamation approved by the High Court at Judicature at Bombay vide its order dated August 28, 2014, Turbo Gears India Private Limited (TGIPL) , the fellow subsidiary got merged with the Company w.e.f. April 1, 2013.

In terms of said amalgamation, erstwhile shareholders of Turbo Gears, namely, Carraro Drive Tech S.p.A. and Siap S.p.A., were allotted 0.06 Equity Shares bearing face value of Rs 10 each of the Company for every 1 fully paid-up equity share bearing face value of Rs 10 each held by such shareholder in Turbo Gears. Accordingly, 5,759,994 Equity Shares and 6 Equity Shares were allotted to Carraro Drive Tech S.p.A.

and Siap S.p.A., respectively, as consideration for the amalgamation.In 2016, the Company launched steering axle applicable for 4-WD vehicle; launched steering portal axle in 2022, and T135 transmission system launched in 2023. The Company acquired 99% shareholding in Carraro Technologies India Private Limited and it has become a subsidiary of the Company, with effect from June 28, 2024.The Company came up with an IPO of 17,755,681 equity shares having the face value of Rs 10 each, by raising funds aggregating to Rs 1250 crore, via offer for sale in December, 2024.Company launched the tele-boom handlers (TBHs) axle platform, developed for a leading global OEM, with initial exports commencingin 2024-25. 5 new prototypes were developed during financial year 2024-25.The Company opened first authorised service centre and secured board approval for capex expansion during FY25.

The Company collaborated with Montra Electric for the supply of e-transmissions for electric agricultural tractors in 2025. The Company developed advanced platforms such as the T100 EVO-HD, T100CVT and T135 Ag tractor transmission in 2026.